Applicable Term definition

Applicable Term means the Applicable Term set forth on Exhibit E for the Applicable Assets as such Applicable Term may be extended from time to time pursuant to Exhibit E.

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Applicable Term means the Initial Term, together with any Extension Term, if applicable.

Applicable Term means the Applicable Term set forth on Exhibit D for the Applicable Assets as such Applicable Term may be extended from time to time pursuant to Exhibit D.

Examples of Applicable Term in a sentence

• During the Applicable Term but subject to the provisions of this Section 6.2, the Relevant Asset Owner shall pay all Taxes assessed directly against the Taxable Assets directly to the applicable taxing authority prior to delinquency and shall promptly thereafter provide the Related Refinery Owner with evidence of such payment.

• Except as otherwise agreed by the Related Refinery Owner and the Relevant Asset Owner, the Relevant Asset Owner shall, during the Applicable Term, maintain or cause to be maintained property and casualty insurance (including pollution insurance coverage) on the Applicable Premises and the Applicable Assets and Additional Improvements in accordance with customary industry practices and with a licensed, reputable carrier.

• The Relevant Asset Owner shall at the expiration of the Applicable Term or at any earlier termination of this Lease as to the Applicable Assets, surrender the Applicable Premises to the Related Refinery Owner in as good condition as it received the same, ordinary wear and tear and limitations permitted by Article 7 excepted and in accordance with the provisions of Article 4.

• The Relevant Asset Owner shall give prompt notice to the Related Refinery Owner of any release of any Hazardous Substances on or at the Applicable Premises or Shared Access Facilities that occur during the Applicable Term.

• Without limiting the foregoing, all Obligations shall be due and payable on the Applicable Term Loan Maturity Date for the last Term Loan made.

More Definitions of Applicable Term

Applicable Term has the meaning set forth in Article 7.

Applicable Term means the Service term stated in an Order Schedule.

Applicable Term means, with respect to any provision of this Agreement, the period during which such provision is operative, as set forth herein.

Applicable Term means the term stated in an Order Schedule or, if no such term is stated in an order schedule, the term stated in this Service Agreement.

Applicable Term the Initial Term and any renewal or extension thereof.

Applicable Term means in respect of a SmartPac Unit produced or sold in a particular nation, country or other jurisdiction that has issued one or more Seller Patents pertaining to the SmartPac Unit, the period of time beginning on the Closing Date and continuing until the expiration of the last to expire of such Seller Patents and means in respect of the licensing by any Purchaser Entity of any Seller Patent the expiration or termination of such Seller Patent, in each case unless and until terminated prior thereto by written agreement of the Seller and Purchaser.

Applicable Term means the term commencing on the Commencement Date and continuing through the end of the initial ten (10) year Term.