Broken Period definition
Broken Period means either the period from the Commencement Date to the end of the then current Accounting Period or the period from the last occurring first day of an Accounting Period during the Term until the expiry or termination of the Term;
Broken Period means, in relation to a Loan, the final Interest Period of that Loan, in each case only to the extent it is:
1.1.21.1. if a 1 (one) Month Interest Period is selected, less than 30 (thirty) days; or
1.1.21.2. if a 3 (three) Month Interest Period is selected, less than 91 (ninety-one) days;
1.1.21.3. if a 6 (six) Month Interest Period is selected, less than 180 (one-hundred and eighty) days;
Broken Period means the period from the Commencement Date of the Occupation Right (as specified in item 5.4 of the Schedule of Information) to the next following 31 March and also the period from and including 1 April during the term of this Agreement until the date on which the Operator settles the payments under a licence to a new resident.
Examples of Broken Period in a sentence
As soon as practicable following the Commencement Date the Lessor will advise the Lessee of the Lessor's estimate of Outgoings through to the last day of the initial Broken Period.
Any required adjustment to reflect the actual annual Outgoings spent will be made at the end of the Accounting Period or Broken Period and any further payment required will be payable by the Licensee within 10 working days or a credit will be issued to the Licensee as appropriate.
If any action or proceeding is brought by any party against any other party, the prevailing party shall be entitled to recover from the other party reasonable attorneys' fees, statutory costs and non-statutory costs incurred in connection with the prosecution or defense of such action.
More Definitions of Broken Period
Broken Period means the actual number of days commencing from the day of disbursal of the Loan Amount till one day prior to the commencement of the Due Date opted by the Borrower(s) and shall also include the actual number of days commencing from the Due Date till the date on which the Loan is prepaid prior to the next Due Date;
Broken Period means (as the case requires) the period from the commencement date until the commencement of the first full lease year and the period from the expiration of the last full lease year until the expiration date;
Broken Period means, in relation to an A Preference Share, the first Dividend Period of that A Preference Share and the final Dividend Period of that A Preference Share, in each case only to the extent they are less than 91 (ninety one) days;