Initial Duration definition

Initial Duration means where no finance plan exists a period of 75 months from the Commencement Date or where a finance plan exists (to protect the Equipment in line with the requirements of the finance company) the period of the finance plan or such other period as may be specified in the Special Conditions Schedule.
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Initial Duration. [] years as may be extended under Clause 15 Licence (see Clause 5): Sole (we are the only appointed licensee for the Images but you may distribute the Images yourself) Exclusive (we are the only licensee of the Images, and you may not distribute them yourself or through a third party Non-Exclusive (we, you and any other agent notified to us are the only licensees of the Images- See Clause 2)
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Initial Duration or “ID” means the duration of the Agreement provided in clause 3.1 of the GTC or as otherwise specified in the Special Terms and Conditions of the Service Order Agreement.
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Examples of Initial Duration in a sentence

  • Quantities for the remaining part of 2003 after the start date of the Initial Duration shall be calculated from this on a pro-rata basis.

  • Requirements for the remaining part of 2003 after the start date of the Initial Duration shall be calculated from this on a pro-rata basis.

  • The above tariff is valid for the Initial Duration of the agreement set out in term 9.

  • State may, in its sole discretion, extend the duration of this Agreement in writing, for one additional period of time up to, but not to exceed, one-half of the Initial Duration of the Agreement (12 months).

  • State will notify Consultant of the renewal of this Agreement approximately one month prior to the expiration of the Initial Duration, or any extension thereof.

  • This Agreement will expire when the last of the following events is completed: The expiration of the Initial Duration, the expiration of any Extension of the Agreement, the expiration of the last exercised Renewal Option, if any, and the waiver or completion of the project financial audit and cost settlement of all Task Orders issued under this Master Agreement.

  • This Master Agreement authorizes State, LPA, or State on LPA’s behalf, to issue Task Orders related to these services beginning on the Effective Date and continuing until the latest of the following events occurs: the expiration of the Initial Duration, the expiration of any extension of the Master Agreement, and the expiration of the last exercised Renewal Option, if any.

  • In consideration of the services provided for in the contract and for the Initial Duration provided for in article 4, the Client shall pay the Service Provider a sum defined in [specific conditions – Subscription fee without tax] and aligned with the engagement period [specific conditions - Engagement Period].

  • This Master Agreement authorizes State to issue Task Orders related to these services beginning on the Effective Date and continuing until the latest of the following events occurs: the expiration of the Initial Duration, the expiration of any extension of the Master Agreement, and the expiration of the last exercised Renewal Option, if any.

  • State will notify Consultant of the State’s exercise of its right to extend this Agreement approximately one month prior to the expiration of the Initial Duration of the Agreement.<Use if master has renewals> or the end of any renewal option.


More Definitions of Initial Duration

Initial Duration. The Project shall have an initial duration (the "Duration of the Joint Venture") of thirty (30) years commencing on the day the Business License is issued.
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