Calendar Year or Year definition
Calendar Year or Year means a period of twelve (12) months commencing with January 1 and ending on the following December 31, according to the Gregorian Calendar.
Calendar Year or Year means a period of twelve (12) consecutive months starting with the first day of commencement of commercial operations as defined under the Production Agreement, while “Calendar Quarter” means a period of three consecutive months with the first calendar quarter starting with the first day of commencement of commercial operations.