Applicable Period Defined Sample Clauses

Applicable Period Defined. The “applicable period” is the period beginning with the preceding Calculation Date and ending with the current Calculation Date, which normally will be 12 months. For the initial year of any tenancy, the annual rent increase percentage shall be prorated, as necessary to account for the first applicable period being more or less than 12 months. For example, if the Initial Calculation Date is eight months before the current Calculation Date, and the CPI increase over that time period was 6%, the permissible increase would be 4% [8/12 x 6%].
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Related to Applicable Period Defined

  • Applicable Period See Section 2(b) hereof.

  • NEGOTIATED DEFINITIONS Wherever used in Articles IV, V, and VI, the following terms shall have the following meanings, unless the context in which used clearly indicates another meaning or otherwise; provided however, if there is a conflict between a term defined in this section and a term defined in the Act, the Comptroller’s Rules, or Section 1.1 of Agreement, the conflict shall be resolved by reference to Section 10.9.C.

  • Effectiveness Definitions 2 1.1 Closing ............................................................................. 2 1.2 Definitions ......................................................................... 2

  • Amended Definition The following definition in Section 1.1 of the Credit Agreement shall be and it hereby is amended and restated in its entirety to read as follows:

  • Amended Definitions The following definitions in Section 1.01 of the Credit Agreement shall be and they hereby are amended and restated in their respective entireties to read as follows:

  • FTE Definition Effective September 1, 2017, part-time teacher FTE will be determined by the ratio of the teacher’s actual annual instructional time to the teacher instructional time of a full-time assignment in the teacher’s school. This FTE will be used to calculate the prorated portion of a teacher’s assignable time.

  • Additional Definition Section 1.02 of the Credit Agreement is hereby amended to add thereto in alphabetical order the following definition which shall read in full as follows:

  • Introductory Period Employees will be hired into a six (6) month introductory period for the first six (6) months of continuous employment. An employee will become a regular employee after successful completion of the introductory period. An employee removed from the introductory period will not have recourse to the grievance procedure to contest the removal.

  • Additional Definitions The following terms have the meanings given below:

  • Deleted Definitions Subject to Section 2.01 hereof, the Indenture is hereby amended by deleting any definitions from the Indenture with respect to which references would be eliminated as a result of the amendment of the Indenture pursuant to Section 1.01 hereof.

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