Common use of Expense Year Clause in Contracts

Expense Year. The term “Expense Year” shall mean the 12-calendar month period as set forth herein. The first Expense Year (the “First Expense Year”) shall commence on the first day following the end of the Base Year and shall continue for the next succeeding 12 calendar months. The second and subsequent Expense Years shall commence on the first day following the end of the preceding Expense Year and shall continue for the next succeeding 12 calendar months.