New Initial Term definition

New Initial Term shall have the meaning set forth in Section 10.1 of this Agreement.
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New Initial Term shall have the meaning set forth in Section 10.1 of this Agreement. 1.24“Non-Renewal Notice” shall have the meaning set forth in Section 10.1 of this Agreement. 1.25“Notice of Proposal to Negotiate” shall have the meaning set Forth in Section 10.5 of this Agreement. 1.26“Person” means any individual, corporation, partnership, joint venture, limited liability company, estate, trust, unincorporated association, any federal, state, county or municipal government or any bureau, department or agency thereof and any fiduciary acting in such capacity on behalf of any of the foregoing. 1.27“Real Estate Investment Trust” means a “real estate investment trust” as defined under the Code. 1.28“REIT” shall have the meaning set forth in the Preamble of this Agreement and shall include any subsidiary and any successor thereto. 1.29“REIT Provisions of the Code” means Sections 856 through 860 of the Code. 1.30“Renewal Term” shall have the meaning set forth in Section 10.1 of this Agreement. 1.31“Xxxxxx Xxxx” shall have the meaning set forth in Section 2.5 of this Agreement. 1.32“Sub-Management Agreement” shall have the meaning set forth in Section 2.5 of this Agreement. 1.33“Termination Fee” means an amount equal to the greater of (a) the Base Management Fee, calculated immediately prior to the effective date of the termination of this Agreement pursuant to Section 10.2, for the remainder of the then-current New Initial Term or Renewal Term and (b) three (3) times the Base Management Fee paid to the Manager in the preceding full twelve (12) months, calculated as of the effective date of the termination of this Agreement pursuant to Section 10.2. 2.
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Examples of New Initial Term in a sentence

  • Hereafter, the defined term “Term” shall include the New Initial Term and any applicable Extension Term.

  • In the event that the REIT and the Manager are unable to agree to the terms of the revised compensation to be payable to the Manager during such 45-day period, this Agreement shall terminate, such termination to be effective on the expiration of the New Initial Term or Renewal Term then in effect, as applicable.

  • After the New Initial Term, the REIT may terminate the agreement without Cause upon 180 days’ prior written notice to the Manager and subject to payment of the Termination Fee pursuant to Section 10.4 (except as otherwise provided in Section 13.1).

  • A Corporate Event during the New Initial Term or thereafter, which gives rise to or results in a termination of this Agreement or a material diminution of the Manager's duties or aggregate compensation (other than as voluntarily agreed by the Manager), shall be deemed a termination without Cause and subject to the payment of the Termination Fee pursuant to Section 10.4.

  • In the event of termination during year four of the New Initial Term, the Trust shall pay FIS the fees that would be earned by FIS for nine (9) months.

  • The New Initial Term, the Additional Extension Term are collectively referred to as the Term ("Term").

  • In the event of termination during the last year of the New Initial Term, the Trust shall pay FIS the fees that would be earned by FIS for six (6) months.

  • As of the 2016 Restatement Date, each New Initial Term Lender, to the extent not already a Lender, will become a Lender under the Amended Credit Agreement.

  • Accordingly, this test was used to examine the null hypothesis that indicates non-difference between the two groups as regards the impact of infographics on each variable of the two variables, namely, simplifying and attention to each College's sample.

  • The Lease will be automatically renewed for up to four (4) additional sixty (60) month terms (each an “Extension Term”) upon the same terms and conditions of the Lease, as amended herein, without further action by Lessee, unless Lessee notifies Lessor in writing of Lessee’s intention not to renew the Lease at least sixty (60) days prior to the expiration of the New Initial Term and the then current Extension Term.

Related to New Initial Term

  • Initial Term has the meaning set forth in Section 7.1.

  • Extended Term shall have the meaning given such term in Section 2.4.

  • Initial Contract Period means the period from the Commencement Date to the date of expiry set out in clause A2 (Initial Contract Period), or such earlier date of termination or partial termination of the agreement in accordance with the Law or the provisions of the Contract.

  • 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;

  • Original Term shall have the meaning specified in Section 10 hereof.

  • Renewal Term has the meaning set out in Section 9.1.

  • Development Term means the period commencing on the Closing Date and ending on the earlier of (a) the Option Closing Date or (b) the date the Option terminates or expires other than by exercise.

  • Agreement Term has the meaning set forth in Section 11.1.

  • Additional Term means that term commencing on the last day of the Basic Term and terminating one (1) year thereafter.

  • Contract Term means period of performance set forth in the paragraph entitled “Term” contained in Exhibit E.

  • Renewal Period “Buyer” and “Default” have the same meanings respectively as they have in the Water Agreement.

  • Exclusivity Period shall have the meaning set forth in Section 6.11.

  • Minimum Term means the minimum initial period of service for each Service as shown on the Service Agreement and Order Schedule, such period to start on the date on which the relevant Service is first made available to you for use. For the avoidance of doubt, unless otherwise agreed the minimum term will be 12 months from your contract commencement date or other such date as may be notified to you in accordance with paragraph 19.2.

  • Order Form Term means the duration of an Order Form.

  • Research Term has the meaning set forth in Section 3.2.

  • Base Term Commencing (i) with respect to the Original Premises on the Commencement Date, and (ii) with respect to the Expansion Premises on the Expansion Premises Commencement Date, and ending with respect to the entire Premises on September 15, 2016 (“Expiration Date”).”

  • Initial Term Facility means the Initial Term Loan Commitments and the Initial Term Loans made hereunder.

  • Extension Term means the time period defined in §2.C.

  • Period of Extended Hire means any additional period that the Hirer wishes the Agency Worker to be supplied for beyond the duration of the original Assignment or series of assignments as an alternative to paying a Transfer Fee;

  • Initial Term Loans means the term loans made by the Lenders on the Closing Date to the Borrower pursuant to Section 2.01(a).

  • Basic Term shall have the meaning specified in Section 2.2 of the Lease.

  • Extended Terms shall have the meaning given such term in Section 2.4.

  • Initial Term Loan Facility means the Initial Term Loan Commitments and the provisions herein related to the Initial Term Loans.

  • Renewal Terms means the renewal terms of a Property Schedule, each having a duration of one year and a term coextensive with Lessee's budget year.

  • Automatic Renewal Term has the meaning set forth in Section 10(a) hereof.

  • Initial Termination Date has the meaning set forth in Section 9.1(b)(i).