Negotiated Renewal Term definition

Negotiated Renewal Term has the meaning set forth in Section 14.1
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Examples of Negotiated Renewal Term in a sentence

  • Pricing for the Negotiated Renewal Term shall be an increase, calculated on a per Named User per month basis, of the rates in effect immediately prior to the Negotiated Renewal Term in accordance with the following: (i) three percent (3%) annual increase for a five (5) year Negotiated Renewal Term; five percent (5%) annual increase for a three (3) year Negotiated Renewal Term; and seven percent (7%) annual increase for a one (1) year Negotiated Renewal Term.

Related to Negotiated Renewal Term

  • Renewal Term has the meaning set forth in Section 2.

  • Renewal Terms means the renewal terms of a Property Schedule, each having a duration of one year and a term coextensive with Lessee's budget year.

  • Renewal Period “Buyer” and “Default” have the same meanings respectively as they have in the Water Agreement.

  • Initial Term has the meaning set forth in Section 7.1.

  • Extended Term shall have the meaning given such term in Section 2.4.

  • Automatic Renewal Term has the meaning set forth in Section 10(a) hereof.

  • Extension Term means the time period defined in §2.C.

  • Original Term means the period from the Commencement Date until the end of the fiscal year of Lessee in effect at such Commencement Date.

  • Annual Renewal Date means the date in any calendar year, subsequent to the year in which the Policy comes into effect, corresponding numerically with the Policy Commencement date in that subsequent year.

  • Additional Term shall have the meaning set forth in Section 8.2.

  • First Extension Period means a period of twelve (12) consecutive months following the Initial Maturity Date.

  • Negotiation Period has the meaning given in Clause 5.10;

  • 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.

  • Non-Renewal Notice shall have the meaning set forth in Section 2.

  • Renewal Date means the effective date of Renewal. The first Renewal Date shall be the date as specified in the Policy Schedule (which shall not be later than the first anniversary of the Policy Effective Date) and the subsequent Renewal Date(s) shall be the anniversary(ies) of the first Renewal Date. The relevant Renewal Date shall be specified in the notification of Renewal in accordance with Section 3 of Part 4.

  • Base Term Beginning (i) with respect to the Original Premises on the Commencement Date, and (ii) with respect to the Expansion Premises on the Expansion Premises Commencement Date, and ending with respect to the entire Premises on August 31, 2024.”

  • Term Year means a 12-month period beginning on the first day of the Term and each successive 12-month period thereafter.

  • Second Extension Period means a period of twelve (12) consecutive months following the First Extended Maturity Date.

  • Period of Extended Hire means any additional period that the Hirer wishes the Agency Worker to be supplied for beyond the duration of the original Assignment or series of assignments as an alternative to paying a Transfer Fee;

  • Basic Term shall have the meaning specified in Section 2.2 of the Lease.

  • Contract Year means each period of twelve (12) consecutive months during the Initial Term of this Agreement, with the first Contract Year commencing on the Effective Date, and with each subsequent Contract Year commencing on the anniversary of the Effective Date.

  • Non-Renewal shall have the meaning set forth in Paragraph 2(b) hereof.

  • Renewal Fee means the fee that Borrower must pay Coast upon renewal of this Agreement pursuant to Section 9.1 hereof, in the amount set forth on the Schedule.

  • Resolution Extension Period As defined in Section 2.03(b).

  • Minimum Term means each minimum initial and subsequent period of service for each Service as shown on the Service Agreement and Order Schedule, the initial 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 or if not stated on the Service Agreement or order schedules, the Minimum Term will be 12 months or such other period as may be notified to you in accordance with paragraph 19.2.

  • Lease Year means each consecutive twelve-month period beginning with the Commencement Date, except that if the Commencement Date is not the first day of a calendar month, then the first Lease Year shall be the period from the Commencement Date through the final day of the twelve months after the first day of the following month, and each subsequent Lease Year shall be the twelve months following the prior Lease Year.