Initial Contract Term means the continuous period of twelve Months commencing on the Commencement Date or any part thereof agreed by the Company and the Owner and recorded in writing “Contract Fee” means the sum paid by the Owner for the Contract
Initial Contract Term means the initial period for performance under a Contract after which the Contract will either terminate or be extended pursuant to a Renewal or Extension.
Examples of Initial Contract Term in a sentence
Upon mutual written agreement, the Parties may renew this Contract, in whole or in part, for a Renewal Term not to exceed the Initial Contract Term, pursuant to the incorporated Special Contract Conditions.
The Initial Contract Term shall begin on October 1, 2021, or on the last date the Contract is signed by all Parties, whichever is later.
The Initial Contract Term shall be for four years, with no renewals.
The Initial Contract Term shall begin on October 1, 2023, or on the last date signed by all parties, whichever is later.
During the Initial Contract Term or any Renewal Contract Term, the Contractor will furnish all of the Goods or Services described in the Contract Documents of Contractor by APS.
More Definitions of Initial Contract Term
Initial Contract Term means the period specified in Item 1 of the Schedule; Initial Extension means the extension of the Contract Term referred to in clause 5.2; KPI means Key Performance Indicators annexed hereto as Annexure 2, as amended from to time to time in accordance with this Contract; Litter includes but is not limited to rubbish, debris and green waste; Maintenance Schedules means the maintenance schedules prepared by the Contractor in accordance with Annexure 4; Management Fee means the annual fee payable by the Town to the Contractor in consideration of the due performance by the Contractor of its obligations pursuant to this Agreement. The Management fee for the Initial Contract Term is specified in Item 3 of the Schedule; Municipal District means the district of the Town as established and defined by the provisions of the Local Government Xxx 0000;
Initial Contract Term means the minimum period of provision of the Services, as so specified in the SRCA;
Initial Contract Term. The Contract becomes effective on _____________________ and extends for a period of year(s).
Initial Contract Term means the term that commences on the First Productive Use date and continues in effect for five (5) years.
Initial Contract Term means the period specified as the Initial Contract Term in the Contract Details (or, where no Initial Contract Term is expressly stated in the Contract Details, the period in respect of which the rates of the charges are stated to apply as set out in the Contract Details);
Initial Contract Term. This Contract becomes effective on upon award and extends for a period of one (1) year(s).