the Initial Term definition

the Initial Term means the period specified as such in Schedule 5 on the date that this Licence was granted;

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the Initial Term means a period of one year and capable of extending thereafter on a year to year basis at the parties discretion and agreement for a maximum period of ten years from the date of this agreement and thereafter as agreed between the Parties by further negotiation

the Initial Term means the period specified as such in Schedule 5 of the Licence on the date that this Licence was granted;

Examples of the Initial Term in a sentence

• This authorization will remain in effect during the Initial Term and any Renewal Term.

• The Term shall include the Initial Term and, where applicable, any Extended Term agreed between the Parties in accordance with Schedule 1.

• If neither Party terminates this Agreement as of the last day of the Initial Term, this Agreement shall continue in force and effect on a month-to-month basis unless and until terminated as provided in this Agreement.

• Either Party may terminate this Agreement effective upon the expiration of the Initial Term by providing written notice of termination (Notice of Termination) at least ninety (90) Days prior to the last day of the Initial Term.

• Either Party may terminate this Agreement after the Initial Term by providing a Notice of Termination at least thirty (30) Days prior to the effective date of such termination.

More Definitions of the Initial Term

the Initial Term means the period of one year from 1 April 2018 to 31 March 2019;

the Initial Term means a period of 3 years terminating on 31 March 2008;

the Initial Term means the initial term for the supply of the Services as specified in schedule 1;

the Initial Term means One year commencing on the Commencement Date. Plus three optional months (additional).

the Initial Term means two years commencing on 24th June 1996; "Key Employee" - means an employee or officer of any of the Companies who in the year preceding Termination received an annual salary at a rate exceeding $20,000 or such other figure which in its absolute discretion the Board having regard to all the circumstances, deems appropriate and any change to this figure shall have effect only if notified in writing to the Executive prior to Termination;

the Initial Term means five years commencing on the Commencement Date. Plus up to five optional years (additional).

the Initial Term means the period from 1st April 2018 to 31st March 2020