Reference Year Sample Clauses

The Reference Year clause establishes a specific year as the baseline or point of comparison for calculations, adjustments, or obligations within an agreement. Typically, this clause identifies a particular calendar or fiscal year against which future changes—such as price adjustments, performance metrics, or financial thresholds—are measured. For example, rent escalations or revenue targets may be tied to figures from the Reference Year. Its core function is to provide a clear and consistent benchmark, ensuring all parties have a common frame of reference for evaluating changes over time and reducing ambiguity in contractual obligations.
Reference Year. The period from June 1st of one year to May 31st of the following year.
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Reference Year. The period extending from November 1 to October 31 of the previous year, for purposes of calculating the work schedule as of January 1 of each year.
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Reference Year. The period commencing April 1 and terminating March 31 of the following year.
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Reference Year. The reference year for vacation purposes aligns with the University Fiscal Year from May 1st to April 30th. ▇▇▇▇▇▇’▇ will provide an advanced vacation model whereby Regular full-time employees may take anticipated vacation in the same reference year without accruing it first. It is understood that if the member’s employment ends, any vacation used and not accrued will be deducted from their final pay.
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Related to Reference Year

  • Reference Period As of any date of determination, the period of four (4) consecutive fiscal quarters of the Borrower and its Subsidiaries ending on such date, or if such date is not a fiscal quarter end date, the period of four (4) consecutive fiscal quarters most recently ended (in each case treated as a single accounting period).

  • Measurement Period In this Agreement, unless the contrary intention appears, a reference to:

  • 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 or to the extent such Loan bears interest based upon the Base 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.

  • Adjusted EBITDA The 2019 adjusted EBITDA for the Affiliated Club Sellers shall total an aggregate of not less than $10,700,000.

  • Annual Percentage Rate Each Receivable has an APR of not more than 25.00%.