Contract Year definition

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 the twelve (12) consecutive calendar months starting on the first day of the calendar month following the Commercial Operation Date and each subsequent twelve (12) consecutive calendar month period; provided that the first Contract Year shall include the days in the prior month in which the Commercial Operation Date occurred.

Examples of Contract Year in a sentence

  • Each Party shall, at its own expense, establish and maintain in effect during the Term public liability insurance policies in respect of (i) injury to persons, or (ii) damage to tangible property or (iii) financial loss resulting from injury to persons or damage to tangible property with a minimum level of cover of EUR ten (10) million for any one claim and EUR twenty (20) million in aggregate per Contract Year.


More Definitions of Contract Year

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.
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 each consecutive twelve (12) month period beginning on the Commencement Date.
Contract Year means a twelve (12) month period during the term of the contract commencing on the Effective Date and each anniversary thereof.
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 the 12 month period beginning on the Date of Issue and each 12 month period thereafter.
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: