Term Years definition

Term Years means each 365-day period commencing on --------- ---------- the Effective Date for the duration of the Term (as defined in Section 4.01(a)); it being understood that the Term contains five Term Years.
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Term Years means more than one (1) Term Year. A "Partial Term Year" means if the Completion Date is a date other than November 1, then the period from the Completion Date to the first day of the first Term Year. Unless otherwise expressly provided for herein, all terms and conditions herein shall apply the same to a Partial Term Year as to a Term Year; PROVIDED, HOWEVER, that all payments and other financial obligations shall be apportioned or prorated pursuant to Section 28.6 hereof.
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Examples of Term Years in a sentence

  • Where years are not specifically designated as Term Years, they are calendar years.

  • The term “commercially reasonable efforts” in this Section 3.17(c) does not require Seller to pay or incur more than $20,000 multiplied by the number of Term Years in the Term.

  • For each of the Term Years after the first Term Year, the total Maintenance Debit Value for Maintenance Outages may not exceed 550 hours plus hours carried over from prior Term Years; provided, however, that such Maintenance Debit Value may not exceed 600 hours in any Term Year.

  • PPA Rate ($/kWh) PPA Term (Years) 0.1475 commencing on the Commercial Operation Date 3.00% on each anniversary of the Commercial Operation Date The following Termination Values are based on the Standard System Design Package described in Exhibit A.

  • The term “commercially reasonable efforts” in Sections 9.03(a) and 9.03(b) does not require Seller to pay or incur more than $20,000 multiplied by the number of Term Years in the Term.

  • Within thirty (30) days after the end of each of first ten Facility Term Years, Seller shall provide SCE Notice of the Generating Facility’s actual availability.

  • Commencing as of the Effective Date, each audit shall be limited to the two Term Years prior to the then-current Term Year (it being understood that accounting statements covering periods prior to the Effective Date shall be governed by the Prior Agreement).

  • The anticipated […***…] invoices for the FTE funding under Section 5.3.1 for the second and subsequent Research Term Years will be sent together with written reports referred to in Section 5.3.2. Merck shall pay the invoiced amounts within […***…] from receipt of said invoice.

  • This Agreement provides that the mortgage broker company, for a period of days, will exercise its efforts to negotiate and obtain a bona fide mortgage loan commitment on behalf of the applicant, based on the following (or better) terms and conditions: Principal Amount $ Interest Rate % Fixed rate or variable rate Term Years of amortization The interest rate Is locked in for days.

  • The Non-Seasonal Exclusive Use Rate for Signatory Airlines for each of the remaining Full Term Years shall equal the product of (A) the CPI Factor for that year multiplied by (B) the Exclusive Use Rate for the prior Term Year.