NRAS Anniversary Clause Samples

NRAS Anniversary. On the NRAS Anniversary Date, the Operator will review the Occupancy Fees and any other relevant Fees against the NRAS Market Index. Where the NRAS Market Index is less, the Operator will apply an adjustment to the Occupant’s account to ensure the Occupant continues to be charged not more than 80% of market rent for the Room. Where the NRAS Market Index increases, the operator will apply additional charges providing the occupant 30 days written notice prior to increasing the rent. Subject to the condition that: a) The increment is at least the six months after the tenancy started; OR b) Six months from the last increase.
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Related to NRAS Anniversary

  • CONTRACT ANNIVERSARY The same day and month as the Contract Date for each succeeding year of this contract.

  • Anniversary Date A regular employee’s initial date of current employment with the Employer as a regular employee shall be her anniversary date for the purpose of determining benefits and for the purpose of determining increment anniversary date. (Reference Article 6.05 - Superior Benefits and Article 12.03 - Increments).

  • Anniversary Fee A fully earned, non-refundable anniversary fee of Twenty Thousand Dollars ($20,000,00), which fee shall be earned as of the date hereof, and shall be payable on the date that is one year from the 2008 Effective Date;

  • Anniversary Dates Except as may otherwise be provided for in deep class resolutions, anniversary dates will be set as follows:

  • Vesting Date All remaining shares of Restricted Stock will become vested on the Vesting Date.