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

• If the total of the monthly payments of Additional Rent that Tenant has made for the prior Computation Year is less than the actual Additional Rent chargeable to Tenant for such prior Computation Year, then Tenant shall pay the difference in a lump sum within ten (10) days after receipt of such statement from Landlord.

• For the purposes of computing the amount of Percentage Rent due, each Computation Year shall be considered as an independent accounting period and no charge or credit may be taken in any subsequent Computation Year on account of any Gross Revenues in any prior Computation Year.

• SMTExp1 = A projection of costs to be incurred associated with the Customer Class specific Smart Meter Technology Procurement and Installation Plan (“Plan”) as approved by the Commission for the SMT Computation Year by Customer Class including carrying charges on capital costs, depreciation expense, accumulated deferred income taxes, allowance for funds used during construction, and operational and maintenance expenses.

• Tenant shall pay the fees and expenses relating to such procedure, unless such accountants shall determine that Landlord overstated the Expense Factor by more than 5% for such Computation Year, as finally determined, in which case Landlord shall pay such fees and expenses.

• If at any time or times Landlord determines that the amounts payable under Paragraph 4(b) for the current Computation Year will vary from Landlord’s estimate given to Tenant, Landlord, by notice to Tenant, may revise the estimate for such Computation Year, and subsequent payments by Tenant for such Computation Year shall be based upon such revised estimate.

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 calendar year 2008.

Computation Year means the calendar year.

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.