First Contract Year definition

First Contract Year has the meaning given in the definition of "Contract Year".

First Contract Year shall have the meanings given those respective terms set forth in Section 2(b) of this Agreement.

First Contract Year means the period commencing on the Start-up Date and ending on the immediately following December 31.

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.

• The ACQ for the First Contract Year and Final Contract Year shall be pro-rated based on the number of days in each such Contract Year.

• The Parties acknowledge that all the members of the Consortium shall subscribe and hold at least fifty one percent (51%) of the Paid-up Share Capital with voting rights of SPV and the Lead Member of the Consortium shall subscribe and hold at least twenty six percent (26%) of the Paid-up Share Capital with voting rights of SPV from the date of incorporation of the SPV until the expiry of 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.

• 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).

More Definitions of First Contract Year

First Contract Year as defined in Section 4.4(a);

First Contract Year means the twelve (12) month period commencing on the Effective Date; the term “Second Contract Year” shall mean the twelve (12) month period commencing on the first anniversary of the Effective Date; and the term “Third Contract Year” shall mean the twelve (12) month period commencing on the second anniversary of the Effective Date (each, a “Contract Year”).

First Contract Year means the period of time from and including the Effective Date through and including December 31, 2012.

First Contract Year means that period of time commencing on the date of this Agreement and continuing through June 30 immediately following such date.

First Contract Year means the period commencing on the date of this Agreement and ending on December 31, 2008;

First Contract Year means the period of time from the Transfer Date to May 31, 1999.

First Contract Year as defined in Clause 3.2.1;