Minimum Contractual Term definition

Minimum Contractual Term. The initial minimum term of this Contract, as shall be set out in the Quotation.
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Examples of Minimum Contractual Term in a sentence

  • Either party may give written notice to the other party, not later than 30 days before the end of the Minimum Contractual Term or the relevant Contractual Term Extension, to terminate this Contract at the end of the Minimum Contractual Term or the then current Contractual Term Extension, as the case may be.

  • The term of this Contract shall, unless terminated earlier in accordance with clause 13.2, automatically extend for the Contractual Term Extension at the end of the Minimum Contractual Term and at the end of each Contractual Term Extension.

  • The term of this Contract shall, unless terminated earlier in accordance with clause 12.2, automatically extend for the Contractual Term Extension at the end of the Minimum Contractual Term and at the end of each Contractual Term Extension.

  • The contractual term shall initially be for (1) year (Minimum Contractual Term) beginning when the agreement goes into effect.

  • This agreement shall automatically be extended for additional one year periods, if such is not terminated by a Party giving written notice to the other Party at least three months prior to the Minimum Contractual Term or three months to end of any respective extended annual period, or if it is not prematurely terminated for cause in accordance with Paragraph 13.2.

Related to Minimum Contractual Term

  • Minimum Term means the minimum initial period of service for each Service as shown on the Service Agreement and Order Schedule, such period to start on the date on which the relevant Service is first made available to you for use. For the avoidance of doubt, unless otherwise agreed the minimum term will be 12 months from your contract commencement date or other such date as may be notified to you in accordance with paragraph 19.2.

  • Extension Minimum Condition means a condition to consummating any Extension that a minimum amount (to be determined and specified in the relevant Extension Request, in the Borrower’s sole discretion) of any or all applicable Classes be submitted for Extension.

  • Minimum Contract Value means 10% of the Maximum Contract Value.

  • Minimum Hire Period means the Minimum Hire Period as described on the invoices, quotation, authority to hire, or any other forms as provided by the Supplier to the Client.

  • Initial Contract Period means the period from the Commencement Date to the date of expiry set out in clause A2 (Initial Contract Period), or such earlier date of termination or partial termination of the agreement in accordance with the Law or the provisions of the Contract.