Post-Term Year definition

Post-Term Year means each consecutive twelve (12) Month period commencing on the day after expiry of the Term while any Call-Off Agreements remain in force.
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Examples of Post-Term Year in a sentence

  • Subject to Clauses 26.1 and 26.6, the Authority’s total aggregate liability in connection with this Framework Agreement whether in contract, tort (including negligence), breach of statutory duty or howsoever arising, in any Contract Year or Post-Term Year, shall be limited to one million pounds (£1,000,000).

Related to Post-Term Year

  • Post-Termination Period means the twelve (12) month period beginning on the Termination Date.

  • Three-Month Term SOFR means the rate for Term SOFR for a tenor of three months that is published by the Term SOFR Administrator at the Reference Time for any interest period, as determined by the Calculation Agent after giving effect to the Three-Month Term SOFR Conventions. All percentages used in or resulting from any calculation of Three-Month Term SOFR shall be rounded, if necessary, to the nearest one-hundred-thousandth of a percentage point, with 0.000005% rounded up to 0.00001%.

  • Adjusted Term SOFR means, for purposes of any calculation, the rate per annum equal to (a) Term SOFR for such calculation plus (b) the Term SOFR Adjustment; provided that if Adjusted Term SOFR as so determined shall ever be less than the Floor, then Adjusted Term SOFR shall be deemed to be the Floor.

  • Short-Term Payout means the payout set forth in Section 4.1.

  • Compensation Period has the meaning specified in Section 2.12(c)(ii).