Prior Period Adjustment definition

Prior Period Adjustment means, as applicable, a billing adjustment related to: (i) the correction of a measuring equipment error pursuant to Article 4.2 hereof, (ii) the correction of a Shipper’s Monthly Bill pursuant to Article 7.5 hereof, or (iii) a correction by a Common Stream Operator of a month end allocation initially made pursuant to Article 19.1(a) hereof, which correction is accepted by Transporter in accordance with Transporter’s posted policy.
Sample 1Sample 2Sample 3
Prior Period Adjustment means any change to the True-Up Adjustment agreed upon or determined through the review and challenge procedures outlined in these Protocols that is carried forward with interest to the subsequent True-Up Adjustment.
Sample 1Sample 2Sample 3
Prior Period Adjustment means any adjustments, including but not limited to, actual delivered natural gas volumes, meter reading errors, or any other factor(s) which may affect the resulting actual cost of delivered natural gas supplies and other services made to any previous monthly invoice resulting in the actual cost to the Receiving Agency.
Sample 1Sample 2Sample 3

Examples of Prior Period Adjustment in a sentence

  • With regard to each Series, if a Prior Period Adjustment (or portion thereof) can be specifically identified as attributable to a Member or a former Member of such Series, then the Sponsor shall use reasonable efforts to allocate such Prior Period Adjustment to, and collect such Prior Period Adjustment from, such Member (by Redemption of Units or otherwise) or former Member.

  • The Sponsor shall use reasonable efforts to allocate each Prior Period Adjustment to the current or former Members (each, a “Prior Period Member”) which were Members during the Accounting Period(s) to which such Prior Period Adjustment relates in accordance with the number of Units of such Series which such current or former Member then held.

  • The Sponsor shall use reasonable efforts to allocate each Prior Period Adjustment to the current or former Members (each, a "Prior Period Member") which were Members during the Accounting Period(s) to which such Prior Period Adjustment relates in accordance with the number of Units of such Series which such current or former Member then held.

  • Answer: The Company has revised the disclosure to comply with paragraph 16(a)(ii) of SFAS 13 and disclose the future minimum lease payments in aggregate and for each of the five succeeding fiscal years.Note 13 – Prior Period Adjustment.

  • Prior Period Adjustment The consolidated financial statements as of and for the year ended December 31, 2018, not presented herein, were audited by other independent auditors, whose report dated March 29, 2019 expressed an unqualified opinion on those financial statements.

  • Prior Period Adjustment: During February, the Company recorded a prior period adjustment for 2017.

  • Prior Period Adjustment The Company has recorded prior period adjustments for the correction of errors.

  • The Prior Period Adjustment Component of PG&E's Direct Bill shall be computed by adding the commodity and demand portions of each prior period adjustment which has been charged to PGT within nine months of the effective date of this Paragraph 31 or refunded to PGT at any time, as the case may be and which have not been reflected in PGT's deferred account prior to application of this Paragraph 31.


More Definitions of Prior Period Adjustment

Prior Period Adjustment means any item or items of expense, loss, tax, income or gain incurred or accrued during one Accounting Period which arises from claims, events or transactions relating to a prior Accounting Period, including all costs of prosecuting, defending, investigating, settling or otherwise dealing with any of the foregoing, such item or items to be accounted for pursuant to Section 3.10.
Sample 1Sample 2Sample 3
Prior Period Adjustment shall m ean any adjustm ents, in cluding but not lim ited to, actual delivered natural gas volum es, meter reading errors, or any other factor(s) which m ay affect the resulting actual cos t of delivered natural gas supplies and other services made to any previous monthly invoice resulting in the actual cost to the Receiving Agency.
Sample 1

Related to Prior Period Adjustment

  • CPI Adjustment means the quotient of (i) the CPI for the month of January in the calendar year for which the CPI Adjustment is being determined, divided by (ii) the CPI for January of 2007.

  • Related Adjustment means, in determining any LIBOR Successor Rate, the first relevant available alternative set forth in the order below that can be determined by the Administrative Agent applicable to such LIBOR Successor Rate:

  • Estimated Adjustment Amount has the meaning set forth in Section 2.8(a).

  • Net Adjustment Amount means an amount, which may be positive or negative, equal to the Closing Net Working Capital as finally determined pursuant to this Section 2.9 minus the Preliminary Net Working Capital as set forth on the Preliminary Closing Statement;

  • True-Up Adjustment means any Semi-Annual True-Up Adjustment or Interim True-Up Adjustment, as the case may be.

  • Interest Adjustment Date With respect to a Mortgage Loan, the date, if any, specified in the related Mortgage Note on which the Mortgage Interest Rate is subject to adjustment.

  • Payment Adjustment Date With respect to each ARM Loan, the date on which the Borrower's Monthly Payment changes in accordance with the terms of the related Mortgage Note.

