Long-term contracts definition

Long-term contracts means a contract with a duration period exceeding one Year;
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Long-term contracts means any Vehicle Contract with an original term that is greater than 42 months but less than or equal to 60 months.
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Long-term contracts means contracts covering a period in excess of one (1) year from the date of execution of the contract to the date on which the contract is finally completed and accepted.
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Examples of Long-term contracts in a sentence

  • Department's obligation to make payments hereunder shall be limited solely to the Fund and shall be payable as an operating expense of the Fund solely from Power Charges subject and subordinate to each Priority Long Term Power Contract in accordance with the priorities and limitations established with respect to the Fund’s operating expenses in any indenture providing for the issuance of Bonds and in the Rate Agreement and in the Priority Long Term Contracts.

  • The bidders will enter into separate Long- Term Contracts with each Distribution Company with which they contract.

  • Buyer's obligation to make payments hereunder shall be limited solely to the Fund and shall be payable as an operating expense of the Fund solely from Power Charges subject and subordinate to each Priority Long Term Power Contract in accordance with the priorities and limitations established with respect to the Fund’s operating expenses in any indenture providing for the issuance of Bonds and in the Rate Agreement and in the Priority Long Term Contracts.

  • Petition of NSTAR Electric Company d/b/a Eversource Energy for Approval of Proposed Long Term Contracts for Clean Energy Projects Pursuant to Section 83D of An Act Relative to Green Communities, St. 2008, c.

  • Table 5: Most Important Lessees of the Shopping Mall via Long Term Contracts: Trade name Most Important Conditions set out in the Shopping Mall’s Administrative and Operational AgreementAlAndalus Property Company provides administrative, lease and operational services to AlAndalus Mall.

  • Overall, 26% less LNG was imported into the EU in the second half of 2011 compared to the first half of 2011, in contrast to a rise in imports between the first and second halves of the previous year Another key issue in EU gas markets in 2011 was the continued increases in oil-indexed prices of Long Term Contracts (LTC) for gas.

  • Sellers of Long Term Contracts, 103 FERC¶ 61,354, at 62,418 (2003); Nev.

  • Long Term Contracts are accounted for on the basis of charging the Surplus or Deficit on the Provision of Services with the value of works and services received under the contract during the financial year.

  • Party B's obligation to make payments hereunder shall be limited solely to the Fund and shall be payable as an operating expense of the Fund solely from Power Charges subject and subordinate to each Priority Long Term Power Contract in accordance with the priorities and limitations established with respect to the Fund’s operating expenses in any indenture providing for the issuance of Bonds and in the Rate Agreement and in the Priority Long Term Contracts.

  • The Council has entered into a number of Long Term Contracts, committing itself to revenue expenditure over future years.


More Definitions of Long-term contracts

Long-term contracts any gas sales agreement, marketing agreement or any other agreement for a term of not less than twelve (12) months, entered into by any of the Obligors for the sale of oil and gas produced from the Borrowing Base Assets;
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Long-term contracts appearing in Section 1.1 of the Loan Agreement shall be amended and restated to read in their entirety as follows:
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Long-term contracts means contracts for 10 years or more.
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Long-term contracts means contracts for 25 years or more.
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Related to Long-term contracts

  • Long-term contract means a contract with a duration period exceeding one year;

  • Long-term care facility means a nursing home, retirement care, mental care, or other facility or institution that provides extended health care to resident patients.

  • Long-term care means those activities taken by a host state after a compact facility is permanently closed to ensure the protection of air, land, and water resources and the health and safety of all people who may be affected by the compact facility.

  • Long-term care services means services provided through the department of social and health services either in a hospital or skilled nursing facility, or in another setting under a home and community-based waiver authorized under 42 U.S.C. Sec. 1396n.

  • Qualified long-term care services means services that meet the requirements of Section 7702(c)(1) of the Internal Revenue Code of 1986, as amended, as follows: necessary diagnostic, preventive, therapeutic, curative, treatment, mitigation and rehabilitative services, and maintenance or personal care services which are required by a chronically ill individual, and are provided pursuant to a plan of care prescribed by a licensed health care practitioner.

  • Long-term inpatient care means inpatient services for

  • Term contract means contracts established by the chief procurement officer for specific supplies, services, or information technology for a specified time and for which it is mandatory that all governmental bodies procure their requirements during its term. As provided in the solicitation, if a public procurement unit is offered the same supplies, services, or information technology at a price that is at least ten percent less than the term contract price, it may purchase from the vendor offering the lower price after first offering the vendor holding the term contract the option to meet the lower price. The solicitation used to establish the term contract must specify contract terms applicable to a purchase from the vendor offering the lower price. If the vendor holding the term contract meets the lower price, then the governmental body shall purchase from the contract vendor. All decisions to purchase from the vendor offering the lower price must be documented by the procurement officer in sufficient detail to satisfy the requirements of an external audit. A term contract may be a multi‑term contract as provided in Section 11‑35‑2030.

  • Supply Contracts means contracts having as their object the purchase, lease, rental or hire-purchase, with or without an option to buy, of products. A supply contract may include, as an incidental matter, siting and installation operations;

  • Long-Term Debt means debt repayable over a period exceeding one year;

  • Long-term care insurance means group insurance that is authorized by the retirement system for retirants, retirement allowance beneficiaries, and health insurance dependents, as that term is defined in section 91, to cover the costs of services provided to retirants, retirement allowance beneficiaries, and health insurance dependents, from nursing homes, assisted living facilities, home health care providers, adult day care providers, and other similar service providers.

  • Long-Term Indebtedness means any Indebtedness that, in accordance with GAAP, constitutes (or, when incurred, constituted) a long-term liability.

  • sub-contract means the primary contractor’s assigning, leasing, making out work to, or employing, another person to support such primary contractor in the execution of part of a project in terms of the contract;

  • long term specified asset means any bond, redeemable after three years and issued on or after the 1st day of April 2006:

  • income-related employment and support allowance means an income-related allowance under Part 1 of the Welfare Reform Act 2007;