Adjustment Month definition

Adjustment Month is defined and shall have the meaning specified in the Basic Lease Information.
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Adjustment Month means the thirteenth (13th) month and each successive twelve (12) month period thereafter throughout the Lease Term commencing with the first full calendar month following the Commencement Date (i.e. 25th, 37th, 49th month, etc.), and each successive twelve (12) month period throughout any applicable Extension Term(s) (i.e. 13th, 25th, 37th month, etc.).
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Adjustment Month as used herein shall mean any one of the Adjustment Months.
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Examples of Adjustment Month in a sentence

  • The difference shall be reconciled in the next calendar month following its determination (the “Adjustment Month”) by adjusting the NGS’s Daily Available Volume of each day in the Adjustment Month by an amount equal to the difference divided by the number of days in the Adjustment Month or by other methods as made available by the Company, including, but not limited to, selling or purchasing additional supplies, transferring gas in storage, or pool-to-pool transfer.

  • The volumetric discrepancy between the actual local gas aggregation volumes and the local gas aggregation nominations will be reconciled in the Adjustment Month by adjusting the aggregator’s monthly available volume in the adjustment month.

  • If any such adjusted Differentials are agreed to prior to the second-to-last Business Day of such Scheduled Differential Adjustment Month, the Parties will promptly confirm such agreement in writing, and such adjusted Differential shall become applicable for purposes of determining the Product Benchmarks starting with the immediately following month.

  • If any such adjusted Differentials are agreed to prior to the second-to-last Business Day of such Optional Differential Adjustment Month, the Parties will promptly confirm such agreement in writing, and such adjusted Differential shall become applicable for purposes of determining the Product Benchmarks starting with the immediately following month.

  • The adjustment will be calculated in accordance with the following formula only when the percent change of price indexes is five or greater:PA = [Ic - Ib] x TWhere,PA = Price Adjustment for Adjustment Month Ib = Basic Bituminous Material IndexIc = Monthly Bituminous Material IndexT = Tons bituminous material for Adjustment Month Price adjustment will be applied to all asphalt cement, asphalt emulsion, or bituminous material used for paving on this project.

  • In this Schedule, the following definitions are used Adjustment Month the month during which the middle day of the Adjustment Period occurred (if the Adjustment Period is an even number of days the last day is not to be counted) Adjustment Period the period during which the works occurred that correspond to the relevant Certificate.

  • For each Lease Year after the first Lease Year, the "Adjustment Month" is the ninth calendar month of the then preceding Lease Year.

  • The difference shall be reconciled in the next calendar month following its determination (the “Adjustment Month”) by adjusting the NGS’s Daily Available Volume of each day in the Adjustment Month by an amount equal to the difference divided by the number of days in the Adjustment Month or by other methods as made available by the Company.

  • The Base Rent shall be increased by three percent (3%) commencing on the first day of each Adjustment Month.

  • Any such adjusted Product Differentials shall become applicable commencing with the month immediately following such Differential Adjustment Month.


More Definitions of Adjustment Month

Adjustment Month has the meaning ascribed thereto in Section 3.02. “Administrative Services” has the meaning ascribed thereto in Section 2.06.
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Adjustment Month means the first full calendar month next following a thirty (30)-day notice to Tenant by Landlord of the Base Rent for the current Lease Year. In no event shall Base Rent for any Lease year be lower than the Base Rent for the previous Lease Year.
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Adjustment Month means the first full calendar month next following a thirty (30)-day notice by Landlord of the CPI Increase for the Lease Year. Landlord shall notify Tenant of the CPI Increase and the new Base Land Rent no later than ninety (90) days after each CPI Increase Date. If Landlord fails to notify Tenant of the CPI Increase Amount within ninety (90) days after an applicable CPI Increase Date, such fact shall be deemed a waiver by Landlord of its right to the CPI Increase Amount for such Lease Year.
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Adjustment Month has the meaning ascribed thereto in Section 3.02;
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Related to Adjustment Month

  • Adjustment Date As to each Adjustable Rate Mortgage Loan, each date on which the related Mortgage Rate is subject to adjustment, as provided in the related Mortgage Note.

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

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

  • Adjustment Day means the first calendar day in each month.

