Secondary Period definition

Secondary Period means the period for which the Lease Period is extended in accordance with clause 3.2;

Secondary Period has the meaning given in Clause 1.3.2;

Secondary Period means each period for which the leasing of the Vessel under this Agreement is extended in accordance with Clause 6.2;

Examples of Secondary Period in a sentence

• During the Primary Period the Lessee shall pay instalments of Primary Rental to the Lessor on each Primary Rental Date and, where applicable, during the Secondary Period instalments of Secondary Rental for the Ship and, throughout the Lease Period, any other Rental in each such case in the amounts, at the times and in the manner provided in the Financial Schedule.

• If the Registration Statement has not been declared effective at or prior to the end of the Secondary Period, the Share Amount will bear interest from the end of the Secondary Period until the date the Registration Statement is declared effective for the actual number of days elapsed at the per annum rate of twenty percent (20%).

• In respect of the Secondary Period the Lessee shall on the first day following the Primary Period End Date and on each anniversary thereof during the Secondary Period pay to the Lessor a Rental ("Secondary Rental") annually in advance equal to zero point one per cent (0.1%) of the Ship Cost.

• If during any portion of the Initial Period, Transwestern’s applicable fuel rate is lowered to 3.2% or less, then the discounted reservation rate shall be increased to 30 cents per MMBtu per day • For the Secondary Period of November 1, 2006 through March 31, 2009 under the first New TSA and November 1, 2006 through March 31, 2011 under the second New TSA, 30 cents per MMBtu per day, at an applicable fuel rate of not more than 3.2% to be effective on or before November 1, 2006.

• If the Registration Statement has not been declared effective at or prior to the end of the Initial Period, the Share Amount will bear interest from the end of the Initial Period until the earlier of the date the Registration Statement is declared effective or the end of one hundred eighty (180) days after the Closing Date (the "Secondary Period") for the actual number of days elapsed at the per annum rate of eighteen percent (18%).

More Definitions of Secondary Period

Secondary Period means the period commencing upon the delivery by Acquiror to the Company of a Secondary Period Election Notice (the date on which such notice is delivered, the “Secondary Period Commencement Date”) and ending upon the earlier of (a) the Effective Time or (b) any termination of this Agreement in accordance with Section 7.3.

Secondary Period means the period from the CPC Pipeline Operational Date to the date of termination of this Contract (inclusive).

Secondary Period means, in relation to each Headlease and Sublease, the secondary period as defined in the respective Headlease and Sublease;

Secondary Period means the secondary period of leasing commencing on the expiry of the Primary Period and referred to in clause 2.5. below.

Secondary Period means the period from immediately after the Mid-Point to the RSA Deadline.Scheme Sanction” means the date of the delivery of a copy of the order of the relevant Court sanctioning the Scheme to the registrar of companies in each of the Cayman Islands and Hong Kong, and (to the extent a scheme of arrangement is being effected in the English courts) to the registrar of companies in England & Wales.

Secondary Period means in respect of each item of Railtrack Equipment and Spares:

Secondary Period any period starting at the same time as the secondary period under the Charter (therein defined as the "Secondary Period") and, subject to the terms of this Master Agreement and the Charter, coterminous with such secondary period