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Initial Operating Term definition

Initial Operating Term has the meaning attributed thereto in Section 2.1;
Initial Operating Term means the period commencing on the Effective Date and continuing for a period of five (5) years after the Effective Date.

Examples of Initial Operating Term in a sentence

  • PR had requested at Feb meeting, the expected date for new Regional Working Groups Terms of Reference as mentioned by Graham Smith at October meeting.

  • This Agreement shall commence on the Effective Date and shall continue in full force and effect through the end of the Initial Operating Term unless terminated earlier in accordance with the terms of this Agreement or renewed in accordance with Section 8.2.

  • Owner shall have the right (but not the obligation) to extend the Initial Operating Term of this Agreement for successive periods of one (1) year each (each, a “Renewal Term”) by giving Manager written notice of its desire to extend not later than ninety (90) days prior to the expiration of the Initial Operating Term (or, if applicable, the expiration of the then-current Renewal Term).

  • On or before the date of commencement of the Initial Operating Term of this Agreement, Owner will provide initial working capital in a sufficient amount to operate the Hotel, and thereafter from time to time throughout the Operating Term, if and as reasonably requested by Operator.

  • The Initial Operating Term and all Renewal Terms are collectively referred to as the “Operating Term.” This Agreement may be cancelled by Owner for any reason with 90 days notice.

  • Certificates of all policies shall be delivered to Operator prior to the commencement of the Initial Operating Term and thereafter not less than ten (10) days prior to the expiration date of all policies of insurance that must be maintained under the terms of this Agreement.

  • Notwithstanding anything contained in this Agreement to the contrary, if this Agreement is terminated at any time prior to the expiration of the Initial Operating Term for any reason other than upon an Event of Default by the Operator, Owner shall pay to Operator an early termination fee equal to the amount that would have been paid to Operator under this Agreement for the remainder of the Initial Operating Term based on budgeted gross receipts.

  • Host Customer shall notify Seller of its intent to purchase at least ninety (90) days and not more than one hundred eighty (180) days before the end of the Contract Operating Term Contract Year of the Initial Operating Term or Additional Operating Term, as applicable, and the purchase shall be completed before the end of the Operating Term Contract Year or the Initial Operating Term or Additional Operating Term, as applicable.

  • The Parties may agree in writing to extend this Agreement for one (1) additional five-year Operating Term at the same Contract Pricing as the Initial Operating Term.

  • This Agreement is effective as of the Effective Date and the Contract Term consists of two periods, a Development Term that starts on the Effective Date and runs up until the Commercial Operation Date and then an Initial Operating Term that starts on the Commercial Operation Date and runs for a period of 10 years, unless earlier terminated as provided for in this Agreement or extended for an Additional Operating Term (collectively, the “Term”).

Related to Initial Operating Term

  • Initial Operation means the first integral operation of the complete equipment covered under the Contract with the sub-system and supporting equipment in service or available for service.

  • Commercial Operation Date means the date on which a Material Project is substantially complete and commercially operable.

  • Remaining Term means the remaining period in the term of this Agreement had the Agreement not been terminated (rounded to nearest month), up to a maximum of twenty (20) years.

  • Commercial Operations Date or "COD": The date on which Facility first achieves Commercial Operations.

