Initial Terms definition
Examples of Initial Terms in a sentence
If Lessor elects to terminate the Master Lease and all relevant Schedules, then Lessee will pay Lessor all amounts then due and owing and a termination fee equal to the present value (discounted at 6%) of the remaining Rent for the balance of the Initial Term(s) of all Schedules, and will return the Equipment in accordance with Section 9.
This Agreement will automatically renew for successive one-year periods ("Renewal Terms") after the Initial Term's end.
As of the Closing Date, the Initial Terms Loans are funded and such amounts may not be reborrowed.
For Revenue Sharing payable during the Assay Initial Terms, Revenue Sharing will be capped at an aggregate of $3.1 Million USD total for all Assay Initial Terms with the maximum allocated on a per Assay basis based on the following schedule (“Revenue Sharing Cap per Assay”): ii.
After the Initial Term, this Agreement shall continue for successive terms of five (5) years each (the "Additional Terms"), unless either ▇▇▇▇▇▇ or Elite provides written notice to the other Party at least forty-five (45) days before the end of the then-current Term that such Party desires to terminate this Agreement (the Additional Terms and Initial Terms being referred to herein collectively as the "Term").
The term of this Agreement commences on the date you sign this Agreement, or we activate Service, (whichever is earlier) and continues for the duration of the Minimum Service Term (defined below), unless terminated earlier by you or Viasat (“Term”).
Executive's period of employment hereunder, including the Initial Terms and all Renewal Terms, shall constitute and be hereinafter referred to as the "Term" of this Agreement.
The Customer is eligible for the following promotions as set forth in the Guide: INSTALL WAIVER-DIGITAL T1 ACCESS VERIZON BUSINESS 90 DAY SATISFACTION GUARANTEE INTERLATA LONG DISTANCE PIC FEE CREDIT PROMOTION ON THE NETWORK V CROSS CONNECT PROMOTION US PRIVATE LINE DS3 BANDED MILEAGE PROMOTION Initial Terms: 24 months Commencing on the 5th Amendment Effective Date, the Term will be extended for a period of 12 months (“Extension Term”).
Business Employees who commence employment with Purchaser or its Affiliates shall be referred to herein as “Transferred Employees.” Transferred Employees shall be provided with the Initial Terms and Conditions of Employment during their employment through the first anniversary of the applicable Effective Hire Date.
For monthly subscriptions, this Agreement shall following the Initial Terms continue on a month-to-month basis (each subsequent month in such case being a “Renewal Term”) unless or until terminated by either party effective the last day of a contract month on not less than 30 days’ prior written notice to the other party.