First Full Year definition

First Full Year means the first full calendar year of the HAP Contract beginning the year after the calendar year of the effective date.1
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First Full Year means the first full calendar year of the HAP Contract beginning the year after the calendar year of the effective date.3”
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First Full Year has the meaning set forth in Section 6.07.
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Examples of First Full Year in a sentence

  • Starting in the First Full Year (as defined in section 1.1(c)) and in each subsequent year in which the HAP Contract is effective, subject to the availability of sufficient appropriations, HUD will obligate funding in accordance with this HAP Contract and provide the Owner written notification of (i) the amount of such additional funding, (ii) the approximate period of time within the HAP Contract term to which it will be applied.

  • As of the beginning of the First Full Year, and unless the Contract Rents are revised in accordance with section 1.5(b), the Contract Rent for each bedroom size (i.e., number of bedrooms) shall be the initial Contract Rent as reflected in Exhibit 1A.

  • Initial Contract Rents do not take effect until the First Full Year (as defined in Section 1.1(c)).

  • Strategies that address impaired driving focus on educating people on dangers of driving impaired, keeping people from becoming too impaired to drive, preventing them from driving after drinking, stopping them while driving impaired, and keeping DUI offenders from repeating the behavior.

  • Based on an analysis of the payment rates on high-performing Multifamily-assisted projects, HUD assumes a 3 percent vacancy loss factor in the First Full Year.

  • Add the subtotals to arrive at a total estimate of HAP need for the First Full Year and then divide by 12 to arrive at a monthly rate.

  • Juvonen J, Graham S, Schuster MA (2003) Bullying among young adolescents: The strong, the weak, and the troubled.

  • Evaluation of non-agency RMBS and CMBS held by insurers using the NAIC rating methodologies is performed on an annual basis.As stated previously, our fixed maturity security portfolio is managed to minimize risks such as defaults or impairments while earning a sufficient and stable return on our investments.

  • Starting in the First Full Year and in each subsequent year in which the HAP Contract is effective, for the remainder of the initial term and any renewal term, subject to the availability of sufficient appropriated funding (budget authority), as provided in appropriations acts and in the CA’s Consolidated Annual Contributions Contract with HUD, the CA will make full payments of housing assistance payments due to an Owner for any contract year in accordance with the HAP Contract.

  • Administrative fees are generally paid based on historical VMS data.During the First Full Year, however, since there will be no historical VMS data, HUD will advance and reconcile fees due to the Contract Administrator over the course of the year.


More Definitions of First Full Year

First Full Year means the first, full calendar year of the Agreement term.
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First Full Year means the first full calendar year of the HAP Contract b eginning the year after the calendar year of the effective date.3”( 3) adding a third sentence to the definition of “HUD requirements” as follows: “HUD requirements include Notice PIH 2012-32; (HA), “Rental Assistance Demonstration—Final Implementation (RAD Implementation, Revision 2,” as revised or amended from time to time (or any successor d ocument) (RAD Notice).” Any references in this Rider to specific sections of the RAD Notice include any successor provisions whether explicitly stated or not.(j) Section 4.c. of the HAP Contract is revised to add the following provision 8:8. Notwithstanding anything else in this HAP Contract, in the Year of Conversion, any housing assistance payments shall equal amounts funded in accordance with Section 1.e.4.a (Funding for the Year of Conversion) of this HAP Contract.( k) (k) Section 5.a.1. of the HAP Contract is revised to read as follows: “Subject to section 5.b. of the HAP Contract, at each anniversary date during the term of the H AP Contract, the CA will adjust the rent to ownerO wner by applying HUD’’s operating cost adjustment factor (OCAF), subject to the availability of appropriations for each year of the H AP Contract term. ”( l) (l) Section 5.b. of the HAP Contract is revised to read as follows: “The rent to ownerO wner for each Contact Contract unit may at no time exceed the reasonable rent charged for comparable units in the private unassisted market, as determined by the CA in accordance with 24 C.F.R. § 983.303. However, the rent to owner Owner shall not be reduced below the initial rent toownerO wner for dwelling units under the HAP Contract except in the following cases: (1) to correct errors in calculations in accordance with HUD requirements; (2) if additional housing assistance has been combined with PBV assistance after the execution of the HAP Contract and a rent decrease is required pursuant to 24 C.F.R. § 983.55; or (3) if a decrease in rent toownerO wner is required based on changes in the allocation of responsibility for utilities between the ownerO wner and the tenant.” ( m)(m) Section 7.a. of the HAP Contract is revised to read as follows: “The owner Owner certifies that during the term of the HAP Contract: a. All Contract units meet HQS, or successor standard, or will meet HQS no later than the date of completion of initial repairsthe “Work” (including any e nvironmental mitigation measures) as indicated in the RAD Conversion
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First Full Year means the first full calendar year of the contract beginning the year after the calendar year of the effective date.1
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First Full Year means the first full Calendar Year, commencing at the end of the Initial Year.
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First Full Year shall have the meaning set forth in Section 4.2(a)(ii).
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First Full Year means the calendar year immediately following the calendar year in which the Final Rent Commencement Date for the Initial Office Premises (as defined in the Existing Comcast Lease) occurs, except that if the Final Rent Commencement Date for the Initial Office Premises occurs on a January 1, the First Full Year shall be the calendar year in which the Final Rent Commencement Date for the Initial Office Premises occurs.
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Related to First Full Year

  • Full year refers to the ordinary period of employment for the position.

