Term Year 1 definition

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.
Sample 1Sample 2
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.
Sample 1Sample 2
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
Sample 1

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.

Related to Term Year 1

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

  • 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.

  • 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;

  • 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.