First Annual Period definition

First Annual Period as used in this Contract shall be from 12:01 a.m. Eastern Standard Time, January 1, 2018 to 12:01 a.m. Eastern Standard Time, January 1, 2019.

First Annual Period. $ contemporaneously with the execution of this Agreement; $ on or before April 1, 1993; $ on or before July 1, 1993; and $ on or before October 1, 1993. Second Annual Period: $ on or before January 1, 1994; $ on or before April 1, 1994; $ on or before July 1, 1994; and $ on or before October 1, 1994.

First Annual Period means the first 12-month period after the Implementation Date;

Examples of First Annual Period in a sentence

• As promptly as possible after the end of each annual period, the Company shall provide a report to the Reinsurer setting forth the premium due hereunder, computed in accordance with Paragraph A.1. for the First Annual Period and with Paragraph A.2. for the Second Annual Period, and any additional premium due the Reinsurer or return premium due the Company shall be remitted promptly.

• The Annual Minimum for the First Annual Period shall be [***] and thereafter shall be [***].

• For the First Annual Period, the Company shall pay the Reinsurer five point seven five percent (5.75%) of its Net Written Premium for the annual period.

• For the period consisting of the first 12 months after the Commencement Date, as defined in Subsection 9.A ("First Annual Period"), the Annual Fee will be one million, two hundred and fifty thousand dollars and no cents ($1,250,000.00).

• If the Company elects to terminate this Contract at December 31, 2018, the seven point two five percent (7.25%) rate set forth in Paragraph A for the First Annual Period shall increase to eight point zero percent (8.0%) for the First Annual Period.

More Definitions of First Annual Period

First Annual Period. $ 110,000 Second Annual Period: $ 165,000 Third Annual Period: $ 220,000 Fourth Annual Period: $ 250,000 Fifth Annual Period: $ 250,000 Sixth Annual Period: $ 250,000

First Annual Period. $12,500 on the first day each of January 2004, April 2004, July 2004 and October 2004.

First Annual Period means the 12 month period ending December 31, 2004; the "Second Annual Period" means the 12 month period ending

First Annual Period means the Annual Period commencing on the Commencement Date;

First Annual Period means the period beginning on the date of this Agreement and ending December 31, 2000.

First Annual Period means the twelve (12) month period commencing on August 1, 1997 through and including July 31, 1998.

First Annual Period means the twelve month period beginning with the first day of the first quarter following the quarter, if any, in which the Sales Milestone is achieved and “Annual Periods” shall mean the First Annual Period and each consecutive twelve month period thereafter, provided that the last Annual Period shall be the Annual Period during which the Revenue Milestone Termination Date occurs. For purposes of example only, if Gross Sales of Catheter Heart Valve Systems exceeds twenty million dollars ($20,000,000) for any Annual Period, the Milestone Consideration for the Growth Milestone shall be limited to seven million dollars ($7,000,000) (or such lesser amount as provided pursuant to Section 2.07(f)) and if the Sales Milestone is not met or if Gross Sales of Catheter Heart Valve Systems is less than ten million dollars ($10,000,000) for all Annual Periods, the Growth Milestone will not be achieved and in such event no Milestone Payment will be made with respect to the Growth Milestone.