First Operating Year definition

First Operating Year means the period from the Effective Date until the following 31st December;

First Operating Year means January 1, 2017 through and including September 30, 2017, unless this Agreement is terminated earlier.

First Operating Year means the Operating Year commencing on the FirstOperations Date and ending on 31 December of the calendar year in which the First Operations Date occurs;

Examples of First Operating Year in a sentence

• The consummation of the Transactions and the Standalone Drug Sale will not cause any advances under the Advance Contracts to be repayable within one year of the Closing Date (the “First Operating Year”), assuming the Company’s and its Subsidiaries’ business consisted only of the New Diamond Business and generated a sales volume during the course of the First Operating Year that is consistent with the sales volume of the New Diamond Business over that past year.

• The terms, covenants and conditions during the Initial Term, including but not limited to the definitions of First Tax Year and First Operating Year as set forth in Article 36 hereof, shall be projected and carried over into the Renewal Term, except as specifically set forth hereinafter.

• Within one hundred and eighty (180) days after the commencement of each Operating Year, or as soon as practicable thereafter, except for the First Operating Year, Landlord shall present to Tenant a statement (the "Operating Statement") showing, inter alia, the Operating Increase Amount, if any, due hereunder (the date upon which the Operating Statement is presented to Tenant being hereinafter referred to as the "Billing Date").

• In the First Operating Year, the Contractor’s payments to the City for disposal costs shall be in the amount of Twenty-Five Thousand Dollars ($25,000) each Operating Month.

• Landlord hereby notifies Tenant that Landlord's initial estimate of Additional Rent for the first Operating Year is $37,899.00; therefore, during that First Operating Year, $3,158.25 shall be due monthly as initial Estimated Additional Rent.

More Definitions of First Operating Year

First Operating Year means the calendar year ending December 31, 2022.

First Operating Year means the first full calendar year following the year in which the Xxxxx 0 Xxxxxxxxxx Xxxxxxxx occurs.

First Operating Year means May 1, 2023, through and including April 30, 2024, unless this Agreement is terminated earlier.

First Operating Year shall each mean the calendar year ending December 31, 2004. For purposes of calculating Adjusted Minimum Rent with respect to the Growth Space, the terms “First Tax Year” and “First Operating Year” shall not be amended hereby and shall continue to have their respective meanings as in effect prior to the date of this Agreement.

First Operating Year means the first year of operation of the Stadium Site commencing on the Opening Date and continuing for 365 days thereafter.

First Operating Year shall each mean the calendar year ending December 31, 2004. As of March 1, 2011, Tenant shall pay Landlord an Adjusted Minimum Rent as follows and Section 36 of the Lease shall be deemed amended accordingly: Tenant shall pay Landlord Tenant’s Occupancy Percentage of Taxes and Building Operating Costs for the Building over a “Tax and Operating Cost Expense Stop” of $1,037,390.40 ($9.15 multiplied by the gross rentable square footage of the Building, i.e. 113,376 square feet). The Taxes and Building Operating Costs shall be combined, and Tenant shall pay, as the Adjusted Minimum Rent, Tenant’s Occupancy Percentage that such combined sum of Taxes and Building Operating Costs for the Building exceeds the Tax and Operating Cost Expense Stop of $1,037,390.40 ($9.15 multiplied by the gross rentable square footage of the Building, i.e. 113,376 square feet). Such Adjusted Minimum Rent shall be paid by Tenant to Landlord in accordance with Section 36.5(1) of the Lease, mutatis mutandis.

First Operating Year means the Operating Year commencing on the First Operations Date and ending on 31 December of the calendar year in which the First Operations Date occurs;