The following information is gathered (Appendix 5): Vessel Identification: Vessel Name (Latin), Vessel Name (Actual; e.g. Chinese Name), Alias Name (all names under which a given vessel has been recorded, including miss-spelled names), Previous Ship Name, Country of Registration (Flag), National Registration Number, Radio Call Sign, Year Built, Ship Yard Built, Country Built, Homeport, Gear/s used, Hull Material, Vessel Picture/s.
Comparison Year is defined as each calendar year during the term of this Lease subsequent to the Base Year; provided, however, Lessee shall have no obligation to pay a share of the Operating Expense Increase applicable to the first twelve (12) months of the Lease Term (other than such as are mandated by a governmental authority, as to which government mandated expenses Lessee shall pay Lessee's Share, notwithstanding they occur during the first twelve (12) months). Lessee's Share of the Operating Expense Increase for the first and last Comparison Years of the Lease Term shall be prorated according to that portion of such Comparison Year as to which Lessee is responsible for a share of such increase.
Open Year has the meaning specified in Section 4.01(r)(iii).
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.
Production Year means the 12- month period between September 1 of one year and August 31 of the following year, inclusive.
Election Year means a year in which ordinary elections for local governments are required to be held;
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.
Base Year means the period set forth in Section 5 of the Summary.
transition year means the financial year of an issuer or business in which the issuer or business changes its financial year-end;
Relevant Year t means the Financial Year for the purposes of which any calculation falls to be made; "Relevant Year t-1" means the Financial Year preceding Relevant Year t, and similar expressions shall be construed accordingly;
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;
Annual Base Rent means the business’s annual lease payment minus taxes, insurance and operating or maintenance expenses.
Limitation Year means the Plan Year.
Annual Fixed Rent See Exhibit A, and Section 3.1.
Termination Year means the calendar year in which the Employment Period is terminated.
Calendar Year means each successive period of twelve (12) months commencing on January 1 and ending on December 31.
relevant year means a year commencing at 00:00 hours on 1 April and ending at 23:59 hours on the following 31 March;
Quarterly Commencement Date means the 1st day of each of April, July, October and January in each year.
Vacation Year means the twelve (12) month period commencing on the first (1st) day of April in each calendar year and concluding on the thirty-first (31st) day of March of the following calendar year.
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.
Base Tax Year means the property tax levy year used
Monthly Base Rent The monthly rent specified in Section 1.01(8).
Average Monthly Compensation means the quotient determined by dividing the sum of the Employee’s then current Base Salary (as defined in Section 4.1 hereof) and the greater of the most recently paid Incentive Compensation (as defined in Section 4.2 hereof) or the average of Incentive Compensation paid over the three most recent years by twelve.
Percentage Rent As defined in Subsection 3.1(b).
Service Year means fiscal year, except that:
Loan Year means each period of twelve (12) consecutive months commencing on the Closing Date and on each anniversary thereof.