  • Orig Term Prop Type: Sr Lien: Orig Amount: P&&I: Cr. Score: Sevicer Loan Prod Code: Rem Term: Occp Code: Appr Value: Note Date: Debt Ratio: City Stat Zip Purpose: Curr Rate: CLTV: Prin Bal: Maturity Date: Lien Pos: 7578360 181 14 $89,797.00 $17,500.00 $211.44 736 0300989621 6 177 1 $145,500.00 01/31/2002 32 Xxx Xxxxxxx XX 00000 02 12.130 74 $17,395.09 02/05/2017 2 7578444 181 14 $110,000.00 $27,500.00 $336.71 669 0300981644 6 177 1 $110,000.00 01/31/2002 46 XXXXX XX 00000 02 12.380 125 $27,339.00 02/06/2017 2 7578728 181 14 $106,356.00 $65,000.00 $809.62 669 0300905551 6 177 1 $145,000.00 01/10/2002 43 XXXXXX XX 00000 02 12.700 119 $64,367.19 02/01/2017 2 7578867 301 14 $145,097.00 $35,000.00 $424.67 671 0301088050 8 300 1 $152,000.00 04/15/2002 36 XXXXXXXXXX XX 00000 02 14.130 119 $35,000.00 05/01/2027 2 7578883 181 14 $55,978.00 $57,000.00 $702.54 684 0301111738 6 180 1 $101,000.00 04/15/2002 45 XXXXXXXXXXX XX 00000 02 12.500 112 $56,891.21 05/01/2017 2 7578885 301 14 $178,282.00 $34,200.00 $398.65 674 0301104469 8 300 1 $174,000.00 04/15/2002 41 XXXXXXXXX XX 00000 02 13.500 123 $34,200.00 05/01/2027 2 7578889 181 14 $65,000.00 $25,000.00 $324.58 648 0301104923 6 180 1 $85,000.00 04/15/2002 24 XXXXX OK 74421 02 13.500 106 $25,000.00 05/01/2017 2 7578891 300 09 $107,539.00 $59,500.00 $671.06 707 0301091559 8 299 1 $134,000.00 04/12/2002 41 XXXXXXX XX 00000 02 13.000 125 $59,473.52 04/22/2027 2 7578893 181 14 $62,638.00 $35,000.00 $460.25 645 0301097283 6 180 1 $79,000.00 04/11/2002 42 XXXXXX XX 00000 02 13.750 124 $35,000.00 05/01/2017 2 7578897 181 14 $166,100.00 $35,000.00 $460.25 641 0301104758 6 180 1 $170,000.00 04/11/2002 45 XXXXXXX XX 00000 02 13.750 119 $35,000.00 05/01/2017 2 7579909 180 14 $86,368.00 $60,000.00 $743.42 680 0301083119 6 179 1 $118,500.00 04/15/2002 48 XXXX XX 00000 02 12.600 124 $59,886.58 04/19/2017 2 7580372 180 14 $210,000.00 $60,000.00 $749.30 683 0300973682 6 177 1 $256,000.00 02/05/2002 47 XXXXXXXX XX 00000 02 12.750 106 $59,507.30 02/11/2017 2 7581437 180 14 $77,000.00 $35,000.00 $442.83 699 0301082798 6 179 1 $97,000.00 04/09/2002 41 Xxxxxxxxxxx XX 00000 02 13.000 116 $34,934.17 04/15/2017 2 7581439 180 14 $32,369.00 $28,000.00 $345.11 664 0301085445 6 179 1 $55,000.00 04/12/2002 27 Xxxx Xxxxx AR 72901 02 12.500 110 $27,441.56 04/19/2017 2 7581441 180 14 $52,035.00 $50,000.00 $633.44 661 0301098927 6 179 1 $88,000.00 04/13/2002 33 XXXXXX XX 00000 02 13.030 116 $49,907.71 04/19/2017 2 7581443 300 14 $99,289.00 $59,500.00 $624.47 705 0301082962 8 299 1 $129,000.00 04/09/2002 50 XXXX XX 00000 02 11.950 124 $59,467.52 04/15/2027 2 7581445 180 14 $82,989.00 $25,000.00 $308.13 739 0301085460 6 179 1 $91,724.00 04/10/2002 26 Xxxxxx XX 00000 02 12.500 118 $24,952.29 04/17/2017 2 7581447 180 14 $95,604.00 $36,000.00 $461.43 681 0301082806 6 179 1 $105,934.00 04/13/2002 45 XXXXXXXXX XX 00000 02 13.250 125 $35,936.07 04/19/2017 2 7581449 180 14 $174,770.00 $60,000.00 $810.17 688 0301114138 6 179 1 $202,000.00 04/10/2002 00 XXXXX XXXXXXXX XX 00000 02 14.280 117 $59,903.58 04/16/2017 2 7581451 300 09 $112,061.00 $45,330.00 $510.91 701 0301082970 8 299 1 $135,500.00 04/12/2002 42 XXXX XXXXX XX 00000 02 12.990 117 $45,309.79 04/18/2027 2 7581453 180 14 $117,945.00 $54,000.00 $674.38 719 0301082814 6 179 1 $138,000.00 04/12/2002 48 XXXXXX XX 00000 02 12.750 125 $53,899.37 04/18/2017 2

