Examples of Annual Period in a sentence
Toll Rail must supply to the Access Provider in writing on a confidential basis particulars of the levels of annual rail freight traffic on each Line Segment, of passenger levels for the Wellington metro Line Segments, and of passenger services for relevant city pairs within 60 days of the end of each Annual Period and at other times upon reasonable request in writing by the Access Provider.
Renewals will be subject to the submission of a Purchase Order: i) If the Order Form is providing an Option Period or an Annual Period, the Purchase Order will be submitted for the first period and for each applicable renewal period thereafter ii) If the Order Form is providing a Committed Period, the first Purchase Order will be submitted for the Committed Period and for each applicable renewal period following the end of the Committed Period.
In any Annual Period, the Access Provider’s return on capital on capital expenditure in respect of which the Access Provider is entitled to recover a return shall be calculated as the average of the opening and closing depreciated book value for that period of the asset created by the expenditure multiplied by the Access Provider’s weighted average cost of capital (“WACC”).
Additionally, at the time of the Lessee's delivery of its annual audited financial statements, the Lessee shall provide a certificate to the Lessor setting forth the Fixed Charges Coverage Ratio for such Annual Period, calculated based upon the relevant information reflected in such annual audited financial statements.
The Lessee shall, not later than one hundred eighty (180) days following the end of each Annual Period commencing with the Annual Period ending December 31, 2024, provide to the Lessor its annual audited financial statements, prepared by an independent auditor in accordance with GAAP.