Successive Term definition

Successive Term means in relation to Support & Maintenance Services any period of one calendar year in which the Agreement continues following the Initial Term.
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Successive Term has the meaning set forth in Section 4.1.
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Successive Term has the meaning set forth in Section 12.1 (Term).
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Examples of Successive Term in a sentence

  • The Client may terminate the appointment of the Agent by providing ninety (90) days’ written notice prior to the end of the Initial Term or a Successive Term.

  • The “Early Termination Fee” is the average of the GATEWAY Monthly Service Fees invoiced since this Gateway Services Agreement’s Effective Date, multiplied by the number of months remaining in the current Initial Term or Successive Term.

  • The Ordering Party may in its sole discretion choose to extend the Term based on the agreed commer- cial conditions for successive periods of one (1) year each ("Successive Term") by providing written notice to the Con- tractor one month prior to the end of the Term or the Suc- cessive Term respectively.

  • All terms and conditions of this Agreement shall remain in effect during any Successive Term.

  • The Customer may terminate the Ethernet Services by giving the Supplier not less than ninety (90) days and no more than one hundred and twenty (120) days written notice for convenience before the end of the Minimum Term or Successive Term.

  • Notwithstanding paragraph 6.4, the Customer shall be liable to pay Termination Charges to the Supplier in accordance with clause 8.7 of the General Conditions, where the Agreement is terminated within the Minimum Term or any Successive Term.

  • In the case of a Successive Term FRANCHISE, this AGREEMENT is issued on the additional condition that, if required by SHOPPE COMPANY, then the current DESIGNATED SHOP MANAGER or another person selected by FRANCHISEE and acceptable to SHOPPE COMPANY shall successfully complete training by a date determined by SHOPPE COMPANY, notwithstanding any prior training and experience.

  • After the Initial Term, the Agreement automatically renews from year to year (a “Successive Term”) unless a Party provides written notice of termination at least thirty (30) days before the expiration of the Initial Term or any Successive Term.

  • By application dated 21 April 2022, Xingao sought a declaration of unacceptable circumstances.

  • Notwithstanding the above, the Agreement shall not continue for a Successive Term if either party provides written notice of non-renewal to the other party provided herein at least thirty (30) days prior to the end of the Initial Term or the then current Successive Term.


More Definitions of Successive Term

Successive Term means the term of the Agreement which arises from the automatic renewal of the lease term or from YMCA’s exercise of the option to renew the Agreement provided in Section 4, below. The term “Term of this Agreement” refers to the Initial Term and / or any Successive Term as provided below.
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Successive Term shall have the meaning set forth in Section 2.1.
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Successive Term. B Loan Commitment Amount" means an aggregate amount of up to $5,000,000. "Successive Term-B Loan Commitment Termination Date" means the earliest of (i) April 26, 2001, if the Successive Term-B Loans have not been made on or prior to such date, (ii) the Successive Term-B Loan Draw Date (immediately after the making of the Successive Term-B Loans on such date), and (iii) the date on which any Commitment Termination Event occurs.
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Related to Successive Term

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

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

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

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

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

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

  • Agreement Term has the meaning set forth in Section 11.1.

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

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

  • Contract Term means period of performance set forth in the paragraph entitled “Term” contained in Exhibit E.

  • 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.

  • Research Term has the meaning set forth in Section 3.2.

  • Term of Employment means the period specified in Section 2.

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

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

  • 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.

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

  • 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.

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

  • Employment Term has the meaning specified in Section 2.

  • Development Term means the period commencing on the Closing Date and ending on the earlier of (a) the Option Closing Date or (b) the date the Option terminates or expires other than by exercise.

  • Period of Extended Hire means any additional period that the Hirer wishes the Agency Worker to be supplied for beyond the duration of the original Assignment or series of assignments as an alternative to paying a Transfer Fee;

  • 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;

  • Employment Period has the meaning set forth in Section 2.01.

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