  • School fiscal year means a fiscal year that commences July 1 and continues through June 30.

  • FY means the Borrower’s fiscal year commencing on January 1 and ending on December 31;

  • First Year means the intake group of Students for the most junior class or year in a school.

  • Agreement Year means each twelve (12) month period of the term of this Agreement beginning on the first day of the calendar year except for the “First Agreement Year” which shall mean the period commencing on the Effective Date and ending on December 31, 2003.

  • Program Year means the annual period beginning January 1 and ending December 31.

  • Model Year means the CI engine manufacturer’s annual production period, which includes January 1st of a calendar year, or if the manufacturer has no annual production period, the calendar year.

  • School year means the period beginning July 1 and ending June 30 next following.

  • Peak Season means the weeks containing the 24th through 36th Wednesdays of the calendar year. Each such week shall begin on a Monday and end on the following Sunday, except for the week containing the 36th Wednesday, which shall end on the following Friday.

  • Fiscal Year means the fiscal year of the Company.

  • Transition Period means the period beginning with the Registration Date and ending as of the earlier of: (i) the date of the first annual meeting of stockholders of the Company at which directors are to be elected that occurs after the close of the third calendar year following the calendar year in which the Registration Date occurs; and (ii) the expiration of the “reliance period” under Treasury Regulation Section 1.162-27(f)(2).

  • Peak Period means the time between 6 a.m. and 10 p.m. (April through September) or between 7 a.m. and 11 p.m. (October through March) on all days except Saturdays and Sundays, which daily time period will be subject to change from time to time at the Company's option. This change would occur after no less than ten (10) days notice has been given to all Customers who would be affected, and to the Commission.

  • Current Fiscal Year means the fiscal year for which a particular calculation is made.

  • Interim Period has the meaning specified in Section 6.1.

  • Year means a calendar year.

  • Academy Financial Year means the year from 1st September to 31st August or such other period as the Secretary of State may from time to time specify by notice in writing to the Academy Trust;

  • Annual Plan means the annual plan of the Trust which is prepared in accordance with clause 8.1;

  • Start-up Period means up to 7 Academy Financial Years and covers the period up to and including the first Academy Financial Year in which all age groups are present at the Academy (that is, all the pupil cohorts relevant to the age range of the Academy will have some pupils present).

  • Budget year means the financial year of the municipality for which an annual budget is to be approved in terms of section 16(1) of the MFMA;

  • Operating Period for any Element of the Project shall mean the period from (and including) the COD of such Element of the Project, up to (and including) the Expiry Date and for the Project, shall mean the period from (and including) the COD of the Project, up to (and including) the Expiry Date;

  • Budget month means the calendar month from which nonfinancial and financial information is used to determine eligibility (see section (28) of this rule) and benefit level for the payment month (see section (50) of this rule).

  • Billing Period means (subject to Article 6.1 of the Agreement) the calendar month ending with the Metering Date. The first Billing Period shall commence from the Commercial Operation Date and end with the Metering Date corresponding to the month in which the Commercial Operation Date occurs.

  • Earnout Period has the meaning set forth in Section 2.5(a)(iii).

  • Service Period has the meaning given to it in Framework Schedule 4 (Template Order Form and Template Call Off Terms) as refined by a Contracting Body in a Call Off Agreement between that Contracting Body and the Supplier;

  • Operation Period means the period commencing from COD and ending on the Transfer Date;

  • Three-Year Period means, with respect to a Restatement, the three completed fiscal years immediately preceding the date that the Board, a committee of the Board, or the officer or officers of the Company authorized to take such action if Board action is not required, concludes, or reasonably should have concluded, that the Company is required to prepare such Restatement, or, if earlier, the date on which a court, regulator or other legally authorized body directs the Company to prepare such Restatement. The “Three-Year Period” also includes any transition period (that results from a change in the Company’s fiscal year) within or immediately following the three completed fiscal years identified in the preceding sentence. However, a transition period between the last day of the Company’s previous fiscal year end and the first day of its new fiscal year that comprises a period of nine to 12 months shall be deemed a completed fiscal year.