Minimum Duration definition

Minimum Duration has the meaning set forth in Section 5.7(a).
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Minimum Duration means the minimum term the Service will be provided subject to these Terms. The Minimum Duration is a period of twelve (12) months from The Commencement Date, unless specified differently on the schedule.
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Minimum Duration means an unexpired duration which equals or exceeds the Minimum Period of Use for each SHAP Dwelling comprised in the relevant Named Project;
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Examples of Minimum Duration in a sentence

  • Minimum Duration of Leave If leave is requested for the birth, adoption or ▇▇▇▇▇▇ care placement of a child of the employee, leave must be concluded within one year of the birth or placement of the child.

  • Class Annualized Percentage of Average ▇▇▇▇▇▇ Net Assets Minimum Duration Class A shares are known as Fund shares as of the day of this agreement.

  • EPI shall provide following equipment to the PARTY on hire for exclusive use for the “Works” at the terms and conditions given below: - Sl. No. Equipment Description Minimum Duration Hire charges per month (Rs.) The equipment shall be provided by EPI to PARTY on “as is where is” and “ as is what is” basis in working condition at its workshop at Alwar, Rajasthan or at any other site/location in India.

  • On expiry of the Minimum Duration the Agreement shall automatically renew for successive twelve (12) month periods unless and until a party gives no less than thirty (30) days written notice to the other party to terminate this Agreement, such thirty (30) days written notice to expire either at the end of the Minimum Duration or at the end of one of the twelve (12) month renewal periods.

  • At the end of the Minimum Duration of Commitment, each Party shall be authorized to terminate the Contract, subject to compliance with a minimum notice period of thirty (30) days and without such termination giving rise to any compensation whatsoever.

  • A Cover Payment or portion of Cover Payment applicable to each Day in an Election Period shall be paid by Shell to Gulf Power at the same time as other amounts set forth on the Statement covering such Day are payable according to Section 9.2, it being understood that Shell may accept a Cover Determination only for whole Months and, to the extent permitted by Section 5.7(c), for partial Months at the beginning or end of the Minimum Duration.

  • At the first alternate landing site the Contractor shall be ready to support a landing after a Minimum Duration Flight (MDF).

  • If Shell determines that the actual duration of a Cover Event as to which Shell has elected to pay a Cover Payment will be shorter than the Minimum Duration or estimated additional minimum duration set forth in Shell’s election pursuant to Section 5.7(c) or this Section 5.7(e), Shell shall also provide to Gulf Power prompt notice of such determination, but any ongoing Election Period will not be shortened without Gulf Power’s consent.

  • Gulf Power shall provide to Shell prompt notice refreshing Gulf Power’s Cover Determination applicable with respect to the Cover Order, based upon the update of the Minimum Duration of the Cover Event set forth in Shell’s Cover Order (but excluding any impaired Contract Capacity that is then the subject of an effective Election Period).

  • As Shell obtains additional information from Owner concerning such Cover Event, Shell shall provide to Gulf Power prompt notice of Owner’s updated good faith estimate of the Minimum Duration and the expected duration thereof.

Related to Minimum Duration

  • Minimum DSCR means, with respect to a Supplemental Loan, (i) if the Senior Indebtedness bears interest at a fixed rate, 1.25:1, or (ii) if the Senior Indebtedness bears interest at a floating rate, 1.10:1.

  • 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.

  • Minimum Lifetime Mortgage Rate The minimum level to which a Mortgage Interest Rate can adjust in accordance with its terms, regardless of changes in the applicable Index.

  • Maximum Daily Starts means the maximum number of times that a generating unit can be started in an Operating Day under normal operating conditions.

  • Maximum Daily Quantity means the daily volume of Gas or Liquids, expressed in 103m3, identified in a Shipper's Interruptible Transportation Service Agreement that Transporter agrees to receive from Shipper under Toll Schedule Interruptible Full Path Service, Toll Schedule Interruptible Receipt Service or Toll Schedule Interruptible Delivery Service, as applicable.