  • Adjustment Year has the meaning ascribed to said phrase under Section 6225(d)(2) of the Code.

  • Material Project EBITDA Adjustments means, with respect to each Material Project:

  • Post-Closing Adjustment Amount has the meaning set forth in Section 2.04(c).

  • Interest Adjustment Rate means the interest adjustment rate assigned to the Security. The initial Interest Adjustment Rate is the interest adjustment rate specified in the Table (the "Initial Interest Adjustment Rate").The Issuer may adjust, in its reasonable discretion pursuant to §315 BGB and in consideration of the relevant capital market practice and by acting in good faith (including market interest rates and the interest-rate expectations of the market), the Interest Adjustment Rate, including the Initial Interest Adjustment Rate, on any Scheduled Trading Day within the range (deviation (+) or (-)) specified in the Table for any given Security. The adjusted rate will be published without undue delay in accordance with §12.

  • Final Adjustment Amount shall have the meaning set forth in Section 2.5(e).

  • Contract Term Adjustment means adjustment only as provided for in the three circumstances described in this Subsection. Under these circumstances, the contract term shall be adjusted in writing to include additional calendar days in one or more Normal Operating Seasons equal to the actual time lost, except as limited by paragraph (b) in this Subsection. To qualify for such adjustment, Purchaser shall give written notice of the lost time not later than 30 days after end of Normal Operating Season in which time was lost and at least 10 days before Termination Date. Contracting Officer shall make prompt written acknowledgment of such notice, indicating concurrence with the number of days in the notice or the number of days Forest Service considers as qualifying for the adjustment. Lost portions of days shall be disregarded in computing time lost. The three circumstances qualifying for a Contract Term Adjustment are:

  • Post-Closing Adjustment has the meaning set forth in Section 2.04(b)(ii).

  • Pro Forma Disposal Adjustment means, for any Test Period that includes all or a portion of a fiscal quarter included in any Post-Transaction Period with respect to any Sold Entity or Business, the pro forma increase or decrease in Consolidated EBITDA projected by the Borrower in good faith as a result of contractual arrangements between the Borrower or any Restricted Subsidiary entered into with such Sold Entity or Business at the time of its disposal or within the Post-Transaction Period and which represent an increase or decrease in Consolidated EBITDA which is incremental to the Disposed EBITDA of such Sold Entity or Business for the most recent Test Period prior to its disposal.

  • Closing Adjustment Amount shall have the meaning set forth in Section 3.2(c).

  • Adjustment Amount For any Distribution Date, the difference between (A) the sum of the Class A Principal Balance and the Class B Principal Balance as of the related Determination Date and (B) the sum of (i) the sum of the Class A Principal Balance and the Class B Principal Balance as of the Determination Date succeeding such Distribution Date and (ii) the aggregate amount that would have been distributed to all Classes as principal in accordance with Section 4.01(a) for such Distribution Date without regard to the provisos in the definitions of Class B-1 Optimal Principal Amount, Class B-2 Optimal Principal Amount, Class B-3 Optimal Principal Amount, Class B-4 Optimal Principal Amount, Class B-5 Optimal Principal Amount and Class B-6 Optimal Principal Amount.

  • Cost of Living Adjustment means the percentage (if any) by which the Consumer Price Index for the month of October preceding the adjustment ex- ceeds the Consumer Price Index for the month of October one year before the month of October preceding date of the adjustment.

  • Increased Assessed Value means, for each Fiscal Year during the term of this Agreement, the amount by which the Current Assessed Value for such year exceeds the Original Assessed Value. If the Current Assessed Value is less than or equal to the Original Assessed Value in any given Tax Year, there is no Increased Assessed Value in that year.

  • LIBOR Adjustment Date With respect to any Payment Date, the second business day before the related Accrual Period begins. For this purpose, a “business day” is a day on which banks are open for dealing in foreign currency and exchange in London, New York City and Washington, D.C.

  • Adjustment Period means the period from the Effective Date up to and including the Expiry Time;

  • Net Working Capital Adjustment Amount means an amount, which may be a positive or negative number, equal to the Net Working Capital as of the Effective Time minus the Net Working Capital Threshold.

  • Price Adjustment means any and all price reductions, offsets, discounts, rebates, adjustments, and or refunds which accrue to or are factored into the final net cost to the hospital outpatient department or ambulatory surgical center.

  • Credit Adjustment shall have the meaning specified in Section 3.02.

  • Equity Adjustment means the dollar amount resulting by subtracting the Book Value, as of Bank Closing, of all Liabilities Assumed under this Agreement by the Assuming Bank from the purchase price, as determined in accordance with this Agreement, as of Bank Closing, of all Assets acquired under this Agreement by the Assuming Bank, which may be a positive or a negative number.