Prior Term definition

Prior Term. Prior Term shall mean the period of time beginning on the Strategic Alliance Effective Date and ending on the Effective Date.
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Prior Term means the term which commenced on May 1, 1987 and terminated on the day prior to the date hereof pursuant to which Tenant occupied all or a portion of the Premises pursuant to lease dated November 28, 1986, as amended ("Prior Lease").
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Examples of Prior Term in a sentence

  • This reduction shall be in an amount (the "Reduction Amount") equal to (i) the higher of (A) the Minimum Sales Commitment for the Adjustment Period or (B) the actual sales by Newtech of microwave ovens during the Prior Term (the "Actual Prior Term Sales") multiplied by (ii) the Reduction Percentage.

  • The Reduction amount will then be subtracted from the higher of (i) the Minimum Sales Commitment for the Adjustment Period or (ii) the Actual Prior Term Sales, to determine the new Minimum Sales Commitment for the Adjustment Term; provided, however that if this computation yields an amount greater than the Minimum Sales Commitment for such Term, then no adjustment shall be made.

  • Subject to the terms and conditions set forth herein, each Lender severally agrees to make (or convert from Prior Term Loans, in the case of the Continuing Lenders) to the Borrower a single loan denominated in Dollars equal to such Lender’s Commitment on the Closing Date.

  • Effective as of the Effective Date, this Agreement supersedes the Prior Term Sheet in its entirety and you have no further rights or entitlements under the Prior Term Sheet.

  • The Term Facility was drawn in full on August 27, 2018 with the proceeds settling the amounts owed under the Prior Term Facility and Prior Multicurrency Revolving Facility.

  • Prospect eligibility (and the right to receive Homeowner Credits) for each Prior Term shall be determined in accordance with the Official Rules in effect at the time when the Prospect was introduced to the Community and the Sales Contract executed.

  • Prior to execution of the Credit Facility, we were party to a credit facility that consisted of a $300.0 revolver (Prior Revolver) and a $250.0 term loan (Prior Term Loan).

  • In order to exercise the Option Term, the Establishing JBE must send Notice to Contractor at least thirty (30) days prior to the end of the Prior Term.

  • Borrower and Bank acknowledge and agree that Borrower is obligated to Bank for the “Term Loan” (as that term is used in the Prior Agreement, and which is herein referred to as the “ Prior Term Loan”), the principal amount of which was $4,652,192.66 as of April 9, 2012.

  • The Prior Facility consisted of a $250.0 term loan (Prior Term Loan) and a $300.0 revolving credit facility (Prior Revolver), both of which were scheduled to mature in May 2020.

Related to Prior Term

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

  • Order Term means the period of time starting on the Services Start Date for the Services and continuing for the period indicated on the Order Form unless terminated in accordance with the Agreement.

  • Initial Termination Date has the meaning set forth in Section 8.2(a).

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

  • First Extension Period means a period of twelve (12) consecutive months following the Initial Maturity Date.

  • Additional Term means that term commencing on the last day of the Basic Term and terminating 5 years thereafter.

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

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

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

  • Resolution Extension Period As defined in Section 2.03(b).

  • Negotiation Period has the meaning given in Clause 5.10;

  • transitional period means the period of time beginning on the

  • 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;

  • Original Term shall have the meaning specified in Section 10 hereof.

  • Extended Term shall have the meaning set forth in Section 2.

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

  • 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).

  • Evaluation Period bears the meaning ascribed thereto in Section 7.4(d)(i);

  • Renewal Date means the effective date of Renewal. The first Renewal Date shall be the date as specified in the Policy Schedule (which shall not be later than the first anniversary of the Policy Effective Date) and the subsequent Renewal Date(s) shall be the anniversary(ies) of the first Renewal Date. The relevant Renewal Date shall be specified in the notification of Renewal in accordance with Section 3 of Part 4.

  • Optional Termination Date Any Distribution Date on or after which the Stated Principal Balance (after giving effect to distributions to be made on such Distribution Date) of the Mortgage Loans is less than 10.00% of the Cut-off Date Balance.

  • Extended Termination Date has the meaning specified in Section 2.16(c).

  • 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.

  • Collaboration Term has the meaning specified in Section 2.1.2 hereof.

  • Minimum Term means the minimum initial period of service for each Service as shown on the Service Agreement and Order Schedule, such 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 the minimum term will be 12 months from your contract commencement date or other such date as may be notified to you in accordance with paragraph 19.2.

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

  • Term of this Agreement means the term of the current collective agreement between the Board and the Association;