First Interim Period definition
Examples of First Interim Period in a sentence
Except as otherwise required or permitted hereunder, each of Seller and Parent covenant and agree to comply with each of the following provisions, as applicable to it, during the First Interim Period (collectively, the “First Interim Period Covenants”) unless Seller or Parent obtains the prior written consent of Purchaser.
The payment provided for in this Section 2.1(a), as estimated, shall be paid to Telesat by TCI on the first day of the First Interim Period.
During the First Interim Period, there shall have been no Material Adverse Change.
No extraordinary decline in the value of the Portfolio and no significant deterioration in the quality of the Portfolio or the Business shall have occurred during the First Interim Period.
In consideration of the operation and maintenance by Telesat of the First Successfully Delivered Satellite during the First Interim Period, TCI shall pay to Telesat an amount equal to [*****] Operating Fee payable pursuant to Section 7.6(b), the amount of such quarterly Operating Fee to be initially estimated by TCI and Telesat in good faith and to be prorated based on the actual number of days in the First Interim Period.