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.