First Project Year definition

First Project Year means the twelve-month period beginning from the Effective Date and ending twelve months thereafter and "Project Year" means any twelve-month period beginning at the end of the First Project Year or the end of subsequent Project Years;
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First Project Year means the twelve-month period beginning from the Effective Date and ending twelve months thereafter, and "Project Year" or "PY" means any twelve-month period beginning at the end of the First Project Year or the end of any subsequent Project Years;
Sample 1Sample 2Sample 3

Examples of First Project Year in a sentence

  • The Chairman explained that it would be difficult to justify different weightings for each question and suggested not to change the current approach for the First Project Year.

  • The Chairman concluded that Members were in agreement on maintaining the three funding themes for the First Project Year.

  • Table 2.3.8 Measurement instruments for maintenance Activity in First Project Year (March 2011 to March 2012) (1) Site Visit To know the status of operation and maintenance of existing distribution facilities, site visits to Renema, Gikondo, Kanombe, Nyamirambo antenna station and Huye, Gicumbi, Muhanga,Rwamagana branch office, were conducted.

  • The First Financial Year was approved and will cover the period ending 30 June 2018 in order to align with the end of the First Project Year.

  • Some members suggested that it would be hard to decide a focus given the short amount of time and the absence of any urgent need for a key theme for the First Project Year.

  • This revision is continued even after termination of our Project.Activity in First Project Year (March 2011 to Nov.

  • The recovery rate of input credit is at least 99 percent by the end of the First Project Year.

  • Returns to cotton farm labor have increased by 10 and 20 percent, respectively, by the end of the second and fourth Project Years“Project Year” means the twelve-month period beginning from the Effective Date and ending twelve months thereafter (the First Project Year) and any twelve-month period beginning at the end of the First Project Year, or at the end of any subsequent Project Year.

  • The affiliated entities which may act as Sub-Investment Managers are those eligible to act as Investment Managers and are listed at the beginning of this Prospectus.

  • First Project Year 80 Second Project Year 100 Third Project Year 110 Fourth Project Year 120 Fifth Project Year 130 The Escrow Funds shall be eligible to be released to Company in five equal installments of $100,000 (each, a “Disbursement Amount”) during each of the first five successive Project Years.

Related to First Project Year

  • Project Year means the 12 month period beginning from the Effective Date and ending 12 months thereafter and each successive 12 month period following thereafter;

  • 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.

  • project completion period means the period of sixty (60) months commencing from and expiring on for the construction and obtaining of Temporary Occupation Permit or Permits for the whole of the Development as provided in clause 3.3;

  • Contract Quarter means a three-month period that commences on January 1, April 1, July 1, or October 1 and ends on March 31, June 30, September 30, or December 31, respectively.

  • Development Project means a project for the development of land within a

  • Qualified Project Costs means costs paid with respect to the Project that meet each of the following requirements: (i) the costs are properly chargeable to capital account (or would be a so chargeable with a proper election by the Borrower or but for a proper election by the Borrower to deduct such costs) in accordance with general Federal income tax principles and in accordance with United States Treasury Regulations §1.103-8(a)(1), provided, however, that only such portion of the interest accrued during construction of the Project shall be eligible to be a Qualified Project Cost as bears the same ratio to all such interest as the Qualified Project Costs bear to all costs of the construction of the Project; and provided further that interest accruing after the date of completion of the Project shall not be a Qualified Project Cost; and provided still further that if any portion of the Project is being constructed by an Affiliate (whether as general contractor or a subcontractor), Qualified Project Costs shall include only (A) the actual out-of- pocket costs incurred by such affiliate in constructing the Project (or any portion thereof), (B) any reasonable fees for supervisory services actually rendered by such affiliate, and (C) any overhead expenses incurred by such affiliate which are directly attributable to the work performed on the Project, and shall not include, for example, intercompany profits resulting from members of an affiliated group (within the meaning of Section 1504 of the Code) participating in the construction of the Project or payments received by such affiliate due to early completion of the Project (or any portion there); (ii) the costs are paid with respect to a qualified residential rental project or projects within the meaning of Section 142(d) of the Code, (iii) the costs are paid after the earlier of 60 days prior to the date of a declaration of “official intent” to reimburse costs paid with respect to the Project (within the meaning of §1.150-2 of the United States Treasury Regulations) or the date of issue of the Bonds, and (iv) if the costs of the construction of the Project were previously paid and are to be reimbursed with proceeds of the Bonds such costs were (A) costs of issuance of the Bonds, (B) preliminary capital expenditures (within the meaning of United States Treasury Regulations §1.150-2 (F) (2)) with respect to the Project (such architectural, engineering and soil testing services) incurred before commencement of construction of the Project that do not exceed twenty percent (20%) of the issue price of the Bonds (as defined in United States Treasury Regulations §1.148-1), or (C) were capital expenditures with respect to the Project that are reimbursed no later than eighteen (18) months after the later of the date the expenditure was paid or the date the Project is placed in service (but no later than three (3) years after the expenditures is paid).

  • Project Milestone means the project milestone set forth in Schedule-J;

  • Qualified Project Period means Qualified Project Period as defined in Section 142(d) of the Internal Revenue Code.

  • Project Costs means all allowable costs, as set forth in the applicable Federal cost principles, incurred by a recipient and the value of the contribu- tions made by third parties in accom- plishing the objectives of the award during the project period.

  • Project Completion Date means the date on which the Completion Certificate is issued;

  • Project Revenue means all net rents, proceeds, revenue and other income derived by the City by virtue of any lease, sale, conveyance or other disposition of any part of the Project, plus all sums received by the City as a result of damage to or destruction or condemnation of the Project, but shall not mean any part of the Tax Revenue.

  • Completion Period means the period starting from the date of issue of "Order" and required to complete the work in all respect.

  • Scheduled Project Completion Date shall have the meaning specified in Section 6.3 (c);

  • Revenue Operations Date (ROD) means the date of operation of Metro

  • New Project means (a) each facility or operating location which is either a new facility, location or office or an expansion, relocation, remodeling or substantial modernization of an existing facility, location or office owned by the Borrower or its Subsidiaries which in fact commences operations and (b) each creation (in one or a series of related transactions) of a business unit to the extent such business unit commences operations or each expansion (in one or a series of related transactions) of business into a new market.

  • Project Revenues means revenues derived from the service of Project Water to Contractors and others, and from the sale or other disposal of electrical energy generated in connection with operation of Project Facilities.

  • Capital Improvement Project means the acquisition, construction, reconstruction, improvement, planning and equipping of roads and bridges, appurtenances to roads and bridges to enhance the safety of animal-drawn vehicles, pedestrians, and bicycles, wastewater treatment facilities, water supply systems, solid waste disposal facilities, and storm water and sanitary collection, storage and treatment facilities including real property, interests in real property, facilities, and equipment related or incidental to those facilities.

  • Phase 1 means the first implementation phase of this section, beginning June 1, 2018 and ending May 31, 2022.

  • Project Commencement Date means the commencement date notified to the Minister pursuant to clause 4(1);

  • medium term expenditure framework ’ means a budgeting framework applied by the National Treasury which—

  • 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.

  • Original Project Cost means the capital expenditure incurred by the Generating Company or the Transmission Licensee, as the case may be, within the original scope of the project up to the cut-off date as admitted by the Commission;

  • Project Milestones means the project milestones set forth in Schedule-G;

  • Project Cost means the costs incurred in connection with the

  • Redevelopment project means a specific construction project