Examples of Quarterly Period in a sentence
If the period covered by the First Year Report includes an initial stub period that is a partial Quarterly Period, then a separate average subscription percentage shall be calculated for such partial Quarterly Period.
For each partial and full Quarterly Period, the subscription percentage will be calculated first as a daily average, then averaged over the partial or full Quarterly Period.
If the Project is Energized, then after the conclusion of four (4) full Quarterly Periods after Energization, Seller shall provide to Buyer and the IPA a First Year Report substantially in the form of Exhibit C on or after the first (1st) day of the month immediately following the conclusion of such fourth Quarterly Period, but no later than the tenth (10th) day of the month immediately following the conclusion of such fourth Quarterly Period.
For the Quarterly Period ending in August, November, February or May, such First Year Report is due by the 10th of September, December, March or June, respectively.
The Base Subscription Rate shall be the greater of: 50% or the highest average subscription percentage calculated for a Quarterly Period based on information as recorded in the First Year Report.