  • Commercial Operation means the condition of operation in which the complete equipment covered under the Contract is officially declared by the Owner to be available for continuous operation at different loads up to and including rated capacity. Such declaration by the Owner, however, shall not relieve or prejudice the Contractor of any of his obligations under the Contract.

  • Commercial Operations Upon satisfaction of the following conditions, the Facility shall be considered to have achieved Commercial Operations on the Day specified in Seller's written notice described below: (i) the Acceptance Test has been passed, (ii) all generating units have passed Control System Acceptance Tests, (iii) the Transfer Date has occurred, (iv) Seller has (1) provided to Company the Required Models (as defined in Section 6(a) (Seller's Obligation to Provide Models) of Attachment B (Facility Owned by Seller)) in the form of Source Code, (2) placed the current version of the Source Code for the Required Models with the Source Code Escrow Agent as required in Section 6(b)(i)(A) (Establishment of Source Code Escrow) of Attachment B (Facility Owned by Seller), or (3) if Seller is unable to arrange for the placement of the appropriate Source Code into the Source Code Escrow account, placed the required funds with the Monetary Escrow Agent as required in Section 6(b)(ii)(A) (Establishment of Monetary Escrow) of Attachment B (Facility Owned by Seller), and (v) Seller provides Company with written notice that (aa) Seller is ready to declare the Commercial Operations Date and (bb) the Commercial Operations Date will occur within 24 hours (i.e., the next Day).

  • Project Term the period from the Operation Commencement Date to the Expiry Date or the Termination Date, whichever occurs first, which is further described in Clause 3;

  • Commercial Operation Date (COD) means the date certified by the DISCOM’s committee upon successful commissioning (as per provisions of the PPA) of the project when all equipments as per rated capacity have been installed and energy has flown into the grid.

  • Existing Termination Date as defined in Section 2.18.

  • Scheduled Commercial Operation Date shall have the meaning ascribed to it in Clause 5.4.1;

  • Operational Period means the period starting with the date and time a Certificate is issued (or on a later date and time certain if stated in the Certificate) and ending with the date and time on which the Certificate expires or is earlier revoked.

  • Initial compliance period means the three-year compliance period that begins January 1, 1993, except for the MCLs for dichloromethane, 1,2,4-trichlorobenzene, 1,1,2-trichloroethane, benzo(a)pyrene, dalapon, di(2-ethylhexyl)adipate, di(2-ethyl- hexyl)phthalate, dinoseb, diquat, endothall, endrin, glyphosate, hexachlorobenzene, hexachlorocyclopentadiene, oxamyl, picloram, simazine, 2,3,7,8-TCDD, antimony, beryllium, cyanide, nickel, and thallium, as they apply to a supplier whose system has fewer than 150 service connections, for which it means the three-year compliance period that began on January 1, 1996.

  • Commence commercial operation means, with regard to a unit that serves a generator, to have begun to produce steam, gas, or other heated medium used to generate electricity for sale or use, including test generation subject to the following:

  • Operation Period means the period commencing from COD and ending on the Transfer Date;

  • Remaining Term Interest means, with respect to any Note, the aggregate amount of scheduled payment(s) of interest on such Note for the remaining term to the Maturity Date determined on the basis of the rate of interest applicable to such Note from and including the Redemption Date.

