Annual Period definition

Annual Period has the meaning stated in Section 4.3(e).

Annual Period means each twelve (12) month period commencing on the Effective Date and, thereafter, on each anniversary of the Effective Date.

Annual Period means each one year period beginning on the Closing Date and each anniversary thereafter.

Examples of Annual Period in a sentence

• The MAG for the Leased Premises shall be payable accordance with the following schedule: Annual Period: December 1, 2019 to November 30, 2020 Each succeeding year December 1 to November 30.

• Should this Lease be terminated during an annual period, or should the first Annual Period be other than a full calendar year, the applicable MAG, Ready Car Parking Area Rent, Common Area Rent, and Overflow Parking Rent shall be prorated on the basis of a three hundred sixty (360) day year.

• The Airport Director may stipulate a different Annual Period should it be appropriate.

• The Lessee shall, not later than one hundred eighty (180) days following the end of each Annual Period commencing with the Annual Period ending December 31, 2024, provide to the Lessor its annual audited financial statements, prepared by an independent auditor in accordance with GAAP.

• Commencing on the first full Annual Period following Substantial Completion of the Project, the Lessee shall use commercially reasonable efforts to operate the Project such that the Fixed Charges Coverage Ratio shall at all times be not less than 1.20.

More Definitions of Annual Period

Annual Period means the period from and including the Issue Date to and excluding the first Anniversary Date and each subsequent period from and including the immediately preceding Anniversary Date to and excluding the next following Anniversary Date.

Annual Period means the inclusive period from 1 July until 30 June in the following year;

Annual Period means the inclusive period from 1 January until 31 December in the same year;

Annual Period means the inclusive period from 1 April until 31 March in the following year;

Annual Period means the time period of each year beginning on the first day of the Employment Term and ending on the day before the anniversary of that date.

Annual Period means any one of a succession of consecutive twelve (12) month periods, the first of which will begin on the first (1st) Day following the Commercial Operation Date.

Annual Period means each 12-month period following the Effective Date.