Remaining Months definition

Remaining Months means the number of whole and partial months, expressed as a mixed number (whole number and fraction), remaining between the Services Termination Date and the last day of the Initial Term or Renewal Term, as applicable.
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Remaining Months has the meaning accorded such term in Section 4.01(b).
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Remaining Months means Total Months less Elapsed Calendar Months;
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Examples of Remaining Months in a sentence

  • Borrower shall maintain, at all times, Remaining Months Cash of greater than 2.0 to 1.0; provided, however, if Borrower secures a written and executed agreement from investors acceptable to Bank (and, for clarity, existing investors shall be deemed to be acceptable) to fund at Borrower’s demand at least $10,000,000 in new equity or subordinated debt, then Borrower shall maintain, at all times, Remaining Months Cash of greater than 0.50 to 1.0 for so long as such an agreement is in effect.

  • All calculations use natural rounding, except for Remaining Months to Maturity and Loan-to-Value attributes, meaning a value will be rounded up to the nearest integer when fractional values are greater than or equal to 0.5 and rounded down to the nearest integer when fractional values are less than 0.5. The Remaining Months to Maturity calculation always rounds up to the next whole integer.

  • Borrowers shall maintain, at all times, the Remaining Months Liquidity.

  • No Manager shall, by virtue of its or its Affiliates’ ownership of equity or other interests in the Company or acting in any capacity under any other agreement or arrangement with the Company or in connection with its other relationships with the Company, be deemed to have duties or responsibilities hereunder or be deemed to be held to a standard of care in connection with the performance of its duties hereunder, other than as expressly provided in this Agreement.

  • In no event shall the Company have any obligation to provide Fringe Benefits after the expiration of the lesser of 24 months or the number of Remaining Months.

  • Borrower will maintain, as of the last day of each month, at least six (6) Remaining Months Liquidity.

  • If a customer terminates service prior to 12 months, the termination charge is calculated as follows: Remaining Months x Recurring Charges for service and attendant lines Centrex service cannot be used to provide residence service for colleges, universities, and similar educational institutions.

  • Furthermore, if after falling out of compliance and entering into the aforementioned documents, Borrower achieves Remaining Months Liquidity of at least 10.00 to 1.00, Bank agrees to execute the necessary documents required to release such perfected first priority security interest on Borrower’s Intellectual Property.

  • The Remaining Months to Legal Maturity will equal 361 to account for the additional month prior to the first payment due date of the mortgage loan.2. if a borrower remits a curtailment prior to the first payment date, the Remaining Months to Maturity will take into account this curtailment.

  • Remaining Months Liquidity measured on a trailing 6 months bias 10.00 to 1.00 and Bank will release its perfected first priority security interest on Borrower’s Intellectual Property YES NO Please Enter Below Comments Regarding Violations: The Officer further acknowledges that at any time Borrower is not in compliance with all the terms set forth in the Agreement, including, without limitation, the financial covenants, no credit extensions will be made.


More Definitions of Remaining Months

Remaining Months means: (a) 84 months, if this Agreement is terminated on or before the 15th anniversary of the Opening Date or (b) 36 months, if this Agreement is terminated after the 15th anniversary of the Opening Date. Notwithstanding the immediately preceding sentence, the Remaining Months shall in no event exceed the number of months remaining in the Term, and the liquidated damages due under this Section 10(d)(2) shall not be less than $5,550,000.00 if the Agreement is terminated within the first 3 years following the Opening Date.
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Related to Remaining Months

  • Billing Month is defined in Section 9.1(b).

  • Showing Month shall be each day of each calendar month of the Delivery Period that is the subject of the Compliance Showing, as set forth in the CPUC Decisions and outlined in the CAISO Tariff. For illustrative purposes only, pursuant to the CAISO Tariff and CPUC Decisions in effect as of the Execution Date, the monthly Compliance Showing made in June is for the Showing Month of August.

  • Operating Month for a Shipper or Transferor means any calendar month in which Carrier either transports Crude Petroleum or recognizes and records a change in ownership of Crude Petroleum for the account of such Party. For purposes hereof the calendar month shall be deemed to begin at 7:00 a.m. (Central Time) on the first day of such month.

  • months shall be construed in accordance with Clause 1.3;

  • Remaining Life means, with respect to any Notes to be redeemed, the remaining term of such Notes, calculated as if the maturity date of such Notes were the Par Call Date.

  • Remaining Weighted Average Life of an Equipment Note, at the redemption date of such Equipment Note, means the number of days equal to the quotient obtained by dividing: (i) the sum of the products obtained by multiplying (A) the amount of each then remaining installment of principal, including the payment due on the maturity date of such Equipment Note, by (B) the number of days from and including the redemption date to but excluding the scheduled Payment Date of such principal installment by (ii) the then unpaid principal amount of such Equipment Note.

  • 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.

  • Month means calendar month.

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

  • Remaining Average Life means, with respect to any Called Principal, the number of years (calculated to the nearest one-twelfth year) obtained by dividing (i) such Called Principal into (ii) the sum of the products obtained by multiplying (a) the principal component of each Remaining Scheduled Payment with respect to such Called Principal by (b) the number of years (calculated to the nearest one-twelfth year) that will elapse between the Settlement Date with respect to such Called Principal and the scheduled due date of such Remaining Scheduled Payment.

  • Average monthly discharge limitation means the highest allowable average of "daily discharges" over a calendar month, calculated as the sum of all "daily discharges" measured during a calendar month divided by the number of "daily discharges" measured during that month. Compliance with fecal coliform bacteria or E coli bacteria limitations shall be determined using the geometric mean.

  • Payment month means, for all programs except EA, the calendar month for which benefits are issued.

  • Remaining Excess Spread With respect to any Distribution Date, the Excess Spread less any Extra Principal Distribution Amount, in each case for such Distribution Date.

  • Remaining Present Value means, as of any date with respect to any lease, the present value as of such date of the scheduled future lease payments with respect to such lease, determined with a discount rate equal to a market rate of interest for such lease reasonably determined at the time such lease was entered into.

  • Remaining Dollar-Years means the amount obtained by (1) multiplying the amount of each then-remaining principal payment on such Debt by the number of years (calculated at the nearest one-twelfth) that will elapse between the date of determination of the Weighted Average Life to Maturity of such Debt and the date of that required payment and (2) totaling all the products obtained in clause (1) above.

  • lump sum payment period means the period measured in weeks of salary, for which payment has been made to facilitate the transition to retirement or to other employment as a result of the implementation of various programs to reduce the size of the Public Service. The lump sum payment period does not include the period of severance pay, which is measured in a like manner.

  • A month means a month according to Gregorian calendar.

  • Minimum Monthly Payment for any Mortgage Loan and any month means the minimum amount required to be paid by the related mortgagor in that month.

  • 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.

  • First Anniversary means the first anniversary of the Closing Date.

  • Range During Month or "(RDM)" as a sample type means the lowest and the highest values of all of the monitoring data for the reporting month.

  • 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.

  • 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.

  • Fixed Rate Period Remaining Life means, with respect to any Debenture, the period from the Special Redemption Date for such Debenture to the Interest Payment Date in December 2010.

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

  • One year means 365 calendar days as required in federal regulations.