Remaining Months definition

Remaining Months means the number of whole and partial months, expressed as a mixed number (whole number and fraction), remaining between the Services Termination Date and the last day of the Initial Term or Renewal Term, as applicable.
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Remaining Months means: (a) 84 months, if this Agreement is terminated on or before the 15th anniversary of the Opening Date or (b) 36 months, if this Agreement is terminated after the 15th anniversary of the Opening Date. Notwithstanding the immediately preceding sentence, the Remaining Months shall in no event exceed the number of months remaining in the Term, and the liquidated damages due under this Section 10(d)(2) shall not be less than $5,550,000.00 if the Agreement is terminated within the first 3 years following the Opening Date.
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Remaining Months means Total Months less Elapsed Calendar Months;
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Examples of Remaining Months in a sentence

  • Notwithstanding the immediately preceding sentence, the Remaining Months shall in no event exceed the number of months remaining in the Term, and the liquidated damages due under this Section 10(d)(2) shall not be less than $5,550,000.00 if the Agreement is terminated within the first 3 years following the Opening Date.

  • If we terminate this Agreement due to your default after the Opening Date, you will pay us, within 30 days after termination, as liquidated damages and not as a penalty for the premature termination of this Agreement, an amount equal to the product of (i) the average monthly Gross Room Revenues during the prior 12 full calendar months (or such shorter time that the Hotel has been open), multiplied by (ii) the maximum Royalty Fee payable under Section 4(b)(1), multiplied by (iii) the Remaining Months.


More Definitions of Remaining Months

Remaining Months has the meaning accorded such term in Section 4.01(b).
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Related to Remaining Months

  • Month means calendar month.

  • Average monthly discharge limitation means the highest allowable average of "daily discharges" over a calendar month, calculated as the sum of all "daily discharges" measured during a calendar month divided by the number of "daily discharges" measured during that month. Compliance with fecal coliform bacteria or E coli bacteria limitations shall be determined using the geometric mean.

  • lump sum payment period means the period measured in weeks of salary, for which payment has been made to facilitate the transition to retirement or to other employment as a result of the implementation of various programs to reduce the size of the Public Service. The lump sum payment period does not include the period of severance pay, which is measured in a like manner.

  • Three-Year Period means, with respect to a Restatement, the three completed fiscal years immediately preceding the date that the Board, a committee of the Board, or the officer or officers of the Company authorized to take such action if Board action is not required, concludes, or reasonably should have concluded, that the Company is required to prepare such Restatement, or, if earlier, the date on which a court, regulator or other legally authorized body directs the Company to prepare such Restatement. The “Three-Year Period” also includes any transition period (that results from a change in the Company’s fiscal year) within or immediately following the three completed fiscal years identified in the preceding sentence. However, a transition period between the last day of the Company’s previous fiscal year end and the first day of its new fiscal year that comprises a period of nine to 12 months shall be deemed a completed fiscal year.