Second Term definition

Second Term means the period of five years following expiry of the Initial Term;

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Second Term means the five-year period commencing upon the expiration of the First Term and ending on the tenth anniversary of the date of this Agreement.

Second Term shall normally mean the period from the first day of January to the thirtieth of April.

Examples of Second Term in a sentence

• The Authority may, at its discretion, by giving notice to the Provider at any time up to six (6) months before the expiry of the Initial Term, renew this agreement for a further term of three (3) years from the expiry of the Initial Term (the "Second Term").

• The obligations of the Borrowers under the Credit Agreement with respect to the Second Term Loan will be secured by the Collateral without having to amend the Collateral Documents.

• The first twenty-eight principal installments shall each be in the amount of $65,517 and the twenty-ninth and final installment shall be in an amount equal to the unpaid principal balance of the Second Term Loan plus all accrued and unpaid interest thereon.

• The first instalment is due as part of the First Term Tuition & Fees payment in August and the second instalment is due as part of Second Term Tuition & Fees Payment deadline.

• Also, if during the Second Term, the Bank terminates Employee without Cause or Employee terminates his employment hereunder for Good Reason, Employee shall be entitled to any earned but unpaid amount of the fully discretionary Second Special Award on a pro rata basis for the period up to the date the Termination occurs and be paid as soon as administratively practicable following the date of the Termination.

More Definitions of Second Term

Second Term has the meaning set forth in Section 9.1.

Second Term means the perio

Second Term means the period specified as such in Schedule 5 to this licence; “source-rock production” has the meaning given to it in clause 19(7);

Second Term means a period of four years following expiry of the Initial Term;

Second Term has the meaning set forth in Section 1.3 to this Agreement.

Second Term means the timeframe specified in Item 5 (“Term”) of Schedule 1, which may be granted to the Agent upon application in accordance with clause 15.2 (“First Term – Notice to extend or expire”). Second Termination Date means the date on which the Second Term expires (counting from the First Termination Date).

Second Term has the meaning as set forth under Section 19.2.