Applicable Year definition

Applicable Year means (i) with respect to the payments made pursuant to paragraph 7 of the Stipulation of Amendment, the calendar year ending on the date on which the payment at issue is due, regardless of when such payment is made; and (ii) with respect to all other payments made pursuant to the Stipulation of Amendment, the calendar year immediately preceding the year in which the payment at issue is due, regardless of when such payment is made.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Applicable Year means the calendar year immediately preceding the year in which the payment at issue is due, regardless of when such payment is made.

Applicable Year means the second calendar year that begins after the calendar year in which the Vornado Distribution (as that term is defined in the Master Transaction Agreement) occurs.

Examples of Applicable Year in a sentence

• In the event the Operating Expense Limit is changed subsequent to an Applicable Year in which the respective portion of the Reimbursement Amount was incurred, the amount available to reimburse BlackRock in accordance with this Section 2.2 shall be calculated by reference to the Operating Expense Limit for the Fund in effect at the time the respective portion of the Reimbursement Amount was incurred, rather than the subsequently changed Operating Expense Limit.

• In the event that any Applicable Year is for a period less than 365 days (for example, the Fund's initial year of operations or because this Agreement is terminated in the middle of a fiscal year), the Operating Expenses shall be annualized for purposes of calculating the Excess Amount.

• If necessary, on or before the last day of the first quarter of each Applicable Year, an adjustment payment shall be made by the appropriate party in order that the actual Operating Expenses of the Fund for the prior Applicable Year (including any reimbursement payments hereunder with respect to such Applicable Year) do not exceed the Operating Expense Limit.

• If necessary, on or before the last day of the first quarter of each Applicable Year, an adjustment payment shall be made by the appropriate party in order that the amount of the fees waived or reduced and other payments remitted by BlackRock to the Fund with respect to the previous Applicable Year shall equal the Excess Amount.

• To determine the Fund’s payments, if any, to reimburse BlackRock for the Reimbursement Amount, each month the Operating Expenses shall be annualized for the Applicable Year as of the last day of the month.

More Definitions of Applicable Year

Applicable Year has the meaning assigned to such term in the Partnership Agreement.

Applicable Year means the Fiscal Year in respect of which the Annual Incentive Bonus, if any, has been earned.

Applicable Year means any of calendar year 2017, 2018 or 2019, as applicable.

Applicable Year means the Plan Year to which the excess contributions relate.

Applicable Year means the calendar year to which RSUs are attributable and shall generally mean the year preceding the Grant Date unless the Compensation Committee determines to the contrary. For example, if a Grant Date is April 1, 2002, the Applicable Year shall be 2001.

Applicable Year means the calendar year in which the Purchase Event occurs;

Applicable Year means the Base Year or any subsequent twelve month period (each such period commencing with the calendar quarter in which an anniversary of the Effective Time occurs) during the Term, as applicable; (iv) “Subsequent Year Amount” means the Base Year Amount plus a compound annual growth rate of 3.5% for each Applicable Year (other than the Base Year), based upon the number of consecutive twelve month periods elapsed since the start of the Base Year; and (v) “Yearly EBITDA Requirement” means, with respect to the Base Year, the Base Year Amount, and with respect to any other Applicable Year, the Subsequent Year Amount with respect to such Applicable Year.