Applicable Term definition

Applicable Term means the Applicable Term set forth on Exhibit E for the Applicable Assets as such Applicable Term may be extended from time to time pursuant to Exhibit E.

Applicable Term means the Initial Term, together with any Extension Term, if applicable.

Applicable Term means the Applicable Term set forth on Exhibit D for the Applicable Assets as such Applicable Term may be extended from time to time pursuant to Exhibit D.

Examples of Applicable Term in a sentence

• The Relevant Asset Owner shall give prompt notice to the Related Refinery Owner of any release of any Hazardous Substances on or at the Applicable Premises or Shared Access Facilities that occur during the Applicable Term.

• If, during the Applicable Term of this Lease, changes in the operations, facilities or methods of either the Related Refinery Owner or the Relevant Asset Owner will materially benefit one of them without detriment to the other, the Related Refinery Owner or the Relevant Asset Owner commit to each other to make reasonable efforts to cooperate and assist each other.

• Except as otherwise agreed by the Related Refinery Owner and the Relevant Asset Owner, the Relevant Asset Owner shall, during the Applicable Term, maintain or cause to be maintained property and casualty insurance (including pollution insurance coverage) on the Applicable Premises and the Applicable Assets and Additional Improvements in accordance with customary industry practices and with a licensed, reputable carrier.

• Taxes for the first and last years of the Applicable Term shall be prorated between the Related Refinery Owner and the Relevant Asset Owner based on the portions of such years that are coincident with the applicable tax years and for which each of them is responsible.

• During the Applicable Term but subject to the provisions of this Section 6.2, the Relevant Asset Owner shall pay all Taxes assessed directly against the Taxable Assets directly to the applicable taxing authority prior to delinquency and shall promptly thereafter provide the Related Refinery Owner with evidence of such payment.

More Definitions of Applicable Term

Applicable Term has the meaning set forth in Article 7.

Applicable Term means the term stated in an Order Schedule or, if no such term is stated in an order schedule, the term stated in this Service Agreement.

Applicable Term means, with respect to any provision of this Agreement, the period during which such provision is operative, as set forth herein.

Applicable Term the Initial Term and any renewal or extension thereof.

Applicable Term means the term stated in an Order Schedule, beginning on the Effective Date.

Applicable Term means in respect of a SmartPac Unit produced or sold in a particular nation, country or other jurisdiction that has issued one or more Seller Patents pertaining to the SmartPac Unit, the period of time beginning on the Closing Date and continuing until the expiration of the last to expire of such Seller Patents and means in respect of the licensing by any Purchaser Entity of any Seller Patent the expiration or termination of such Seller Patent, in each case unless and until terminated prior thereto by written agreement of the Seller and Purchaser.

Applicable Term means the Service term stated in an Order Schedule.