Auction Year definition

Auction Year means a year in which a Capacity Auction takes place commencing on the 1st of March and ending on the last day in February in the next calendar year or such other twelve month period as may be prescribed by ENTSOG from time to time;
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Auction Year means, when used in reference to an auction, the year in which the auction is held;
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Auction Year means the 12-Month period which starts at the start date of the Quarterly capacity that BBL Company offers for sale in the first ever auction of capacity in the Reverse Flow Direction, or at the anniversary of this start date.
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Examples of Auction Year in a sentence

  • If applicable, BBL Company will after the Auction Year send a correction invoice to all BBL- Shippers in order to reimburse any over recovery of the Subscription Fee related to this Auction Year.

  • Parties which get the status of BBL-Shipper at a later stage during a running Auction Year will have to pay the whole Subscription Fee.

  • The Subscription Fee amounts to Euro (€) 15,000 per BBL-Shipper per Auction Year.

  • This reimbursement will be calculated as follows: The amount of Months each party has had the status of BBL-Shipper during that Auction Year will be added up.

  • Annual Quarterly I.P Capacity Auction") which shall take place in each Auction Year in accordance with the ENTSOG Auction Calendar and at which Bundled IP Capacity and/or Unbundled IP Capacity may be made available for a duration which is Quarterly and separately in respect of each Quarter in the Gas Year which commences in that the Auction Year.

  • In the event that the total subscription fee revenues of BBL Company exceed Euro (€) 75,000 in an Auction Year, the revenues resulting from the subscription fee above Euro (€) 75,000 will after the Auction Year be proportionally reimbursed to the BBL-Shippers that have subscribed in that Auction Year.

  • Koppel, amounts in the “Option Awards” column represent 40,000 options granted in May 2022 at an exercise price of $0.50 per share, which vest in ratable monthly installments over one year from the date of grant.

  • In the event that the total subscription fee revenues of BBL Company exceed Euro (€) 120,000 in an Auction Year, the revenues resulting from the subscription fee above Euro (€) 120,000 will after the Auction Year be proportionally reimbursed to the BBL-Shippers that have subscribed in that Auction Year.

Related to Auction Year

  • Election Year means a year in which ordinary elections for local governments are required to be held;

  • Determination Year means the Plan Year for which testing is being performed, and the “look-back year” means the immediately preceding twelve (12) month period.

  • Vacation Year means the twelve (12) month period commencing on the first (1st) day of April in each calendar year and concluding on the thirty-first (31st) day of March of the following calendar year.

  • Termination Year means the calendar year in which the Employment Period is terminated.

  • Open Year has the meaning specified in Section 4.01(r)(iii).

  • transition year means the financial year of an issuer or business in which the issuer or business changes its financial year-end;

  • Allocation Year Means (i) the period commencing on the Closing Date and ending on December 31, 2006, (ii) any subsequent period commencing on January 1 and ending on the following December 31, or (iii) any portion of the period described in clause (ii) for which the Company is required to allocate Profits, Losses and other items of Company income, gain, loss or deduction pursuant to Article V.

  • taxation year means the calendar year to which an assessment roll applies for the purposes of taxation;

  • Compensation Year means a period of 12 months expiring 31 March in any year;

  • Limitation Year means the Plan Year.

  • Rate Year means July 1st of a given Calendar Year through June 30th of the succeeding Calendar Year.

  • Crop year means any 12 month period which represents the planting, growing, harvesting and marketing of an insurable crop, as stated in the Schedules;

  • Average Monthly Compensation means the quotient determined by dividing the sum of the Employee’s then current Base Salary (as defined in Section 4.1 hereof) and the greater of the most recently paid Incentive Compensation (as defined in Section 4.2 hereof) or the average of Incentive Compensation paid over the three most recent years by twelve.

  • Operating Year means the calendar year commencing January 1st of each year (including the calendar year within which the Commencement Date occurs) during the Term.

  • Plan Year means the calendar year.

  • Loan Year means each period of twelve (12) consecutive months commencing on the Closing Date and on each anniversary thereof.

  • relevant year means a year commencing at 00:00 hours on 1 April and ending at 23:59 hours on the following 31 March;

  • Auction Period means the dates during which the Test the Waters Auction is held and ending on the last day of the Test the Waters Auction.

  • Funding Year means in the case of the first Funding Year, the period commencing on the Effective Date and ending on the following March 31, and in the case of Funding Years subsequent to the first Funding Year, the period commencing on the date that is April 1 following the end of the previous Funding Year and ending on the following March 31;

  • Comparison Year is defined as each calendar year during the term of this Lease subsequent to the Base Year; provided, however, Lessee shall have no obligation to pay a share of the Operating Expense Increase applicable to the first twelve (12) months of the Lease Term (other than such as are mandated by a governmental authority, as to which government mandated expenses Lessee shall pay Lessee's Share, notwithstanding they occur during the first twelve (12) months). Lessee's Share of the Operating Expense Increase for the first and last Comparison Years of the Lease Term shall be prorated according to that portion of such Comparison Year as to which Lessee is responsible for a share of such increase.

  • Gas Year means the period of 365 or 366 Gas Days, as the case may be, beginning at October 1st at 06:00 hours (Belgian time) and ending at September 30th 06:00 hours (Belgian time) of the next year.

  • 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.

  • Registration year means the twelve-month period during which, under the laws of the base jurisdiction, the registration issued to a registrant by the base jurisdiction is valid.

  • Relevant Year t means the Financial Year for the purposes of which any calculation falls to be made; "Relevant Year t-1" means the Financial Year preceding Relevant Year t, and similar expressions shall be construed accordingly;

  • 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.

  • Accounting Year means the financial year commencing from the first day of April of any calendar year and ending on the thirty-first day of March of the next calendar year;