Term Phase definition

Term Phase means the period commencing immediately after the end of the Revolving Phase until repayment of the Credit Facility in full.
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Term Phase means the period commencing immediately after the end of the Revolving Phase until repayment of the Production Loan in full.
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Term Phase means a period of time measured from the first day following the end of the Construction Phase and running thereafter to the Maturity Date.
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Examples of Term Phase in a sentence

  • The Interim Near- Term Phase would reconfigure the right-of-way along Second Street by modifying lane striping, painting sharrows, and installing signage to increase safety for bicyclists before construction and implementation of the proposed project.

  • As chief fiscal officer, he is responsible for overseeing or performing all of the Town’s financial duties.

  • The term of this Lease Agreement consists of three (3) phases: Phase I – ConstructionPhase II – Twenty (20) Year Term Phase III – Option for Renewal Period.

  • Should CIBC determine at any time that there is a Borrowing Base Shortfall, during both the Revolving Phase and the Term Phase, the Borrower will, within 60 days, use whatever means necessary to reduce its indebtedness under this Financing Commitment by that amount stipulated by CIBC, or alternatively pledge additional security to CIBC sufficient to cover, in CIBC's opinion, such deficiency.

  • The Responses to Comments document also contains text changes to the Draft SEIR made by SEIR preparers to correct or clarify information presented in the Draft SEIR, including minor changes to the project description to include the addition of replacement of the water main between Market and Howard Streets, the Interim Near Term Phase, as well as changes to the Draft SEIR text made in response to comments.

  • However, regulatory recognition of ultraviolet disinfection was accorded in the United States only recently by the Environmental Protection Agency's adoption of the Long Term Phase 2 Enhanced Surface Water Treatment Rule (LT2).

  • Based on the Shannon and Simpson Index, major Poyang Lake had the largest biodiversity of microbial communities, followed by Ganjiang River, Yao Lake, and Raohe River.

  • By Resolution No. 2014-040, the Board approved a revised Golden Gate Bridge Moveable Median Barrier Project budget in the amount of $30,300,000 to account for the estimated costs of all Short Term Phase elements associated with the roadway and Toll Plaza construction work, the purchase and installation of the MMB, and the 52-hour weekend closure of the Bridge.

  • By Resolution 2015-38, the Board approved Change Order No. 33 to Contract No. 2014-B-1, for construction of the Long Term Phase of the MMB Project associated with the upcoming Presidio Parkway shift onto the final roadway alignment south of the Toll Plaza.

  • By Resolution No. 2015-38, the Board approved the Ninth Amendment to the PSA with AECOM for the engineering construction support services during construction of the Long Term Phase.


More Definitions of Term Phase

Term Phase. Means the term phase of the Real Estate Loan following Conversion.
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Term Phase means the period beginning upon conclusion of the Construction Phase and continuing thereafter until the Maturity Date and all principal and interest due on the Notes has been paid in full.
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Related to Term Phase

  • Term Start Date has the meaning set forth in Section 1.01.

  • Term Year means a 12-month period beginning on the first day of the Term and each successive 12-month period thereafter.

  • Term Commencement Date shall be the later of (i) November 1, 2006 or (ii) the date on which Landlord’s Work is Substantially Complete (or the date on which Landlord’s Work would have been Substantially Complete absent Tenant Delay or Force Majeure (as defined below)); provided, however, that if the Term Commencement Date is not the first day of a calendar month, then the first lease year shall be extended through the last day of the calendar month in which the first 12-month period expires, and Rent for the additional period at the end of the first lease year shall be payable at the rate for the 12th month of the Term. “Force Majeure” means accident; breakage; repair; governmental regulation, moratorium or other governmental action. The “Term Expiration Date” shall be the day immediately preceding the seventh (7th) anniversary of the Term Commencement Date, provided that if such preceding day is not the last day of a calendar month, then the Term Expiration Date shall be the last date of the calendar month in which such preceding day occurs. Landlord and Tenant shall each execute and deliver to the other written acknowledgment of the actual Term Commencement Date and the Term Expiration Date when such are established, and shall attach it to this Lease as Exhibit B. Failure to execute and deliver such acknowledgment, however, shall not affect the Term Commencement Date or Landlord’s or Tenant’s liability hereunder. Failure by Tenant to obtain validation by any medical review board or other similar governmental licensing of the Premises required for the Permitted Use by Tenant shall not serve to extend the Term Commencement Date.

  • Second Draw Period is the period commencing on the date occurring on or after the Second Amendment Effective Date in which Borrower satisfies the Second Draw Conditions and ending on the earlier of (a) June 20, 2021, and (b) the occurrence of an Event of Default.

  • 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.

  • Maintenance Term means, initially, the Maintenance Term identified in the Order. Upon expiration of the initial Maintenance Term, the Maintenance Term shall automatically renew for additional one (1) year periods unless terminated earlier by either party, at its option, by written notice at least sixty (60) days prior to the end of the then-current Maintenance Term. The Maintenance Term shall immediately terminate upon the termination, expiration, or cancellation of this Agreement for any reason.

  • Construction Phase means that Phase of the Project which shall commence after the Authority provides the Trade Contractor with written Notice to Proceed with the Construction Phase.

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

  • Amortization Commencement Date means the date on which an Amortization Event is deemed to occur pursuant to Section 20 hereof.

  • Base Term Commencing (i) with respect to the Existing Premises on the Commencement Date, (ii) with respect to the Expansion Premises on the Expansion Premises Commencement Date and (iii) with respect to the Second Expansion Premises on the Second Expansion Premises Commencement Date, and ending with respect to the entire Premises on September 16, 2016 (“Expiration Date”).”

  • Development Phase means the period before a vehicle type is type approved.

  • Extended Term shall have the meaning set forth in Section 2.

  • Draw Period is the period of time from the Effective Date through the earlier to occur of (a) June 30, 2012, or (b) an Event of Default.

  • Project Term the period from the Operation Commencement Date to the Expiry Date or the Termination Date, whichever occurs first, which is further described in Clause 3;

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

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

  • Non-Extension Advance means an Advance made pursuant to Section 2.02(b).

  • Term SOFR means, for the applicable Corresponding Tenor as of the applicable Reference Time, the forward-looking term rate based on SOFR that has been selected or recommended by the Relevant Governmental Body.

  • Fixed Term shall have the meaning given such term in Section 2.3.

  • Repayment Period means the period beginning on the Loan Commencement Date and continuing for 36 calendar months.

  • Maintenance Period means the period so specified in an adoption agreement as a period of time—

  • Non-Extended Facility has the meaning assigned to such term in Section 3.6(d).

  • Principal Period of Maintenance means any nine consecutive hours per day (usually between the hours of 7:00 a.m. and 6:00 p.m.) as selected by the State, including an official meal period not to exceed one hour, Monday through Friday, excluding holidays observed at the installation.

  • Term Loan Installment Date means any Term B Loan Installment Date or any Incremental Term Loan Installment Date.