Seventh Year definition

Seventh Year means the seventh anniversary of the Closing Date.
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Seventh Year means the seventh anniversary of the date hereof.
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Examples of Seventh Year in a sentence

  • In no event will Landlord be obligated to disburse the Seventh Year Refurbishment Allowance to the extent Tenant has failed to satisfy all of the terms and conditions in Section 26.3 below on or before the day before the eight (8th) anniversary of the Commencement Date.

  • All tenant improvements in all portions of the Seventh Year Expansion Space which have been previously improved for another tenant shall be delivered to and accepted by Tenant in an "as is" condition.

  • Vesting of your Award(s) shall occur as of the end of the day on December 31st of each year in accordance with the following schedule: Fifth Year 50% Sixth Year 60% Seventh Year 70% Eighth Year 80% Ninth Year 90% Tenth Year 100% The vested amount will be paid to you in a lump sum as soon as practicable following such termination.

  • The Fifth Year Expansion Space, the Seventh Year Expansion Space and the Tenth Year Expansion Space are sometimes severally and collectively referred to in this Lease as the "Expansion Space".

  • The amount of any applicable CDSC will be calculated by multiplying the lesser of the original purchase price or the net asset value of such shares at the time of redemption by the applicable percentage shown in the table below: Redemption Within Percentage ----------------- ---------- First Year 5.75% Second Year 5.0% Third Year 4.0% Fourth Year 3.0% Fifth Year 2.0% Sixth Year 2.0% Seventh Year 1.0% After the Eighth Year Anniversary 0.0% Class B Shares are subject to Rule 12b-1 distribution expenses.

  • Notwithstanding anything in this Lease to the contrary, the obligation of Lessor to consummate the Lessee Option and convey the Lessee Option Property is conditioned upon (i) the receipt at the Lessee Closing of the Seventh Year Release Payment (as defined in the Maryland Loan Agreement) and (ii) no Event of Default or Unmatured Event of Default existing as of the Lessee Closing Date.

  • The Seventh Year Expansion Space shall be either internally contiguous or contiguous with other space leased by Tenant and on contiguous floors and shall have a configuration that is commercially usable and which shall have an approximately proportionate share of the exterior window walls on the applicable floor of the building.

  • During Year 7, if any, of the Term of this Agreement, Microsoft agrees to pay WebMD * of the Microsoft Revenues until such time as WebMD has received a total amount equal to the Seventh Year Fee, at which time Microsoft agrees to pay WebMD * of the Microsoft Revenue as detailed in the Year 7 Revenue Report for the remainder of Year 7.

  • A Seventh Year of Record Results Net income increased to $75.4 million in 1998, compared to $69.8 million in 1997, a gain of 8 percent.

  • If the Northwest Facility is not acquired by Owner, then the Northwest Facility shall be removed from Section 3.4 and the Seventh Year Release Payment shall be reduced by $7,952,560.56.

Related to Seventh Year

  • First Year means the intake group of Students for the most junior class or year in a school.

  • Income year means any year or accounting period beginning 1 July of one calendar year and ending 30 June of the following calendar year or any other period that the Trustees by resolution adopt;

  • Three-Year Period means, with respect to a Restatement, the three completed fiscal years immediately preceding the date that the Board, a committee of the Board, or the officer or officers of the Company authorized to take such action if Board action is not required, concludes, or reasonably should have concluded, that the Company is required to prepare such Restatement, or, if earlier, the date on which a court, regulator or other legally authorized body directs the Company to prepare such Restatement. The “Three-Year Period” also includes any transition period (that results from a change in the Company’s fiscal year) within or immediately following the three completed fiscal years identified in the preceding sentence. However, a transition period between the last day of the Company’s previous fiscal year end and the first day of its new fiscal year that comprises a period of nine to 12 months shall be deemed a completed fiscal year.

  • Year 3 means the tax year preceding the current tax year.

  • Month means calendar month.

  • Base Year Value means the assessed value of eligible property January 1 preceding the execution of the agreement plus the agreed upon value of eligible property improvements made after January 1 but before the execution of the agreement.

  • Year 2 means the year after year 1; year 3 means the year after year 2, year 4 means the year after year 3, and so on; and

  • Year means a calendar year.

  • Grant Year has the same meaning as in subclause 1(1) of Schedule 1 of HESA; ‘HESA’ means the Higher Education Support Xxx 0000; ‘maximum basic grant amount’ or ‘MBGA’ has the same meaning as in subclause 1(1) of Schedule 1 of HESA.

  • Anniversary Year The one-year period beginning on the Closing Date and ending on the first anniversary thereof, and each subsequent one-year period beginning on the day after the end of the preceding Anniversary Year and ending on next succeeding anniversary of the Closing Date.

  • Loan Year means each period of twelve (12) consecutive months commencing on the Closing Date and on each anniversary thereof.

  • Year 1 means the year next following the export date and “year” followed immediately by any other numeral has a corresponding meaning; reference in this Agreement to an Act shall include the amendments to such Act for the time being in force and also any Act passed in substitution therefor or in lieu thereof and the regulations for the time being in force thereunder; power given under any clause of this Agreement other than clause 17 hereof to extend any period or date shall be without prejudice to the power of the Minister under the said clause 17; marginal notes shall not affect the interpretation or construction hereof; the phases in which it is contemplated that this Agreement will operate are as follows —

  • Semi-Annual Period means each of: the period beginning on and including January 1 and ending on and including June 30; and the period beginning on and including July 1 and ending on and including December 31.

  • First Anniversary means the first anniversary of the Closing Date.

  • Twelve-Month Period means a twelve-month period ending on the first anniversary of the Effective Date or on each subsequent anniversary thereof.

  • Projected Annual Benefit means the annual retirement benefit (adjusted to an actuarial equivalent straight life annuity if such benefit is expressed in a form other than a straight life annuity or Qualified Joint and Survivor Annuity) to which the Participant would be entitled under the terms of the Plan assuming:

  • Average Annual Bonus means the average of the annual bonuses (if any) from the Company earned by the Executive with respect to the Bonus Fiscal Years during all or any portion of which the Executive was employed by the Company; and, provided, further, that, if the Executive was not employed by the Company during all or any portion of any of the Bonus Fiscal Years, “Average Annual Bonus” means zero.

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

  • Average Annual Compensation shall be an amount equal to the annual average of the sums of (x) the Executive’s annual Base Salary from the Company plus (y) the amount of Incentive Awards accrued by TNS for the Executive, in each case for the three calendar years that ended immediately before (or, if applicable, coincident with) the Change in Control Date;

  • Operating Month for a Shipper or Transferor means any calendar month in which Carrier either transports Crude Petroleum or recognizes and records a change in ownership of Crude Petroleum for the account of such Party. For purposes hereof the calendar month shall be deemed to begin at 7:00 a.m. (Central Time) on the first day of such month.

  • Half Year means the period of six months commencing on the first day of April or October of a financial year;

  • Term Year means a 12-month period beginning on the first day of the Term and each successive 12-month period thereafter.

  • Sales Year means the calendar year during which the Company sold Cigarettes in a Beneficiary State requiring the deposit of QEF Principal.