Term Year definition

Term Year means a 12-month period beginning on the first day of the Term and each successive 12-month period thereafter.
Term Year means each annual period beginning on the Effective Date (as defined in Section 9 hereof) or anniversary thereof, and ending on the day prior to the anniversary of the Effective Date.
Term Year means a twelve (12) month period beginning on the first day of the calendar month following Initial Operation and each successive twelve (12) month period thereafter.

Examples of Term Year in a sentence

  • Once 120% of the Expected Term Year Energy Production is achieved, no further electric energy payments will be calculated for the remaining months in the current Term Year.

  • Such certification must include all data relied on to support the revised Expected Term Year Energy Production.

  • The Expected Term Year Energy Production for each Term Year equals [number of kWh] kWh. The Expected Term Year Energy Production may be revised based on changes in the Site Host Load or the Site Host thermal requirements; provided, however, that such revision must be supported by a certification from a California-licensed professional engineer qualified to make a representation affirming that such revision is reasonable and based on changes in the Site Host Load or the Site Host thermal requirements.

  • Buyer shall test and recalibrate the Check Meter at least once every Term Year.

  • The Performance Assurance Amount will be revised upon any change to the Expected Term Year Energy Production.


More Definitions of Term Year

Term Year means each annual period beginning on the effective date of this Agreement or anniversary thereof, and ending on the day prior to the anniversary of the effective date of this Agreement.
Term Year means a twelve (12) month period beginning on Initial Delivery Date and each successive twelve (12) month period thereafter.
Term Year means any calendar year during the Term of this Agreement beginning January 1 and ending December 31, except that the first Term Year shall mean the period beginning on the Effective Date of this Agreement and ending on December 31 of the next calendar year.
Term Year means each one (1) year period commencing from the first day of the calendar month immediately after the Effective Date.
Term Year means a twelve (12) month period beginning on the Commercial Operation Date and each successive twelve (12) month period thereafter.
Term Year means the twelve month period beginning on the first day of each term served by a Director, and in the event a term is for two or more years, each twelve month period beginning on the anniversary date of the first day of such term.
Term Year each separate, consecutive 12-month period of the Term.