Contract Year means each period of twelve (12) consecutive months during the Initial Term of this Agreement, with the first Contract Year commencing on the Effective Date, and with each subsequent Contract Year commencing on the anniversary of the Effective Date.
Contract Year means, with respect to the initial Contract Year, the period beginning on the Commercial Operation Date and ending at 12.00 midnight on 31st March of that Fiscal Year. Each successive Contract Year shall coincide with the succeeding Fiscal Year, i.e., a period of twelve months commencing on April 1 and ending on following March 31, except that the final Contract Year shall end on the date of expiry of the Term or on Termination of this Agreement whichever is earlier.
Contract Year means any twelve month period following (i) the effective date of this PMC BPO Cloud Agreement, or an Order Form, whatever relates to, in case of the first Contract Year or (ii) any anniversary of such effective date in case of any subsequent Contract Year.
Examples of Contract Year in a sentence
When monthly enplaning passengers on scheduled flights at the Airport return to eighty percent (80%) compared to the same months of the prior Contract Year for more than three (3) consecutive months, the MAPF will revert to the MAPF then in effect for the current Contract Year.
If for any reason the number of monthly enplaning passengers on scheduled flights at the Airport drops to less than eighty percent (80%), but more than forty percent (40%), for more than three (3) consecutive months compared to the same months of the prior Contract Year then, beginning in the following month, the Privilege Fee will be paid at a rate of MAPF per passenger.
More Definitions of Contract Year
Contract Year means the period beginning from the Effective Date and ending on the immediately succeeding 31st March and thereafter each period of 12 months beginning on 1st April and ending on 31st March provided that:
Contract Year means each twelve (12) month period during the Term which begins on 01 January and ends on the immediately following 31 December, provided that:
Contract Year means a twelve (12) month period during the term of this Agreement commencing on the Effective Date and each anniversary thereof.
Contract Year means a period of twelve (12) consecutive months. The first Contract Year shall commence on the Initial Energy Delivery Date and each subsequent Contract Year shall commence on the anniversary of the Initial Energy Delivery Date.
Contract Year means the period beginning from the Effective Date and ending on the immediately succeeding March 31 and thereafter each period of 12 months beginning on April 1 and ending on March 31 provided that:
Contract Year means the period beginning from the Effective Date and ending on the immediately succeeding March 31 and thereafter each period of 12 months beginning on April 1 and ending on March 31 provided that: (i) in the financial year in which the Scheduled Commissioning Date would occur, the Contract Year shall end on the date immediately before the Scheduled Commissioning Date and a new Contract Year shall commence once again from the Scheduled Commissioning Date and end on the immediately succeeding March 31, and thereafter each period of twelve (12) months commencing on April 1 and ending on March 31, and (ii) provided further that the last Contract Year of this Agreement shall end on the last day of the Term of this Agreement
Contract Year means a year that commences on January 1 and ends on the last day of December of such year, except that the initial Contract Year shall commence on the Commencement Date and the final Contract Year shall end on the last day of the Term.