Contract Year Quarter definition
Examples of Contract Year Quarter in a sentence
Subject: Bioenergy Market Adjusting Tariff Power Purchase Agreement (“BioMAT PPA”) by and between PG&E and [Insert Seller’s full legal name], a [Insert Seller’s form of entity and state of registration] (“Seller”) – Fuel Attestation Dear Sir or Madam: Pursuant to Section [4.4.3][4.4.4] of the BioMAT PPA, Seller submits to PG&E this Fuel Attestation for the Contract [Year] [Quarter] that ended on [Date] [(“Contract Year”)] [(“Contract Quarter”)]).
The Operating Committee shall meet not less than [*] per Calendar Quarter during the first Contract Year and not less than [*] per Contract Year Quarter thereafter during the Co-Promotion Period, with meetings alternating between the offices of Salix and Altana.
Any over or underpayment thereafter determined to have been made when full data for such Contract Year Quarter is available shall be applied against the Co-Promotion Fee for the next Contract Year Quarter.
Licensee shall report any such award in the Royalty and Net Sales Report for the Contract Year Quarter in which such award is received, and pay Everlast a royalty of 5% thereon.
Upon Licensee's request and in Everlast's reasonable discretion, errors made in any Royalty and Net Sales Statements during any Contract Year (if reflected in Licensee's payments) may be corrected with credits or debits to the Royalty and Net Sales Statement submitted for the first Contract Year Quarter of the immediately following Contract Year.
If, upon any such inspection, it shall appear that the royalty previously reported for any Contract Year Quarter has been understated by five (5%) percent or more, the expense of any such audit shall be borne by the Licensee.
Each of the Initial Term and each Renewal Term may be referred to as a "Contract Year." Each Contract Year ------------- shall be divided into four (4) equal periods, with each such period referred to as a "Contract Year Quarter." In turn, the Initial Term or any Renewal Term ----------------------- shall be divided into Contract Years.
Thereafter, subject to paragraph 4.3, herein below, Earned Royalties shall be paid to Everlast quarterly (in accordance with the terms of Article 5, herein below), in arrears for all Net Sales in each Contract Year Quarter and less Guaranteed Minimum Royalties (defined herein below) paid during such Contract Year Quarter, concurrently upon the submission of the Royalty and Net Sales Report (defined herein below) specified in Article 5.
To the extent that a Contract Year Quarter is less than three (3) calendar months in duration, then the [*] dollar ($[*]) target used in this Section 5.2(b) shall be pro rated accordingly.
The itemized statement referred to above shall contain two (2) separate tabulations for each Country in the Contract Territory: (i) a listing by style number of the total units and Net Sales thereof for the Contract Year Quarter for which the statement is given; and (ii) a listing by customer showing the customer's name, address and Net Sales for the Contract Year Quarter for which the statement is submitted.