Common use of Operating Year Clause in Contracts

Operating Year. each calendar year during the term of this Agreement, except that the first Operating Year shall be a partial year beginning on the Effective Date and ending on the following December 31, and if this Agreement is terminated effective on a date other than December 31 in any year, then the partial year from January 1 of the year in which such termination occurs to such effective date of termination.

Appears in 2 contracts

Samples: Management Agreement (Gta-Ib, LLC), Management Agreement (Golf Trust of America Inc)

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Operating Year. each calendar year during the term of this AgreementTerm, except that the first Operating Year (if not commenced on January 1) shall be a partial year beginning on the Effective Date Date, and ending on the following December 3131 of such year, and if this Agreement expires or is terminated effective on a date other than December 31 in any year, then the last Operating Year shall also be a partial year from commencing on January 1 of the year in which such expiration or termination occurs to such and ending on the effective date of expiration or termination.

Appears in 1 contract

Samples: Food and Beverage Management Agreement (NRI Real Token Inc.)

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Operating Year. each the Operating Year shall coincide with and be identical to, the calendar year during the term of this Agreementyear, except that the first Operating Year shall be a partial year beginning on the Effective Commencement Date and ending on the following December 31, and if this Agreement is shall be terminated effective on a date other than December 31 in any year, then the partial year from January 1 of the year in which such termination occurs to such effective date of termination.any

Appears in 1 contract

Samples: Management Agreement (Harvest Restaurant Group Inc)

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