Examples of Accounting Quarter in a sentence
For the avoidance of doubt, all Management Fee installments and Owner’s Expenses payable with respect to any Accounting Quarter (whether due and payable during or after such Accounting Quarter) shall be deducted in the calculation of Net Income for such quarter for purposes of such computation.
Each such installment shall equal the Incentive Management Fee for the applicable Accounting Quarter and (if applicable) each preceding Accounting Quarter in the same Operating Year, less the sum of all prior installments of the Incentive Management Fee paid for such Operating Year.
Ethicon shall deliver to GSI written reports of the number of units sold of the Ethicon Balloon Dissector during the preceding Accounting Quarter, on or before the sixtieth day following the end of each Accounting Quarter.
The Incentive Management Fee shall be payable to Manager in quarterly installments in arrears within five (5) days after the delivery to Owner of the Quarterly Report for the prior Accounting Quarter.
Manager shall deliver each Quarterly Report to Owner within forty-five (45) days following the end of the Accounting Quarter to which such Quarterly Report relates.