First License Year definition
Examples of First License Year in a sentence
The "First License Year" shall mean the period commencing on the Effective Date and ending December 31, 2012.
The Term of License begins on the Effective date and shall terminate at the end of First License Year.
The "First License Year" shall mean the period commencing on the Effective Date and ending December 31, 2008.
A “License Year” is the period from June 1 of one calendar year (or the Commencement Date in the case of the First License Year) to May 31 of the following calendar year.
For the First License Year, Licensee shall forward quarterly summaries of all consumer complaints about the Products to Nabisco.
The "First License Year" shall mean the period commencing on the Effective Date and ending December 31, 2002.
Likewise, if for one day of the month during the First License Year, MMC used 600 spaces and for the rest of the month, it used less than 600 spaces, the Monthly License Fee for that month would be $90,000 (600 spaces times the Monthly Per Space Fee of $150 per space).
By way of illustration only, if MMC used between 400 and 450 parking spaces during a month of the First License Year, the Monthly License Fee would be $75,000 (the 500 Guaranteed Spaces times the Monthly Per Space Fee of $150).
The "First License Year" shall mean the period commencing on the Effective Date and ending December 31, 2003.
The "First License Year" shall mean the period commencing on the Effective Date and ending February 16, 2001.