Fifth Quarter definition
Fifth Quarter means the three (3) full calendar months starting in the beginning of the thirteenth calendar month from either (i) the Final Closing Date if the Final Closing Date occurs on the last calendar day of a calendar month or (ii) the first calendar day of the calendar month immediately following such Final Closing Date if the Final Closing Date does not coincide with the last calendar day of a calendar month in which the Final Closing Date occurs, and ending at the end of the fifteenth calendar month after either (i) the Final Closing Date if the Final Closing Date occurs on the last calendar day of a calendar month or (ii) the first calendar day of the calendar month immediately following such Final Closing Date if the Final Closing Date does not coincide with the last calendar day of a calendar month in which the Final Closing Date occurs.
Examples of Fifth Quarter in a sentence
Fifth Quarter Payments allow for the continuation of scheduled payments to a Contractor for the first payment period quarter of an anticipated renewal or new contract.
Payment by XeTel of the Recovery, if any, shall be reduced by amounts due XeTel for the Fifth Quarter, if any, pursuant to the immediately preceding paragraph, such net amount being referred to as the "Net Recovery".