Relevant Term definition
Examples of Relevant Term in a sentence
Unused portions of support and maintenance fees shall be determined by multiplying the total fees for the relevant term (the "Relevant Term") by a fraction, the numerator of which is the number of days of the Relevant Term remaining, and the denominator of which is the total number of days of the Relevant Term.
This Undertaking shall continue in full force and effect with respect to the Relevant Term Assets that have not been acquired by the Company pursuant to the exercise of this Undertaking or the Sale Undertaking and no further action shall be required under clause 34 (Amendments, Waivers and Consents) of the Common Terms Agreement in order to effect any such change.
The Investment Agent shall hold the Relevant Term Assets as agent for the Participants and shall only dispose of them in accordance with the terms of the Islamic Financing Transaction Documents.
Upon execution of a Supplemental Sale and Purchase Agreement by the parties to it (or on the assignment or transfer to, or assumption by, it of any Participation in accordance with clause 19 (Changes to the Financiers) of the Common Terms Agreement, each Participant will acquire ownership rights and benefit in and to the Relevant Term Assets equal to its Pro Rata Share (expressed as a percentage).
This Exercise Notice is given pursuant to paragraphs [(a), (b), (c), (d), (e), (f)]1 of Clause 4.1 (Exercise) of the Undertaking in respect of [all]/[insert relevant proportion]** of the ownership rights and benefit in and to the Relevant Term Assets held by the Investment Agent (on behalf of the Participants).