Power Supply Year. The twelve (12) month period commencing at 12:01 a.m. on July 1 of each year during the Operational Term and ending at 12:01 a.m. on the following July 1; provided, however, that (a) if the Transition Date does not occur on July 1 of any year, then the first Power Supply Year shall begin at 12:01 a.m. on the Transition Date and shall end at 12:01 a.m. on the immediately following July 1, and (b) if the Operational Term does not end on June 30 of any year, then the last Power Supply Year shall begin at 12:01 a.m. on the July 1 immediately preceding the last day of the Operational Term and shall end at 12:01 a.m. on the last day of the Operational Term.
Appears in 3 contracts
Sources: Power Sales Contract, Renewal Power Sales Contract, Renewal Power Sales Contract