Interim Term definition

Interim Term the period from and including the Interim Term Commencement Date to but not including the Primary Term Commencement Date.
Interim Term for each Item of Equipment means the period commencing on the Acceptance Date for such Item (unless the Acceptance Date is the Basic Term Commencement Date, in which case there shall be no Interim Term for such Item) and ending on the date immediately prior to the Basic Term Commencement Date.
Interim Term means the period of time from the execution of this Lease until the beginning of the Initial Term.

Examples of Interim Term in a sentence

  • Interim Rent shall be due Lessor for each day in the Interim Term and shall equal the daily equivalent of the initial Base Rent.

  • You can convert the amount for which you were covered under this plan, less any group life benefits you become eligible for in the 31 days after this insurance ends.If you: (a) are disabled, as defined in the section labeled "Extended Life Benefit With Waiver of Premium"; and (b) have not yet been approved for the Extended Life Benefit, you can convert to: (a) a permanent life insurance policy; or (b) an interim term insurance policy, as explained in the section labeled "Interim Term Insurance".

  • Interim Term Basic Rent is due and payable in full on the first day of the Primary Term.

  • The total Lease Term consists of the Interim Term plus the Base Term.

  • Such Basic Rent shall be paid in equal monthly installments in advance on the first day of each month, except for any Basic Rent due for the rental of the Premises during the Interim Term which shall be payable in advance on or before the date hereof.


More Definitions of Interim Term

Interim Term shall have the meaning specified in Section 3.1 of the Lease.
Interim Term means the period commencing on the Delivery Date and ending on and including the day immediately preceding the Commencement Date unless earlier terminated in accordance with the provisions hereof.
Interim Term has the meaning set forth in Article 2 of the Lease.
Interim Term for this Lease shall commence upon the commencement date set forth in the applicable Rental Schedule and shall end on the commencement date of the Primary Term.
Interim Term is defined in Section 3(a) of the Master Lease.
Interim Term means, with respect to any Item of Property, the period commencing on the Acceptance Date for such Item of Property and ending on the Completion Date, or any earlier Expiration Date.
Interim Term is defined in Section 6.3.