Definite term contract definition

Definite term contract means a contract for utility services for a definite period of not less than one nor more than ten years.
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Definite term contract means a contract for utility services for a definite period of not less than one nor more than ten years. “Dual service area” means a geographical area in which two or more utility suppliers are authorized under State law to provide services. “Indefinite term contract” means a month-to-month contract for utility services which may be terminated by the Government upon proper notice. “Independent regulatory body” means the Federal Energy Regulatory Commission, a state-wide agency, or an agency with less than state-wide jurisdiction when operating pursuant to state authority. The body has the power to fix, establish, or control the rates and services of utility suppliers. “Nonindependent regulatory body” means a body that regulates a utility supplier which is owned or operated by the same entity that created the regulatory body, e.g., a municipal utility. “Regulated utility supplier” means a utility supplier regulated by an independent regulatory body.
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Related to Definite term contract

  • State Term Contract means a term contract that is competitively procured by the department pursuant to section 287.057, F.S. and that is used by agencies and eligible users pursuant to section 287.056, F.S.

  • Long-term contract means a contract with a duration period exceeding one year;

  • Term Contract means the legally enforceable term contract, as defined in section 287.012, F.S., between the Department and Contractor to which these Enterprise Standard Terms and Conditions apply, including all Attachments thereto. The Term Contract is either a State Term Contract or an Enterprise Alternate Contract Source.

  • Long-term lease means a lease term of at least 27.5 years for a residential resource or at least 31.5 years for a nonresidential resource.

  • sub-contract means the primary contractor’s assigning, leasing, making out work to, or employing, another person to support such primary contractor in the execution of part of a project in terms of the contract;