JV Term definition

JV Term will have the meaning set forth in Section 14.1.
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JV Term means twenty (20) years starting from the date of this Agreement.
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JV Term means a period from and including the Initial Completion Date until and including the date falling seven (7) years after the Initial Completion Date, as may be extended in accordance with Clause 25.1.2;
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Examples of JV Term in a sentence

  • If the Parties agree to extend the JV Term, an application for extension shall be filed with the Examination and Approval Authority not later than six (6) months prior to the expiration of the JV Term.

  • Prior to the expiry of the JV Term or any extension thereof, the Parties may agree to extend such term, subject to the approval of the Examination and Approval Authority and the relevant requirements of Laws.

  • The purpose of the JV Term Sheet is to set out in broad terms the management structure of the JV Group after the Subscription Completion, the grant of the Put Option and the Call Option.

  • Negotiations for such extension shall begin not later than one (1) year prior to the expiration of the JV Term.


More Definitions of JV Term

JV Term means the period of time that the JV is in existence pursuant to the JV Agreement.
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JV Term has the meaning set forth in Section 3.1(a).
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Related to JV Term

  • Project Term the period from the Operation Commencement Date to the Expiry Date or the Termination Date, whichever occurs first, which is further described in Clause 3;

  • Initial Term has the meaning set forth in Section 7.1.

  • Renewal Period “Buyer” and “Default” have the same meanings respectively as they have in the Water Agreement.

  • Agreement Term has the meaning set forth in Section 11.1.

  • Development Term means the period commencing on the Closing Date and ending on the earlier of (a) the Option Closing Date or (b) the date the Option terminates or expires other than by exercise.

  • Contract Term means period of performance set forth in the paragraph entitled “Term” contained in Exhibit E.

  • Renewal Term has the meaning set forth in Section 2.

  • Original Term means the period from the Commencement Date until the end of the fiscal year of Lessee in effect at such Commencement Date.

  • Ramp Period The Ramp Period shall begin on the Effective Date and continue for a period of 3 months following the Effective Date. Commencing with the Effective Date and at all times during the Ramp Period thereafter, Customer will receive the rates, discounts, charges and credits set forth herein and will not be subject to the AVC. Annual Volume Commitment (“AVC”): $360,000 in Total Service Charges (“AVC”) during each contract year of the Term (following the expiration of the Ramp Period).

  • Service & Term XOOM Energy Ohio, LLC (“XOOM” or “Company”) agrees to act as your exclusive natural gas supplier and will provide competitive retail natural gas service to you. The Term of this Agreement will begin on the next available meter read date after processing of the request by XOOM and your gas utility, and will continue for the Contract Term as set forth in the accompanying Contract Summary, which is incorporated into this Agreement. Acceptance into the Program:These terms and conditions are subject to your acceptance into the program by both XOOM and your local utility. You will be promptly notified if you are not accepted into the program. Switching fees may apply to you under your local utility’s tariff if you are accepted into the program by both XOOM and your local utility.

  • Extended Term shall have the meaning given such term in Section 2.4.

  • Operation Period means the period commencing from COD and ending on the Transfer Date;

  • Exclusivity Period shall have the meaning set forth in Section 6.11.

  • Research Term has the meaning set forth in Section 3.2.

  • Collaboration Term has the meaning set forth in Section 2.2.

  • Minimum Term means each minimum initial and subsequent period of service for each Service as shown on the Service Agreement and Order Schedule, the initial period to start on the date on which the relevant Service is first made available to you for use. For the avoidance of doubt, unless otherwise agreed or if not stated on the Service Agreement or order schedules, the Minimum Term will be 12 months or such other period as may be notified to you in accordance with paragraph 19.2.

  • Basic Term shall have the meaning specified in Section 2.2 of the Lease.

  • Promotion Period means the period the Promotion is open, as specified in clause 5.1.

  • Transition Period means the period beginning with the Registration Date and ending as of the earlier of: (i) the date of the first annual meeting of stockholders of the Company at which directors are to be elected that occurs after the close of the third calendar year following the calendar year in which the Registration Date occurs; and (ii) the expiration of the “reliance period” under Treasury Regulation Section 1.162-27(f)(2).

  • Development Period means the period from the date of this Agreement until the Appointed Date;

  • License Term means in respect of each Site, the period for its license to be used by the Access Seeker commencing on the Commencement Date and as stipulated in the respective SLO.

  • Additional Term shall have the meaning set forth in Section 8.2.

  • Initial Period means the period from (and including) the Issue Date to (but excluding) the First Call Date;

  • Extension Term means the time period defined in §2.C.

  • Operating Period for any Element of the Project shall mean the period from (and including) the COD of such Element of the Project, up to (and including) the Expiry Date and for the Project, shall mean the period from (and including) the COD of the Project, up to (and including) the Expiry Date;