Annual Assessment Period definition

Annual Assessment Period means within the period:
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Annual Assessment Period means the 12 month period, October 1 through September 30, and includes two six month sample periods (October through March and April through September).
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Examples of Annual Assessment Period in a sentence

  • The first monthly payment of the Annual Assessment for each such Unit will be an amount equal to the monthly payment for the Annual Assessment Period in progress on such commencement date, divided by the number of days in the month of conveyance, and multiplied by the number of days .

  • In order to secure payment of any Service Credits that may be due, Recipient shall provide to the Trust one or more surety bonds or letters of credit (each a “Service Credit Surety Bond” or “Service Credit LOC,” as the case may be) payable to the Trust in amounts equal to Recipient’s maximum potential Service Credit liability over the Project term and guaranteeing payment of the Service Credit assessed, if any, for each Annual Assessment Period.

  • Although the Annual Assessment is calculated on a yearly basis for the Annual Assessment Period, each Owner of a Unit will be obligated to pay to the Association or its designated agent such Assessment in advance in monthly, quarterly, semi-annual or annual installments as established by the Board.

  • Testing Administration Windows: “Testing Administration Windows” as used in this SLA shall refer to the mutually agreed upon period of time for administration of assessments during an Annual Assessment Period.

  • The Service Credit that may be calculated, assessed, and collected for any one Annual Assessment Period pursuant to this provision shall be limited to a maximum amount of $40,000 (the “Maximum Annual Service Credit”).

  • The three Testing Administration Windows during an Annual Assessment Period include: (1) Fall/Winter Block, (2) Traditional Year, and (3) Spring Block.

  • Annual fixed pricing will be based on the Per Student and Per Test Pricing established by the PARCC Student Assessment Volume Tiers for an Annual Assessment Period.

  • A lien and equitable charge as herein provided for each Assessment installment shall attach simultaneously as the same will become due and payable, and if an Assessment installment has not been paid as aforesaid, the entire unpaid balance of the Assessment installments for the Annual Assessment Period then in effect remaining to be paid during the fiscal year may be accelerated by the option of the Board and be declared due and payable in full.

  • The Service Credit that may be calculated, assessed, and collected for any one Annual Assessment Period pursuant to this provision shall be limited to a maximum amount of $19,200 (the “Maximum Annual Service Credit”).

  • The Trust is entitled to an annual Service Credit of 100% of the Maximum Quarterly Service Credit for the fourth quarter of an Annual Assessment Period in the event that Recipient fails to achieve the annual charging port minimum uptime standard described in Rider A, Section B(1)(c).

Related to Annual Assessment Period

  • Assessment year means the period of twelve months commencing on the 1st day of April every year;

  • Annual Period means each twelve (12) month period commencing on the Effective Date and, thereafter, on each anniversary of the Effective Date.

  • Assessment Date means the tax assessment effective date for each tax year in question,i.e. December 31 of the immediately preceding calendar year.

  • lump sum payment period means the period measured in weeks of salary, for which payment has been made to facilitate the transition to retirement or to other employment as a result of the implementation of various programs to reduce the size of the Public Service. The lump sum payment period does not include the period of severance pay, which is measured in a like manner.

  • Program Year means the annual period beginning January 1 and ending December 31.

  • Annual Accounting Period or “Financial Year” means the period commence on 1st July and shall end on 30th June of the succeeding calendar year.

  • Year means a calendar year.

  • Payment Period means the three months following each Collection Quarter.

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

  • Three-Year Period means, with respect to a Restatement, the three completed fiscal years immediately preceding the date that the Board, a committee of the Board, or the officer or officers of the Company authorized to take such action if Board action is not required, concludes, or reasonably should have concluded, that the Company is required to prepare such Restatement, or, if earlier, the date on which a court, regulator or other legally authorized body directs the Company to prepare such Restatement. The “Three-Year Period” also includes any transition period (that results from a change in the Company’s fiscal year) within or immediately following the three completed fiscal years identified in the preceding sentence. However, a transition period between the last day of the Company’s previous fiscal year end and the first day of its new fiscal year that comprises a period of nine to 12 months shall be deemed a completed fiscal year.

  • Contract Year means each period of twelve (12) consecutive months during the Initial Term of this Agreement, with the first Contract Year commencing on the Effective Date, and with each subsequent Contract Year commencing on the anniversary of the Effective Date.

  • Project Year means the twelve-month period beginning from the Effective Date and ending twelve months thereafter (the First Project Year), and any twelve-month period beginning at the end of the First Project Year, or the end of subsequent Project Years;

  • Semi-annual (2/Year) sampling frequency means the sampling shall be done during the months of June and December, unless specifically identified otherwise.