Reference Period Clause Samples
The Reference Period clause defines a specific timeframe that is used as a basis for measuring or calculating certain obligations, rights, or performance metrics within an agreement. Typically, this period could refer to a calendar month, quarter, or any other agreed interval, and it is used to determine things like payment amounts, service levels, or compliance with contractual terms. By clearly establishing the relevant timeframe, the clause ensures consistency and clarity in how contractual duties are assessed and fulfilled, thereby reducing ambiguity and potential disputes.
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Reference Period. As of any date of determination, the period of four (4) consecutive fiscal quarters of the Borrower and its Subsidiaries ending on such date, or if such date is not a fiscal quarter end date, the period of four (4) consecutive fiscal quarters most recently ended (in each case treated as a single accounting period).
Reference Period. The Reference Price has been established in accordance with the economic conditions prevailing for ***** as defined by CFM International by the Reference *****.
Reference Period. There are 2 reference periods:
a) First period: from January 1 to June 30.
b) Second period: from July 1 to December 31.
Reference Period. The above Reference Price has been established in accordance with the averaged economic conditions prevailing in *****, as defined, according to INTERNATIONAL AERO ENGINES by the ECIb and ICb, index values indicated in Clause 3.4. hereof.
Reference Period. The above Reference Price has been established in accordance with the economical conditions prevailing for a theoretical delivery in [***] as defined by CFM INTERNATIONAL by the Reference Composite Price Index (CPIb) of [***].
Reference Period. The Reference Price has been established in accordance with the average economic conditions *****, as defined, according to International Aero Engines by the ECIb and ICb index values indicated in Paragraph 4 of this Exhibit H-1.
Reference Period. As of any date of determination, the period of four (4) consecutive fiscal quarters of the Borrower and its Subsidiaries ending on the last day of any fiscal quarter, treated as a single accounting period.
Reference Period. The above Reference Price has been established in accordance with the *** as defined according to ROLLS ROYCE, by the *** values indicated in Clause 4 of this Exhibit C.
Reference Period. The above Reference Price has been established in accordance with the average economic conditions prevailing in December 1999, January 2000, February 2000 (delivery conditions January 2001), as defined according to ROLLS ROYCE, by the ECIb, MMPb, EPb index values indicated in Clause 4 of this Exhibit C.
Reference Period. The period of (a) four (4) consecutive fiscal quarters of the Borrower ending on the relevant date or (b) until four (4) full fiscal quarters of the Borrower have elapsed after September 30, 2000, such shorter period of one, two or three full fiscal quarters elapsed since September 30, 2000 with the relevant amount applicable to such shorter period annualized for the period of four (4) consecutive fiscal quarters for which the applicable covenant or test calculation is being performed by multiplying such relevant amount by a fraction whose numerator is four (4) and whose denominator is the actual number of elapsed full fiscal quarters.