Successor term definition

Successor term means a term that the United States bureau of labor statistics uses in place of another term in revisions to the CPI.
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Successor term means any consecutive two-year period commencing after the expiration of the Initial Term as set forth in Section 3(b).
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Successor term means the First Successor Term or Second Successor Term, as the context requires.
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Examples of Successor term in a sentence

  • Upon the expiration of the Initial Term or applicable Successor term hereof, Town agrees to pay CPI any balance owed CPI provided for in Exhibit B.


More Definitions of Successor term

Successor term means additional 10 consecutive year periods each following the Initial Term, or such other period set out in the agreement then in effect between TAB and You.
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Successor term means a period of 5 years.
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Successor term. – means the First Successor Term (as defined in Section 3.1 below), the Second Successor Term (as defined in Section 3.1 below) or both the First Successor Term and the Second Successor Term collectively.
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Related to Successor term

  • Successor Rate means a successor to or replacement of the Original Reference Rate which is formally recommended by any Relevant Nominating Body.

  • Term SOFR Successor Rate has the meaning specified in Section 3.03(b).

  • Successor Rate Conforming Changes means with respect to any proposed Successor Rate, any spread adjustments or other conforming changes to the timing and frequency of determining rates and making payments of interest and other administrative matters as may be appropriate, in the discretion of Administrative Agent, to reflect the adoption of such Successor Rate and to permit the administration thereof by Administrative Agent in a manner substantially consistent with market practice.

  • Renewal Period the period described in clause 13.1.

  • LIBOR Successor Rate Conforming Changes means, with respect to any proposed LIBOR Successor Rate, any conforming changes to the definition of Base Rate, Interest Period, timing and frequency of determining rates and making payments of interest and other administrative matters as may be appropriate, in the discretion of the Administrative Agent, to reflect the adoption of such LIBOR Successor Rate and to permit the administration thereof by the Administrative Agent in a manner substantially consistent with market practice (or, if the Administrative Agent determines that adoption of any portion of such market practice is not administratively feasible or that no market practice for the administration of such LIBOR Successor Rate exists, in such other manner of administration as the Administrative Agent determines in consultation with the Borrower).