First Contract Year definition
Examples of First Contract Year in a sentence
The representations and warranties contained in this Section shall survive only until the end of the First Contract Year.
LICENSEE shall pay, for each Contract Year during the term of this Agreement, beginning with the First Contract Year, the respective Guaranteed Annual Royalty Payments set forth in item 7 of the attached License Agreement Detail Schedule.
The First Contract Year is the annual period beginning on the Launch Date; the Second Contract Year is the annual period commencing one year after the Launch Date, etc.
This Contract shall take effect at 12:01 a.m., Standard Time, July 1, 2020, and shall remain in effect until 12:01 a.m., Standard Time, July 1, 2023, in respect of losses occurring on Policies in force at the inception of this Contract (First Contract Year only), and losses occurring on Policies written or renewed during the term of this Contract (all Contract Years).
The Company shall submit its desired schedule of Scheduled Outage periods (including the duration of each such period) to BPDB one (1) month before the Required Commercial Operations Date of the Facility for the First Contract Year and by the sixth month of each Contract Year for the next Contract Year.