Partial Fiscal Year Sample Clauses

The Partial Fiscal Year clause defines how financial matters are handled when a fiscal year is not a full twelve months, typically due to the start or end of a contract occurring mid-year. This clause specifies how revenues, expenses, or other financial obligations are to be calculated and allocated for the shortened period, often by prorating annual amounts based on the actual number of days or months involved. Its core function is to ensure fairness and clarity in financial reporting and obligations when a contract does not align perfectly with the standard fiscal year.
Partial Fiscal Year. If the Term commences after the beginning of or terminates before the end of a Fiscal Year, any amount payable by Tenant or Landlord under Section 2.02 shall be adjusted proportionately.
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Partial Fiscal Year. If the Term commences after the beginning of a Fiscal Year or terminates before the end of it, any amount payable by Tenant to Landlord under Article 4.07 shall be adjusted proportionately and accordingly.
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Partial Fiscal Year. If the Term of the Lease commences after the beginning of or terminates before the end of a Fiscal Year, any amount payable by Tenant under Section 2.02 shall be adjusted accordingly based upon a three hundred sixty (360) day year.
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Related to Partial Fiscal Year

  • Fiscal Year The fiscal year of the Partnership shall be the calendar year.

  • End of Fiscal Years; Fiscal Quarters The Borrower will cause (i) its and each of its Domestic Subsidiaries’ fiscal years to end on December 31 of each calendar year and (ii) its and each of its Domestic Subsidiaries’ fiscal quarters to end on March 31, June 30, September 30 and December 31 of each calendar year.

  • End of Fiscal Years The Parent and the Borrower will maintain their fiscal year ends as in effect on the Effective Date.

  • Change in Fiscal Year Such Obligor will not, and will not permit any of its Subsidiaries to, change the last day of its fiscal year from that in effect on the date hereof, except to change the fiscal year of a Subsidiary acquired in connection with an Acquisition to conform its fiscal year to that of Borrower.

  • Fiscal Year End Change, or permit any Subsidiary of any Borrower to change, its fiscal year end.