Initial Contract Term definition

Initial Contract Term means the initial period for performance under a Contract after which the Contract will either terminate or be extended pursuant to a Renewal or Extension.
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Initial Contract Term means the continuous period of twelve Months commencing on the Commencement Date or any part thereof agreed by the Company and the Owner and recorded in writing “Contract Fee” means the sum paid by the Owner for the Contract
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Initial Contract Term means the initial period for performance under a Contract after which the
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Examples of Initial Contract Term in a sentence

  • The Initial Contract Term shall be for four years, with no renewals.

  • The Initial Contract Term shall begin on October 1, 2023, or on the last date signed by all parties, whichever is later.

  • The right of the Authority may be exercised on more than one occasion so as to extend the Initial Contract Term by such periods as required provided that the extension of the Contract Term shall not take the Initial Expiry Date (12 months from Contract Acceptance) past 24 months from Contract Acceptance (the Final End Date).

  • The Initial Contract Term shall begin on October 31, 2024, or on the last date signed by all parties, whichever is later.

  • The prices for any periods of extension of the Initial Contract Term in relation to any of the services required by the Authority shall be in accordance with Schedule 2 – Annex C (Pricing).


More Definitions of Initial Contract Term

Initial Contract Term means the initial period of service as specified in clause 5;
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Initial Contract Term means the period specified in Item 1 of the Schedule; Initial Extension means the extension of the Contract Term referred to in clause 5.2; Litter includes but is not limited to rubbish, debris and green waste; Management Fee means the annual fee payable by the Town to the Contractor in consideration of the due performance by the Contractor of its obligations
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Initial Contract Term means the minimum period of provision of the Services, as so specified in the SRCA;
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Initial Contract Term. The Contract becomes effective on and extends for a period of
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Initial Contract Term means the term that commences on the First Productive Use date and continues in effect for five (5) years.
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Initial Contract Term means the period specified as the Initial Contract Term in the Contract Details (or, where no Initial Contract Term is expressly stated in the Contract Details, the period in respect of which the rates of the charges are stated to apply as set out in the Contract Details);
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Initial Contract Term. This Contract becomes effective on
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