Term company definition

Term company means a limited liability company designated as a term company in its articles of organization."
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Term company means a limited liability company in which its members have agreed to remain members until the expiration of a term specified in the articles of organization.
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Term company means a limited liability company in which its
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Examples of Term company in a sentence

  • Upon expiration of the Term, company associated users shall lose paid access to any purchased tests (including incomplete tests).

  • In case, the Parties do not extend the Term, (company name) shall deliver the physical possession of the Plot, to IMFPPL.

  • With such short period report, a corporation must submit complete details showing how it computed amounts using the rules for this section for the period it is subject to tax in New York State, if for less than a full year.

  • The sample of C60 fullerite was compacted at the Umea University (Sweden) of a fullerite powder of high purity (99.99% by weight) produced by the Term company, USA, Berkelеy.


More Definitions of Term company

Term company means a limited liability company in
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Term company means a limited liability company in which its members have
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Term company means a company in which its members have specified a limited amount of time in which to be in business. (11 VSA § 3001(21))
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Related to Term company

  • Term Commitment means, as to each Term Lender, its obligation to make Term Loans to the Borrowers pursuant to Section 2.01(a) in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Term Lender’s name on Schedule 2.01 under the caption “Term Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Term Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Term contract means contracts established by the chief procurement officer for specific supplies, services, or information technology for a specified time and for which it is mandatory that all governmental bodies procure their requirements during its term. As provided in the solicitation, if a public procurement unit is offered the same supplies, services, or information technology at a price that is at least ten percent less than the term contract price, it may purchase from the vendor offering the lower price after first offering the vendor holding the term contract the option to meet the lower price. The solicitation used to establish the term contract must specify contract terms applicable to a purchase from the vendor offering the lower price. If the vendor holding the term contract meets the lower price, then the governmental body shall purchase from the contract vendor. All decisions to purchase from the vendor offering the lower price must be documented by the procurement officer in sufficient detail to satisfy the requirements of an external audit. A term contract may be a multi‑term contract as provided in Section 11‑35‑2030.

  • Term SOFR means the forward-looking term rate based on SOFR that has been selected or recommended by the Relevant Governmental Body.

  • Other Term Commitments means one or more Classes of term loan commitments hereunder that result from a Refinancing Amendment.

  • Incremental Term Commitment means, with respect to any Lender, the commitment, if any, of such Lender, established pursuant an Incremental Facility Agreement and Section 2.21, to make Incremental Term Loans of any Series hereunder, expressed as an amount representing the maximum principal amount of the Incremental Term Loans of such Series to be made by such Lender.

  • B-BBEE means broad-based black economic empowerment as defined in section 1 of the Broad-Based Black Economic Empowerment Act;

  • Incremental Term Commitments has the meaning set forth in Section 2.14(a).

  • Long-term contract means a contract with a duration period exceeding one year;

  • Initial Term Loan Lender means a Lender with an Initial Term Loan Commitment or an outstanding Initial Term Loan.

  • Converted entity means the converting entity as it continues in existence after a conversion.

  • Term C Loan is defined in Section 2.2(a)(iii) hereof.

  • Initial Term Facility means the Initial Term Loan Commitments and the Initial Term Loans made hereunder.

  • Tranche B Term Loan as defined in Section 2.1.