Operating Year definition

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. As defined in Section 9.1.

Examples of Operating Year in a sentence

  • Manager may permit the NHL Team to use the Arena for up to five (5) event days per Operating Year (plus set-up time as reasonable required) at no rental charge, provided that all out-of-pocket costs, including any amounts due under a Food and Beverage Concessions Contract (or otherwise for the provision of Food and Beverage Services by Manager) for such use and parking fees, shall be the sole responsibility of the NHL Team.

  • Not later than August 31 of each year, Manager shall prepare and provide to Owner for its review and approval a proposed business plan, rate schedule, necessary Reserves, operating budget and five-year capital improvement plan for the Arena during the Operating Year which commenced on the prior July 1 and will end on the following June 30, containing projections of estimated income and expenses and estimated Arena profit on a monthly and yearly basis (the “Annual Budget”).

  • However, if Owner and Manager determine that, in any Operating Year, earthquake and/or flood insurance is not available on a commercially reasonable basis, then Owner (subject to any other insurance requirements under the 2023 Facility Financing Documents) may forgo the purchase of earthquake and/or flood insurance in such Operating Year until such insurance can be obtained on a commercially reasonable basis.

  • As soon as available and in any event within ninety (90) days after the end of each Operating Year, Manager shall provide Owner an opinion of a nationally known independent certified public accountant selected by Manager and accepted by Owner as to such Financial Statements.

  • With respect to any or all of the payments due under this Section 2.4, payment of the same shall be deferred until the Accounting Date following the final Operating Year of the Term (meaning the Accounting Date following such termination) under this Agreement.


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 during the Lease Term.
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 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 each successive period, the first such period commencing on the date on which processing of MSW at processing site commence and end after three hundred and sixty five (365) days from the date of start for processing.
Operating Year shall have the meaning set forth in Section 27.1 hereof.
Operating Year means each calendar year that includes any part of the Term.
Operating Year means each calendar year during the Term, except the initial Operating Year shall be a partial year beginning on the Commencement Date and ending on the following December 31, and if this Agreement is terminated effective on a date other than the last day of an Operating Year in any year, then the last Operating Year shall also be a partial year ending on the effective date of expiration or termination.