Operating Years. the Operating Years shall coincide with, and be identical to, the calendar years. If this Agreement 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 shall be treated as an Operating Year; references to "full Operating Years" shall mean those Operating Years which are co-extensive with full calendar years and shall exclude any partial Operating Year at the beginning or the end of the term of this Agreement.
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Samples: Management Agreement (American Realty Capital Hospitality Trust, Inc.), Management Agreement (Equity Inns Inc), Management Agreement (Equity Inns Inc)
Operating Years. the Operating Years shall coincide with, and be identical to, the calendar years. If , except that the first Operating Year shall be a partial year beginning on the Commencement Date and ending on the following December 31, and if this Agreement 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 shall be treated as an Operating Year; references to "full Operating Years" shall mean those Operating Years which are co-extensive with full calendar years and shall exclude any partial Operating Year at the beginning or the end of the term of this Agreement.
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