Common use of Year 1 City Payment Timing Clause in Contracts

Year 1 City Payment Timing. Upon establishment of the First Date of Operation, the Company may invoice the City for the Year 1 City Payment no earlier than January 1 of the calendar year after the 1st year anniversary of the First Date of Operation. By way of example, if the First Date of Operation is determined to be July 1, 2019, the earliest that the Company could invoice the City for the Year 1 City Payment would be January 1, 2021. If, however, the First Date of Operation was established to be December 31, 2018, the earliest the Company could invoice the City for the Year 1 City Payment would be January 1, 2020.

Year 1 City Payment Timing. Upon establishment of the First Date of OperationOperations, the Company may invoice the City for the Year 1 City Payment no earlier than January 1 of the calendar year after the 1st year anniversary of the First Date of OperationOperations. By way of example, if the First Date of Operation Operations is determined to be July March 1, 20192015, the earliest that the Company could invoice the City for the Year 1 City Payment would be January 1, 20212017. If, however, the First Date of Operation Operations was established to be December 3120, 20182014, the earliest the Company could invoice the City for the Year 1 City Payment would be January 1, 20202016.

Year 1 City Payment Timing. Upon establishment of the First Date of OperationOperations, the Company may invoice the City for the Year 1 City Payment no earlier than January 1 of the calendar year after immediately following the date on which the 1st year anniversary of the First Date of OperationOperations occurs. By way of example, if the First Date of Operation Operations is determined to be July March 1, 20192015, the earliest that the Company could invoice the City for the Year 1 City Payment would be January 1, 20212017. If, however, the First Date of Operation Operations was established to be December 3120, 20182014, the earliest the Company could invoice the City for the Year 1 City Payment would be January 1, 20202016.

Year 1 City Payment Timing. Upon establishment of the First Date of Operation, the Company may invoice the City for the Year 1 City Payment no earlier than January 1 of the calendar year after the 1st year anniversary of the First Date of Operation. By way of example, if the First Date of Operation is determined to be July 1, 20192017, the earliest that the Company could invoice the City for the Year 1 City Payment would be January 1, 20212019. If, however, the First Date of Operation was established to be December 31, 20182016, the earliest the Company could invoice the City for the Year 1 City Payment would be January 1, 20202018.