Trading Year definition

Trading Year means each twelve month period commencing from the first anniversary of the date upon which any Carbon Credits generated from the Carbon Asset come into existence and are capable of being traded.
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Trading Year means each twelve month period commencing from the first anniversary of the date upon which any Carbon Credits and Biodiversity Credits generated from the Carbon Asset come into existence and are capable of being traded. “Trees” means all the trees of whatsoever kind or nature now living on the Land or living on the Land at any time in the future and includes a tree as defined by the relevant Indonesian authority that administers forest lands in Indonesia. “Trade”means each and every transaction throughout the Term whereby consideration is received from a Consumer for the disposal or dealing in the Carbon Credits and Biodiversity Credits including without limitation, transactions involving the present and/or future use of the Carbon Credits and Biodiversity Credits and transactions involving the granting of options or other derivatives relating to the Carbon Credits and Biodiversity Credits.
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Trading Year. : means a period of 12 months ending on an Anniversary Date.
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Examples of Trading Year in a sentence

  • If at any time after the first Trading Year CS has been unable to collectively Trade at least 30% of Carbon Credits and Biodiversity Credits available to be Traded at market rates save for the discretionary provision as outlined in clause 6.4 in that Trading Year then within two months of the expiry of that Trading Year either party may by notice in writing to the other party terminate this Agreement.

  • The Contractor shall, within twenty (20) Working Days after the end of each LATS Trading Year during the Contract Period, provide to the Authority a Second Annual Reconciliation Report for the immediately preceding Contract Year in the form set out in Schedule 36 (Reporting Proformas) setting out the calculation of the Second Annual Reconciliation Payment calculated in accordance with paragraph 9.2 of Schedule 5 (Payment Mechanism) in respect of the immediately preceding Contract Year.


More Definitions of Trading Year

Trading Year means each 12 month period commencing at the start of the Trading Day commencing on 1 April in a year and ending at the end of the Trading Day commencing on 31 March in the following year;
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Related to Trading Year

  • Reporting Year means a twelve-month compliance reporting period required under the Applicable Program.

  • Open Year has the meaning specified in Section 4.01(r)(iii).

  • Qualifying year means the calendar year to which the qualifying certificate applies.

  • Vesting Year means a unit of Service credited to a Participant pursuant to Section 9.2 for purposes of determining his vested interest in his Account.

  • Operating Year means each calendar year that includes any part of the Term.