Examples of License year in a sentence
The parties intend the Acknowledgement Letter to:(a) confirm the Commencement Date; (b) tender or confirm payment by wire transfer of the License Fee for the first License Year and the Security Deposit; and (c) confirm that Licensee has submitted all information required in Section 19 (Insurance) under this Master License.
Any holding over after the Expiration Date with the express consent of the City will be construed to automatically extend the Term of this Master License for a period of one License Year at a License Fee equal to 150% of the License Fee in effect immediately before the Expiration Date, and the Master License otherwise will be on its express terms and conditions.
The adjustment provided in this Section will be effective even if the first License Year was for less than a full calendar year.
At least once in every License Year, Licensee shall perform an inspection of all Equipment.