  • Adjustment Spread means either a spread (which may be positive or negative), or the formula or methodology for calculating a spread, in either case, which the Independent Adviser determines and which is required to be applied to the Successor Rate or the Alternative Rate (as the case may be) to reduce or eliminate, to the fullest extent reasonably practicable in the circumstances, any economic prejudice or benefit (as the case may be) to Noteholders as a result of the replacement of the Original Reference Rate with the Successor Rate or the Alternative Rate (as the case may be) and is the spread, formula or methodology which:

  • Payment month means, for all programs except EA, the calendar month for which benefits are issued.

  • 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.

  • 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;

  • Adjustment ratio means the value of index A divided by index

  • 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.

  • SNB Adjustment Spread means, with respect to the SNB Policy Rate, the spread to be applied to the SNB Policy Rate in order to reduce or eliminate, to the extent reasonably practicable under the circumstances, any economic prejudice or benefit (as applicable) to Noteholders as a result of the replacement of the Swiss Average Rate Overnight with the SNB Policy Rate for purposes of determining SARON, which spread will be determined by the Calculation Agent, acting in good faith and a commercially reasonable manner, taking into account the historical median between the Swiss Average Rate Overnight and the SNB Policy Rate during the two year period ending on the date on which the SARON Index Cessation Event occurred (or, if more than one SARON Index Cessation Event has occurred, the date on which the first of such events occurred).

  • Total Monthly Excess Spread As to any Distribution Date, an amount equal to the excess if any, of (i) the interest on the Mortgage Loans received by the Servicer on or prior to the related Determination Date or advanced by the Servicer for the related Remittance Date (net of Expense Fees) over (ii) the sum of the amounts payable to the Certificates pursuant to Section 4.02(a)(i) on such Distribution Date.

  • Average Monthly Limit means the maximum allowable "Average Monthly Concentration" as defined in Section 22a-430-3(a) of the RCSA when expressed as a concentration (e.g. mg/l); otherwise, it means "Average Monthly Discharge Limitation" as defined in Section 22a-430-3(a) of the RCSA.

  • Adjustment Payment means, in respect of any Security, the payment (if any) determined by the Determination Agent as is required in order to reduce or eliminate, to the extent reasonably practicable, any transfer of economic value to or from the Issuer as a result of the replacement of the Index by the Alternative Pre-nominated Index. The Determination Agent may determine that the Adjustment Payment is zero.

  • Adjustment Price means the lowest Underlying Price within the Adjustment Period after the Underlying Price is for the first time equal to or below the Adjustment Threshold.

  • Calculation Period means the period from and including the seventh scheduled Index Business Day prior to the Stated Maturity to and including the second scheduled Index Business Day prior to the Stated Maturity.

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

  • XXXXX Adjustment means, with respect to XXXXX, 0.0326% per annum.

  • Proration Month means the month for which capacity is to be allocated under Item 7.

  • 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.

  • Adjusted One Month LIBOR Rate means, an interest rate per annum equal to the sum of (i) 1.00% per annum plus (ii) the Adjusted LIBO Rate for a one month Interest Period on such day (or if such day is not a Business Day, the immediately preceding Business Day); provided that, for the avoidance of doubt, the Adjusted LIBO Rate for any day shall be based on the Screen Rate at approximately 11:00 a.m. London time on such day.

  • 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.

  • Volume Weighted Average Price means, for any security as of any date, the daily dollar volume-weighted average price for such security on the Primary Market as reported by Bloomberg through its “Historical Prices – Px Table with Average Daily Volume” functions, or, if no dollar volume-weighted average price is reported for such security by Bloomberg, the average of the highest closing bid price and the lowest closing ask price of any of the market makers for such security as reported in the "pink sheets" by Pink Sheets LLC.

  • Mid-Month Receipt Period With respect to each Distribution Date, the one month period beginning on the Determination Date (or, in the case of the first Distribution Date, from and including the Cut-Off-Date) occurring in the calendar month preceding the month in which such Distribution Date occurs and ending on the day preceding the Determination Date immediately preceding such Distribution Date.

  • Adjustment Fraction shall have the meaning set forth in Section 11(a)(i) hereof.

  • Prior Month Receipt Period With respect to each Distribution Date, the calendar month preceding the month in which such Distribution Date occurs.