Active Year definition

Active Year means any Year in which the Shipper shall provide the Service to the Customer in accordance with this Agreement, as more specifically set out in Schedule 1;
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Active Year means any Year in which the Storage Operator shall provide storage services in accordance with this Agreement, as more specifically set out in Schedule 1;
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Active Year means any Year in which the Service Provider shall provide the Service to NGG in accordance with this Agreement, as more specifically set out in paragraph 1 of the Schedule;
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Examples of Active Year in a sentence

  • This Agreement shall come into force at the start of Year 1 and shall, subject to clause 15, continue in effect until the end of the final Active Year (the “Term”).

  • If the total Service Availability (in hours) (inclusive of any Maintenance Period pursuant to Clause 7) in respect of any Facility in an Active Year is less than 100% of the appropriate Summer Period Availability or Winter Period Availability (as specified in Schedule 1), the Shipper shall pay to the Customer, in respect of the relevant period a repayment amount in accordance with the following calculations.

  • If the total Service Availability (in hours) (inclusive of any Maintenance Period pursuant to Clause 7) in an Active Year is less than 100% of the appropriate Summer Period Availability or Winter Period Availability (as specified in Schedule 1), the Shipper shall pay to the Customer, in respect of the relevant period a repayment amount in accordance with the following calculations.

  • The Shipper shall monitor the Service Availability throughout each Active Year.

  • The Shipper shall monitor the Service Availability in respect of the Facilities throughout each Active Year.

  • The Customer shall monitor the Service Availability in respect of each Facility throughout each Active Year.

Related to Active Year

  • Leave Year means the year ending with the anniversary date of the employee’s appointment.

  • Service Year means fiscal year, except that:

  • Term Year means a 12-month period beginning on the first day of the Term and each successive 12-month period thereafter.

  • Income Year means any year or accounting period beginning 1 July of one calendar year and ending 30 June of the following calendar year or any other period that the Trustees by resolution adopt;

  • Three-Year Period means, with respect to a Restatement, the three completed fiscal years immediately preceding the date that the Board, a committee of the Board, or the officer or officers of the Company authorized to take such action if Board action is not required, concludes, or reasonably should have concluded, that the Company is required to prepare such Restatement, or, if earlier, the date on which a court, regulator or other legally authorized body directs the Company to prepare such Restatement. The “Three-Year Period” also includes any transition period (that results from a change in the Company’s fiscal year) within or immediately following the three completed fiscal years identified in the preceding sentence. However, a transition period between the last day of the Company’s previous fiscal year end and the first day of its new fiscal year that comprises a period of nine to 12 months shall be deemed a completed fiscal year.