Construction Year definition

Construction Year means the 12 month period commencing on the Construction Start Date and each succeeding 12 month period commencing on an anniversary of the Construction Start Date that falls within the Construction Period;
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Construction Year means a Project Year during which a Project Segment is being designed or is under construction. The first Construction Year starts on the Effective Date of this Agreement and corresponds to the first Project Year. The last Construction Year for a Project Segment shall be that portion of the twelve-month period between the last full (i.e. twelve month) Project Year and the Date of Commercial Operation. The Construction Year for both Project Segments shall run concurrently, except that the conclusion of the last Construction Year for one of the Project Segments (when it reaches its Date of Commercial Operation) shall not affect the calculation of Construction Years for the other Project Segment, which shall continue until that segment reaches its Date of Commercial Operation.
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Construction Year means the year the development’s construction is planned to be complete, or the year when the issuance of the Certificate of Occupancy or equivalent certification is expected.
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Related to Construction Year

  • transition year means the financial year of an issuer or business in which the issuer or business changes its financial year-end;

  • Operating Year means each calendar year that includes any part of the Term.

  • Construction Period means the period commencing from the Appointed Date and ending on the date of the Completion Certificate;

  • Election Year means a year in which ordinary elections for local governments are required to be held;

  • Vacation Year means the twelve (12) month period commencing on the first day of April in each calendar year and concluding on the last day of March of the following calendar year.