Sub-Period definition

Sub-Period means, with respect to a Partner's Interest in the Partnership, the initial period that begins upon the Partnership's commencement of investment operations (or, with respect to subsequent contributions, at the time of those contributions) and ends at the close of business on the earliest occurrence of: (1) the last day of the Fiscal Year, (2) the date immediately prior to the effective date of additional purchases of Interests; (3) the date immediately prior to the effective date of partial Transfers of Interests; or (4) the date on which the Partnership dissolves. Each Sub-Period is followed by a subsequent Sub-Period, with respect to a Partner's then existing Interest in the Partnership; provided that the Partner continues to hold an Interest in the Partnership, the General Partner continues to serve as the general partner of the Partnership, and the Partnership is in existence. Each Sub-Period will reflect each Partner's appropriate Interest in the Partnership during the Sub-Period.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Sub-Period means the First Renewal Period and/or the Second Renewal Period and/or the Third Renewal Period;

Sub-Period. Sub-period shall mean the smaller periods within the policy period as specified in the schedule.

Examples of Sub-Period in a sentence

Performance Sub-Period shall mean each of the *** within the Performance Period.
For the Second Sub-Period, at least 1.2% (one point two percent) of the Contract Area, equivalent to four lots of 2 minutes x 2 minutes each, corresponding to an area measuring 3.999 (three thousand nine hundred ninety nine) hectares.
B) Any Party shall have the right to enter into or extend the term of the Exploration Period or Development Period or any Exploration Sub-Period of the Concession or extend the term of the Concession, regardless of the level of support in the Operating Committee.
A) A proposal by any Party to extend the term of the Exploration Period or Development Period or any Exploration Sub-Period of the Concession, a proposal to enter into a new phase of the Exploration Period, and a proposal to extend the term of the Concession shall be brought before the Operating Committee pursuant to Article V.
For the avoidance of doubt, references in this Agreement to determinations and/or payments to be made after or following “the end of the Performance Period” shall be applied only to the Performance Period collectively comprised of all three Sub-Periods (and not to any Sub-Period individually).
Except for Exclusive Operations relating to Deepening, Testing, Completing, Sidetracking, Plugging Back, Recompletions or Reworking of a well drilled to fulfil the Minimum Work Obligations or the drilling of any Mandatory Appraisal Well, no Exclusive Operations may be proposed or conducted until the Minimum Work Obligations for the then current Exploration Sub-Period are fulfilled.
The Ministry shall not unreasonably withhold or delay the granting of such request; provided that the Contractor has complied with all of its obligations in the First Exploration Sub-Period and shall not be otherwise in breach of this Contract.
If applicable, the said Minimum Exploration Obligations shall be performed during each Sub-Period in accordance with prudent international petroleum industry practice.
The time resulting from any such delay or curtailment in the execution of such obligations, increased by the time necessary to repair any damage resulting from or occurred during such delay or curtailment, shall be added to any time period provided under this Contract (including the Exploration Period and any extension thereto, any Sub-Period and any extension thereto and any Development Period and any extension thereto).
The Contractor must relinquish part of the Contract Area at the end of each sub-period of exploration as follows: For the First Sub-Period, at least 0.8% (zero point eight percent) of the Contract Area, equivalent to two lots of 2 minutes x 2 minutes each, corresponding to an area measuring 2,666 (two thousand six hundred sixty six) hectares.

More Definitions of Sub-Period

Sub-Period is defined as the number of days between two buy-backs trading dates. The calculation of the Sub-periods starts on the settlement date of the first buy-back transaction within the mandate period (or at the beginning of the mandate, in case of the first month of the mandate) and shall end on the date prior to the settlement date of the next buy-back transaction (or the end of the mandate, in case of the last month of the mandate). During the full quarters within the mandate, the calculation of the quarterly fees starts at beginning of the relevant quarter and shall be ended at the end of the respective quarter. As the Base Fee is computed using the number of days in a calendar year (365 days), the Base Fee Rate used for non-trading days will be the rate applied for the prior trading day.

Sub-Period is defined as the number of days between two trading dates. The calculation in each sub-periods starts on the settlement date of the first transaction (or the beginning of the mandate) and shall end on the date prior to the settlement date of the next transaction (or the end of the mandate). For each day in a Calculation Period for which the Base Fee is to be calculated, when the Discount is below or equal to 20%, but above 15%, an additional Base Fee Rate of 5 basis points per year shall become payable (i.e. the Base Fee Rate referred to in the calculation above shall become 65 basis points per year for the applicable days in the relevant period). For each day in a Calculation Period for which the Base Fee is to be calculated, when the Discount is equal or below 15%, a further additional Base Fee Rate of 5 basis points per year shall become payable (i.e. the Base Fee Rate referred to in the calculation above shall become 70 basis points per year for the applicable days in the relevant period). As the Base Fee (including any additional fee determined under the previous two paragraphs) is computed using the number of days in a calendar year (365 days), the Base Fee Rate used for non-trading days will be the rate applied for the prior trading day.