Subsequent Renewal Term definition

Subsequent Renewal Term has the meaning assigned to such term in Section 9.1.
Subsequent Renewal Term has the meaning set forth in Section 16.1.
Subsequent Renewal Term means a renewal of the term of this MOU as described in Section 6.01.

Examples of Subsequent Renewal Term in a sentence

  • Upon completion of the Initial Term, this Agreement shall thereafter automatically renew for additional 12-month periods (each, a “Subsequent Renewal Term”), unless sooner terminated in accordance with this Agreement or written notice is given by one party to the other at least 90 days prior to the expiration of the Initial Term or any Subsequent Renewal Term, as applicable.

  • Upon completion of the Initial Renewal Term, this Agreement shall thereafter automatically renew for additional 12 month periods (each, a "Subsequent Renewal Term"), unless sooner terminated in accordance with this Agreement or written notice is given by one party to the other at least 90 days prior to the expiration of the Initial Renewal Term or any Subsequent Renewal Term, as applicable.

  • The Initial Term, Initial Renewal Term and any Subsequent Renewal Term are herein collectively referred to as the "Employment Period." Where the context permits, all references to the Company shall include an affiliate of the Company by which the Executive is employed.

  • The Initial Term and any Subsequent Renewal Term are herein collectively referred to as the “Employment Period.” Where the context permits, all references to the Company shall include an affiliate of the Company by which the Executive is employed.

  • The date on which the Employment Period is scheduled to expire, ------------ whether at the end of the Initial Term, the Initial Renewal Term or a Subsequent Renewal Term, if any, is called the "Scheduled Expiration Date" herein.

  • The Rent payable during any Subsequent Renewal Term shall be equal to the average of the Rent payable during the twelve (12) month period immediately preceding such Subsequent Renewal Term until the Fair Market Rental Value is determined, at which time the prior Rent payments shall be adjusted to take into account such determination.

  • Rent payable during any Subsequent Renewal Term shall be the Fair Market Rental Value for the Equipment as determined below.

  • Rent payable during any 2017 Lease Subsequent Renewal Term shall be the Fair Market Rental Value for the Equipment leased under such 2017 Lease, as determined below.

  • The Fixed Renewal Term will commence at the end of the Basic Term and a Subsequent Renewal Term will commence at the end of the Fixed Renewal Term or the preceding Subsequent Renewal Term, as the case may be.

  • The rental payable per annum during any Subsequent Renewal Term shall be the then Fair Market Rental Value for the Aircraft.


More Definitions of Subsequent Renewal Term

Subsequent Renewal Term each term (if any) for which the Lease is extended by Lessee after the second Fixed Renewal Term.
Subsequent Renewal Term means as defined in Section 4.01.
Subsequent Renewal Term has the meaning given to such term in Section 13(a) of the Lease.
Subsequent Renewal Term shall have the meaning set forth in Section 10(a).
Subsequent Renewal Term has the meaning given to such term in Section ----------------------- 13

Related to Subsequent Renewal Term

  • Renewal Term has the meaning set out in Section 9.1.

  • Renewal Period “Buyer” and “Default” have the same meanings respectively as they have in the Water Agreement.

  • Automatic Renewal Term has the meaning set forth in Section 10(a) hereof.

  • Initial Term has the meaning set forth in Section 7.1.

  • Extension Term means the time period defined in §2.C.

  • Renewal Terms means the renewal terms of a Property Schedule, each having a duration of one year and a term coextensive with Lessee's budget year.

  • Extended Term shall have the meaning given such term in Section 2.4.

  • Annual Renewal Date means the date in any calendar year, subsequent to the year in which the Policy comes into effect, corresponding numerically with the Policy Commencement date in that subsequent year.

  • Original Term shall have the meaning specified in Section 10 hereof.

  • Additional Term means that term commencing on the last day of the Basic Term and terminating one (1) year thereafter.

  • Rental Period means the calendar period during which Government property is made available for nongovernmental purposes.

  • First Extension Period means the period of one (1) Contract Year commencing immediately after the conclusion of the Initial Exploration Period.

  • Base Term Commencing (i) with respect to the Original Premises on the Commencement Date, and (ii) with respect to the Expansion Premises on the Expansion Premises Commencement Date, and ending with respect to the entire Premises on September 15, 2016 (“Expiration Date”).”

  • Second Extension Period means the period of one (1) Contract Year commencing immediately after the end of the First Extension Period.

  • Renewal Date means the effective date of Renewal. The first Renewal Date shall be the date as specified in the Policy Schedule (which shall not be later than the first anniversary of the Policy Effective Date) and the subsequent Renewal Date(s) shall be the anniversary(ies) of the first Renewal Date. The relevant Renewal Date shall be specified in the notification of Renewal in accordance with Section 3 of Part 4.

  • 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.

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

  • Option Term means a period, if any, through which this Agreement may be or has been extended by the JBE.

  • Lease Term means the term of this Lease which shall commence on the Commencement Date and continue for the period specified in Section J of the Summary.

  • Basic Term shall have the meaning specified in Section 2.2 of the Lease.

  • Annual Period means each twelve (12) month period commencing on the Effective Date and, thereafter, on each anniversary of the Effective Date.

  • Initial Termination Date has the meaning set forth in Section 9.1(b)(i).

  • Extension Period has the meaning set forth in Section 2.11.

  • Loan Commencement Date means, with respect to each Growth Capital Loan: (a) the first day of the first full calendar month following the Borrowing Date of such Loan if such Borrowing Date is not the first day of a month; or (b) the same day as the Borrowing Date if the Borrowing Date is the first day of a month.

  • Lease Period means each of the consecutive periods throughout the Basic Term and any Renewal Term ending on a Lease Period Date, the first such period commencing on and including the Delivery Date.

  • Lease Year means each consecutive twelve-month period beginning with the Commencement Date, except that if the Commencement Date is not the first day of a calendar month, then the first Lease Year shall be the period from the Commencement Date through the final day of the twelve months after the first day of the following month, and each subsequent Lease Year shall be the twelve months following the prior Lease Year.