Initial Order Term definition

Initial Order Term means in the term specified in an Order; Insolvency Event means, in relation to a Party:
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Initial Order Term means the initial term as outlined in any Order.
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Initial Order Term means, with respect to an Order, the period commencing on the Order Effective Date set forth on such Order and ending on the date that is the number of months set forth as the Initial Order Term duration on such Order after the Order Effective Date, except that, in the case of any Customer that has reached the end of a Trial Period without cancelling the applicable Trial Order, the Initial Order Term shall commence on the first day after the last day of the Trial Period and shall continue until the date that is twelve (12) months thereafter.
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Examples of Initial Order Term in a sentence

  • Vyve shall have the right to increase Service Charges for each Service after the Initial Order Term for such Service upon thirty (30) days written notice to Customer.

  • Unless otherwise mutually agreed by the Parties, following the Initial Order Term, the Order shall automatically renew for successive twelve (12) month periods (each, a “Renewal Order Term” and together with the Initial Order Term, the “Order Term”), unless either Party gives the other Party written notice of its intent not to renew at least sixty (60) days prior to the expiration of the then-current term.

  • If no Initial Order Term is specified in a Service Order, the Initial Order Term is twelve (12) months from the Billing Start Date.

  • Upon expiration of the Initial Order Term, the applicable Service Order shall automatically renew for successive one-month terms (each a “Renewal Order Term”, collectively with the Initial Order Term, the “Order Term”), unless either Spectrum or Customer elects to not renew the Service Order by notice provided to the other at least thirty (30) days in advance of the expiration of the then-current Order Term.

  • Spectrum shall have the right to increase MRCs for each Service after the Initial Order Term for such Service upon thirty (30) days’ notice to Customer.

  • Unless otherwise specified in the Master Service Agreement, if the Customer continues to receive Services after the expiration of the Initial Order Term, the Services shall renew on a month to month basis on the same terms and conditions (“Renewal Order Term”, collectively with the Initial Order Term, “Order Term”), provided that the fees for the Renewal Order Term shall be as set forth in Section 7.

  • If Customer has designated Proactive mitigation, Customer may switch to Reactive mitigation and if Customer designated Reactive mitigation, Customer may switch to Proactive mitigation, at any time during the Initial Order Term.

  • The Initial Order Term begins on the Activation Date and continues for the number of months or years stated in such Order.

  • Each order will automatically renew at the end of the Initial Order Term unless terminated by a Party in accordance with the provisions in this Section 5 (the Initial Order Term and any renewal period, the “Order Term”).

  • Thereaf ter, an Order will automatically renew f or additional 1-year periods (each, a “Renewal Order Term”), unless a party has given the other party written notice of its intent to not renew at least 30 days prior to the end of the Initial Order Term or the then-current Renewal Order Term.


More Definitions of Initial Order Term

Initial Order Term as defined in Section 10.1 of the Agreement. In respect of
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Initial Order Term has the meaning in the applicable Order Form.
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Initial Order Term means the Contract Term stated on the first Order Form for the purchase of the Services by End User.
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Related to Initial Order Term

  • Initial Order means, collectively, in respect of the Bloom Lake CCAA Parties, the Bloom Lake Initial Order, and in respect of the Wabush CCAA Parties, the Wabush Initial Order;

  • Order Term means the period of time starting on the Services Start Date for the Services and continuing for the period indicated on the Order Form unless terminated in accordance with the Agreement.

  • Reverse Sequential Order means (a) first, to the reduction of the Note Principal Balance of each B Note, on a Pro Rata and Pari Passu Basis, until the Note Principal Balance of each such Note is reduced to zero; and (b) second, to the reduction of the Note Principal Balance of each of A Note, on a Pro Rata and Pari Passu Basis, until the Note Principal Balance of each such Note is reduced to zero.

  • Purchase and Sale Termination Date has the meaning set forth in Section 1.4 of the Sale Agreement.

  • Sequential Order means (a) first, to the reduction of the Note Principal Balance of each of A Note, on a Pro Rata and Pari Passu Basis, until the Note Principal Balance of each such Note is reduced to zero; and (b) second, to the reduction of the Note Principal Balance of each B Note, until the Note Principal Balance of each such Note is reduced to zero.