Third Contract Year Sample Clauses
Third Contract Year. Buyer shall, if requested by Seller, provide to Seller on or before November 1 of the calendar year preceding the year in which the third Contract Year begins, a preliminary monthly shipping schedule for the third Contract Year based on Buyer's then current projections for such period. The sum of the quantities reflected for all months in such preliminary monthly shipping schedule for the third Contract Year shall not exceed the Annual Shipping Schedule Quantity for such Contract Year; provided, however, Buyer will issue an adjusted monthly shipping schedule in such Contract Year if it elects to exercise its rights to an Inventory Allowance in accordance with the provisions of Section 3.3.
Third Contract Year. The additional payment owed for the third Contract Year shall total $8 million except as provided in Section 12.1, subject to adjustment as provided in the following sentence. On the Adjustment Date, January 3, 2000, the additional payment for the third Contract Year shall be adjusted by (i) adding to the Base Rate 70% of the positive amount, if any, determined by subtracting the Base Rate from the Consumer Price Index in effect on the Adjustment Date, (ii) dividing said sum by the Base Rate, and (iii) multiplying the results by $8 million except as provided in Section 12.
1. In the event that the net change in the Consumer Price Index is negative, the additional payment for the third Contract Year shall total $8 million, except as provided in Section 12.1. NESI shall pay such additional payment in twelve equal monthly installments due on or before July 3, 2000, August 1, 2000, September 1, 2000, October 2, 2000, November 1, 2000, December 1, 2000, January 2, 2001, February 1, 2001, March 1, 2001, April 2, 2001, May 1, 2001, and June 1, 2001, respectively, except as provided in Section 12.1. Failure to make Payment in Full and on Time under this Section constitutes a breach of this Agreement.
Third Contract Year. For each month of the Third Contract Year, the EDS Percentage shall be Forty Two Percent (42%).
Third Contract Year. Third Contract Year" means the twelve-calendar-month period immediately following the Second Contract Year.
Third Contract Year. During the third Contract Year, the Service Fee shall be comprised of:
(i) A base fee of Three Million Dollars ($3,000,000), subject to the price reduction formula set forth in Section 5.1(f) herein, payable as follows (the "BASE FEE" for the third Contract Year): (A) One Million Dollars ($1,000,000) payable on the date which is eleven (11) months after the Effective Date (subject to satisfaction of the Cash Flow Test described in Section 5.1(f) below); and (B) the remaining Two Million Dollars ($2,000,000) payable in four (4) equal installments of Five Hundred Thousand Dollars ($500,000) each, payable on the last day of the third, sixth, ninth and twelfth month of the third Contract year; and
(ii) a fee for each Consumer News E-mail sent by InfoBeat for those Consumer News E-mails sent in excess of [ ** ] (the "BASELINE VOLUME" for the third Contract Year) per quarter for each quarter of the third Contract Year (the "PER-QUARTER BENCHMARK" for the third Contract Year), calculated as follows:
Third Contract Year. Follow the same timeline and process as the first contract year. (4) Fourth Contract Year 2576 2577 2578 2579 2580 2581 2582 2583 2584 2585 2586 2587 2588 2589 2590 2591 2592 2593 2594 2595 2596 2597 2598 2599 2600 2601 2602 2603 2604 2605 2606 2607 2608 2609 2610 2611 2612 2613 2614 2615 2616 2617 2618 2619 2620 2621
(a) Follow the same timeline and process as the first contract year.
(b) Second semester: a letter of tenure or non-renewal will be sent no later than March 15. If no notice is received on or before March 15 of the fourth year, the faculty member will return in the fall of the subsequent academic year as a regular tenured employee.
Third Contract Year. The Disposal Amount owed for the third Contract Year shall be no less than $8 million except as provided in Section 12.1. On the first Adjustment Date, January 3, 2000, the Disposal Amount for the third Contract Year shall be adjusted by (i) adding to the Base Rate 70% of the positive amount, if any, determined by subtracting the Base Rate from the Consumer Price Index in effect on that Adjustment Date, (ii) dividing said sum by the Base Rate, and (iii) multiplying the results by $8 million except as provided in Section 12.
1. In the event that the net change in the Consumer Price Index is negative, the Disposal Amount for the third Contract Year shall be $8 million, except as provided in Section 12.1. NESI shall pay the Disposal Amount in twelve equal monthly installments due on or before July 3, 2000, August 1, 2000, September 1, 2000, October 2, 2000, November 1, 2000, December 1, 2000, January 2, 2001, February 1, 2001, March 1, 2001, April 2, 2001, May 1, 2001, and June 1, 2001, respectively, except as provided in Section 12.1. Failure to make Payment in Full and on Time under this Section constitutes a breach of this Agreement.