Phase I Period definition

Phase I Period means the period from the Delivery Date until the end of the first calendar month in which Cumulative Payout is greater than or equal to zero; provided, that in the event Cumulative Payout is greater than or equal to zero as a result of a sale of property or other similar transaction occurring at a point in time during any calendar month, the Phase I Period shall be deemed to have expired as of such point in time and with respect to all amounts in excess of the amount required to cause the Cumulative Payout to be greater than or equal to zero.
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Phase I Period means the period of time commencing with the Execution Date and ending on the earlier of (a) June 30, 2015, or (b) the date on which Stratex Completes the required Phase I Operations in the last Phase I Well required hereunder.
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Phase I Period shall have the meaning given to such term in Section 5.01.
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Examples of Phase I Period in a sentence

  • Unless earlier terminated as provided herein, this Agreement shall remain in full force and effect until the expiration of the Phase I Period.

  • Without limiting the foregoing, during the Phase I Period, no Party shall be entitled to propose, under the Operating Agreement, the drilling of a new well on the Development Area or the performance of any other operation in any Phase I Well or any other existing Hydrocarbon well located on the Development Area, it being the intention of the Parties that, during the Phase I Period, the Phase I Operations shall be the only Hydrocarbon operations to be conducted by the Parties in and on the Development Area.

  • During the Phase I Period, all Phase I Operations shall be governed by the terms of this Agreement, except to the extent that this Agreement does not specifically address an issue relating to the Phase I Operations, in which case the applicable terms of the Operating Agreement shall govern.

  • During the Phase I Period, each Distributor hereby appoints and designates B.Biologicals as its exclusive supplier of Products in the Territory for the Term.

  • Grantee shall be solely responsible for all emergency, supplemental or back-up power systems (“Back-Up Power”) for use in the Grantee Space, except, during the Phase I Period, the Phase II Period and the Phase III Period, as expressly set forth in Item 3 of Exhibit “F-I”, Exhibit “F-II”, and Exhibit “F-III”, respectively.

  • During the Phase I Period, representatives of Newco and B.Biologicals an Distributor country managers, as required, shall meet quarterly to review the actual results and business development trends, pricing and key customer issues and sales by customer in the relevant markets for each Distributor.

  • The Members also agree to make Capital Contributions during the Phase I Period and Phase II Period up to the amounts set forth for each Member on Annex III, in each case subject to the terms and conditions of this Section 5.1. The Members will work in good faith during the development of the Construction Plan and Construction Budget to agree to the Capital Contributions to be listed on Annex III for the Phase I Period and the Phase II Period.

  • Tenant's Basic Rent as scheduled in Lease Paragraph 4 ("Rent") does not include a Basic Rent charge for said Dock Area, therefore Tenant's Basic Rent shall not be reduced at the expiration of the Phase I Period.

  • However Tenant shall be responsible during the Phase I Period for paying all Additional Rent costs related to the Dock Area.

  • The provisions of this Article VI shall automatically apply with effect from the end of the Phase I Period (the “Phase II Period”).


More Definitions of Phase I Period

Phase I Period means the period from the Delivery Date until the end of the first calendar month in which Cumulative Payout No. 1 is greater than or equal to zero; provided, that in the event Cumulative Payout No. 1 is greater than or equal to zero as a result of a sale of property or other similar transaction occurring at a point in time during any calendar month, the Phase I Period shall be deemed to have expired as of such point in time and with respect to all amounts in excess of the amount required to cause the Cumulative Payout No. 1 to be greater than or equal to zero.
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Phase I Period means the period of time from the date of this Agreement through the PSH Formation Date.
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Phase I Period. Subject to the terms of Exhibit “L”, during the Phase I Period, the “Pathway” shall consist of all conduits, cables, and fibers connecting the IDFs in Conditioned Space-A (as set forth on Exhibit “A”) to the Carrier Room Area as of the Commencement Date (the “Phase I Pathways”). Grantor agrees to provide Grantee with a complete description of the Phase I Pathways (the “PI Pathway Description”) on or before the Commencement Date. Grantor and Grantee hereby agree that, upon Grantor’s delivery of notice of the PI Pathway Description to Grantee, the PI Pathway Description shall, at such point, be deemed to represent a complete and conclusive description of the Phase I Pathways.
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Phase I Period means the period from the Effective Date through Phase I Evaluation Date.
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Related to Phase I Period

  • Completion Period means the period starting from the date of issue of "Order" and required to complete the work in all respect.

