Third Contract Year definition

Third Contract Year means the twelve (12) month period commencing on the second anniversary of the Effective Date (each, a “Contract Year”).
Sample 1Sample 2
Third Contract Year. The sum of $260,000.00 (the "Minimum Guaranteed Advertising Royalty"), or an amount equal to 2% of the Net Sales of the Licensed Items achieved during such Contract Year (the "Earned Advertising Royalty"), whichever is greater.
Sample 1
Third Contract Year. Fifteen Thousand Dollars ($15,000.00);
Sample 1

Examples of Third Contract Year in a sentence

  • The JSC shall review and approve the Annual Collaboration Plan (i) for the First Contract Year within forty-five (45) days after the Effective Date, (ii) for the Second Contract Year at least thirty (30) days prior to the commencement of such Contract Year, and (iii) for the Third Contract Year and subsequent Contract Years at least sixty (60) days prior to the commencement of such Contract Year.

  • The JPT shall prepare the Annual Collaboration Plan (a) for the First Contract Year within thirty (30) days after the Effective Date, (b) for the Second Contract Year at least sixty (60) days prior to the commencement of such Contract Year, and (c) for the Third Contract Year and subsequent Contract Years at least ninety (90) days prior to the commencement of such Contract Year.

  • Notwithstanding the foregoing, in no event shall the annual total of the Quarterly Payments for any Contract Year give rise to any credit for any future Contract Year or any refund or right or set-off, so that only if Novartis sends more Samples in the First and Second Contract Year together or the Third Contract Year than the applicable Contract Year Minimum could there be the possibility of any credit based on this Section 3.A(f).

  • The parties anticipate that the combined total personnel the parties will commit to the Research Program will start at an average of [**] FTEs for the First Contract Year and will escalate to an average of [**] FTEs for the Second Contract Year, [**] FTEs in the Third Contract Year and [**] FTEs for the Fourth Contract Year (i.e., these are the expected number of FTEs to be included in the Research Program Costs).

  • Further, if during the First and Second Contract Year together or the Third Contract Year the number of Samples provided by Novartis exceed the applicable Contract Year Minimum, then Institution shall bill Novartis for FIRST AMENDMENT any excess Samples when the Services are performed on such Sample.

  • In addition, any “freight prepaid” prices shall include any freight and terminal costs then in effect and shall be subject to freight and terminal increases as they occur.* - Third Contract Year: Material prices to be agreed in writing by the parties; provided that, excluding any freight and terminal costs, the material price increase or price decrease for each product over that in effect during the immediately preceding Contract Year shall be no more than [***] in either case.

  • The Clearview Group may exercise the Option by delivering to the GG Group a written notice (the "Option Notice") either (a) within the thirty-day period immediately following the end of each of the Second Contract Year, the Third Contract Year, the Fourth Contract Year, or the Fifth Contract Year or (b) within any Exercise Period (as defined in Section 9.2(b)).

  • Once the Customer has achieved the AVC in the Third Contract Year, regardless of whether the agreement term has not yet expired.

  • The term "First Contract Year" shall refer to the period commencing on March 1, 2003, and ending on February 29, 2004; "Second Contract Year" shall refer to the period commencing on March 1, 2004, and ending on February 28, 2005; "Third Contract Year" shall refer to the period commencing on March 1, 2005, and ending on February 28, 2006.

  • No later than sixty (60) days prior to the annual date of the Contract Year in the Initial/ Renewal Term, beginning with the Third Contract Year, ANI shall notify ALAVEN in writing of the new Standard Costs for the next Contract Year identifying the basis for any increases with reasonable specificity.


More Definitions of Third Contract Year

Third Contract Year means the twelve-calendar-month period immediately following the Second Contract Year.
Sample 1
Third Contract Year means the twelve (12) month period commencing June 1, 2005 and ending May 31, 2005; etc.
Sample 1
Third Contract Year provided that the parties agree and acknowledge that at such time that Net Sales of Liz Merchandise bearing the ELISABETH trademark reach * for any consecutive 12 month period, the parties shall in good faith amend this paragraph (g) to provide for separate minimum Net Sales levels for each Contract Year for Liz Merchandise bearing the ELISABETH trademark.
Sample 1
Third Contract Year means the period from January 15, 2005 Agreement to but not including January 15, 2006.
Sample 1
Third Contract Year means the one-year period immediately following the Second Contract Year; the "Fourth Contract Year" means the one-year period immediately following the Third Contract Year; and the "Fifth Contract Period" means the period from June 1, 2003 until December 31, 2003. Each subsequent January 1st occurring during the period in which Employee is employed by the Company shall be deemed to commence a new contract year."
Sample 1
Third Contract Year. The sum of $650,000.00 (the "Minimum Guaranteed Royalty"), or an amount equal to 5% of the Net Sales of Licensed Items achieved during the Third Contract Year (the "Earned Royalty"), whichever is greater.
Sample 1

Related to Third Contract 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.

