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.

For purposes of determining the Monthly RA Capacity Price (MRACP) as defined in Section 3(b) of Exhibit D, at the time of delivery for contracts using the As-Delivered Option, the Monthly Capacity Price in Table 1 above for Term Year 1 would apply for deliveries during this month.

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.


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 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 means a twelve (12) month period beginning on the Commercial Operation 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 the first 12 consecutive months following the commencement of the term of an oil sands agreement and each consecutive 12-month period thereafter, ending on the expiry date of the oil sands agreement;