Prepaid Period definition

Prepaid Period means a period of one (1) calendar year during which the Sublicensee obtains the right to use all the Next Versions of Team Software within the Territory pursuant to this Agreement. The first Prepaid Period is calculated from the date of prepayment of the amount equal to the Fee by the Sublicensee. Each subsequent Prepaid Period is calculated from the end of the previous Prepaid Period regardless of the date of payment of the Fee, except in the case where one (1) year has lapsed since the end of the previous Prepaid Period. In such a case, the next Prepaid Period will start from the prepayment of the Fee by the Sublicensee to the Sublicensor for the use of the Next Versions of Team Software released within the new Prepaid Period.
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Prepaid Period means each period from and including a day on which the Swap Counterparty pays a Prepayment Amount to the Issuer to but excluding the next following Party A Payment Date. Custodian Rating Downgrade: (D) If at any time when the Notes areoutstanding (i) the short term credit rating of the Custodian falls below “A- 1+” by S&P or “P-1” by Moody’s or (ii), the long term credit rating of the Custodian falls below A1 by Moody’s (each a “Custodian Rating Downgrade”) then no later than 30 calendar days after the occurrence of such Custodian Rating Downgrade the Custodian shall novate at the expense of the Custodian all (and not some only) of its rights and obligations under the Agency Agreement to any other entity with a short term credit rating of at least “A- 1+” by S&P or “P-1” by Moody’s and a long term credit rating of at least “A1” by Moody’s. Deposit Bank Rating Downgrade: (E) If (i) at any time when the Notes areoutstanding, the long term credit rating of the Deposit Bank falls below “AA-” by S&P or ”Aa3” by Moody’s (a “Deposit Bank Rating Downgrade”) then no later than 14 calendar days after the occurrence of such Deposit Bank Rating Downgrade the Issuer shall instruct the Custodian to, and the Custodian shall, move the Deposit Account to a new Deposit Bank with a long term credit rating not lower than “AA-” by S&P or “Aa3” by Moody’s on terms that the Collateral Balance shall earn interest in respectof each Interest Period at such rate or rates (each such rate in respect of an Interest Period, a “Deposit Rate”) as may be determined from time to time by the Deposit Bank and any interest accrued on the Collateral Balance shall be paid to the Swap Counterparty under the Asset Swap. Subject to any such application by the Custodian, the Issuer and the Custodian will procure that funds credited to the Deposit Account from time to time (including capitalised interest) shall be debited from the Deposit Account on or before the Maturity Date or other date for redemption of the Notes to be applied by the Issuer in connection with such redemption, as specified in the Trust Instrument. Swap Counterparty: Deutsche Bank AG, acting through its London branch. In its capacity as Swap Counterparty, Deutsche Bank AG, acting through its London branch is also designated as the calculation agent (the “Swap Calculation Agent”) for the purpose of the Swap Agreement. Any determination by the Swap Calculation Agent shall be made in accordance with the terms of the Swap Agreement a...
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Prepaid Period in respect of a licence or service charge means the period in respect of which the Customer is required to pay in advance.
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Examples of Prepaid Period in a sentence

  • Fujitsu may increase charges for Software licences or Services (other than those for which the Customer has paid in advance during any Prepaid Period) by giving the Customer ninety (90) days’ notice.

  • Such licence will continue to be renewed automatically for each subsequent Prepaid Period unless terminated by the Customer by giving Fujitsu ninety (90) days’ notice prior to the expiry of a Prepaid Period.

  • Where a periodic licence charge is indicated in a Schedule, the licence granted in Clause 4.3 is granted only for the Prepaid Period.

  • The termination of the Agreement takes effect at the end of the current Prepaid Period as defined in Section 6.1 above and no prepaid fees by Customer will be refunded.

  • Licenses are issued to expire at the end of the current Prepaid Period as defined in Section 6.1. Customer may check the date of expiration of the license at castLabs download portal and shall notify castLabs, if the date of expiration shall be extended.

  • If Customer chooses a discount option for prepayment in the Order Form, the Prepaid Period is the period chosen as a discount option.

  • For purposes of such prorating, TVA shall apply a factor equal to X/10, where X is equal to the then-remaining number of full or partial years in the Prepaid Period.

  • Maintenance and support fees are due for oneyear in advance ("Prepaid Period") and 30 (thirty) days before the Maintenance and Support Start Date or any anniversary of it until termination of the Agreement pursuant to these GTC.

  • For purposes of such prorating, TVA shall apply a factor equal to X/15, where X is equal to the then-remaining number of full or partial years in the Prepaid Period.

  • Where a periodic license charge is indicated in the Quotation, the Software Licence granted in clause 4.4 is granted only for the Prepaid Period.


More Definitions of Prepaid Period

Prepaid Period means each period from and including a day on which the Swap Counterparty pays a Prepayment Amount to the Issuer to but excluding the next following Party A Payment Date.
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Prepaid Period means the wholesale billing month in which the Effective Date occurs plus the next 179 wholesale billing months thereafter.
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Related to Prepaid Period

  • Extended Period As defined in Section 9.04(b).

  • Specified Period means the period beginning on the commencement date and terminating in accordance with section 72(6) of the Act;

  • Prepaid Monthly Payment Any Monthly Payment received prior to its scheduled Due Date, which is intended to be applied to a Mortgage Loan on its scheduled Due Date and held in the related Custodial Account for P&I until the Withdrawal Date following its scheduled Due Date.

