Examples of Term in a sentence

The Effective Date does not affect the “Term Calculation Start Date.” Term Calculation Start Date: To keep the contract term consistent for all vendors awarded under a single TIPS contract, Vendor shall calculate the foregoing term as starting on the last day of the month that “Award Notifications” are anticipated as published in the Solicitation, regardless of the actual Effective Date.
Example of Term Calculation Start Date: If the anticipated “Award Date” published in the Solicitation is May 22, 2023, but extended negotiations delay award until June 27, 2023 (Actual Effective Date), the Term Calculation Start Date shall be May 31, 2023 in this example.
Contract Expiration Date: To keep the contract term consistent for all vendors awarded under a single TIPS contract, the term expiration date shall be five-years from the Term Calculation Start Date.
Example of Contract Expiration Date: If the anticipated “Award Date” published in the Solicitation is May 22, 2023, but extended negotiations delay award until June 27, 2023 (Actual Effective Date), the Term Calculation Start Date shall be May 31, 2023 and the Contract Expiration Date of the resulting initial “five-year” term, (which is subject to an extension(s)) will be May 31, 2028 in this example.
All these monetary adjustments shall be made at the same rate per square feet as agreed in Term No.1.2 above.

More Definitions of Term

Term has the meaning set forth in Section 13.1.

Term shall have the meaning set forth in Section 2(b).

Term shall have the meaning set forth in Section 13.1 hereof.

Term has the meaning specified in Section 1 hereof.

Term means the Initial Term and any Renewal Term.

Term shall have the meaning set forth in Section 10.1.

Term has the meaning set forth in Section 8.1.