Residual Term definition
Examples of Residual Term in a sentence
The Demand Charge shall not apply during the Residual Term, if applicable.
The Over-Performance Adjustment for a Pilot Year will be calculated at the end of such Pilot Year in accordance with Section 6.2, and will be applied to the Participant’s Monthly Settlements in the following Pilot Year, or during the Residual Term, as applicable.
The Non-Performance Adjustment for a Pilot Year will be calculated at the end of such Pilot Year in accordance with Section 6.2, and will be applied to the Participant’s Monthly Settlements in the following Pilot Year, or during the Residual Term, as applicable.
The expiration of the Term or the Residual Term, as applicable, or a termination of this Agreement shall not affect or prejudice any rights or obligations that have accrued or arisen under this Agreement prior to the time of expiration or termination and such rights and obligations shall survive the expiration of the Term or the Residual Term, as applicable, or the termination of this Agreement for a period of time equal to the applicable statute of limitations.
The provisions of Sections [1.1 to 1.6, 1.8 to 1.12, 2.1(c), 2.1(e), 2.2, Article 5, Article 6, Article 8, Sections 10.2, 10.4, 10.5, Article 11, Sections 12.2, 13.1, 13.2, 13.5(c), and 13.7] shall survive the expiration of the Term or the Residual Term, as applicable, or earlier termination of this Agreement.
As more fully specified in Exhibit J, the Non-Performance Adjustment will be calculated for each Interruption Hour in the applicable Pilot Year in which the Facility’s Actual Demand is greater than the Non-Performance Threshold and theAny Non-Performance Adjustments will be settled in the subsequent Pilot Year or the Residual Term, as applicable.
Upon the expiration of the Commitment Term and this Agreement, Allergan will be entitled to the Residual Term Royalty described in SECTION 7.1.2 (RESIDUAL TERM PAYMENTS) during the *** period immediately following the expiration of the Commitment Term (the "RESIDUAL TERM").
As more fully specified in Exhibit J, the Over-Performance Adjustment will be calculated for each Interruption Hour in the applicable Pilot Year in which the Facility’s Actual Demand is less than the Over-Performance Threshold and the Over-Performance Adjustments will be settled in the subsequent Pilot Year or the Residual Term, as applicable.
In the event that this Agreement has not been terminated pursuant to ARTICLE 12 (TERM AND TERMINATION) prior to the end of the Commitment Term, Allergan will be compensated according to the Residual Term Royalty in SECTION 7.1.2 (RESIDUAL TERM ROYALTY) above.
If the ICI Return Adjustment will not be applied and the Participant and the [Sponsor] agree in writing to settle any Non-Performance Adjustments or Over-Performance Adjustments that would otherwise be applicable during the Residual Term as a single lump sum payment within [20] Business Days following the Facility End Date, then the Participant will not be subject to a Residual Term.