First Anniversary Year definition

First Anniversary Year shall not apply to any renewals of the franchise relationship pursuant to Article VI.
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First Anniversary Year means the 12-month period following the Effective Date. The term “First Anniversary Year” shall not apply to any renewals of the franchise relationship pursuant to Article VI.
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First Anniversary Year means the 12-month period following the Effective Date.
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Examples of First Anniversary Year in a sentence

  • Following the First Anniversary Year, Broker shall pay PRS an annual fee of Thirty-Five Dollars ($35.00) per full-time sales associate and full-time sales associate equivalent; provided that Broker’s minimum annual fee shall be Seven Hundred Fifty Dollars ($750.00) and Broker’s maximum annual fee shall be Seven Thousand Five Hundred Dollars ($7,500.00).

  • Within sixty (60) days of the formation of the Management Committee, NAMG shall propose programs and budgets for Exploration Work to the Management Committee for the First Anniversary Year.

  • Notwithstanding the provisions of paragraph 5.02 of the New Franchise Agreement and subject to the provisions of paragraph 2 of this Third Amendment, during the First Anniversary Year and in each Anniversary Year thereafter, Franchisee shall pay to Franchisor a Continuing Royalty equal to [***]% of certain Gross Revenues.

  • NAMG may abandon the Option at any time after meeting the firm Exploration Expenditures for the First Anniversary Year or making the Non-Refundable Payment, upon giving 30 days written notice to ICE.

  • Notwithstanding any other provision in this Agreement, NAMG covenants and agrees to incur $100,000 in Exploration Expenditures by the end of the First Anniversary Year, regardless of whether or not the Option is exercised.

  • B▇▇▇ shall provide a statement of its expenditures to the OWNER within 60 days after the First Anniversary Year ends and may make a payment to the OWNER of any deficiency within 30 days after the end of such 60-day period.

  • If the NOI shall fail to equal or exceed the Net Income Threshold during the First Anniversary Year, then the Net Income Earnout for the First Anniversary Year shall not be payable in accordance with Section 2.05.

  • Effective as of the Commencement Date and for the First Anniversary Year, the Amelio Group shall make available as necessary to fulfill obligations to STF Group Customers not less than thirty-five percent (35%) of its total annual production capacity (the “Dedicated Minimum Annual Production”) to the manufacture, delivery and installation of CIGS PV Products that are directly or indirectly sourced by the STF Group.

  • If the NOI during the Second Anniversary Year plus any Net Income Rollover from the First Anniversary Year shall fail to equal or exceed the Net Income Threshold, then the Net Income Earnout for the Second Anniversary Year shall not be payable in accordance with Section 2.05.


More Definitions of First Anniversary Year

First Anniversary Year means the one year period between the first day of the first full calendar month following the Closing Date and ending on the last day of the twelfth full calendar month thereafter, provided, however, to the extent the Closing Date occurs on one of the first ten days of a calendar month, the First Anniversary Year means the one year period beginning the first day of the calendar month in which the Closing occurs and ending on the last day of the twelfth calendar month thereafter.
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