Computation Year definition

Computation Year means each twelve (12) consecutive month period commencing January 1 of each year during the Term, provided that Landlord, upon notice to Tenant, may change the Computation Year from time to time to any other twelve (12) consecutive month period and, in the event of any such change, Tenant’s Share of Project Expenses shall be equitably adjusted for the Computation Years involved in any such change.
Computation Year means each twelve (12) consecutive month period commencing January 1 of each year during the Term following the Base Year.
Computation Year means each calendar year in which occurs any part of the term of this Lease and, in the case of a Default Termination of this Lease, in which would have occurred any part of the full term of this Lease except for such Default Termination.

Examples of Computation Year in a sentence

  • The fees for computations of the Arbitrage Amount which encompass more, or less, than one Computation Year shall be prorated to reflect the longer, or shorter, period of work performed during that period.

  • For purposes of this Section 5, “compensation” shall be defined as the Participant’s compensation (as reported on Form W-2) for the Computation Year, together with elective deferrals as defined in Section 402(g)(3) of the Code and any amount which is contributed or deferred by the Employer at the election of an Employee and which is not includible in the gross income of the Employee by reason of Code Section 125, 132(f)(4) or 457.

  • Any additional allocations to which such Participant is entitled by virtue of earning a Qualified Year during a subsequent Computation Year shall be paid in accordance with the form of benefit elected by the Participant as soon as practicable after they are allocated under the Plan and shall not be subject to the provisions of Article II, Section 5 applicable to reemployment of retired Participants unless the Participant actually retires from the Industry.

  • In addition to the requirements set forth above, no Employee (other than an Employee who is already a Participant on August 2, 1992) shall become a Participant until the last day of the Computation Year in which he completes a Qualified Year (or, if earlier, the July 1 following the completion of the twelve month period, starting on the date the Employee earns his first Credited Hour, during which the Employee accumulates 400 Credited Hours).

  • Within 55 days of the end of each fifth Computation Year with respect to the Loan, an amount shall be deposited to the Rebate Fund by the District from any legally available funds, including the other funds and accounts established herein, so that the balance in the Rebate Fund shall equal the amount of Rebatable Arbitrage so calculated in accordance with clause (i) of this Section 4.4(a).


More Definitions of Computation Year

Computation Year as used herein shall mean a year beginning on the Sunday before the last Thursday of a calendar year and ending on the Saturday before the last Thursday of the subsequent calendar year.
Computation Year means each calendar year during the Term, including any partial calendar year in which the Term may commence or terminate. "Real Estate Taxes", "Building Expenses", "Insurance Expenses" and "Common Area Expenses" are defined in Exhibit B to this Lease. Exclusions from Definition of "Expenses", including Real Estate Taxes, Building Expenses, Insurance Expenses and Common Area Expenses (collectively "Expenses") as defined in Exhibit B to this Lease.
Computation Year means a fiscal year consisting of the calendar year commencing January 1st of the Base Year and continuing through the Term with a short or stub fiscal year in (i) the Base Year for the period between the Term Commencement Date and December 31 of such year (if the Term Commencement Date is not January 1) and (ii) any partial year in which the Lease expires or is terminated for the period between January 1 of such year and the date of lease termination or expiration (if the Term Expiration Date is not December 31).
Computation Year means each twelve (12) consecutive month period commencing January 1 of each year during the Term following the Base Year, provided that Landlord, upon notice to Tenant, may change the Computation Year from time to time to any other twelve (12) consecutive month period, and, in the event of any such change, Tenant’s Proportionate Share(s) of Operating Expenses over Base Operating Expenses, of Insurance Expenses over Base Insurance Expenses, of Utility Expenses over Base Utility Expenses, and of Taxes over Base Taxes shall be equitably adjusted for the Computation Years involved in any such change.
Computation Year means each calendar year beginning with the calendar year 2009.
Computation Year means, with respect to the Bonds, the period beginning on the Delivery Date and ending on February 1, 2017, and each 12-month period ending on January 31 thereafter until there are no longer any Bonds Outstanding.
Computation Year means a recurring 12-month period that begins on the date or