Y-1 definition

Y-1 means the Gas Year immediately preceding Y; and

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Y-1 means the year before the year of delivery.

Y-1 means the period of 12 months immediately preceding period y except where—

Examples of Y-1 in a sentence

• In accordance with Section Y., Assignments and Subcontracts, of this Agreement and subject to the terms and conditions in sections Y.1. through 7 of this Agreement, this paragraph constitutes DEO’s written approval for Grantee to subcontract for any of the deliverables and/or tasks identified in the Scope of Work for this Agreement.

• The project is divided into reporting periods of the following duration: - P1: from month 1 to month X - P2: from month X+1 to month Y - P3: from month Y+1 to month Z - (…) - [final]: from month [N+1] to the last month of the project Any report and deliverable, when appropriate, required by this grant agreement shall be in [insert language].

• Such amount shall be allocated first to the Class II-LTY and II-LTY2 Regular Interests up to the Class Y-1 Principal Reduction Amount and Class Y-2 Principal Reduction Amount, respectively, and thereafter the remainder shall be allocated to the Class II-LT1 Regular Interest.

• For REMIC purposes, the Group L-B Weighted Average Pass-Through Rate for any Distribution Date shall equal the weighted average of the Certificate Interest Rates for the Class Y-1 and Class Y-2 Regular Interests.

• Notwithstanding the preceding, Y shall not be greater than 125% of the Y1 (the “Maximum Interest”).

• Y is the greater of (a) the closing bid price of the Company’s common stock on the Interest Date or (b) the average closing bid price for Common Stock on the five trading days immediately prior to the Interest Date; Y1 is the pricing used for the preceding Interest Date or other applicable prior pricing Interest Date and Z is the number of Applicable Shares.

• For purposes of the first Interest Date computation, $0.0075 shall be used as the Y1.

• Other than for the first Interest Date computation, Y1 shall never be less than the Y1 for any preceding Interest Date computation (no double benefit for price increases, followed by a price decrease followed by another price increase).

• This Annex should reflect that the sales quotas are cumulative (i.e., overages in Y1 can be applied to Y2).

• Year 1 (Y1) = $38,000, Y2 = $40,000, Y3 = $42,000 in cash balances.

More Definitions of Y-1

Y-1 means the pertinent year, while "Y-2" means the immediately preceding business year.

Y-1 means the Gas Year immediately preceding Y;