Development Fiscal Year definition

Development Fiscal Year means for the Development, the annual period commencing on January 1 and concluding on December 31 each year.
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Development Fiscal Year means the calendar year.
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Examples of Development Fiscal Year in a sentence

  • For each Development Fiscal Year, the Owner shall provide the Authority, not later than one hundred twenty (120) calendar days following the end of Development Fiscal Year, sufficient evidence that the Owner made the required deposits into the Replacement Reserve in accordance with the RCC for review by the Board, as required by RAD Requirements.

  • In the event that the remedies set forth in subsections (i), (ii), (iii), and (iv) above are not projected to generate sufficient Project Unit Income, when added to Operating Subsidy, to pay Project Unit Expenses in any Development Fiscal Year, then any shortfall may be covered from the Operating Deficit Reserve or from the Affordability Reserve (depending upon the cause of the shortfall).

  • Agent shall prepare a recommended annual Operating Budget for the Development for each Development Fiscal Year during the term of this Agreement, and shall submit the same to Owner at least ( ) days before the beginning of such Fiscal Year.

Related to Development Fiscal Year

  • Development Period means the period from the date of this Agreement until the Appointed Date;

  • Project Year means the 12 month period beginning from the Effective Date and ending 12 months thereafter and each successive 12 month period following thereafter;

  • Annual Work Plan and Budget means each of the detailed annual work plan, together with the related budget, for the Project approved by the Association pursuant to the provisions of Section I.C of Schedule 2 to this Agreement.

  • Fiscal Year means the fiscal year of the Company.

  • Development Plan has the meaning set forth in Section 3.2.

  • Development Term means the period commencing on the Closing Date and ending on the earlier of (a) the Option Closing Date or (b) the date the Option terminates or expires other than by exercise.

  • Budget means a resource, expressed in financial terms, proposed by the Board for the purpose of carrying out, for a specific period, any or all of the functions of the Trust.

  • School fiscal year means a fiscal year that commences July 1 and continues through June 30.

  • Development Activities means those activities which have been approved for the Project as set out in the approved Plans and Specifications and, generally, activities that are normally undertaken for the development, construction, repair, renovation, rehabilitation or conversion of buildings for residential purposes and include the acquisition of property;

  • Development Budget shall have the meaning set forth in Section 3.3.

  • Development Project means a project for the development of land within a project area.

  • Annual Net Sales means, with respect to any Calendar Year, the aggregate amount of the Net Sales for such Calendar Year.

  • Development Plans has the meaning set forth in Section 3.2.

  • Commercialization Plan has the meaning set forth in Section 6.2.

  • Academy Financial Year means the academic year from 1st of September to 31st of August in any year;