Common use of First Fiscal Year Clause in Contracts

First Fiscal Year. Notwithstanding section 3.1, for the First Fiscal Year of the Term (April 1, 2021 to March 31, 2022), the Revenue Sharing Contribution is deemed to be $59,298.83 (the total revenue share of the first fiscal at $355,793; the 10 month of April 2021 to January 2022 are paid from the previous FCRSA at $296,494.16; the month of February and March, 2022 at $59,298.83 are paid from this Agreement) the first instalment of which will be paid on or before September 30, 2021 if the Effective Date is prior to July 31st, 2021 or on or before March 31, 2022 if the Effective Date is after July 31st, 2021.

Appears in 1 contract

Sources: Consultation and Revenue Sharing Agreement

First Fiscal Year. Notwithstanding section 3.1, for the First Fiscal Year of the Term (April 1, 2021 to March 31, 2022), the Revenue Sharing Contribution is deemed to be $59,298.83 43,583.75 (the total revenue share of the first fiscal at $355,793523,005; the 10 11 month of April 2021 to January February 2022 are paid from the previous FCRSA at $296,494.16479,421.25; the month of February and March, 2022 at $59,298.83 are 43,583.75 is paid from this Agreement) the first instalment of which will be paid on or before September 30, 2021 if the Effective Date is prior to July 31st, 2021 or on or before March 31, 2022 if the Effective Date is after July 31st, 2021.

Appears in 1 contract

Sources: Consultation and Revenue Sharing Agreement