Contract Year Quarter definition
Examples of Contract Year Quarter in a sentence
Subject: Bioenergy Market Adjusting Tariff Power Purchase Agreement (“BioMAT PPA”) by and between PG&E and [Insert Seller’s full legal name], a [Insert Seller’s form of entity and state of registration] (“Seller”) – Fuel Attestation Dear Sir or Madam: Pursuant to Section [4.4.3][4.4.4] of the BioMAT PPA, Seller submits to PG&E this Fuel Attestation for the Contract [Year] [Quarter] that ended on [Date] [(“Contract Year”)] [(“Contract Quarter”)]).
Any over or underpayment thereafter determined to have been made when full data for such Contract Year Quarter is available shall be applied against the Co-Promotion Fee for the next Contract Year Quarter.
The Operating Committee shall meet not less than [*] per Calendar Quarter during the first Contract Year and not less than [*] per Contract Year Quarter thereafter during the Co-Promotion Period, with meetings alternating between the offices of Salix and Altana.
If, upon any such inspection, it shall appear that the royalty previously reported for any Contract Year Quarter has been understated by five (5%) percent or more, the expense of any such audit shall be borne by the Licensee.
Upon Licensee's request and in Everlast's reasonable discretion, errors made in any Royalty and Net Sales Statements during any Contract Year (if reflected in Licensee's payments) may be corrected with credits or debits to the Royalty and Net Sales Statement submitted for the first Contract Year Quarter of the immediately following Contract Year.
Licensee shall report any such award in the Royalty and Net Sales Report for the Contract Year Quarter in which such award is received, and pay Everlast a royalty of 5% thereon.
Together with each fourth (4th) Contract Year Quarter Royalty and Net Sales Statement submitted to Everlast during each Contract Year, Licensee shall submit to Everlast a written summary of such expenditures made during said quarter.
Each of the Initial Term and each Renewal Term may be referred to as a "Contract Year." Each Contract Year ------------- shall be divided into four (4) equal periods, with each such period referred to as a "Contract Year Quarter." In turn, the Initial Term or any Renewal Term ----------------------- shall be divided into Contract Years.
Each such Royalty and Net Sales Statement submitted after January 1, 2008 shall be accompanied by payment in full, in U.S. dollars, of an amount equal to the Earned Royalties for the Contract Year Quarter ending as of the month immediately prior to such Royalty and Net Sales Statement, less Guaranteed Minimum Royalties due and paid during such Contract Year Quarter (subject to any applicable adjustments made pursuant to paragraph 4.3 herein above).
Each such Royalty and Net Sales Statement submitted after January 1, 2010 shall be accompanied by payment in full, in U.S. dollars, of an amount equal to the Earned Royalties for the Contract Year Quarter ending as of the month immediately prior to such Royalty and Net Sales Statement, less Guaranteed Minimum Royalties due and paid during such Contract Year Quarter (subject to any applicable adjustments made pursuant to paragraph 4.3 herein above).