Cap Year definition

Cap Year means the 12-month period commencing on the Initial Closing Date and each anniversary thereof.
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Cap Year means the period from the first day of the first calendar year after the Base Year through the succeeding 12 full calendar months and each successive calendar year thereafter during the Term; and (iii) “Controllable Operating Expenses” are defined herein to include all Operating Expenses, except for taxes, insurance, utilities, snow removal, waste removal and/or dumpster costs, the annual charge-off of any Permitted Capital Items, and labor costs tied to union labor rates.
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Examples of Cap Year in a sentence

  • The Standard NBA Contract Conversion Option may be exercised at any point during the period beginning on July 1 and ending just prior to the start of the Team’s last Regular Season game in each Salary Cap Year covered by the Two-Way Contract.

  • Every Two-Way Contract shall provide the Team with an option to convert the Two-Way Contract during its term to a Contract that is not a Two-Way Contract (“Standard NBA Contract”) that provides for a Salary for each Salary Cap Year equal to the player’s applicable Minimum Player Salary and a term equal to the remainder of the original term of the Two-Way Contract beginning on the date such option is exercised (“Standard NBA Contract Conversion Option”).

  • For purposes of calculating Team Salary, with respect to any Player Contract that is assigned, the assignee Team shall, upon assignment, have included in its Team Salary the entire Salary for the then-current Salary Cap Year and for all future Salary Cap Years.

  • Notwithstanding the preceding sentence, with respect to any Salary Cap Year during which a player makes at least eight (8) appearances pursuant to this Section 8(a)(i), for each subsequent appearance made by the player for a commercial sponsor of the Team during such Salary Cap Year, the player shall receive compensation from the Team by which he is employed of $4,500.

  • On July 1 of each Salary Cap Year, any Player Contract (other than a Two-Way Contract) entered into on or after the effective date of this Agreement that provides for a Salary for the upcoming Season that is less than the applicable Minimum Player Salary based on the Minimum Annual Salary Scale applicable to the player shall be deemed amended to provide for the applicable Minimum Player Salary based on such Minimum Annual Salary Scale.

  • For the 2017-18 Salary Cap Year, the Minimum Annual Salary Scale is set forth as Exhibit C hereto.

  • For each Salary Cap Year commencing with the 2018-19 Salary Cap Year, the Minimum Annual Salary Scale amounts shall be adjusted by applying the percentage increase (or decrease) in the Salary Cap from the preceding Salary Cap Year to the current Salary Cap Year.

  • Accordingly, for example, if the first Season covered by a player’s Contract is the 2018-19 Season, then the Minimum Annual Salary Scale for the 2018-19 Salary Cap Year shall apply for each Season of the Contract.

  • The Minimum Annual Salary Scale applicable to a player is determined by the Salary Cap Year encompassing the first Season covered by the player’s Contract.

  • If the Core Player and Team have not entered into a Contract, the Core Player Designation will terminate and become available to the Team again upon the earliest of: (a) the withdrawal by the Team of the Core Qualifying Offer; (b) the renunciation by the Team of the Core Player Designation (as set forth in Section 7(g) below); (c) the retirement of the Core Player; or (d) November 30 of the Salary Cap Year in which the Core Player Designation was made by the Team.

Related to Cap Year

  • Crop year means any 12 month period which represents the planting, growing, harvesting and marketing of an insurable crop, as stated in the Schedules;

  • Partnership Year means the fiscal year of the Partnership, which shall be the calendar year.

  • Membership Year means a 12-month period starting on the anniversary of the date that the membership commenced.

  • Excess Cash Flow Payment Period means, with respect to any Excess Cash Flow Payment Date, the immediately preceding fiscal year of the Borrower.

  • Rate Year means July 1st of a given Calendar Year through June 30th of the succeeding Calendar Year.