Processing Year definition
Examples of Processing Year in a sentence
Each subsequent Processing Year shall mean a twelve (12) month period commencing on the expiration of the preceding Processing Year (“Processing Year”).
This Program Schedule shall automatically extend for additional periods of one Processing Year each (a “Renewal Term”) following the conclusion of the Original Term and each Renewal Term, if any, thereafter, unless terminated prior to such extension as provided in this Section.
Processing Year 1 of the Term shall commence on July 1, 2002 and continue through June 30, 2003.
In Processing Year 3, Customer will submit to FDMS for processing at least [****] ([****]) Authorizations (the "Year 3 Minimum Authorizations").
In Processing Year 4, Customer will submit to FDMS for processing at least [****] ([****]) Authorizations (the "Year 4 Minimum Authorizations").