Year after the Opening Date Clause Samples

Year after the Opening Date. Unless otherwise agreed to by the Parties in an addendum to this Agreement, the Company shall pay Easthampton a CIF equal to three percent (3%) of the Company’s MDO Gross Sales less the amounts actually paid in advance pursuant to 2(C)(a)(i), (ii) or (iii) which shall be deducted from the first quarterly payment and each subsequent quarterly payment until recaptured in full by the Company. This CIF shall be made shall be made quarterly on the first of January, April, July and October and are due and payable within thirty (30) days of the end of each quarter. Concurrently with the quarterly payment, the Company shall provide sales records to Easthampton to enable Easthampton to determine the accuracy and sufficiency of the CIF payment should Easthampton choose to do so. Providing however that in no event shall the CIF payable in the First Year be less than the amounts paid in advance pursuant to2(C)(a)(i), (ii) or (iii). Irrespective of this interim payment, the Company shall be and is solely responsible for all fees, costs and expenses it incurs or may incur during any permitting process or in the operation of its business.
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Related to Year after the Opening Date

  • ACADEMY OPENING DATE The Academy shall open as a school on 1 August replacing Harrow High School and Sports College which shall cease to be maintained by the Local Authority on that date, which date shall be the conversion date within the meaning of the Academies Act 2010.

  • Tax Periods Beginning Before and Ending After the Closing Date The Company or the Purchaser shall prepare or cause to be prepared and file or cause to be filed any Returns of the Company for Tax periods that begin before the Closing Date and end after the Closing Date. To the extent such Taxes are not fully reserved for in the Company’s financial statements, the Sellers shall pay to the Company an amount equal to the unreserved portion of such Taxes that relates to the portion of the Tax period ending on the Closing Date. Such payment, if any, shall be paid by the Sellers within fifteen (15) days after receipt of written notice from the Company or the Purchaser that such Taxes were paid by the Company or the Purchaser for a period beginning prior to the Closing Date. For purposes of this Section, in the case of any Taxes that are imposed on a periodic basis and are payable for a Taxable period that includes (but does not end on) the Closing Date, the portion of such Tax that relates to the portion of such Tax period ending on the Closing Date shall (i) in the case of any Taxes other than Taxes based upon or related to income or receipts, be deemed to be the amount of such Tax for the entire Tax period multiplied by a fraction the numerator of which is the number of days in the Tax period ending on the Closing Date and the denominator of which is the number of days in the entire Tax period (the “Pro Rata Amount”), and (ii) in the case of any Tax based upon or related to income or receipts, be deemed equal to the amount that would be payable if the relevant Tax period ended on the Closing Date. The Sellers shall pay to the Company with the payment of any taxes due hereunder, the Sellers’ Pro Rata Amount of the costs and expenses incurred by the Purchaser or the Company in the preparation and filing of the Tax Returns. Any net operating losses or credits relating to a Tax period that begins before and ends after the Closing Date shall be taken into account as though the relevant Tax period ended on the Closing Date. All determinations necessary to give effect to the foregoing allocations shall be made in a reasonable manner as agreed to by the parties.

  • Date of Completion The Developer must ensure that the Developer’s Works reach Completion on or before the date or milestone referred to in clause 1 of Schedule 3 of this document.

  • Tax Periods Ending on or Before the Closing Date Buyer shall prepare or cause to be prepared and file or cause to be filed all Tax Returns for the Company and the Company Subsidiary for all periods ending on or prior to the Closing Date which are required to be filed (taking into account all extensions properly obtained) after the Closing Date.

  • Final Completion Date Final Completion for the Work as defined in Article 6.1.3 of the General Conditions to the Continuing Contract for Construction Management shall be achieved by October 31, 2024.