Franchisee Year definition

Franchisee Year means any period of 12 months during the Franchise Period, beginning on 1 April and ending on 31 March, except that the first and last Franchisee Years may be for a period of less than 12 months and the first Franchisee Year shall begin on the Start Date and the last Franchisee Year shall end on the last day of the Franchise Period;
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Franchisee Year means any period of twelve (12) months during the Franchise Period, beginning on 1 April and ending on 31 March, except that: (a) the first and last Franchisee Years may be for a period of less than twelve (12) months and the first Franchisee Year shall begin on the Start Date and the last Franchisee Year shall end on the last day of the Franchise Period; (b) the last Franchisee Year in the ICWC Period may be for a period of less than twelve (12) months and shall end at 01:59 on the date of the Integrated Operator Start Date (or the last day of the Franchise Period if earlier); (c) the first Franchisee Year in the Integrated Operator Period may be for a period of less than twelve (12) months and shall begin on the Integrated Operator Start Date and shall end on the next 31 March; and (d) for the avoidance of doubt, the last Franchisee Year in the ICWC Period and the first Franchisee Year in the Integrated Operator Period shall constitute two (2) separate Franchisee Years;
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Franchisee Year means any period of twelve (12) months during the Franchise Period, beginning on 1 April and ending on 31 March, except that:
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Examples of Franchisee Year in a sentence

  • For the avoidance of doubt, it is agreed that the Franchise Payments and any sum shown in any Budget for any given Franchisee Year (or other period) shall not be subject to automatic indexation or adjustment to take into account the effect of inflation provided that this paragraph 13 is without prejudice to the adjustment of the Budget in accordance with paragraph 4 and/or the adjustment of the Franchise Payments in accordance with paragraphs 6 and 7 of this Schedule 8.A.

  • To the extent that the funding of such assumed capital expenditure through the Franchise Payments under Schedule 8.1 has been distorted by the implementation of the EMA, including by the implementation of the EMA in a part of the Franchisee Year in which the term of the EMA comes to an end, the Parties shall seek to agree an appropriate compensating amount.

  • As soon as reasonably practicable following the Start Date and in any event within six (6) months of the Start Date, the Franchisee shall produce and provide to the Secretary of State for approval an implementation plan for the duration of the Franchise Period which is capable of achieving each of the Environmental Impact Targets each Franchisee Year (as such implementation plan may be revised in accordance with paragraph 16.3 (the “Environmental Impact Targets Plan”)).

  • The Franchisee shall procure a suitably qualified independent body (such independent body to be appointed only with the prior written approval of the Secretary of State) to undertake an annual independent written audit of the data provided in the Environmental Impact Monitoring Report and the collection methodology of the Initial Dataset in respect of each Franchisee Year (the “Environmental Impact Monitoring Audit”).

  • For the avoidance of doubt, it is agreed that the Franchise Pay ments and any sum shown in any Budget for any given Franchisee Year (or other period) shall not be subject to automatic indexation or adjustment to take into account the effect of inflation provided that this paragraph 13 is without prejudice to the adjustment of the Budget in accordance with paragraph 4 and/or the adjustment of the Franchise Payments in accordance with paragraphs 6 and 7 of this Schedule 8.A.

  • Mobile Connectivity Reporting Requirements 17.1 The Franchisee shall monitor the performance of the Mobile Connectivity Service during the first Franchisee Year for the purposes of providing to the Secretary of State a report on the performance of such Mobile Connectivity Service in relation to the first Franchisee Year.

  • The Franchisee shall promptly inform the Secretary of State of any notification of the Fixed Track Charge Wash–Up (if any) applicable to any Franchisee Year pursuant to the Track Access Agreement, together with details or copies of such further records, information and/or documents as the Secretary of State may reasonably request.

  • Within twenty (20) Weekdays of the start of the first Reporting Period in each Franchisee Year, the Franchisee shall deliver to the Secretary of State the Franchisee’s business plan for the forthcoming Franchisee Year (the “Annual Business Plan”).

  • B-3-2242 Appendix 1: Non-Significant differences between P-RNAV, US RNAV and RNAV 1 43 PART C – IMPLEMENTING RNP 44 CHAPTER 1- IMPLEMENTING RNP 445 1.1. INTRODUCTION .....................................................................................................................

  • These details shall be reported by the Franchisee within three (3) months of the end of the second (2nd) Franchisee Year.


More Definitions of Franchisee Year

Franchisee Year. 35 36 means any period of 12 months during the
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Franchisee Year. 25 means any period of 12 months during the Franchise Period, beginning on 1 April and ending on 31 March, except that (a) the first and last Franchisee Years may be for a period of less than 12 months and the first Franchisee Year shall begin on the Start Date and the last Franchisee Year shall end on the last day of the Franchise Period; and (b) (where the expression is used within and in relation to Schedules 8.1 (Franchise Payments), 8.2 (Annual Franchise Payments) and 9 (Changes) only but excluding where it is used in the definition of Half Franchisee Year) the following periods shall be deemed to be a Franchisee Year: (i) the period commencing on 1 April 2018 and ending on 5 January 2019; (ii) the period commencing on 6 January 2019 and ending on 31 March 2019; and (iii) the period commencing on 1 April 2019 and ending on the last day of the Franchise Period;
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Franchisee Year means any period of 12 months during the Franchise Period beginning on 1 April in any year, except that the first and last such periods may be for a period of less than 12 months and the first such period shall begin on the Franchise Commencement Date and end on 31 March 2006 and the last such period shall end on the last day of the Franchise Period; GAAP means UK GAAP as at the date of this Agreement which denotes the corpus of practices forming the basis for determining what constitutes a true and fair view of accounting standards and, where relevant, the accounting requirements of company law and the listing rules of the Financial Services Authority;
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Franchisee Year means as defined in clause 3.1 of the EMT National Rail Franchise Terms;
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Related to Franchisee Year

  • 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;

  • Restaurant means a business location:

  • Annual Period means each twelve (12) month period commencing on the Effective Date and, thereafter, on each anniversary of the Effective Date.

  • Lease Year means each consecutive twelve-month period beginning with the Commencement Date, except that if the Commencement Date is not the first day of a calendar month, then the first Lease Year shall be the period from the Commencement Date through the final day of the twelve months after the first day of the following month, and each subsequent Lease Year shall be the twelve months following the prior Lease Year.

  • 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.

  • 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.

  • Operating Year means the calendar year commencing January 1st of each year (including the calendar year within which the Commencement Date occurs) during the Term.