Initial license means the first permanent license granted to a qualified individual.
Original license means a motor vehicle dealer license issued to an applicant who has never been
Occupational license means a certificate, registration, or license issued by a state department, bureau, or agency that has regulatory authority over an individual that allows an individual to legally engage in a regulated occupation or that allows the individual to use a specific title in the practice of an occupation, profession, or vocation.
Extension Term means the time period defined in §2.C.
Renewal Term has the meaning set forth in Section 2.
Renewal Period “Buyer” and “Default” have the same meanings respectively as they have in the Water Agreement.