  • Project Year means the twelve-month period beginning from the Effective Date and ending twelve months thereafter (the First Project Year), and any twelve-month period beginning at the end of the First Project Year, or the end of subsequent Project Years;

  • Contract Quarter means a three-month period that commences on January 1, April 1, July 1, or October 1 and ends on March 31, June 30, September 30, or December 31, respectively.

  • Sales Year means the calendar year during which the Company sold Cigarettes in a Beneficiary State requiring the deposit of QEF Principal.

  • Open Year has the meaning specified in Section 4.01(r)(iii).

  • Daily Contract Quantity or “DCQ” means the quantity of Gas as set out in Clause 4.1 herein.

  • Contract Month means the expiry month January, February, March, April, May, June, July, August, September, October, November, .

  • Term Year means a 12-month period beginning on the first day of the Term and each successive 12-month period thereafter.

  • Year 2 means the year after year 1; year 3 means the year after year 2, year 4 means the year after year 3, and so on; and

  • Gas Year means the period of 365 or 366 Gas Days, as the case may be, beginning at October 1st at 06:00 hours (Belgian time) and ending at September 30th 06:00 hours (Belgian time) of the next year.

  • Service credit year means an accumulation of months of

  • Royalty Year means, (i) for the year in which the First Commercial Sale occurs (the “First Royalty Year”), the period commencing with the first day of the Calendar Quarter in which the First Commercial Sale occurs and expiring on the last day of the Calendar Year in which the First Commercial Sale occurs and (ii) for each subsequent year, each successive Calendar Year.

  • First Year means the intake group of Students for the most junior class or year in a school.

  • Loan Year means each period of twelve (12) consecutive months commencing on the Closing Date and on each anniversary thereof.

  • Year 1 means the year next following the export date and “year” followed immediately by any other numeral has a corresponding meaning; reference in this Agreement to an Act shall include the amendments to such Act for the time being in force and also any Act passed in substitution therefor or in lieu thereof and the regulations for the time being in force thereunder; power given under any clause of this Agreement other than clause 17 hereof to extend any period or date shall be without prejudice to the power of the Minister under the said clause 17; marginal notes shall not affect the interpretation or construction hereof; the phases in which it is contemplated that this Agreement will operate are as follows —

  • Month means calendar month.

  • Half Year means the period from 1st January to 30th June in any year and the period from 1st July to 31st December in any year;

  • Proration Month means the month for which capacity is to be allocated under Item 7.

  • Year 3 means the period from the start of the Day commencing on 1 May [20 ] until the start of the Day commencing on 1 May the following calendar year.

  • Calendar Year means each successive period of twelve (12) calendar months commencing on January 1 and ending on December 31, except that the first Calendar Year of the Term shall commence on the Effective Date and end on December 31 of the year in which the Effective Date occurs and the last Calendar Year of the Term shall commence on January 1 of the year in which the Term ends and end on the last day of the Term.

  • PJM Region Peak Load Forecast means the peak load forecast used by the Office of the Interconnection in determining the PJM Region Reliability Requirement, and shall be determined on both a preliminary and final basis as set forth in Tariff, Attachment DD, section 5.

  • Gross Profit means the sum produced by adding to the “net profit” the amount of the Insured “standing charges”, or if there be no “net profit”, the amount of the Insured “standing charges” less such a proportion of any net trading loss as the amount of the Insured “standing charges” bears to all the “standing charges” of the business.

  • Gross Sales Price with respect to each sale of Shares sold pursuant to this Agreement shall be the gross sales price per share of such Shares.

  • 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;

  • Calendar Quarter means the respective periods of three (3) consecutive calendar months ending on March 31, June 30, September 30 and December 31.

  • Baseline Period means the period used to determine the baseline emission rate for each regulated pollutant under OAR 340 division 222.

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