Market Year definition
Examples of Market Year in a sentence
LICENSOR's participation in royalties from Manufacturers under paragraph 3(b)(ii) of Article VI shall be paid within sixty (60) days following the end of each half of each Market Year, based upon LICENSEE's receipts of such royalty payments from Manufacturers during each half Market Year.
LICENSEE agrees that each minimum annual payment under paragraph 4 of Article VI shall become a present obligation of LICENSEE to LICENSOR on the first day of each Market Year; and LICENSEE agrees that such minimum amounts are to be paid to LICENSOR together with the remittance made for the last accounting period of the applicable Market Year, in the event earned royalties for such Market Year do not reach the minimum amount set forth.
If not withdrawn, approved requests expire at the end of the Market Year (March 31).
Within 15 business days of receipt of such notice, the Greenmarket may grant the extension to the Market Year Leave of Absence in its sole discretion.
At the end of such Market Year Leave of Absence, the Replacement Producer will, if possible, be assigned to another space, or be given priority to return in the future to the market should no space be available at such time.