Term Contract Increment definition

Term Contract Increment means, for purposes of Part 7(j), any portion of a Term Contract (each, a “Relevant Portion”) where the final delivery under such Relevant Portion is required to occur no later than the last calendar day of the second calendar month following the calendar month in which such Relevant Portion is proposed to MLC in a Trade Blotter as a Prospective Purchase Contract.
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Examples of Term Contract Increment in a sentence

  • Party A may decline to approve the consummation of any Prospective Purchase Contract that is Term Contract Increment on any basis that would allow Party A to decline to approve such type of Prospective Purchase Contract (e.g., a Party B LC Purchase Contract) under any provision of Part 7(a) (other than the requirements of Part 7(a)(ix)(D)), and/or the requirements of this Part 7(j).

  • From time to time, Party B may propose to Party A a Prospective Purchase Contract that is a Term Contract Increment.

  • Party A’s approval of the consummation of any Prospective Purchase Contract that is a Term Contract Increment will not require Party A to approve the consummation of any other Prospective Purchase Contract that is a different Term Contract Increment of the same Term Contract where such different Term Contract Increment does not satisfy the applicable requirements of Part 7(a) and this Part 7(j).

  • For the avoidance of doubt, any obligation of Party A to provide a letter of credit or other credit support in connection with an approved Term Contract Increment shall apply only with respect to Party B’s obligations under such Term Contract Increment and shall not apply to Party B’s obligations under any other portion of the applicable Term Contract to which such Term Contract Increment relates.

  • Party A’s review of any Prospective Purchase Contract that is a Term Contract Increment shall not be subject to the otherwise applicable time constraints set forth in Part 7(a)(i).

  • In any case where Party A approves the consummation of a Prospective Purchase Contract that is a Term Contract Increment, the resulting contract shall be subject to all of the requirements of this Agreement that apply to the relevant type of Prospective Purchase Contract (e.g., in the case of a Prospective Purchase Contract that is a Party B LC Purchase Contract, all of the requirements of this Agreement that apply to Party B LC Purchase Contracts).

Related to Term Contract Increment

  • Scan increment means the amount of relative displacement of the patient with respect to the CT x-ray system between successive scans measured along the direction of such displacement.

  • Term Commitment Increase has the meaning specified in Section 2.14(a).

  • Fixed Incremental Amount means (i) the greater of $610,000,000 and 100% of Consolidated EBITDA as of the last day of the most recently ended Test Period minus (ii) the aggregate outstanding principal amount of all Incremental Facilities, Incremental Equivalent Debt and/or Indebtedness incurred pursuant to Section 7.03(r)(ii)(A), in each case incurred or issued in reliance on this definition.

  • Incremental Facility Amendment has the meaning specified in Section 2.14(d).

  • Incremental Revolving Increase has the meaning set forth in Section 2.16(a).