Examples of Year 1 in a sentence
The values shown below are based on the following assumptions: • Initial Purchase Payment = $100,000 • Rider Effective Date = Contract Date • A subsequent Purchase Payment of $100,000 is received during Contract Year 1.
For an explanation of the values and activities at the start of and during Contract Year 1, refer to Examples #1 and #2.
RMC will conduct a minimum of US$250,000 in exploration activities by the end of Year 1.
Subject to a minimum of: Year 1: $0 Year 2: $25,000 Year 3 and subsequent years: $50,000 Subadviser’s fee shall be computed monthly, and within twelve business days of the end of each calendar month, Manager shall transmit to Subadviser the fee for the previous month.
There is no payment required under this Agreement in the first year ("Year 1" or the "Warranty Year").