Year definition
Examples of Year in a sentence
The Borrower will, upon the request of the Administrative Agent or the Required Lenders, participate in a meeting of the Administrative Agent and the Lenders once during each Fiscal Year to be held at the Borrower’s corporate offices (or at such other physical location, or in lieu thereof being held “virtually” by telephone or video conference, in each case, as may be agreed to by the Borrower and the Administrative Agent) at such time as may be agreed to by the Borrower and the Administrative Agent.
Lessee shall pay to Lessor during the Term, in addition to the Base Rent, ▇▇▇▇▇▇’s Share (defined below) of all Operating Expenses as defined in Section 4.3 of this Lease (“Operating Expenses”) in excess of Operating Expenses for the Base Year.
Subject to Section 10.1(b), payment of any such Real Property Taxes and related increases (to the extent Lessee is responsible for such increases under this Lease) over the Tax Base Year shall be made by Lessee within thirty (30) days after receipt of Lessor’s written statement setting forth the amount due.
Lessee’s Share of the increases in the Operating Expenses as compared to the Base Year shall be a percentage based on Lessee’s gross rentable square feet divided by the total gross rentable square footage of the area serviced or potentially serviced by the Operating Expense(s).
In addition, on a Fiscal Year basis, the JSC will review, discuss, and determine whether to approve changes to the Profit Share Territory Medical Affairs Budget to reflect the then-current Profit Share Territory Medical Affairs Plan.