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

Buyer shall test and recalibrate the Check Meter at least once every Term Year.
Such certification must include all data relied on to support the revised Expected Term Year Energy Production.
The Performance Assurance Amount will be revised upon any change to the Expected Term Year Energy Production.
At the end of each Term Year following the first Term Year, up to a maximum of 50 unused hours may be carried over to the following Term Year.
For each of the Term Years after the first Term Year, the total Maintenance Debit Value for Maintenance Outages may not exceed 550 hours plus hours carried over from prior Term Years; provided, however, that such Maintenance Debit Value may not exceed 600 hours in any Term Year.

Term Year wherever used herein earlier means financial year.

Term Year means a twelve (12) month period beginning on Initial Delivery Date and each successive twelve (12) month period thereafter.

Term Year means a twelve (12) month period beginning on the first day of the calendar month following the Term Start 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 each separate, consecutive 12-month period of the Term.

Term Year means (i) the period comprised of the first (1st) through twelfth (12th) complete consecutive calendar months during the Term, and (ii) each succeeding period of twelve (12) consecutive calendar months thereafter.