Calendar Year definition

Calendar Year means each successive period of twelve (12) months commencing on January 1 and ending on December 31.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Calendar Year means each successive period of twelve (12) calendar months commencing on January 1 and ending on December 31, except that the first Calendar Year of the Term shall commence on the Effective Date and end on December 31 of the year in which the Effective Date occurs and the last Calendar Year of the Term shall commence on January 1 of the year in which the Term ends and end on the last day of the Term.

Calendar Year means a period of time commencing on January 1 and ending on the following December 31.

Examples of Calendar Year in a sentence

• Each Equity Grant shall be effected on the last Business Day of each applicable Calendar Year and the corresponding grant date shall be such date.

• Within three (3) months after completion of the first six (6) months of operation of a Site, which will include at least one (1) [***] continuous period of operations, Licensee shall provide Alterra with an updated Proposed Budget and Plan to reflect actual operating performance of the Plants at such Site for that Calendar Year which would replace the prior Proposed Budget and Plan established during the Kick-Off Meeting for the Site.

• If the Term with respect to all Research Programs ends prior to the end of a Calendar Year, the Equity Grant for such Calendar Year shall be pro-rated for such Calendar Year and such Equity Grant shall be effected within five (5) Business Days of the end of the Term with respect to all Research Programs.

• No later than thirty (30) days after the expiration of each Calendar Year, Licensee shall provide reports to Alterra verifying compliance with the previous Calendar Year’s Proposed Budget and Plan.

• On a Plant-by-Plant basis, during the Kick-Off Meeting applicable to the Site at which such Plants will operate, Licensee shall prepare and furnish to Alterra for review a proposed Annual Operating Budget and Annual Operating Plan for each Calendar Year of such Plant’s anticipated useful life (the “Proposed Budget and Plan”).

More Definitions of Calendar Year

Calendar Year means (a) for the first Calendar Year of the Term, the period beginning on the Effective Date and ending on December 31, 2011, (b) for each Calendar Year of the Term thereafter, each successive period beginning on January 1 and ending twelve (12) consecutive calendar months later on December 31, and (c) for the last Calendar Year of the Term, the period beginning on January 1 of the Calendar Year in which this Agreement expires or terminates and ending on the effective date of expiration or termination of this Agreement.

Calendar Year means each respective period of twelve (12) consecutive months ending on December 31.

Calendar Year means each year running from 1 January to 31 December.

Calendar Year means the time period from January 1st to December 31st;

Calendar Year means the period commencing January 1 of any year and ending the following December 31.

Calendar Year means any consecutive period of twelve months commencing on the first day of January of any year.

Calendar Year means each 12-month period commencing on January 1.