Improvement Period definition

Improvement Period has the meaning set out in Clause 5.1;

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Improvement Period means a period commencing as of the Effective Date and ending (i) upon the lapse of [**] from the Effective Date, or, (ii) at Licensor’s discretion, earlier upon the [**].

Improvement Period shall have the meaning set forth in Section 9.3.

Examples of Improvement Period in a sentence

The abatement contained in this Section 4.1 shall not apply to the Facility Improvement Work and the Facility Improvement Period which shall be governed by Article 16.
Tenant shall be entitled to an abatement of Basic Rent for the period that the Parking Facility is not available for use by Tenant after expiration of the Facility Improvement Period.
All representations, warranties, covenants, agreements, releases and waivers made by or on behalf of the Borrowers or any Guarantor under this Amendment shall survive and continue after the expiration or termination of the Improvement Period.
The Rent shall be prorated according to the portion of the Parking Facility not available for use during any period of time exceeding the Facility Improvement Period for the monthly rental period during which all or a portion of the Parking Facility is not available.
Thereafter, Licensee is hereby granted an option by Caltech that Licensee can exercise during the final year of the first two (2) Improvement Period on an annual basis on the same terms and conditions.

More Definitions of Improvement Period

Improvement Period means from the Effective Date until the [***](unless extended by mutual agreement in writing by the Parties for an additional [***]);

Improvement Period means the period within which the senior officer’s performance is required to improve specified in an improvement notice and includes a first improvement period, a final improvement period and an extended final improvement period (see regulation 8);

Improvement Period means the period between the beginning of the acquisition, construction, installation, renovation and equipping of the Project or the date on which the Bonds are delivered to the Original Purchaser, whichever is earlier, and the date on which the Project is substantially completed, as certified to the Trustee by the University.

Improvement Period has the meaning given in Clause 2.7.1;

Improvement Period means the period of time beginning on the Agreement Date and expiring on the [*] of the Agreement Date.

Improvement Period means the period starting on the Effective Date and continuing until three years after the Effective Date. Initial Public Offering means the initial listing of the majority of the shares in LAVA on a recognized stock exchange, including but not limited to the closing of the sale of LAVA Common Shares to the public in a firm-commitment underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933, as amended.

Improvement Period means the period commencing on the Effective Date and continuing until the earlier of (a) the termination of this Agreement or (b) the tenth anniversary of the first commercial sale of a Covered Product in the Territory, provided that if the first commercial sale of Covered Product in the Territory has not occurred within three (3) years of the approval of the first Covered Product by the FDA, then the Improvement Period shall terminate on the thirteenth anniversary of such FDA approval.