Natural Calendar Quarter definition

Natural Calendar Quarter means any of the three-month periods January 1 through March 31; April 1 through June 30; July 1 through September 30; and October 1 through December 31, which shall together comprise the Company’s calendar fiscal year until a Listing when the Company’s fiscal year may be altered to facilitate such Listing.
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Examples of Natural Calendar Quarter in a sentence

  • Subject to the last sentence of Section 6.2(e), for purposes of this Agreement, all distributions (other than a distribution in complete redemption of a Member’s Member Interest) shall be made quarterly on the earlier of five business days following the first meeting of the Board of Directors of the Corporate Manager after the close of a Natural Calendar Quarter and the end of the first month following the close of such Natural Calendar Quarter.

  • For purposes of this Section 6.2(d), each Member Unit shall be valued based upon the aggregate Net Book Value as of the end of the preceding Natural Calendar Quarter, divided by the number of Member Units outstanding as of the end of the preceding Natural Calendar Quarter.

  • Until a Listing by the Company or Corporate Manager, the record date for a distribution shall be the end of each Natural Calendar Quarter within the Company’s calendar fiscal year and the payment date shall be as set forth in Section 6.7. Upon such a Listing, the Corporate Manager shall set such record dates and payment dates as may be required or are appropriate, consistent with the distribution of cash on a quarterly basis.

  • However, if the Corporate Manager is unable to distribute to all Taxable Members and Partially Taxable Members the aggregate amount provided in this clause, the Corporate Manager shall distribute such lesser amount as is available to the Taxable Members and Partially Taxable Members on a pro rata basis according to their respective shares of Tax Expense Recovery Income for the preceding Natural Calendar Quarter.

  • In no event shall the aggregate amount of Tax Expense Recovery Income distributed pursuant to Section 6.2(a) exceed the amount of Tax Expense Recovery Income recovered and allocated to Members pursuant to Section 6.1(a)(i) in the preceding Natural Calendar Quarter.

Related to Natural Calendar Quarter

  • Calendar Quarter means the respective periods of three (3) consecutive calendar months ending on March 31, June 30, September 30 and December 31.

  • Calendar Year means each successive period of twelve (12) calendar months commencing on January 1 and ending on December 31, except that the first Calendar Year of the Term shall commence on the Effective Date and end on December 31 of the year in which the Effective Date occurs and the last Calendar Year of the Term shall commence on January 1 of the year in which the Term ends and end on the last day of the Term.

  • Calendar Week means any period of seven days starting with the same day as the first day of the First Assignment;

  • Quarter means, unless the context requires otherwise, a fiscal quarter of the Partnership, or, with respect to the fiscal quarter of the Partnership which includes the Closing Date, the portion of such fiscal quarter after the Closing Date.

  • Quarterly Period means each period of three (3) consecutive months ending on March 31, June 30, September 30, and December 31.

  • Crop year means any 12 month period which represents the planting, growing, harvesting and marketing of an insurable crop, as stated in the Schedules;

  • Distribution Calendar Year means the calendar year for which a minimum distribution is required. For distributions beginning before the Participant’s death, the first distribution calendar year is the calendar year immediately preceding the calendar year which contains the Participant’s required beginning date. The required minimum distribution for the Participant’s first distribution calendar year will be made on or before the Participant’s required beginning date. The required minimum distribution for other distribution calendar years, including the required minimum distribution for the distribution calendar year in which the Participant’s required beginning date occurs, will be made on or before December 31 of that distribution calendar year.

  • Planning Period Quarter means any of the following three month periods in the Planning Period: June, July and August; September, October and November; December, January and February; or March, April and May.

  • Program Year means the annual period beginning January 1 and ending December 31.

  • Calendar Month means any of the twelve (12) months of the Calendar Year.

  • Gas Year means the period of 365 or 366 Gas Days, as the case may be, beginning at October 1st at 06:00 hours (Belgian time) and ending at September 30th 06:00 hours (Belgian time) of the next year.

  • Contract Quarter means a three-month period that commences on January 1, April 1, July 1 or October 1 and ends on March 31, June 30, September 30, or December 31, respectively.

  • Contract Year means each period of twelve (12) consecutive months during the Initial Term of this Agreement, with the first Contract Year commencing on the Effective Date, and with each subsequent Contract Year commencing on the anniversary of the Effective Date.

  • Fiscal Quarter means a fiscal quarter of any Fiscal Year.

  • Financial Quarter means the period commencing on the day after one Quarter Date and ending on the next Quarter Date.

  • Year means a calendar year.

  • Semi-Annual Period means each period of six-months, commencing on the first day of a Fiscal Year; provided that the first such period shall begin on July 1, 2013 and end on December 31, 2013.

  • Federal Fiscal Year means the period beginning October 1 and ending September 30 each year, which is the annual accounting period for the United States government.

  • Applicable Measurement Period means the most recently completed four consecutive fiscal quarters of the Issuer immediately preceding the Applicable Calculation Date for which internal financial statements are available.

  • Calendar means discrete temporal reference system that provides the basis for defining temporal position to a resolution of one day;

  • Quarterly (1/Quarter) sampling frequency means the sampling shall be done in the months of March, June, August, and December, unless specifically identified otherwise in the Effluent Limitations and Monitoring Requirements table.

  • Fiscal Month means any of the monthly accounting periods of Borrower.

  • Forecast Period means the period of three calendar months for which a Forecast is provided;

  • Mid-Month Receipt Period With respect to each Distribution Date, the one month period beginning on the Determination Date (or, in the case of the first Distribution Date, from and including the Cut-Off-Date) occurring in the calendar month preceding the month in which such Distribution Date occurs and ending on the day preceding the Determination Date immediately preceding such Distribution Date.

  • Fiscal Quarters means the period from January 1 to March 31, April 1 to June 30, July 1 to September 30 and October 1 to December 31 of the applicable year.

  • Testing Period means a single period consisting of the four consecutive fiscal quarters of the Borrower then last ended (whether or not such quarters are all within the same fiscal year), except that if a particular provision of this Agreement indicates that a Testing Period shall be of a different specified duration, such Testing Period shall consist of the particular fiscal quarter or quarters then last ended that are so indicated in such provision.