Additional Term definition

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

Additional Term has the meaning ascribed to it in Exhibit C.

Additional Term has the meaning set out in Section 5.1(a) .

Examples of Additional Term in a sentence

• Subject to the Conversion Provisions, the Borrower shall be obligated to pay Initial Term Loan Interest on the Principal with respect to the Initial Term Loan, on the Initial Term Loan Maturity Date, and pay Additional Term Loan Interest on the Principal with respect to the Additional Term Loan, on the Additional Term Loan Maturity Date.

• Purchaser shall notify Seller of its intent to purchase at least ninety (90) days and not more than one hundred eighty (180) days prior to the end of the Initial Term or Additional Term, as applicable, and the purchase shall be completed prior to the end of the Initial Term or Additional Term, as applicable.

• The Parties may agree in writing to extend this Agreement for up to two (2) Additional Terms at a Contract Price to be negotiated by the Parties prior to the expiration of the Initial Term or the first Additional Term, as applicable.

• At the end of the Initial Term and each Additional Term, so long as Purchaser is not in default under this Agreement and it is beyond the date that is the sixth (6th) anniversary of the Commercial Operation Date, Purchaser may purchase the System from System Owner on any such date for a purchase price equal to the Fair Market Value of the System applicable as of the date of the transfer of title to the System.

• Subject to the Conversion Provisions, the Principal, any accrued Interest and any other amounts payable by the Borrower pursuant to this Agreement (a) with respect to the Initial Term Loan, shall become due and payable on the Initial Term Loan Maturity Date and (b) with respect to the Additional Term Loan, shall become due and payable on the Additional Term Loan Maturity Date.

More Definitions of Additional Term

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

Additional Term has the meaning set forth in Section 11.1.

Additional Term means the optional additional one (1)-year term described in Paragraph 2.2, Option to Renew.

Additional Term means the one (1) of the two (2) optional additional one (1)-year or twelve (12)-months term described in Paragraph 2.2,

Additional Term means that term commencing on the last day of the Basic Term and terminating 5 years thereafter.

Additional Term shall have the meaning set forth in Section 4;

Additional Term has the meaning set forth in Section 4.1.