Initial Year means the first 12 full calendar months of the Initial Term.
Initial Year shall have the meaning set forth in Section II.A.2. of this License Agreement.
Initial Year means the balance of the Year following the expiration of the Initial Operating Period.
Examples of Initial Year in a sentence
Thereafter, the Agreement shall automatically renew for successive one-year periods (each, a “Renewal Year”), unless either party notifies the other party in writing, not less than 30 days prior to the expiration of the Initial Year or the Renewal Year, as applicable, of such party’s decision not to renew the Agreement.
Following the Initial Year, Licensee shall pay S&P a minimum fee of two thousand five hundred U.S. Dollars ($2,500) for every series of the Product launched by Licensee (the “Series Minimum Fee”) after that Initial Year, provided, however that the total Series Minimum Fees in aggregate paid by Licensee to S&P for any one (1) year period shall not exceed Ten Thousand U.S. Dollars ($10,000).
The Initial Year Payment shall consist of only Base Payments (after all applicable offsets).
Except for the Initial Year Payment, a Later Participating Special District shall not receive any share of any Base or Incentive Payments paid to the Subdivision Fund that were due before it became a Participating Special District.
A Later Participating Subdivision that becomes a Participating Subdivision after June 15, 2023 shall receive no share of the Initial Year Payment.
More Definitions of Initial Year
Initial Year. Commissions -- New Enrollments for CMS Contract Year 2012 Initial Year Commissions Note: The above commissions will be paid for electronic enrollments only. In the event that Agent submits paper based enrollments, the Company reserves the right to charge Agent an administrative fee which will be deducted from the Agent-level commission specified above. The amount of any administrative fee will be determined by the Company and made available to Agent upon request.
Initial Year has the meaning set forth in Section 3.1(a)(i).
Initial Year. Each staff member who wants to participate in the bank will contribute one day to the bank. Current days in the USD #105 bank will be carried forward to the USD #105 bank. New Staff Members may buy-in to the bank by contributing one day of total authorized personal sick leave (see #1 above). Use of Bank: The following procedure will be used to regulate use of the bank: • A sick leave bank Leave Review Committee will be appointed to evaluate requests for use of the bank. The sick leave bank committee will include one administrator, one certified staff member and one classified staff member from each building where as one of the certified staff members is an association member. Staff members will be appointed by the other staff from their building and the administrator will be appointed by the superintendent. The sick leave bank committee members will serve a two-year term beginning 2020-2021 school year with no consecutive terms. For the 2020-2021 school year, the appointed association member will serve a three-year term. They will act on requests on a need basis; • Requests for bank use will be submitted to the district office on a designated form. When possible, requests should be submitted in advance of anticipated use but requests may be considered on a retroactive basis in the event of emergency; • Applicants must use all of their personal sick leave before they can use leave from the bank; • Individual use of the bank will be limited to no more than 40 working days per school year. Conditions which require more leave will require written requests to the Board of Education which will make a determination if emergency conditions justify full or partial forgiveness of lost time due to prolonged medical need. Such approved leave will not be deducted from the sick leave bank. Such requests will be considered on an individual basis. The Board may have access to data regarding past medical and sick leave records involving personal leave and/or sick leave bank use.
Initial Year means the period of time from the Commencement Date until the end of calendar year 2001.
Initial Year is defined in Section 6.1.
Initial Year. Initial Year means:(a) the financial year in which the investor designates his demat account as RGESS account and makes investment in the Eligible Securities for availing deduction under RGESS; or(b) the financial year in which the investor makes investment in Eligible Securities for availing deduction under RGESS for the first time, if the investordoes not make any investment in Eligible Securities in the financial year in which the account is so designated. "Investment Management Agreement" The agreement dated June 8, 2000 entered into between HDFC Trustee CompanyLimited and HDFC Asset Management Company Limited, as amended from time to time. "Investor Service Centres" or "ISCs" Designated Offices of HDFC Asset Management Company Limited or such other centres / offices as may be designated by the AMC from time to time. "Load" In the case of Redemption / Switch-out of a Unit, the sum of money deducted from the Applicable NAV on the Redemption / Switch-out and in the case of Sale/ Switch-in of a Unit, a sum of money to be paid by the prospective investoron the Sale / Switch-in of a Unit in addition to the Applicable NAV. "Lock-in Period" Units held under the Scheme by the Unit holders and as declared/ designated for availing tax benefits shall be subject to lock-in-periods viz. fixed lock-in and flexible lock-in as specified under the notified RGESS. The fixed lock-in-period shall commence from the date of purchase of such Units in the relevant financial year and end on the 31st day of March of the year immediately following the relevant financial year.The flexible lock-in period will be of two years beginning immediately after the end of the fixed lock-in period.The Depositories will be required to ensure the enforcement of the lock-in on Units under the Scheme. "Maturity Date / Final Redemption Date" The date (or the immediately following Business Day, if that date is not a BusinessDay) on which the Units under the Scheme will be compulsorily and without any further act by the Unit holder(s) redeemed at the Applicable NAV. "Money Market Instruments" Includes commercial papers, commercial bills, treasury bills, Government securities having an unexpired maturity upto one year, call or notice money, certificate of deposit, usance bills and any other like instruments as specified bythe Reserve Bank of India from time to time. "Mutual Fund" or "the Fund" HDFC Mutual Fund, a trust set up under the provisions of the Indian Trusts Act, 1882. "National Stock Exch...
Initial Year means the period beginning on the date of this Agreement and ending on the date that is twelve months from the date of this Agreement.