Initial Calendar Year definition

Initial Calendar Year. The calendar year in which the Operating Expense --------------------- Commencement Date occurs.
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Initial Calendar Year. As defined in Section 8.4.
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Initial Calendar Year means the Calendar Year (as hereinafter defined) in which the Commencement Date occurs.
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Examples of Initial Calendar Year in a sentence

  • For each calendar year after the Initial Calendar Year, such Restaurant shall pay a monthly royalty fee based on the Net Restaurant Sales of the preceding calendar year (annualized for Restaurants open less than twelve months in the previous calendar year).

  • Tenant shall pay as additional rent Tenant's Proportionate Share of Operating Expenses for each calendar year, commencing with the Initial Calendar Year.

  • Subject to the Non-Employee Director Compensation Limit (defined below), for each calendar year following the Initial Calendar Year, each Non-Employee Director will receive the cash compensation set forth below for service on the Board.

  • After the end of each calendar year, including the Initial Calendar Year, Landlord shall submit to Tenant a statement (the "Annual Operating Expense Statement") setting forth in reasonable detail the Operating Expenses for such calendar year and the amount (if any) of Operating Expense Increases for such calendar year.

  • Landlord shall, within a period of one hundred twenty (120) days (or as soon thereafter as practical) after the close of each such respective calendar year following the Initial Calendar Year provide Tenant an unaudited statement of such year's actual Operating Costs compared to the Initial Operating Costs (such unaudited statement shall be herein referred to as the "Final Annual Statement of Operating Costs").

  • Landlord shall make a reasonable estimate of Operating Expense Increases for the Initial Calendar Year and each calendar year thereafter Tenant shall pay to Landlord a properly prorated share of the estimated amount of Operating Expense Increases for each calendar year on the first day of each month in advance, beginning on the first day of the Initial Calendar Year.

  • If Landlord has not furnished Tenant such comparison by January 1 of a calendar year after the calendar year immediately following the Initial Calendar Year, Tenant shall continue to pay on the basis of the prior year's estimate until the month after such comparison is given.

  • Tenant shall pay as additional rent Tenant's Office Proportionate Share of Office Operating Expenses and Tenant's Retail Proportionate Share of Retail Operating Expenses for each calendar year, commencing with the Initial Calendar Year." In addition, each reference in Section 3(b) of the Original Lease to "Tenant's Operating Expenses" shall be replaced by "Tenant's Proportionate Share of Operating Expenses".

  • In no event, however, shall Tenant pay as Operating Costs an amount which is less than the Initial Operating Costs for the Initial Calendar Year.

  • For each calendar year following the Initial Calendar Year, each Non-Employee Director will receive the cash compensation set forth below for service on the Board.


More Definitions of Initial Calendar Year

Initial Calendar Year means the period commencing on the Effective Date and ending on the subsequent December 31.
Sample 1
Initial Calendar Year. The calendar year in which the Lease Commencement Date occurs.
Sample 1

Related to Initial Calendar Year

  • Calendar Year means each successive period of twelve (12) months commencing on January 1 and ending on December 31.

  • Distribution Calendar Year means a calendar year for which a minimum distribution is required. The first Distribution Calendar Year is the calendar year immediately preceding the calendar year that contains the Participant’s Required Beginning Date and the last Distribution Calendar Year is the calendar year that contains the Participant’s date of death. The required minimum distribution for the Participant’s first Distribution Calendar Year shall be made on or before the Participant’s Required Beginning Date. The required minimum distribution for other Distribution Calendar Years, including the required minimum distribution for the Distribution Calendar Year in which the Participant’s Required Beginning Date occurs, shall be made on or before December 31 of that Distribution Calendar Year.

  • Crop year means any 12 month period which represents the planting, growing, harvesting and marketing of an insurable crop, as stated in the Schedules;

  • Testing Period means a single period consisting of the four consecutive fiscal quarters of the Borrower then last ended (whether or not such quarters are all within the same fiscal year), except that if a particular provision of this Agreement indicates that a Testing Period shall be of a different specified duration, such Testing Period shall consist of the particular fiscal quarter or quarters then last ended that are so indicated in such provision.

  • Preceding year means a period of 12 consecutive months fixed by the division

  • Annual Period means each twelve (12) month period commencing on the Effective Date and, thereafter, on each anniversary of the Effective Date.

  • Contract Year means each period of twelve (12) consecutive months during the Initial Term of this Agreement, with the first Contract Year commencing on the Effective Date, and with each subsequent Contract Year commencing on the anniversary of the Effective Date.

  • Project Year means the 12 month period beginning from the Effective Date and ending 12 months thereafter and each successive 12 month period following thereafter;

  • Anniversary Year The one-year period beginning on the Closing Date and ending on the first anniversary thereof, and each subsequent one-year period beginning on the day after the end of the preceding Anniversary Year and ending on next succeeding anniversary of the Closing Date.

  • Minimum Quarterly Distribution means $0.35 per Unit per Quarter (or with respect to the period commencing on the Closing Date and ending on September 30, 2005, it means the product of $0.35 multiplied by a fraction of which the numerator is the number of days in such period and of which the denominator is 92), subject to adjustment in accordance with Section 6.6 and Section 6.9.

  • Limitation Year means the Plan Year.

  • Quarterly Period means each period of three (3) consecutive months ending on March 31, June 30, September 30, and December 31.

  • Remaining Dollar-Years means the amount obtained by (1) multiplying the amount of each then-remaining principal payment on such Debt by the number of years (calculated at the nearest one-twelfth) that will elapse between the date of determination of the Weighted Average Life to Maturity of such Debt and the date of that required payment and (2) totaling all the products obtained in clause (1) above.

  • Program Year means the annual period beginning January 1 and ending December 31.

  • Grant Year has the same meaning as in subclause 1(1) of Schedule 1 of HESA; ‘HESA’ means the Higher Education Support Xxx 0000; ‘maximum basic grant amount’ or ‘MBGA’ has the same meaning as in subclause 1(1) of Schedule 1 of HESA.

  • Calendar Week means any period of 7 days starting with the same day as the first day of the First Assignment;

  • Testing Date means 31 December of each year.

  • Plan Year means the calendar year.

  • Annual Accounting Period or “Financial Year” means the period commence on 1st July and shall end on 30th June of the succeeding calendar year.

  • Year means a calendar year.

  • Prior Month Receipt Period With respect to each Distribution Date, the calendar month preceding the month in which such Distribution Date occurs.

  • Non-Call Period has the meaning set forth under the definition of “Specific Redemption Provisions.”