Third Contract Year Sample Clauses

Third Contract Year. Buyer shall, if requested by Seller, provide to Seller on or before November 1 of the calendar year preceding the year in which the third Contract Year begins, a preliminary monthly shipping schedule for the third Contract Year based on Buyer's then current projections for such period. The sum of the quantities reflected for all months in such preliminary monthly shipping schedule for the third Contract Year shall not exceed the Annual Shipping Schedule Quantity for such Contract Year; provided, however, Buyer will issue an adjusted monthly shipping schedule in such Contract Year if it elects to exercise its rights to an Inventory Allowance in accordance with the provisions of Section 3.3.
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Third Contract Year. The additional payment owed for the third Contract Year shall total $8 million except as provided in Section 12.1, subject to adjustment as provided in the following sentence. On the Adjustment Date, January 3, 2000, the additional payment for the third Contract Year shall be adjusted by (i) adding to the Base Rate 70% of the positive amount, if any, determined by subtracting the Base Rate from the Consumer Price Index in effect on the Adjustment Date, (ii) dividing said sum by the Base Rate, and (iii) multiplying the results by $8 million except as provided in Section 12. 1. In the event that the net change in the Consumer Price Index is negative, the additional payment for the third Contract Year shall total $8 million, except as provided in Section 12.1. NESI shall pay such additional payment in twelve equal monthly installments due on or before July 3, 2000, August 1, 2000, September 1, 2000, October 2, 2000, November 1, 2000, December 1, 2000, January 2, 2001, February 1, 2001, March 1, 2001, April 2, 2001, May 1, 2001, and June 1, 2001, respectively, except as provided in Section 12.1. Failure to make Payment in Full and on Time under this Section constitutes a breach of this Agreement.
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Third Contract Year. For each month of the Third Contract Year, the EDS Percentage shall be Forty Two Percent (42%).
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Third Contract Year. Third Contract Year" means the twelve-calendar-month period immediately following the Second Contract Year.
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Third Contract Year. During the third Contract Year, the Service Fee shall be comprised of: (i) A base fee of Three Million Dollars ($3,000,000), subject to the price reduction formula set forth in Section 5.1(f) herein, payable as follows (the "BASE FEE" for the third Contract Year): (A) One Million Dollars ($1,000,000) payable on the date which is eleven (11) months after the Effective Date (subject to satisfaction of the Cash Flow Test described in Section 5.1(f) below); and (B) the remaining Two Million Dollars ($2,000,000) payable in four (4) equal installments of Five Hundred Thousand Dollars ($500,000) each, payable on the last day of the third, sixth, ninth and twelfth month of the third Contract year; and (ii) a fee for each Consumer News E-mail sent by InfoBeat for those Consumer News E-mails sent in excess of [ ** ] (the "BASELINE VOLUME" for the third Contract Year) per quarter for each quarter of the third Contract Year (the "PER-QUARTER BENCHMARK" for the third Contract Year), calculated as follows:
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Third Contract Year. Follow the same timeline and process as the first contract year. (4) Fourth Contract Year 2576 2577 2578 2579 2580 2581 2582 2583 2584 2585 2586 2587 2588 2589 2590 2591 2592 2593 2594 2595 2596 2597 2598 2599 2600 2601 2602 2603 2604 2605 2606 2607 2608 2609 2610 2611 2612 2613 2614 2615 2616 2617 2618 2619 2620 2621 (a) Follow the same timeline and process as the first contract year. (b) Second semester: a letter of tenure or non-renewal will be sent no later than March 15. If no notice is received on or before March 15 of the fourth year, the faculty member will return in the fall of the subsequent academic year as a regular tenured employee.
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Third Contract Year. The Disposal Amount owed for the third Contract Year shall be no less than $8 million except as provided in Section 12.1. On the first Adjustment Date, January 3, 2000, the Disposal Amount for the third Contract Year shall be adjusted by (i) adding to the Base Rate 70% of the positive amount, if any, determined by subtracting the Base Rate from the Consumer Price Index in effect on that Adjustment Date, (ii) dividing said sum by the Base Rate, and (iii) multiplying the results by $8 million except as provided in Section 12. 1. In the event that the net change in the Consumer Price Index is negative, the Disposal Amount for the third Contract Year shall be $8 million, except as provided in Section 12.1. NESI shall pay the Disposal Amount in twelve equal monthly installments due on or before July 3, 2000, August 1, 2000, September 1, 2000, October 2, 2000, November 1, 2000, December 1, 2000, January 2, 2001, February 1, 2001, March 1, 2001, April 2, 2001, May 1, 2001, and June 1, 2001, respectively, except as provided in Section 12.1. Failure to make Payment in Full and on Time under this Section constitutes a breach of this Agreement.
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Related to Third Contract Year

  • Contract Year A twelve (12) month period during the term of the Agreement commencing on the Effective Date and each anniversary thereof.

  • Term Contract Quarterly Sales Reports The Contractor shall submit Quarterly Sales Reports in the manner and format required by the Department within 30 calendar days after the close of each State fiscal quarter (the State’s fiscal quarters close on September 30, December 31, March 31, and June 30). The Quarterly Sales Report template can be found here: Quarterly Sales Report Format / Vendor Resources / State Purchasing / Business Operations / Florida Department of Management Services - DMS (▇▇▇▇▇▇▇▇▇.▇▇▇). Initiation and submission of the most recent version of the Quarterly Sales Report posted on the DMS website is the responsibility of the Contractor without prompting or notification from the Department. Sales will be reviewed on a quarterly basis. If no sales are recorded in two consecutive quarters, the Contractor may be placed on probationary status, or the Department may terminate the Term Contract. Failure to provide the Quarterly Sales Report, or other reports requested by the Department, will result in the imposition of financial consequences and may result in the Contractor being found in default and the termination of the Term Contract.

  • Contract Quarterly Sales Reports The Contractor shall submit complete Quarterly Sales Reports to the Department’s Contract Manager within 30 calendar days after the close of each State fiscal quarter (the State’s fiscal quarters close on September 30, December 31, March 31, and June 30). Reports must be submitted in MS Excel using the DMS Quarterly Sales Report Format, which can be accessed at ▇▇▇▇▇://▇▇▇.▇▇▇.▇▇▇▇▇▇▇▇▇.▇▇▇/business_operations/ state_purchasing/vendor_resources/quarterly_sales_report_format. Initiation and submission of the most recent version of the Quarterly Sales Report posted on the DMS website is the responsibility of the Contractor without prompting or notification from the Department’s Contract Manager. If no orders are received during the quarter, the Contractor must email the DMS Contract Manager confirming there was no activity.

  • Month A period commencing at 10:00 a.m., Eastern Standard Time, on the first Day of a calendar month and extending until 10:00 a.m., Eastern Standard Time, on the first Day of the next succeeding calendar month. Monthly shall have the correlative meaning.

  • Calendar Year Calendar Year" for the purposes of this Agreement shall mean the twelve (12) month period from January 1st to December 31st, inclusive.