  • Completion Period means the period starting from the date of issue of "Order" and required to complete the work in all respect.

  • Project Start Date means the first Milestone Start Date specified in Schedule B;

  • Operating Period for any Element of the Project shall mean the period from (and including) the COD of such Element of the Project, up to (and including) the Expiry Date and for the Project, shall mean the period from (and including) the COD of the Project, up to (and including) the Expiry Date;

  • Guaranteed Commercial Operation Date has the meaning set forth in Section 3.9(c)(i).

  • Existing Term Loan has the meaning specified in Section 2.01(b).

  • Normal Operating Conditions means those Service conditions which are within the control of Grantee. Those conditions which are not within the control of Grantee include, but are not limited to, natural disasters, civil disturbances, power outages, telephone network outages, and severe or unusual weather conditions. Those conditions which are ordinarily within the control of Grantee include, but are not limited to, special promotions, pay-per-view events, rate increases, regular peak or seasonal demand periods, and maintenance or upgrade of the Cable System.

  • Normal operation means all periods of operation except start-up and shutdown operations and maintenance of equipment;

  • Start-up period means up to 7 Academy Financial Years and covers the period up to and including the first Academy Financial Year in which all age groups are present at the Academy (that is, all the pupil cohorts relevant to the age range of the Academy will have some pupils present).

  • Offering Termination Date means the last day of each March, June, September and December following an Offering Commencement Date, or such other Offering Termination Date established in connection with a Terminating Event.

  • Annual Operating Expenses for the Class means and will consist only of the following operating expenses of the Series for the Class that are, under generally accepted accounting principles, accruable and deductible from the Series’ assets with respect to the Class for the period involved: (i) investment advisory fees, if any; (ii) Rule 12b-1 distribution fees, if any; and (iii) custodian fees, shareholder servicing fees, administrative and office facilities expenses, professional fees, trustees’ fees and any other operating expenses of the Series with respect to the Class that are recorded or includable in the Series’ statement of operations in accordance with generally accepted accounting principles. Notwithstanding the provisions of the immediately preceding sentence, the Series’ “Annual Operating Expenses” for the Class do not include “acquired fund expenses”, interest and dividends on securities sold short, amortization of organization expenses, taxes, brokerage commissions, litigation and indemnification expenses or any costs or expenses of or for the Series with respect to the Class that are “extraordinary” as determined under generally accepted accounting principles (see Accounting Principles Board Opinion No. 30). Very truly yours, ROYCE & ASSOCIATES, LLC By: /s/ Xxxx X. Xxxxxxxxx Xxxx X. Xxxxxxxxx Chief Operating Officer ACCEPTED: THE ROYCE FUND By: /s/ Xxxx X. Xxxxxxxxx Xxxx X. Xxxxxxxxx Vice President The Royce Fund 000 Xxxxx Xxxxxx Xxx Xxxx, XX 00000 Re: Fee Waiver and Expense Reimbursement - Royce 100 Fund (Institutional Class) Gentlemen: Reference is made to the Investment Advisory Agreement dated June 30, 2003 (the “Agreement”) by and between The Royce Fund (the “Fund”) on behalf of Royce Heritage Fund (the “Series”) and Royce & Associates, LLC (the “Adviser”). Notwithstanding the provisions of Section 4 (Compensation of the Adviser) of the Agreement, the Adviser hereby waives compensation for services provided by it under the Agreement for the period beginning May 1, 2010 and ending April 30, 2011 (the “Period”), and/or agrees to reimburse expenses relating to the Period to the Series with respect to the Class in an amount, if any, necessary so that the Series’ “Annual Operating Expenses” for its Institutional Class of shares (the “Class”) are not more than 1.04% of the Class’ average net assets for the Period. The Adviser’s obligations to reimburse the Series with respect to the Class hereunder will not apply for any period when the Adviser is not rendering services to such Series under the Agreement.