Variation Term definition

Variation Term means the period of time, being not less than one calendar month for which this agreement is to apply, as set out in clause 11.5.
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Variation Term means the period of time, being not less than 24 months for which this agreement is to apply, as set out in clause 4.
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Examples of Variation Term in a sentence

  • The employee and the employer acknowledge that this Agreement constitutes a notice of variation to the Terms for the Variation Term in accordance with the provisions of section 4 of the Employment Rights Act 1996.

  • In particular, the Company shall ensure that the EU investment firm keeps clients’ funds in segregated bank accounts in order to be separated from its own funds and that regular reconciliations are performed as regards clients’ funds.

  • Thus, Williams appears to be a (rare) case where the implication of an Implied Variation Term would succeed.Williams having been explained, the theory needs to be applied to the three cases where no variation was found.

  • The Variation Term for this variation of the Employment Contract shall commence on the first day of the next pay period declared by the employee on the system and shall expire on the last day of the pay period as declared by the Employee on the System and reported to the Employer.

  • The protocol was that Sintalow would only accept orders for the Products, on the specific terms of the Products Agreements, but in every case subject to the 10% Variation Term.

  • Its importance is the 10% Variation Term which Sintalow wanted to be imported into the contract.48 (d) Sintalow’s November letter contradicted the Estimated Quantities Clause in OSK’s November letter.

  • You and we acknowledge that this Agreement constitutes a notice of a variation to the Terms for the Variation Term in accordance with the provisions of section 4 of the Employment Rights Act 1996.

  • It also states that the quantities shall be based on the 10% Variation Term with a breakdown of the delivery schedule.

  • The services specified are: to expand telecom services and networks in defined areas according to their geographical location, or number of inhabitants, and to establish public telecom centres, including the installation of public payphones in these areas; to provide maritime telecom services; and to provide telecom services to person with special needs.

  • Stratigraphic, the shales within Miocene may act as seals for reservoirs within Miocene.

Related to Variation Term

  • Collaboration Term has the meaning set forth in Section 2.2.

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

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

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

  • Fixed term tenancy means a tenancy that has a fixed term of existence, continuing to a

  • Original Term means the period from the Commencement Date until the end of the fiscal year of Lessee in effect at such Commencement Date.

  • Construction Period means the period commencing from the Appointed Date and ending on the date of the Completion Certificate;

  • Renewal Term has the meaning set forth in Section 2.

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

  • 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;

  • Additional Term shall have the meaning set forth in Section 8.2.

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

  • Base Year means the period set forth in Section 5 of the Summary.

  • 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.

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

  • Base Term Beginning (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 August 31, 2024.”

  • The term Trustee" shall mean The Bank of New York Mellon and its successors in interest or any successor trustee appointed as provided in the Standard Terms and Conditions of Trust.

  • Net Rent means all rental Landlord actually receives from any reletting of all or any part of the Premises, less any indebtedness from Tenant to Landlord other than Rent (which indebtedness is paid first to Landlord) and less the Re-entry Costs (which costs are paid second to Landlord).

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

  • Net Rentable Area means, with respect to any Real Estate, the floor area of any buildings, structures or other improvements available for leasing to tenants determined in accordance with the Rent Roll for such Real Estate, the manner of such determination to be reasonably consistent for all Real Estate of the same type unless otherwise approved by the Administrative Agent.

  • Operating Period for any Element of the Project shall mean the period from (and including) the COD of such Element of the Project, up to (and including) the Expiry Date and for the Project, shall mean the period from (and including) the COD of the Project, up to (and including) the Expiry Date;

  • Annual Fixed Rent See Exhibit A, and Section 3.1.

  • 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.

  • 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.

  • Commencement Date means the date of this Agreement.

  • Gross Rent means the rent for a set-aside unit, including any applicable utility allowances, in compliance with the rent limits applicable to the property for 2020. Gross rent does include optional fees included in the household’s lease, including but not limited to, washer/dryer, cable, parking, etc., as long as they are included in the lease or addendums to the lease. In addition, when a utility that is purchased from or through a local utility company by the Development, who in turn bills residents for actual consumption of the utility will also be eligible when the applicable utility allowance for the Development includes a deduction for the utility and the household’s lease specifies that the resident is responsible for the utility.