Extension Year definition

Extension Year as used herein shall have the meaning set forth in Paragraph 4.2.
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Extension Year as used herein shall have the meaning set forth in Paragraph 5.2 of the Agreement.
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Extension Year means the period starting immediately after the Initial Lease Period expires and ending with the Hire Contract Year in which it so expires, and each Hire Contract Year thereafter.
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Examples of Extension Year in a sentence

  • As used herein and except where expressly stated to the contrary, the “Term” shall mean the Initial Term, if extended, each Extension Year, and any month-to-month extension period (“Option Term”), as the case maybe.

  • County further authorizes Registrar-Recorder/County Clerk, or her designee, at her discretion, to authorize month-to-month extensions for a period not to exceed six (6) months, at the end of the Initial Term or each Extension Year, if exercised.

  • The cost proposal shall:  Follow the template outlined in Attachment 3 – Cost Proposal, completing all of the cost proposal forms listed below: Cost Proposal Detail (Year One) Cost Proposal Detail (Year Two) Cost Proposal Detail (Year Three – Potential Extension Year)  Assume a total of 200 hours of staff work (including subcontractor staff work) per year.

  • Following the initial expiration date of the Term, this Agreement shall be deemed extended from year to year ("Extension Year") unless, no later than three (3) months prior to the end of the Term (or any Extension Year), the Company or the Employee shall have notified the other party in writing that the Company or the Employee does not elect to extend the Term (or any Extension Year) past its then expiration date, or if the Employee's employment is terminated for whatever reason.

  • Following the initial expiration date of the Term, this Agreement shall be deemed extended from year to year ("Extension Year") unless, no later than three (3) months prior to the end of the Term (or any Extension Year), the Company or the Executive shall have notified the other party in writing that the Company or the Executive does not elect to extend the Term (or any Extension Year) past its then expiration date, or if the Executive's employment is terminated for whatever reason.

  • County further authorizes Registrar-Recorder/County Clerk, or his/her designee, at his/ her discretion, to authorize month-to-month extensions for a period not to exceed six (6) months, at the end of the Initial Term or each Extension Year, if exercised.

  • Based on the BOE's audit of the Contractor's annual statements and financial records, the BOE may make any necessary adjustments in any later payments which become due and owing to the Contractor during a given Extension Year to compensate for any excesses of payments over cost increases.

  • As of the 2000-01 Extension Year, the minimum computer system for the Contractor to maintain must include the following elements: (a) Pentium II Computer; (b) 4 megabytes RAM; (c) 6 gigabyte hard disk; (d) Windows 95 or Windows 98; (e) Word for Windows 95 or 98; and, (f) 56k Modem.

  • That the Regional Municipality of Waterloo approve the following actions with regard to the reallocation of Investment in Affordable Housing in Ontario (2014 Extension) Year 4 funding as outlined in report CSD-HOU-18-19 dated June 19, 2018.

  • If an open ended term for a bond or letter of credit cannot be obtained, then the Contractor must renew the bond or letter of credit for a given Extension Year annually until such time as the "final" audit result notice has been received.


More Definitions of Extension Year

Extension Year means each twelve (12) consecutive full month period during the Extended Term, commencing with the first day of the calendar month next following the Lab Space Rent Commencement Date.
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Extension Year has the meaning set forth in Section 5.1.2.
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Extension Year means March 14, 2020 through March 13, 2021 for the first Extension Year, and thereafter each following period of twelve (12) consecutive months. The final Extension Year, while less than twelve (12) consecutive months, shall be from March 14, 2023 through December 31, 2023. 1 [*****] Certain information on this page has been omitted and filed separately with the Commission. Confidential treatment has been requested with respect to the omitted portions. US-DOCS\101676921.2
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Extension Year means July 1, 2004 through June 30, 2005.
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Extension Year has the meaning given in Section 2.
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Related to Extension Year

  • Termination Year means the calendar year in which the Employment Period is terminated.

  • Election Year means a year in which ordinary elections for local governments are required to be held;

  • Vacation Year means the twelve (12) month period commencing on the first (1st) day of April in each calendar year and concluding on the thirty-first (31st) day of March of the following calendar year.

  • taxation year means the calendar year to which an assessment roll applies for the purposes of taxation;

  • transition year means the financial year of an issuer or business in which the issuer or business changes its financial year-end;

  • Extension Term means the time period defined in §2.C.

  • Production Year means the 12- month period between September 1 of one year and August 31 of the following year, inclusive.

  • Compensation Year means a period of 12 months expiring 31 March in any year;

  • Determination Year means the Plan Year for which testing is being performed, and the “look-back year” means the immediately preceding twelve (12) month period.

  • Term Year means a 12-month period beginning on the first day of the Term and each successive 12-month period thereafter.

  • Funding Year means in the case of the first Funding Year, the period commencing on the Effective Date and ending on the following March 31, and in the case of Funding Years subsequent to the first Funding Year, the period commencing on the date that is April 1 following the end of the previous Funding Year and ending on the following March 31;

  • Open Year has the meaning specified in Section 4.01(r)(iii).

  • Limitation Year means the Plan Year.

  • Allocation Year Means (i) the period commencing on the Closing Date and ending on December 31, 2006, (ii) any subsequent period commencing on January 1 and ending on the following December 31, or (iii) any portion of the period described in clause (ii) for which the Company is required to allocate Profits, Losses and other items of Company income, gain, loss or deduction pursuant to Article V.

  • Extension Rate means, for each distribution date following a Failed Remarketing with respect to the class A-5 notes if such notes are then in foreign exchange mode, the rate of interest payable to the related currency Swap Counterparty, generally not to exceed three-month LIBOR plus 0.75%, unless the remarketing agent, in consultation with the administrator, determine that market conditions or some other benefit to the trust requires a higher rate; provided that in each case the Rating Agency Condition is satisfied.

  • Estimated Incremental Quarterly Tax Amount has the meaning assigned to such term in Section 6.9.

  • Extension Period has the meaning set forth in Section 2.11.

  • Grace Period Extension Date means, if:

  • Extension Election has the meaning set forth in Section 2.16(c).

  • Base Year means the period set forth in Section 5 of the Summary.

  • Comparison Year is defined as each calendar year during the term of this Lease subsequent to the Base Year; provided, however, Lessee shall have no obligation to pay a share of the Operating Expense Increase applicable to the first twelve (12) months of the Lease Term (other than such as are mandated by a governmental authority, as to which government mandated expenses Lessee shall pay Lessee's Share, notwithstanding they occur during the first twelve (12) months). Lessee's Share of the Operating Expense Increase for the first and last Comparison Years of the Lease Term shall be prorated according to that portion of such Comparison Year as to which Lessee is responsible for a share of such increase.

  • Lease Year means each consecutive twelve-month period beginning with the Commencement Date, except that if the Commencement Date is not the first day of a calendar month, then the first Lease Year shall be the period from the Commencement Date through the final day of the twelve months after the first day of the following month, and each subsequent Lease Year shall be the twelve months following the prior Lease Year.

  • Debt service extension base means an amount equal to that

  • Loan Year With respect to any Mortgage Loan, the one year period commencing on the day succeeding the origination of such Mortgage Loan and ending on the anniversary date of such Mortgage Loan, and each annual period thereafter.

  • Operating Year means the calendar year commencing January 1st of each year (including the calendar year within which the Commencement Date occurs) during the Term.

  • First Extension Period means a period of twelve (12) consecutive months following the Initial Maturity Date.