Initial Commitment Term definition

Initial Commitment Term has the meaning set forth in Section 3.2(d).
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Initial Commitment Term has the meaning set forth in Section 0.
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Initial Commitment Term. The term commencing on the Effective Date and ending on the seventh (7th) anniversary thereof;
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Examples of Initial Commitment Term in a sentence

  • The Initial Commitment Term may be extended in twelve (12) month increments by the mutual written agreement of the Parties achieved at least [***] ([***]) months prior to the end of the existing Initial Commitment Term (together with the Initial Commitment Term, the “Commitment Term”).

  • Initial Commitment Term and Renewal Terms - This Agreement shall remain in effect for so long as any HSA incorporating this Agreement is in effect (the “Term”).

  • For purposes of this Addendum, the Initial Commitment Term and each Subsequent Commitment Term are each also referred to herein as a “Commitment Term”.

  • In the event Customer orders additional Equipment under the VaaS Program within the ninety (90) days immediately following its initial purchase, such Equipment will be included in and subject to the Initial Commitment Term.

  • If Customer’s participation in the VaaS Program is terminated for any reason prior to the end of the Initial Commitment Term or any Subsequent Commitment Term, Customer will pay the pro-rated remainder of the aggregate Equipment MSRP price (prevailing as of the time of delivery), calculated by multiplying the MSRP price of all Equipment purchased under the VaaS Program by the percentage resulting from dividing the number of months remaining in the Commitment Term applicable to such Equipment by sixty (60).

  • The Initial Commitment Term shall commence on the first day of the purchased service.

  • In the event DIR Customer orders additional Equipment under the VaaS Program within the ninety (90) days immediately following its initial purchase, such Equipment will be included in and subject to the Initial Commitment Term..

  • Following the Initial Commitment Term, this Agreement shall automatically renew for successive one-year Renewal Terms.

  • MDS shall fulfill such revised Initial Purchase Commitment and revised Initial Streamline Purchase Commitment, by the expiration of the Revised Initial Commitment Term.

  • If Customer’s participation in the VaaS Program is terminated for any reason prior to the end of the Initial Commitment Term or any Subsequent Commitment Term, Customer will pay the prorated remainder of the aggregate Equipment list price (prevailing as of the time of delivery).


More Definitions of Initial Commitment Term

Initial Commitment Term means, as to any Lender, the amount shown for that Lender under the Column headed “Initial Commitment (Term)” on Schedule I attached hereto and made a part hereof.
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Related to Initial Commitment Term

  • Initial Commitment means, for any Initial Lender, the obligation of such Initial Lender to make an Initial Loan hereunder, up to the principal amount shown on Schedule 1.01(a). The aggregate amount of the Initial Lenders’ Initial Commitments as of the Closing Date is $150,000,000.

  • Term Loan Commitment Termination Date means with respect to the Tranche B Term Loans, the date which is the earlier to occur of (x) the date which is seven years after the Third Restatement Date and (y) the first date on which all undrawn Term Loan Commitments have been terminated or reduced to zero pursuant to the terms hereof.

  • Revolving Commitment Termination Date means the earliest to occur of (i) the fifth anniversary of the Closing Date, (ii) the date the Revolving Commitments are permanently reduced to zero pursuant to Section 2.13(b) or 2.14, and (iii) the date of the termination of the Revolving Commitments pursuant to Section 8.1.

  • Existing Commitment Termination Date as defined in Section 2.12(a).

  • Delayed Draw Commitment Termination Date means the earliest to occur of (i) the date that is twenty-four (24) months after the Closing Date, (ii) the date on which all Delayed Draw Commitments then outstanding have been funded in one or more Borrowings pursuant to Section 2.01(a)(ii) and (iii) the date on which all unfunded Delayed Draw Commitments have been reduced to $0 pursuant to Section 2.06 or terminated by the Borrower.