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

  • In relation to an Annual Yearly Auction, the Auction shall start on the first Monday in July in the Auction Year; or, such other date as is specified in the Auction Calendar.

  • Auctions held (following the Rolling Day-Ahead Auction) on an hourly basis (as provided in paragraph 5.3) for each Day of the Auction Year, in respect of Daily Firm Interconnection Point Capacity for that Day ( “Within-Day Auctions”).

  • In relation to an Annual Yearly Auction, the Auction Date will be the first Monday in March in the Auction Year, or such other date as is specified in the Auction Calendar.

  • In relation to an Annual Quarterly Auction, the Auction Date will be the first Monday in June in the Auction Year, or such other date as is specified in the Auction Calendar.

  • These are: 40 For the avoidance of doubt where there are two adjacent Transporter IPs, the sum of the unbundled interconnected system exit capacity allocated to Users at both adjacent Interconnection Points will be considered.41 Published on an annual basis by ENTSOG for each Auction Year.

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

  • The Subscription Fee is an annual fee that entitles BBL-Shippers to take part in the capacity auctions of an 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.

  • 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.

  • 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.

Related to Auction Year

  • 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.

  • 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.

  • 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 With respect to any Mortgage Loan, the one year period commencing on the day succeeding the origination of such Mortgage Loan and ending on the anniversary date of such Mortgage Loan, and each annual period thereafter.

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

  • 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;

  • 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.

  • 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.