Stub Period definition
Examples of Stub Period in a sentence
Service Provider shall invoice DIR on a monthly basis in accordance with Section 12.1 of the Agreement for a pro rata portion of the Annual Base Charge, which shall be calculated by dividing the Annual Base Charge specified in Attachment 4-A for the Stub Period or applicable Contract Year by the number of months in the Stub Period or applicable Contract Year, as applicable.
The Annual Base Charges for the Stub Period and each Contract Year are set forth in Attachment 4-A and are the fixed charges to DIR for Service Provider’s provision of the Services in accordance with the levels of Resource Unit (RU) usage included in the Monthly Resource Baselines set forth in Attachment 4-D.
At least on a yearly basis during the Term, after the Stub Period described above has ended, BNY Mellon shall, at its cost and expense, engage an internationally recognized third-party auditor to provide a Statement on Standards for Attestation Engagements No. 18 SOC 1 Type II (“SSAE”) report that covers each Service Location used to provide the Services.
The term “Stub Period Multiplier” means a fraction, expressed as a percentage, the numerator of which is the number of days occurring in a Stub Period, and the denominator of which is three hundred sixty-five (365).
Fountain shall pay to Trident an amount equal to the excess of the estimated Taxes paid with respect to any Stub Period of Flow SpinCo U.S. or any of its Subsidiaries over the Tax liability reported on the originally filed U.S. Income Tax Return of such entity for such Stub Period.