Auction Year definition

Auction Year means a year in which a Capacity Auction takes place commencing on the 1st of March and ending on the last day in February in the next calendar year or such other twelve month period as may be prescribed by ENTSOG from time to time;
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Auction Year means the 12-Month period which starts at the start date of the Quarterly capacity that BBL Company offers for sale in the first ever auction of capacity in the Reverse Flow Direction, or at the anniversary of this start date.
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Auction Year means, when used in reference to an auction, the year in which the auction is held;
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Examples of Auction Year in a sentence

  • In relation to an Annual Yearly Auction, the Auction shall start on the first Monday in July in the Auction Year; or, such other date as is specified in the Auction Calendar.

  • Auctions held (following the Rolling Day-Ahead Auction) on an hourly basis (as provided in paragraph 5.3) for each Day of the Auction Year, in respect of Daily Firm Interconnection Point Capacity for that Day ( “Within-Day Auctions”).

  • In relation to an Annual Quarterly Auction, the Auction Date will be the first Monday in June in the Auction Year, or such other date as is specified in the Auction Calendar.

  • In relation to an Annual Yearly Auction, the Auction Date will be the first Monday in March in the Auction Year, or such other date as is specified in the Auction Calendar.

  • Parties which get the status of BBL-Shipper at a later stage during a running Auction Year will have to pay the whole Subscription Fee.

  • If applicable, BBL Company will after the Auction Year send a correction invoice to all BBL- Shippers in order to reimburse any over recovery of the Subscription Fee related to this Auction Year.

  • Annual Quarterly I.P Capacity Auction") which shall take place in each Auction Year in accordance with the ENTSOG Auction Calendar and at which Bundled IP Capacity and/or Unbundled IP Capacity may be made available for a duration which is Quarterly and separately in respect of each Quarter in the Gas Year which commences in that the Auction Year.

  • These are: 40 For the avoidance of doubt where there are two adjacent Transporter IPs, the sum of the unbundled interconnected system exit capacity allocated to Users at both adjacent Interconnection Points will be considered.41 Published on an annual basis by ENTSOG for each Auction Year.

  • The Subscription Fee is an annual fee that entitles BBL-Shippers to take part in the capacity auctions of an Auction Year.

  • The Subscription Fee amounts to Euro (€) 15,000 per BBL-Shipper per Auction Year.

Related to Auction Year

  • Election Year means a year in which ordinary elections for local governments are required to be held;

  • Production Year means the 12- month period between September 1 of one year and August 31 of the following year, inclusive.

  • Determination Year means the Plan Year for which testing is being performed, and the “look-back year” means the immediately preceding twelve (12) month period.

  • Vacation Year means the twelve (12) month period commencing on the first (1st) day of April in each calendar year and concluding on the thirty-first (31st) day of March of the following calendar year.

  • Termination Year means the calendar year in which the Employment Period is terminated.

  • Open Year has the meaning specified in Section 4.01(r)(iii).

  • transition year means the financial year of an issuer or business in which the issuer or business changes its financial year-end;

  • Allocation Year Means (i) the period commencing on the Closing Date and ending on December 31, 2006, (ii) any subsequent period commencing on January 1 and ending on the following December 31, or (iii) any portion of the period described in clause (ii) for which the Company is required to allocate Profits, Losses and other items of Company income, gain, loss or deduction pursuant to Article V.

  • taxation year means the calendar year to which an assessment roll applies for the purposes of taxation;

  • Compensation Year means a period of 12 months expiring 31 March in any year;

  • Limitation Year means the Plan Year.

  • Rate Year means July 1st of a given Calendar Year through June 30th of the succeeding Calendar Year.

  • Crop year means any 12 month period which represents the planting, growing, harvesting and marketing of an insurable crop, as stated in the Schedules;

  • Average Monthly Compensation means the quotient determined by dividing the sum of the Employee’s then current Base Salary (as defined in Section 4.1 hereof) and the greater of the most recently paid Incentive Compensation (as defined in Section 4.2 hereof) or the average of Incentive Compensation paid over the three most recent years by twelve.

  • Operating Year means the calendar year commencing January 1st of each year (including the calendar year within which the Commencement Date occurs) during the Term.

  • Plan Year means the calendar year.

  • Loan Year means each period of twelve (12) consecutive months commencing on the Closing Date and on each anniversary thereof.

  • relevant year means a year commencing at 00:00 hours on 1 April and ending at 23:59 hours on the following 31 March;

  • Auction Period means the dates during which the Test the Waters Auction is held and ending on the last day of the Test the Waters Auction.

  • Funding Year means in the case of the first Funding Year, the period commencing on the Effective Date and ending on the following March 31, and in the case of Funding Years subsequent to the first Funding Year, the period commencing on the date that is April 1 following the end of the previous Funding Year and ending on the following March 31;

  • Comparison Year is defined as each calendar year during the term of this Lease subsequent to the Base Year; provided, however, Lessee shall have no obligation to pay a share of the Operating Expense Increase applicable to the first twelve (12) months of the Lease Term (other than such as are mandated by a governmental authority, as to which government mandated expenses Lessee shall pay Lessee's Share, notwithstanding they occur during the first twelve (12) months). Lessee's Share of the Operating Expense Increase for the first and last Comparison Years of the Lease Term shall be prorated according to that portion of such Comparison Year as to which Lessee is responsible for a share of such increase.

  • Gas Year means the period of 365 or 366 Gas Days, as the case may be, beginning at October 1st at 06:00 hours (Belgian time) and ending at September 30th 06:00 hours (Belgian time) of the next year.

  • Calculation Period means the period from and including the seventh scheduled Index Business Day prior to the Stated Maturity to and including the second scheduled Index Business Day prior to the Stated Maturity.

  • Registration year means the twelve-month period during which, under the laws of the base jurisdiction, the registration issued to a registrant by the base jurisdiction is valid.

  • Relevant Year t means the Financial Year for the purposes of which any calculation falls to be made; "Relevant Year t-1" means the Financial Year preceding Relevant Year t, and similar expressions shall be construed accordingly;

  • Contract Year means each period of twelve (12) consecutive months during the Initial Term of this Agreement, with the first Contract Year commencing on the Effective Date, and with each subsequent Contract Year commencing on the anniversary of the Effective Date.