Post Initial Term definition

Post Initial Term means every successive year after the end of the Initial Term for which Millennium has paid the Post Initial Term Upgrade Fee pursuant to Section 4.3.
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Examples of Post Initial Term in a sentence

  • If Executive fails to execute and deliver the Release, or revokes or attempts to revoke the Release, Executive shall not be entitled to receive any Initial Term Additional Severance Payment, Post Initial Term Additional Severance Payment, or Change of Control Severance Payment.

  • During the Initial Term, and Post Initial Term, if applicable, Genaissance shall install in the HAP Database Plus at the central site selected by Millennium an updated version of the Genaissance HAP Database each quarter.

  • Unless sooner terminated in accordance with the terms of this Article VI, the term of the Agreement shall commence on the Effective Date and, unless extended by the mutual agreement of the Parties, shall continue until the end of the Initial Term or the Post Initial Term, if any is elected by Millennium.

  • During the Initial Term, and Post Initial Term, if applicable, Genaissance shall deliver to Millennium new versions of the DecoGen Informatics System and HAP Database Schema as they are released for use by other HAP Technology customers.

  • Millennium shall receive upgrades to the HAP Database as described in Section 2.1(e) for each year following the end of the Initial Term, up to a total of [**] years, upon payment to Genaissance by the end of the Initial Term and each year of the Post Initial Term, a Post Initial Term Upgrade Fee of [**] U.S. Dollars ($[**]) per year.

Related to Post Initial Term

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

  • Renewal Period the period described in clause 13.1.

  • Extended Use Period means the period beginning on the 1st day in the compliance period on which such building is part of a qualified low-income housing project, and ending on the later of the date specified by such agency in such agreement, or the date which is 15 years after the close of the compliance period.

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

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