SLA Commencement Date definition
Examples of SLA Commencement Date in a sentence
The first monthly payment for each Site shall be due on the SLA Commencement Date for such Site.
The warranties contained in this section 4.6 shall run for a period of six (6) months from the SLA Commencement Date, as defined in the MSA.
If the SLA Commencement Date and the termination date of an SLA do not occur on the first or last day of a month, respectively, the License Fee for such partial period shall be prorated by multiplying the monthly License Fee by a fraction, the numerator of which is the number of days of the applicable partial month during in the term and the denominator of which is the total number of days in the same calendar month.
Licensee shall pay to Licensor on the SLA Commencement Date, the Pro Rata Share of the Extraordinary Site Development Costs related to the development and operation of the applicable Site.
The warranties contained in this Section 4.6 shall run for a period of six (6) months from the SLA Commencement Date, as defined in the MSA.
Except as set forth herein, the date on which the License Fee (as defined below in Section 3(b)) is first due under an SLA shall be the SLA Commencement Date.
The date upon which each SLA commences may hereinafter be referred to as the "SLA Commencement Date".
On the first anniversary of the SLA Commencement Date for each such SBA Site, and on each anniversary of the commencement date for said Sites thereafter throughout the initial term and any renewal term, Rent shall be increased by [***] of the Rent payable during the immediately prior year.
On the first anniversary of the SLA Commencement Date for each SBA Site in Region 2, and on each anniversary of the Commencement Date for said Sites thereafter throughout the Initial Term and any Renewal Term, Rent shall be increased by [***] of the Rent payable during the immediately prior year.
Except for the Interim Sites, the License Fee shall be increased on the first (1st) day of the first (1st) month following the first (1st) anniversary of the SLA Commencement Date and annually thereafter by two and one-half percent (2.5%) (“Escalation Rate”) over the License Fee for the immediately preceding year.