Computation Year Sample Clauses

Computation Year. The term “
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Computation Year. 5 Condemnation. . . . . . . . . . . . . . . . . . . . . . . . 17
Sample 1
Computation Year. For example, if actual Taxes and Operating Costs for the Computation Year comprising the 1993 calendar year are $.73 per rentable square foot/per month, then the Expense Cap for that portion of the Initial Term occurring during the 1993 calendar year would be $.72 per rentable square foot/per month and the Expense Cap for the subsequent Computation Years during the balance of the initial Term would be as follows: with respect to Computation Year comprising the 1994 calendar year: $.7632 ($.72 x 1.06); with respect to computation Year comprising the 1995 calendar year: $.8090 ($.7632 x 1.06); and, with respect to each subsequent computation Year comprising the balance of the Initial Term, the Expense cap shall be increased in the same manner by multiplying the Expense Cap in the immediately preceding computation Year by 1.06. The amount payable by Tenant for Tenant's Share of Taxes and Operating Costs during the Option Term shall not be subject to any limitations except as otherwise set forth in the Lease.
Sample 1

Related to Computation Year

  • Limitation Year The Limitation Year is: (Choose (c) or (d)) [ x ] (c) The Plan Year. [ ] (d) The 12 consecutive month period ending every _____.

  • Computation Period Interest on the Loans and all other amounts payable by Borrower hereunder on a per annum basis shall be computed on the basis of a 360-day year and the actual number of days elapsed (including the first day but excluding the last day) unless such calculation would result in a usurious rate, in which case interest shall be calculated on the basis of a 365-day year or 366-day year, as the case may be. In computing the number of days during which interest accrues, the day on which funds are initially advanced shall be included regardless of the time of day such advance is made, and the day on which funds are repaid shall be included unless repayment is credited prior to the close of business on the Business Day received. Each determination by Administrative Agent of an interest rate or fee hereunder shall be conclusive and binding for all purposes, absent manifest error.

  • Computation; 360-Day Year In computing interest, the date of the making of any Credit Extension shall be included and the date of payment shall be excluded; provided, however, that if any Credit Extension is repaid on the same day on which it is made, such day shall be included in computing interest on such Credit Extension. Interest shall be computed on the basis of a 360-day year for the actual number of days elapsed.

  • Plan Year The year for the purposes of the plan shall be from September 1 of one year, to August 31, of the following year, or such other years as the parties may agree to.

  • Tax Year The Partnership’s tax year will end on , 20 .

  • Daily Computation The Investment Manager shall determine on each business day whether the aggregate Term to date Fund Operating Expenses for any class of a Fund exceed the Operating Expense Limit, as such Operating Expense Limit has been pro-rated to the date of such determination (the “Pro-Rated Expense Cap”). If, on any business day, the aggregate Term to date Fund Operating Expenses for any class of a Fund do not equal the Pro-Rated Expense Cap for that class, the amount of such difference shall be netted against the previous day’s accrued amount for Excess Amounts or Recoupment Amounts (as defined below), and the difference shall be accrued for that day as an Excess Amount or Recoupment Amount as applicable.

  • Tax Computation For purposes of determining whether any of the Total Payments will be subject to the Excise Tax and the amounts of such Excise Tax:

  • Computation In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.

  • Taxable Year The taxable year of the Partnership shall be the calendar year.

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