Term Year 1 definition

Term Year 1 means a twelve (12) month period beginning on the first day of the Commencement Date (as that term is defined in Section 4.3) and the successive twelve (12) month period thereafter.
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Term Year 1 means the period commencing December 10, 2009 and ending June 30, 2011. The term “Term Year 2” means the period commencing July 1, 2011 and ending January 31, 2012.
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Term Year 1 means the first Term Year; "Term Year 2" means the second Term Year; and "Term Year 3" means the third Term Year. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED AS TO CERTAIN PORTIONS OF THIS DOCUMENT. EACH SUCH PORTION, WHICH HAS BEEN OMITTED HEREIN AND REPLACED WITH AN ASTERISK ***, HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION
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Examples of Term Year 1 in a sentence

  • The Energy Price shall be as follows: TERM YEAR $/MWh From Initial Operation to beginning of Term Year 1 78.00 1 78.78 2 79.57 3 80.36 4 81.17 5 81.98 6 82.80 7 83.63 8 84.46 9 85.31 10 86.16 11 87.02 12 87.89 13 88.77 14 89.66 The contents of this document are subject to restrictions on disclosure as set forth herein.

  • The Base Price for Term Year 1 shall commence on the Effective Date of this Agreement and the Base Price for each Term Year subsequent to Term Year 1 shall be effective commencing on the first day of each subsequent Term Year starting with January 16, 2005.

  • Exhibit C Contract Term Year 1: February 2, 2009 – February 1, 2010 Year 2: February 2, 2010 – February 1, 2011 Year 3: February 2, 2011 – February 1, 2012 Year 4: February 2, 2012 – February 1, 2013 Year 5: February 2, 2013 – February 1, 2014 At least one (1) year, but no more than 18 months, before the expiration of the Contract Term, Licensee may request renewal of this Agreement, and such renewal may be granted by Licensor in its sole discretion.

  • EXHIBIT C Time Period Net Weekly Rate CPS Term Year 1 [XXXX] [XXXX] Term Year 2 [XXXX] [XXXX] Term Year 3 [XXXX] [XXXX] · Each term shall mean each consecutive twelve month period following the Service Commencement Date or the previous Term Year, as applicable.

  • For the first twelve (12) months of the Employment Term ("Year 1"), the Company shall pay the Executive an annual rate of base salary of $550,000, inclusive of Executive's automobile allowance and professional allowances, in periodic installments in accordance with the Company's customary payroll practices and applicable wage payment laws, but no less frequently than monthly.


More Definitions of Term Year 1

Term Year 1 means the period commencing December 10, 2009 and ending June 30, 2011. The term “Term Year 2” means the period commencing July 1, 2011 and ending January 31, 2012. High Definition. In the first sentence of Section 2.1 of the General Terms, the words “or High Definition (except for Portable Devices) and” are added afterbefore the words “in Standard Definition”; provided that, for the avoidance of doubt, High Definition Included Programs shall be, at all times during the Term, subject to the content protection requirements as set forth on Schedule B-1 toin the Agreement, as amended by this Amendment.
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Related to Term Year 1

  • 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 —

  • One-hundred-year flood means a flood having a one per cent chance of being equaled or exceeded in any given year.

  • 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.

  • 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.

  • Estimated Incremental Quarterly Tax Amount has the meaning assigned to such term in Section 6.9.

  • Payout Period means the time frame during which certain benefits payable hereunder shall be distributed. Payments shall be made in monthly installments commencing on the first day of the month following the occurrence of the event which triggers distribution and continuing for a period of one hundred eighty (180) months. Should the Executive make a Timely Election to receive a lump sum benefit payment, the Executive's Payout Period shall be deemed to be one (1) month.

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

  • Relevant Year t means the Financial Year for the purposes of which any calculation falls to be made; "Relevant Year t-1" means the Financial Year preceding Relevant Year t, and similar expressions shall be construed accordingly;

  • Budget year means the financial year of the municipality for which an annual budget is to be approved in terms of section 16(1) of the MFMA;

  • 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;

  • 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.

  • Year 3 means the school year in which the majority of pupils attain the age of eight;

  • Term Commencement Date shall be the later of (i) November 1, 2006 or (ii) the date on which Landlord’s Work is Substantially Complete (or the date on which Landlord’s Work would have been Substantially Complete absent Tenant Delay or Force Majeure (as defined below)); provided, however, that if the Term Commencement Date is not the first day of a calendar month, then the first lease year shall be extended through the last day of the calendar month in which the first 12-month period expires, and Rent for the additional period at the end of the first lease year shall be payable at the rate for the 12th month of the Term. “Force Majeure” means accident; breakage; repair; governmental regulation, moratorium or other governmental action. The “Term Expiration Date” shall be the day immediately preceding the seventh (7th) anniversary of the Term Commencement Date, provided that if such preceding day is not the last day of a calendar month, then the Term Expiration Date shall be the last date of the calendar month in which such preceding day occurs. Landlord and Tenant shall each execute and deliver to the other written acknowledgment of the actual Term Commencement Date and the Term Expiration Date when such are established, and shall attach it to this Lease as Exhibit B. Failure to execute and deliver such acknowledgment, however, shall not affect the Term Commencement Date or Landlord’s or Tenant’s liability hereunder. Failure by Tenant to obtain validation by any medical review board or other similar governmental licensing of the Premises required for the Permitted Use by Tenant shall not serve to extend the Term Commencement Date.

  • Minimum Quarterly Distribution means $0.35 per Unit per Quarter (or with respect to the period commencing on the Closing Date and ending on September 30, 2005, it means the product of $0.35 multiplied by a fraction of which the numerator is the number of days in such period and of which the denominator is 92), subject to adjustment in accordance with Section 6.6 and Section 6.9.

  • 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