  • Production Period is the period that for winter cereal advances commences October 1, 2021 and terminates September 30, 2023; for advances on all other field crops, honey, hogs, goats, sheep and lambs commences April 1, 2022 and terminates September 30, 2023; and for advances on cattle, continuous flow cattle, and bison commences on April 1, 2022 and terminates on March 31, 2024.

  • project completion period means the period of sixty (60) months commencing from and expiring on for the construction and obtaining of Temporary Occupation Permit or Permits for the whole of the Development as provided in clause 3.3;

  • Peak Period means the time between 6 a.m. and 10 p.m. (April through September) or between 7 a.m. and 11 p.m. (October through March) on all days except Saturdays and Sundays, which daily time period will be subject to change from time to time at the Company's option. This change would occur after no less than ten (10) days notice has been given to all Customers who would be affected, and to the Commission.

  • Ramp Period The Ramp Period shall begin on the Effective Date and continue for a period of 3 months following the Effective Date. Commencing with the Effective Date and at all times during the Ramp Period thereafter, Customer will receive the rates, discounts, charges and credits set forth herein and will not be subject to the AVC. Annual Volume Commitment (“AVC”): $360,000 in Total Service Charges (“AVC”) during each contract year of the Term (following the expiration of the Ramp Period).

  • PEA Period means the period commencing at 9:30 a.m., Eastern time, on the fifth (5th) Business Day immediately prior to the filing of any post-effective amendment to the Registration Statement (as defined herein) or New Registration Statement (as such term is defined in the Registration Rights Agreement), and ending at 9:30 a.m., Eastern time, on the Business Day immediately following, the effective date of any post-effective amendment to the Registration Statement (as defined herein) or New Registration Statement (as such term is defined in the Registration Rights Agreement).

  • Development Period means the period from the date of this Agreement until the Appointed Date;

  • Start-up Period means up to 7 Academy Financial Years and covers the period up to and including the first Academy Financial Year in which all age groups are present at the Academy (that is, all the pupil cohorts relevant to the age range of the Academy will have some pupils present).

  • Operation Period means the period commencing from COD and ending on the Transfer Date;

  • Phase I Study means a study in humans which provides for the first introduction into humans of a product, conducted in healthy volunteers or patients to obtain information on product safety, tolerability, pharmacological activity or pharmacokinetics, as more fully defined in 21 C.F.R. § 312.21(a) (or the non-United States equivalent thereof).

  • Exploration Period means the period mentioned in Article 3 during which Exploration Operations may be carried out by the Contractor as provided in Article 3 hereof.

  • Contract Transition Period means the 90 day transition as defined in Section F of this Contract.

  • Acquisition Period means any period commencing on the date that a Material Acquisition is consummated through and including the last day of the second full fiscal quarter following the date on which such acquisition is consummated; provided that there shall be at least one full fiscal quarter between any two Acquisition Periods.

  • Opt-Out Period means the period that begins the day after the earliest date on which the Notice is first distributed, and that ends no later than 30 days before the Final Approval Hearing. The deadline for the Opt-Out Period shall be specified in the Notice.

  • Project Year means the 12 month period beginning from the Effective Date and ending 12 months thereafter and each successive 12 month period following thereafter;

  • Work period means the period specified in a Plan when an employee is at work.

  • Second Extension Period means a period of twelve (12) consecutive months following the First Extended Maturity Date.

  • Promotion Period means the period the Promotion is open, as specified in clause 5.1.

  • Operating Period for any Element of the Project shall mean the period from (and including) the COD of such Element of the Project, up to (and including) the Expiry Date and for the Project, shall mean the period from (and including) the COD of the Project, up to (and including) the Expiry Date;

  • Ramp-Up Period means the period from and including the Effective Date to, but excluding, September 23, 2016.

  • Initial Period means the period from (and including) the Issue Date to (but excluding) the First Call Date;

  • Project Commencement Date means the commencement date notified to the Minister pursuant to clause 4(1);

  • Evaluation Period bears the meaning ascribed thereto in Section 7.4(d)(i);

  • Phase II Study means a human clinical trial, for which the primary endpoints include a determination of dose ranges and/or a preliminary determination of efficacy in patients being studied as described in 21 C.F.R. § 312.21(b) (FDCA), as amended from time to time, and the foreign equivalent thereof.

  • First Extension Period means a period of twelve (12) consecutive months following the Initial Maturity Date.

  • Remediation Period has the meaning specified in Section 8.2(a);