Year Two and Subsequent Years Sample Clauses

Year Two and Subsequent Years. For the second year of the Agreement and for so long there after as it shall remain in full force and effect, TIML shall prepare and provide CAP, or its designee, DRC, with an AFE for each capital project, improvement or enhancement to the Sierra Kaolin(TM) for which the total estimated cost shall exceed $15,000.00. The AFE shall set forth the proposed operation, its estimated cost and the rationale for the proposed operation. CAP understands that an AFE is only an estimate of the costs reasonably anticipated to be incurred in the performance of the proposed operation and is not a guaranteed or "turnkey price." Upon the approval and execution of an AFE by CAP, either as originally proposed or as amended by the parties hereto, CAP shall have unequivocally committed to fund its 35% of the proposed operation.
Sample 1
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Related to Year Two and Subsequent Years

  • CONTRACT YEAR The first Contract Year is the period of time ending on the first contract anniversary. Subsequent Contract Years are the annual periods between contract anniversaries.

  • End of Fiscal Years; Fiscal Quarters The Borrower will cause (i) each of its fiscal years to end on December 31 of each year and (ii) its fiscal quarters to end on March 31, June 30, September 30 and December 31, respectively, of each year.

  • Fiscal Year; Fiscal Quarter The Borrower shall not change its fiscal year or any of its fiscal quarters, without the Administrative Agent’s prior written consent, which consent shall not be unreasonably withheld, conditioned or delayed.

  • Calendar Year The term “

  • year “Year” shall mean the 12-month period ending on March 31.

  • Adjustment of Minimum Quarterly Distribution and Target Distribution Levels (a) The Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution, Third Target Distribution, Common Unit Arrearages and Cumulative Common Unit Arrearages shall be proportionately adjusted in the event of any distribution, combination or subdivision (whether effected by a distribution payable in Units or otherwise) of Units or other Partnership Securities in accordance with Section 5.10. In the event of a distribution of Available Cash that is deemed to be from Capital Surplus, the then applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, shall be adjusted proportionately downward to equal the product obtained by multiplying the otherwise applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, as the case may be, by a fraction of which the numerator is the Unrecovered Capital of the Common Units immediately after giving effect to such distribution and of which the denominator is the Unrecovered Capital of the Common Units immediately prior to giving effect to such distribution.

  • HSR Waiting Period The waiting period applicable to the consummation of the Merger under the HSR Act shall have expired or been terminated.

  • Waiting Periods All applicable waiting periods, if any, under the HSR Act shall have expired or been terminated.

  • Interim Period During the period between the Effective Date and the Closing Date (“Interim Period”),

  • Waiting Period The waiting period under the HSR Act applicable to the consummation of the transactions contemplated hereby shall have expired or been terminated or the Parties shall have otherwise complied with the HSR Act.

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