Partial Contract Year definition
Examples of Partial Contract Year in a sentence
In the case of any Product that is Detailed under this Agreement for only a portion of a Contract Year (a “Partial Contract Year”), Incremental Net Sales shall be determined by reference to such Partial Contract Year by determining the following on the basis of such Partial Contract Year rather than the full Contract Year: XXXXX.
Parking Operator shall develop and submit a Budget for the first Partial Contract Year for the Director’s review and approval within 15 business days after the Effective Date.
Parking Operator shall update such list at the beginning of a Contract Year or Partial Contract Year, as applicable, throughout the Term.
The above guarantees are annual guarantees - if this Agreement is terminated prior to the completion of the then current contract year (hereinafter, a “Partial Contract Year”), then the above guarantees will not apply for such Partial Contract Year.
Parking Operator shall be compensated during such holdover at the same amounts or rates due in the last Partial Contract Year.
For subsequent Contract Years and Partial Contract Year (as applicable), , Parking Operator shall develop and submit its Budget to the Director by the preceding January 15th, or such date as directed by the Director.
Such books and records shall be kept segregated from Parking Operator's books and records relating to operations other than pursuant to this Agreement, and shall be retained by Parking Operator for a period of not less than seven years following the end of a Contract Year or Partial Contract Year to which such books and records relate (notwithstanding the expiration or earlier termination of the Agreement).
Parking Operator shall prepare and submit for the Director’s review and approval an annual operating expense budget (hereinafter referred to as the “Budget”), detailed by line item and by month for each upcoming Contract Year or Partial Contract Year during the Term.
Partial Contract Year Volume Commitment: Customer’s Contributing Charges incurred during the final 10 months of the Term as extended by the 11th Amendment (the “Partial Contract Year”) must equal or exceed $1,250,000.00 (the “Partial Contract Year Volume Commitment”).
Parking Operator shall prepare and submit to the City for its review and approval an annual Operating Expense Budget (hereinafter referred to at the “Budget”), detailed by line item and by month for each upcoming Contract Year or Partial Contract Year during the Term.