Low Season definition

Low Season means for any period of determination of any Borrowing Base, any period identified by an appraiser selected and engaged by the Administrative Agent as a low selling period or similar term in the most recent appraisal ordered by the Administrative Agent.

Low Season means the six fiscal month period of each Fiscal Year starting on the first day of the fiscal month beginning in April of such Fiscal Year.

Low Season means, for any period of determination of any Borrowing Base, (i) with respect to Retail Inventory, the period commencing the first day of December and ending the last day of the July of the following calendar year and (ii) with respect to Wholesale Inventory, the period commencing the first day of the November fiscal month of the Company of each year and ending the last day of the July fiscal month of the Company of the following year; provided that the definition of “Low Season” may be adjusted by the Administrative Agent at any time to reflect any comparable change set forth in the latest inventory appraisal delivered to the Administrative Agent pursuant to the terms hereof.

Examples of Low Season in a sentence

• For Low Season reservation cancellations, cancellation must be received at least 30 days in advance of your stay for a full refund minus a cancellation fee.

• For Low Season reservation cancellations , cancellation must be received at least 30 days in advance of your stay for a full refund minus a cancellation fee.

• Kilowatt-hour Price Season, TOU is the energy price specified by season (High Season and Low Season) and time-of-use periods (High Peak Period, Low Peak Period, and Base Period).

• There will be no charge to the Owner if they have NOT exceeded their 35 night High Season / 65 night Low Season stays for staying in their residence or another like-type another residence.

• If a Residence Owner requests to stay in his/her Residence, and the Hotel Operator is unable to relocate the reserved party, the Residence Owner will be permitted to occupy another residence in the Rental Program (up to one category higher and subject to availability) at a discounted rate off the then published standard rates (15% High Season – 20% Low Season).

More Definitions of Low Season

Low Season means that part of the year not included in the High Season;

Low Season means, for any period of determination of any Borrowing Base, (i) with respect to Retail Inventory, the period commencing the first day of each fiscal year of the Company and ending the last day of the August fiscal month of the Company of such year and (ii) with respect to Wholesale Inventory, the period commencing the first day of the November fiscal month of the Company of each year and ending the last day of the July fiscal month of the Company of the following year.

Low Season means the calendar months of January, February, July and August;

Low Season means, for any period of determination of the Borrowing Base with respect to Eligible Inventory, (a) the period commencing January 1 of each year and ending March 31 of such year and (b) such other periods that have been approved by the Administrative Agent and are identified as the "low season" in the most recent appraisal delivered from the time pursuant to this Agreement.

Low Season means all other times.

Low Season means for any period of determination of any applicable portion of the Inventory Formula Amount in the Borrowing Base, the period of months identified as a low selling period or similar term in the most recent inventory appraisal delivered to Lender in accordance with the terms of this Agreement.

Low Season means weeks numbered 1 through 15, 18 and 19 and 45 through 50, inclusive, as reflected on Exhibit B and C to the Declaration of Restrictions.