  • Mid-Month Receipt Period With respect to each Distribution Date, the one month period beginning on the Determination Date (or, in the case of the first Distribution Date, from and including the Cut-Off-Date) occurring in the calendar month preceding the month in which such Distribution Date occurs and ending on the day preceding the Determination Date immediately preceding such Distribution Date.

  • Auction Period means the dates during which the Test the Waters Auction is held and ending on the last day of the Test the Waters Auction.

  • Fixed Period means, with respect to any Receivable Interest:

  • Remaining Amortization Period means, at any point in time, the number of consecutive calendar months equal to the number of months in the Amortization Period minus the number of scheduled monthly installments of principal and interest that have elapsed since the date of this Note.

  • Interest Period End Date means the date or dates specified as such in, or determined in accordance with the provisions of, the Final Terms and, if an Applicable Business Day Convention is specified in the Final Terms, as the same may be adjusted in accordance with the Applicable Business Day Convention or, if the Applicable Business Day Convention is the FRN Convention and an interval of a number of calendar months is specified in the Final Terms as the Interest Accrual Period, such dates as may occur in accordance with the FRN Convention at such specified period of calendar months following the Interest Commencement Date (in the case of the first Interest Period End Date) or the previous Interest Period End Date (in any other case) or, if none of the foregoing is specified in the Final Terms, means the date or each of the dates which correspond with the Interest Payment Date(s) in respect of the Instruments.

  • Peak Period means the time between 6 a.m. and 10 p.m. (April through September) or between 7a.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.

  • Prior Month Receipt Period With respect to each Distribution Date, the calendar month preceding the month in which such Distribution Date occurs.

  • Closed Period means (i) ten quotation days preceding and three quotation days following the disclosure to the public of the consolidated financial statements or annual statement of the Company; or (ii) the period as from the date the corporate management possesses material information which could, if disclosed to the public, significantly impact the quotation of the Shares of the Company, until ten quotation days after the day such information is disclosed to the public.

  • Accumulation Period Amount means $41,666,666.67; provided, however, if the Accumulation Period Length is determined to be less than twelve (12) months pursuant to Section 3.10(b)(ii) of the Indenture Supplement, the Accumulation Period Amount shall be the amount specified in the definition of “Accumulation Period Amount” in the Indenture Supplement.

  • prescribed period means 14 days;

  • Payoff Period For the first Distribution Date, the period from the Cut-Off Date through November 14, 2005, inclusive; and for any Distribution Date thereafter, the period from the 15th day of the Prior Period through the 14th day of the month of such Distribution Date, inclusive.

  • Buydown Period The period of time when a Buydown Agreement is in effect with respect to a related Buydown Mortgage Loan.

  • Prepayment Period With respect to any Distribution Date, the calendar month preceding the calendar month in which such Distribution Date occurs.

  • Three-Year Period means, with respect to a Restatement, the three completed fiscal years immediately preceding the date that the Board, a committee of the Board, or the officer or officers of the Company authorized to take such action if Board action is not required, concludes, or reasonably should have concluded, that the Company is required to prepare such Restatement, or, if earlier, the date on which a court, regulator or other legally authorized body directs the Company to prepare such Restatement. The “Three-Year Period” also includes any transition period (that results from a change in the Company’s fiscal year) within or immediately following the three completed fiscal years identified in the preceding sentence. However, a transition period between the last day of the Company’s previous fiscal year end and the first day of its new fiscal year that comprises a period of nine to 12 months shall be deemed a completed fiscal year.

  • Coupon Period means the period commencing on (and including) the Issue Date and ending on (but excluding) the first Coupon Payment Date and each successive period commencing on (and including) a Coupon Payment Date and ending on (but excluding) the next succeeding Coupon Payment Date;

  • Second Period The period of the Contract Term specified in Section 3.2.

  • Interest Period Date means each Interest Payment Date unless otherwise specified hereon.

  • Wind-Down Period has the meaning set forth in Section 10.6(c).

  • Grace Period Business Day means a day on which commercial banks and foreign exchange markets are generally open to settle payments in the place or places and on the days specified for that purpose in the relevant Obligation and if a place or places are not so specified, in the jurisdiction of the Obligation Currency.

  • Subsequent Rate Period means, with respect to any Series of RVMTP Shares, the period consisting of seven calendar days, but adjusted in each case to reflect any changes when the regular calendar day that is a Rate Determination Date is not a Business Day, from, and including, the first calendar day following the Initial Rate Period of such Series to, and including, the next Rate Determination Date for such Series and any period thereafter from, and including, the first calendar day following a Rate Determination Date for shares of such Series to, and including, the next succeeding Rate Determination Date for shares of such Series.

  • Regular Period means each period from (and including) the Issue Date or any Interest Payment Date to (but excluding) the next Interest Payment Date.

  • Period End Date The 15th day of each calendar month, with Adjustment. Fixed Rate: [ ]%. Fixed Rate Day Count Fraction: 30/360. Floating Amounts: Floating Rate Payer: [ ]. Floating Rate Payer Payment Dates: The 15th day of each calendar month commencing on [ ], subject to adjustment in accordance with the Following Business Day Convention.

  • Index Business Day means, in respect of an Index, any day on which the Index Sponsor in respect of such Index is scheduled to publish the level of the Index.