Commencement Year definition

Commencement Year means the fiscal year in which tax increment revenues generated in a Project Area will be allocated to the District.
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Commencement Year means the Plan Year designated in a Specific-Year Election for the payment or commencement of benefits.
Sample 1

Examples of Commencement Year in a sentence

  • The Policy Credit Commencement Year, Policy Credit Duration, and Policy Credit Rate are each shown in Section 1.

  • On each Processing Date beginning in the Policy Credit Commencement Year and continuing for the Policy Credit Duration, we will apply a Policy Credit to the Fixed Account, Investment Accounts, and Indexed Accounts in the same manner as we take monthly deductions from these accounts.

  • Choose from the listProfession Commencement Year: Mandatory: Select YEAR from the list when profession commenced.

  • A required distribution shall be deemed to have been made during the Commencement Year if actually made by the following April 1, but such delayed distribution shall not change the amount of such distribution, and the distribution otherwise required during the subsequent calendar year shall be calculated as if the first distribution had been made on the last day of the Commencement Year.

  • Beginning in the Policy Credit Commencement Year shown in Section 1, we will calculate a Policy Credit to be applied to your Policy Value on each Processing Date.

  • Benefits paid prior to the Commencement Year shall reduce the aggregate amount subject to (but shall not otherwise negate) the minimum distribution requirements described herein.

  • Commencement Year: ................................................

  • Commencement Year: means the municipal property tax assessment of a lot after project completion and based on the date of the Municipal Property Assessment Corporation (MPAC) Supplementary Property Tax Assessment.

  • The MPAC submission is used to determine the estimated difference between pre-development property tax assessment (Base Year) and post-development property tax assessment (Commencement Year) generated by project completion, the estimated increase in annual property taxes derived by the difference (the Tax Increment), and the estimated dollar value of the % rebate given.

  • The Initial EDA Grant will be delivered in a series of semi-annual grants over the period commencing on the date of the acquisition of the real estate for the Campus by FEI and ending on the last day of the calendar year immediately preceding the EDA Grants Commencement Year.


More Definitions of Commencement Year

Commencement Year means the first Fiscal Year after all of the conditions described in Section B below have been met.
Sample 1
Commencement Year means the year set out in Schedule 1; Data Protection Legislation the Data Protection Act 2018, the UK GDPR as defined in and amended by the Data Protection, Privacy and Electronic Communications (Amendments etc) (EU Exit) Regulations 2019 (as amended) and The Privacy and Electronic Communications (EC Directive) Regulations 2003 (as amended), in each case as amended, re-enacted or replaced from time to time and any other applicable laws in any jurisdiction relating to the processing or security of personal data or the privacy of natural persons;
Sample 1

Related to Commencement Year

  • Agreement Year means a period of 12 months beginning on the Effective Date and each subsequent anniversary thereof.

  • Payment Year means the calendar year during which the applicable Initial Year Payments or Annual Payments are due pursuant to subsection V.B. Payment Year 1 is 2022, Payment Year 2 is 2023 and so forth. References to payment “for a Payment Year” mean the Initial Year Payments or Annual Payment due during that year. References to eligibility “for a Payment Year” mean eligibility in connection with the Initial Year Payments or Annual Payment due during that year.

  • Assessment year means the period of twelve months commencing on the 1st day of April every year;

  • commencement day means the day on which the State Administrative Tribunal (Conferral of Jurisdiction) Amendment and Repeal Act 2004 Part 2 Division 29 comes into operation;

  • relevant year means a year commencing at 00:00 hours on 1 April and ending at 23:59 hours on the following 31 March;

  • Adjustment Year has the meaning ascribed to said phrase under Section 6225(d)(2) of the Code.

  • Rent Commencement Date means [Insert date or description] or any later date calculated in accordance with paragraph 3.3 of Part 5 of the Schedule;

  • Employment Year means each twelve-month period, or part thereof, during which Employee is employed hereunder, commencing on the Commencement Date and on the same day of the subsequent calendar year and each consecutive 12 month period thereafter.

  • Current year means the financial year, which has already commenced, but not yet ended;

  • Quarterly Commencement Date means the 20th day of each of March, June, September and December in each year.

  • Grant Year has the same meaning as in subclause 1(1) of Schedule 1 of HESA;

  • Lease Commencement Date means the Closing Date. The “Lease Expiration Date” shall mean the later of (i) the date of the final payment in full of the French Advances and (ii) the Vehicle Lease Expiration Date for the last Lease Vehicle leased by the Lessee hereunder. The “Term” of this Agreement shall mean the period commencing on the Lease Commencement Date and ending on the Lease Expiration Date.

  • Project Year means the twelve-month period beginning from the Effective Date and ending twelve months thereafter (the First Project Year), and any twelve-month period beginning at the end of the First Project Year, or the end of subsequent Project Years;

  • Relevant Year t means the Financial Year for the purposes of which any calculation falls to be made; "Relevant Year t-1" means the Financial Year preceding Relevant Year t, and similar expressions shall be construed accordingly;

  • Payment Commencement Date means the date payments of amounts deferred begin pursuant to Article III, Section 6.

  • Billing Commencement Date means the earlier of:

  • the commencement date means the date on which the Contract shall take effect, as notified by the Authority to the Contractor in a letter awarding the Contract.

  • Contract Year means each period of twelve (12) consecutive months during the Initial Term of this Agreement, with the first Contract Year commencing on the Effective Date, and with each subsequent Contract Year commencing on the anniversary of the Effective Date.

  • Commencement Date means the date of this Agreement;

  • Project Commencement Date means the commencement date notified to the Minister pursuant to clause 4(1);

  • Anniversary Year The one-year period beginning on the Closing Date and ending on the first anniversary thereof, and each subsequent one-year period beginning on the day after the end of the preceding Anniversary Year and ending on next succeeding anniversary of the Closing Date.

  • Completion Period means the period starting from the date of issue of "Order" and required to complete the work in all respect.

  • Budget Year means the financial year of the municipality for which an annual budget is to be approved in terms of section 16(1) of the MFMA;

  • First Year means the intake group of Students for the most junior class or year in a school.

  • Collective agreement year means each twelve (12) month period commencing on the first day of the renewed collective agreement. For example, the collective agreement year for a collective agreement that commences on April 1, 2014 is April 1, 2014 to March 31, 2015 and each period from April 1 to March 31 for the term of the collective agreement.

  • Three-Year Period means, with respect to a Restatement, the three completed fiscal years immediately preceding the date that the Board, a committee of the Board, or the officer or officers of the Company authorized to take such action if Board action is not required, concludes, or reasonably should have concluded, that the Company is required to prepare such Restatement, or, if earlier, the date on which a court, regulator or other legally authorized body directs the Company to prepare such Restatement. The “Three-Year Period” also includes any transition period (that results from a change in the Company’s fiscal year) within or immediately following the three completed fiscal years identified in the preceding sentence. However, a transition period between the last day of the Company’s previous fiscal year end and the first day of its new fiscal year that comprises a period of nine to 12 months shall be deemed a completed fiscal year.