PRECEDING TWO MONTH PERIOD definition
PRECEDING TWO MONTH PERIOD means: (i) if the date of determination is the eleventh day or later in a calendar month, the two calendar months ending with the calendar month preceding the date of determination; and (ii) if the date of determination is the tenth day or earlier in a calendar month, the two calendar months ending with the calendar month immediately preceding the last complete calendar month preceding the date of determination. (For examples, if the date of determination is September 11, then the Preceding Two Month Period is July and August, and if the date of determination is September 10, then the Preceding Two Month Period is June and July.)