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.
Operating Year means a calendar year in which occurs any part of the Term of this Lease.
Operating Year means each calendar year in which occurs any part of the Term.
Examples of Operating Year in a sentence
Franchise may request Service Fee adjustments made under this subsection at any time during the course of a Contract Year; provided, however, that Franchisee may not request more than one adjustment due to changes in law per Operating Year.
Commencing on May 1 of the first calendar year after the Housing Improvements receive a certificate of occupancy (the "First Operating Year"), and on May 1 of each year thereafter during the Term, Developer shall make a Loan payment to the County in an amount equal to the County's pro rata share of the Lenders' Share of Residual Receipts (each such payment, an "Annual Payment").
More Definitions of Operating Year
Operating Year means each calendar year, or such other period of twelve (12) months as hereafter may be adopted by Landlord as its fiscal year, occurring either in whole or in part during the Term.
Operating Year. As defined in Section 9.1.
Operating Year means a calendar year in which occurs any part of the term of this Lease.
Operating Year means each successive period, the first such period commencing on the date on which the operations period commences and ending three hundred and sixty-five (365) days later, and each subsequent period commencing on the expiration of the previous period and ending at the end of the duration mentioned above.
Operating Year means a period of twelve (12) consecutive calendar months, commencing on the first day of January in each year, except that the first Operating Year of the Lease Term hereof shall be the period commencing on the Commencement Date and ending on the succeeding December 31, and the last Operating Year of the Lease Term hereof shall be the period commencing on January 1 of the calendar year in which the Lease Term ends, and ending with the date on which the Lease Term ends.
Operating Year means the calendar year within which the Commencement Date occurs and each subsequent calendar year for any part or all of which Escalation Rent shall be payable pursuant to this Article 27.
Operating Year shall have the meaning set forth in Section 27.1 hereof.