Contract Years Clause Samples
The 'Contract Years' clause defines the specific annual periods during which the terms of the contract are in effect. Typically, it outlines how each contract year is measured, such as starting from the effective date and renewing on each anniversary, or aligning with a calendar or fiscal year. This clause is essential for determining the timing of obligations, payments, or performance milestones, ensuring both parties have a clear understanding of when contractual duties begin and end, and preventing disputes over timing.
Contract Years. The Contractor shall have right to renewal of the Exploration Authorization two times, for a period of Three (3) Contract Years each time, if he has fulfilled for the preceding exploration phase the work obligations stipulated in Article 4 here below and provided that he furnishes the bank guarantee for the renewal period pursuant to Article 4.6 here below.
Contract Years. ⬜ Delivery shall be for a period of fifteen (15)
Contract Years. ⬜ Non-standard Delivery shall be for a period of Contract Years.
Contract Years. The Rent for each Contract Year shall be payable by the Company in two equal semiannual installments, one on the 1st Day of the relevant Contract Year and the other on the 1st Day of the seventh (7th) month of each Contract Year; provided always that the first payment of Rent shall be made by the Company only seven (7) Days after the Possession Date.
Contract Years. Upon the conclusion of such twelve (12) Contract Years, this Agreement shall automatically renew for two (2) successive five (5) year terms each unless notice of termination is given by either Party at least one (1) year prior to the end of the Term.
Contract Years. Tabular values after the 20th contract year will be the net level premium reserves, taking into account the increase in scheduled premium amount on the Contract Change Date. To compute them, we will use the mortality tables and interest rate we describe above. There will be the same exclusions.
Contract Years. Tabular values not shown on page 4 will be computed using the standard nonforfeiture method and the mortality table and interest rate we describe above. We show the nonforfeiture factors in the contract data pages.
Contract Years. In any [***] of any Contract Year in which this Agreement is in effect and PANTRY's [***] purchases of (i) [***] directly from MPC at the Designated Terminals and (ii) [***] in the [***] in accordance with [***]), each [***] of [***] purchased directly from MPC at the Designated Terminals and delivered to the Retail Outlets, for resale at retail, [***] that particular [***] shall be eligible for the calculation of [***] pursuant to this Section 4: _________________ [***] Confidential treatment requested pursuant to a request for confidential treatment filed with the Securities and Exchange Commission. Omitted portions have been filed separately with the Commission. [***] combined total volume [***] maximum total volume [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] PANTRY's purchases of [***] will be invoiced in accordance with the [***]. Subject to Section 4(a)(5) of this Agreement, the [***] amount to be paid with respect to a [***] of [***] so purchased and delivered in a [***] will be calculated in accordance with the [***] set forth in Section 4(a)(3) and 4(c) of this Agreement.”
Contract Years. At the end of the Initial Term and any Renewal Term, GRTC and Contractor may mutually agree upon modifications to Attachment C of this Agreement to be effective in the subsequent Renewal Term.
Contract Years. An adjustment in payment shall be made upon demonstration of any underpayment or overpayment. With respect to Rubicon's audit rights, Rubicon may only have an independent certified public accountant, selected by Rubicon and acceptable to ▇▇▇▇▇▇, audit on a confidential basis ▇▇▇▇▇▇'▇ fmanGial records pertaining to Products to verify the royalties payable pursuant to this Agreement.