Year of the Contract definition

Year of the Contract means a period of twelve calendar months commencing on the Commencement Date or on any anniversary thereof.
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Examples of Year of the Contract in a sentence

  • In consideration of the rights and privileges to be granted to the Contractor by the Airports Authority, the Contractor shall pay to the Airports Authority as compensation therefor, during each Contract Year of the Contract, either a Minimum Annual Guarantee (MAG) or a Percentage Fee of Gross Receipts (Percentage Fee), whichever is the greater, on a Contract Year basis (Annual Fee).

  • In consideration of the rights and privileges to be granted to the Contractor by the Airports Authority, the Contractor shall pay to the Airports Authority as compensation therefor, during each Contract Year of the Contract, the following rentals and fees.

  • The Contractor shall prepare and submit to the Authority for its review and approval an Operating Budget for each Contract Year of the Contract Term.

  • Planning and Implementation of Activities within the Consortium Work and Budget Schedule for the 1st Year of the Contract Within 30 (thirty) days after the date of establishment of the Operational Committee, the Operator shall deliver to the members of the Committee, the proposed Work and Budget Schedule detailing the Operations to be performed for the remainder of the current calendar year and, if necessary, for the following year.

  • In consideration of the rights and privileges to be granted to the Contractor by the Authority, the Contractor shall pay to the Authority the following rentals and fees during each Contract Year of the Contract.

  • In consideration of the services performed by Bridge Steps under the terms of this Contract, City’s contribution to HAC operational costs in the First Year of the Contract, from December 12, 2007 to September 30, 2008, shall not exceed $2,233,214, which amount shall not exceed 70% of the total approved budget for HAC operations for that year.

  • A lumpsum increase ofRs.50,000 plus Service Tax/GST and Rs.60,000/- plus Service Tax/GST for Second and Third Year of the Contract respectively is accepted, if the contract is further extended by PCA keeping in view the performance of the Company.

  • Completed templates for the Supplier and each Sub-Contractor will be submitted by the Supplier with the Diversity and Equality Delivery Plan within six (6) Months of the Commencement Date and once during each Year of the Contract Period thereafter.

  • If Buyer provides Notice to Seller that it is contemplating exercising its rights under this Exhibit G, the Parties shall mutually agree upon an independent appraiser on or before the date that is sixty (60) days prior to the last day of (i) the tenth (10th) Contract Year of the Contract Term, (ii) the fifteenth (15th) Contract Year of the Contract Term, or (iii) the twentieth (20th) Contract Year of the Contract Term, if applicable.

  • No later than ninety (90) days prior to the last day of each of (i) the tenth (10th) Contract Year of the Contract Term, (ii) the fifteenth (15th) Contract Year of the Contract Term and (iii) the twentieth (20th) Contract Year of the Contract Term, Buyer may deliver Notice to Seller indicating whether it elects to purchase the Facility.

Related to Year of the Contract

  • Year of the Term as used herein shall mean each twelve-month period commencing on (START DATE).

  • Commencement Date of the Contract means the date of signing of the Contract between the Purchaser and the Contractor.

  • Multiyear contract means a contract that extends beyond a one-year period, including a contract that permits renewal of the contract, without competition, beyond the first year of the contract.

  • year of assessment means the period of 12 months commencing on 1st January 1948, and each subsequent period of 12 months.

  • Restructuring Period means, whether or not there are Rated Securities at the time a Restructuring Event occurs, the period of 45 days starting from and including the day on which that Restructuring Event occurs.

  • Resolution Extension Period As defined in Section 2.03(b).

  • Financing Period means the number of calendar days from, but excluding, the immediately preceding Reset Date to, and including, the current Reset Date.

  • Major Contract means (i) any management agreement relating to the Properties or the Loan Parties, (ii) any agreement between any Loan Party and any Affiliate of any Relevant Party and (iii) any brokerage, leasing, cleaning, maintenance, service or other contract or agreement of any kind (other than Leases) relating to the Properties, in each case involving payment or expense of more than One Million and No/100 Dollars ($1,000,000) during any twelve (12) month period, unless cancelable on thirty (30) days or less notice without requiring payment of termination fees or payments of any kind.

  • Operating Period for any Element of the Project shall mean the period from (and including) the COD of such Element of the Project, up to (and including) the Expiry Date and for the Project, shall mean the period from (and including) the COD of the Project, up to (and including) the Expiry Date;

  • Privatization contract or “contract” means an agreement or

  • Year of Eligibility Service means where an Employer designates a one or two 12-consecutive-month eligibility waiting period, an Employee must complete at least 1,000 Hours of Employment during each 12-consecutive-month period (measured from his date of Employment and then as of the first day of each Plan Year commencing after such date of Employment); provided, however, if an Employee is credited with 1,000 Hours of Employment in both the initial eligibility computation period and the first Plan Year which commences prior to the first anniversary of the Employee's employment commencement date, the Employee will be credited, for eligibility purposes, with two Years of Eligibility Service. Where an Employer designates an eligibility waiting period of less than 12 months, an Employee must, for purposes of eligibility, complete a required number of hours (measured from his date of Employment and each anniversary thereafter) which is arrived at by multiplying the number of months in the eligibility waiting period requirement by 83 1/3; provided, however, if an Employee completes at least 1,000 Hours of Employment within the 12 month period commencing on his Employment commencement date or during any Plan Year commencing after such Employment commencement date, such Employee will be treated as satisfying the eligibility service requirements.

  • Charter contract or "contract" means a fixed-term, renewable contract between a

  • Extension Period has the meaning set forth in Section 2.11.

  • Consent Period has the meaning set forth in Section 3.05(d)(ii).

  • Public contract means an agreement between a public body and a nongovernmental source that is

  • Concession Period means the period starting on and from the Appointed Date and ending on the Transfer Date;

  • Key Sub-Contract means each Sub-Contract with a Key Sub-Contractor;

  • sub-contract means the primary contractor’s assigning, leasing, making out work to, or employing, another person to support such primary contractor in the execution of part of a project in terms of the contract;

  • Year 3 means the tax year preceding the current tax year.

  • Sub-contracting means the primary contractor’s assigning or leasing or making out work to, or employing another person to support such primary contractor in the execution of part of a project in terms of the contract.

  • Remaining Amortization Period means, at any point in time, the number of consecutive calendar months equal to the number of months in the Amortization Period minus the number of scheduled monthly installments of principal and interest that have elapsed since the date of this Note.

  • Master Contract means the CATS Master Contract between the Maryland Department of Budget and Management andTO Contractor dated December 19, 2005.

  • Year of Vesting Service means a vesting computation period during which you complete 1,000 hours of service during the Plan Year.

  • Commissioning Period means, with respect to each Subproject, the period commencing upon the first delivery of Feed Gas to the Subproject in accordance with Sections 4.8 and 11.1 of the Agreement continuing through achievement of RFSU, commissioning, Start Up, Performance Testing and achievement of Substantial Completion for such Subproject.

  • framework contract means a payment service contract which governs the future execution of individual and successive payment transactions and which may contain the obligation and conditions for setting up a payment account;