Partial Years Sample Clauses
The "Partial Years" clause defines how obligations, payments, or calculations are handled when a contract period does not cover a full calendar or fiscal year. Typically, this clause specifies that any amounts due, such as fees or revenue shares, are to be prorated based on the actual number of days or months in the partial year. For example, if a contract starts or ends mid-year, the relevant financial or performance metrics are adjusted proportionally. This ensures fairness and accuracy in accounting, preventing disputes over how to handle periods that do not align with a full year.
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Partial Years. If the Lease Term covers a period of less than a full ------------- calendar year during the first or last Lease Years, Tenant's Pro Rata Share of the increase in Operating Expenses for the partial year shall be calculated by proportionately reducing Operating Expenses to reflect the number of months in that year.
Partial Years. Real Property Taxes for partial tax fiscal ------------- years, if any, falling within the Term, shall be prorated. Tenant's obligations for Real Property Taxes for the last full or partial year of the Term shall survive the expiration or earlier termination of this Lease.
Partial Years. Notwithstanding anything contained herein to the contrary, no Bonus under this Section 4 shall be deemed earned or payable with respect to any fiscal year during which this Agreement or the Executive's employment is terminated by the Corporation for Cause (as such term is hereinafter defined).
Partial Years. If the Rent Commencement Date or the Expiration Date occurs in the middle of a fiscal year, Tenant shall be liable for only that portion of the Operating Costs with respect to such fiscal year within the Term.
Partial Years. If Sub is a member of the ADL Affiliated Group ------------- for less than an entire Consolidated Return Year, or if all of the Sub Subsidiaries that are included in a Combined Return for any period are includible for less than the entire period, the calculation of the Reorganization Tax Benefit, Federal Utilized Tax Benefit and/or Combined Utilized Tax Benefit (as appropriate) shall be similar to and consistent with the procedures set out in Section 4.2.
Partial Years. If the Term covers only a portion of the current year, the Student’s Annual Payment Obligation shall be adjusted in proportion to the fraction of such year covered by the Term. For example, if Student’s term began on August 1 of a given year, Student’s Annual Personal Income would be multiplied by 5/12. The Annual Payment Obligation would be calculated using this amount, not the annual income shown in the Formal Income Documentation.
Partial Years. Fees for partial fiscal years and months hereunder shall be prorated
Partial Years. Tenant's obligation to pay the Additional Rent provided for in this Section 4 which is accrued but not paid for periods prior to the expiration or termination of the Term shall survive such expiration or termination. Should this Lease commence or terminate at any time other than the first day of a Calendar Year, Tenant's Share of Computed Operating Expenses referred to in Sections 4.A. and 4.B. above 11 shall be calculated, for the commencement or termination year only, by the following formula: Days Leased X Tenant's Share of Computed Operating Expenses/365 = Adjusted Tenant's Share of Computed Operating Expenses.
Partial Years. At the commencement and at the termination of the Lease, Lessee's share of Project Tax Increases for that period (or periods) of taxation shall be prorated, based on the ratio of the term of the Lease within each such tax period to the full tax period.
Partial Years. If the Commencement Date occurs on a date other than the first day of a calendar year of the Term or expires on a date other than the last day of a calendar year, then the actual Operating Expenses incurred during such partial calendar years shall be computed and an appropriate proration shall be made in the actual Operating Expenses and in the Operating Expense Amount so that Tenant pays only that portion of Tenant's pro rata share of excess Operating Expenses incurred during the portion of such calendar year that includes the beginning of the end of the Term.