Operating Term means, with respect to any Hotel, the term of this Agreement as set forth in Section 2.01.

Operating Term means the Initial Term and any Renewal Term(s). “Operator” - shall have the meaning set forth in the preamble.

Operating Term means that period of time referred to in Section 3 hereof.

Examples of Operating Term in a sentence

This Agreement may be terminated by Lessee or Operator upon a change of control of Lessee (as defined below) during the Operating Term.
In reliance on the foregoing representations, Lessee hereby engages Operator to manage and operate the Hotels during the Operating Term and Operator agrees to manage and operate the Hotels during the Operating Term, in accordance with this Agreement.
During the Operating Term, Operator shall promptly deliver to Lessee copies of any deficiency notices or similar notices received from a Franchisor and any response thereto.
This Agreement may be terminated by Lessee upon a change of control of Operator (as defined below) during the Operating Term.
The amortization is based on a straight-line method as applied to the Operating Term.

More Definitions of Operating Term

Operating Term means the initial operating term referred to in Clause 5 and any extension thereof.

Operating Term means the “Term” as defined in the Venue License Agreement.

Operating Term means the term of this Agreement as set forth in Section 2.01 of this Agreement.

Operating Term means the Term and any extension thereof, as set forth in Article III.

Operating Term means the operating period of the Company as stipulated in Article 2 of this Charter, and extension (if any) passed by the resolution of the General Meeting of Shareholders.

Operating Term of this Lease shall commence upon the expiration of the Procurement and Construction Period and shall continue for a period of twenty-five (25) years less the time of the Procurement and Construction Period. Notwithstanding the foregoing, the Operating Term may be earlier terminated prior to the expiration of the Term in accordance with the terms of this AgreementLease.

Operating Term means the initial Operating Term and any extension thereof in accordance with Sections 3.01 and 3.02.