Commencing definition

Commencing means "from and including" and the word "to" or "until" means "to but excluding".

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Commencing means that the first Pure Produce(TM) facility has been built and has started operations. The term "Restricted Stock" means that the Company will issue its' common restricted shares under SEC Rule-144.

Commencing a Clinical Trial shall mean administration of the first dose of a Licensed Product to a subject.

Examples of Commencing in a sentence

Commencing 180 days after the Effective Date, transfers to others may be made subject to compliance with or exemptions from applicable securities laws.
Commencing October 1, 2022, and continuing on the first day of each month thereafter (each a “Payment Date”), Borrower shall make a payment to Lender of principal, in the amount and on the dates shown on Exhibit A annexed hereto, plus accrued but unpaid interest on the outstanding principal amount of the Loan (the “Scheduled Payments”).
Commencing on the Effective Date, the Company agrees to pay the Executive a base salary at an annual rate of four hundred and fifty thousand United States dollars ($450,000), (the “Base Salary”).
Commencing with the maturity date of any tranche of Revolving Credit Commitments, the sublimit for Letters of Credit shall be agreed with the Lenders under the extended tranches.
Commencing from the date this Agreement is signed, and until the earlier of Note repayment or conversion, the Company shall not, directly or indirectly: (a) change the nature of its business; (b) sell, divest, or change the structure of any material assets other than in the ordinary course of business; (c) enter into any variable rate transactions, or (d) accept Merchant-Cash-Advances (MCA) or similar financing instruments, unless approved by lender.

More Definitions of Commencing

Commencing. “Commenced”, or “Commencement” means when (a) a ▇▇▇▇▇▇▇, a rig, and machinery capable of Drilling a Development Well has been erected, and such well has been spudded-in, and the rotary bit is rotating under power, or (b) Completion Operations, as defined below, have been initiated.

Commencing. At the easternmost angle of the limit of the Corporation of the Town of Ingersoll, also the southeasternmost angle of Part 1 on Reference Plan 41R-1584, also being a point on the northerly limit of the King’s Highway No. 401 according to Registered Plan 533 also known as Plan P-3015-2 by the Ministry of Transportation.

Commencing with the fiscal year of Midway beginning July 1, 1997 and each fiscal year thereafter during the term of this Agreement, Nica▇▇▇▇ ▇▇▇ll be paid a bonus in the amount equal to two percent (2%) of `pre-tax income'."

Commencing no earlier than nine business days prior to the Mandatory Termination Date, the Trustee will liquidate the Securities not segregated for in-kind distributions during such period and in such daily amounts as the Depositor shall direct."

Commencing with the Fiscal Quarter beginning July 1, 1997, the Borrower Consolidation shall maintain a minimum TFCC Ratio of no less than 1.20 to 1.00 as of each Fiscal Quarter end to be calculated on a cumulative basis with respect to each Fiscal Quarter and the most recently ended three (3) preceding Fiscal Quarters on a rolling four (4) Fiscal Quarter basis.

Commencing in 1996 and thereafter until the earlier of (i) the date on which there no longer is a balance outstanding relating to the Seller Notes, Seller Recourse Notes, MW 1996 Note and/or the MW Continuation Note, or (ii) a date specified by MWCC in writing to MW at least 90 days prior thereto (the "Implementation Date"), which Implementation Date shall not be earlier than December 1, 1997 (the earlier of (i) and (ii) being referred to as the "Rollback Commencement Date") 12 required minimum payments, Rollback Commencement Date 11 required minimum payments, Rollback Commencement Date + twelve (12) months 9 required minimum payments, Rollback Commencement Date + twenty-four (24) months 7 required minimum payments, Rollback Commencement Date + thirty-six (36) months 5 required minimum payments, all in accordance with Monogram's policies and practices as of the Conversion Date but modified as though Monogram used the above stated minimum payment write-off requirements in its policies and practices including, without limitation, policies and practices with respect to extensions, recycles, partial payments (which shall require Cardholders to pay a minimum of 90% of the required periodic payment specified in their Credit Agreements to avoid further aging) and other adjustments. For the avoidance of doubt, by way of example: For a Cardholder who first is BILLED on the fifteenth of month one, the related payment is DUE on the fifteenth of month two. If a payment is not made by the fifteenth of month three, such payment is considered past due for thirty (30) days or more on one minimum payment. In summary, there is a two-month timing difference between the time an Account is billed and when it is considered one month past due.

Commencing or any other derivation of this term shall be construed accordingly;