Base Period definition

Base Period means (i) the test period ending December 31, 2010 (or, if the Commission has elected to stagger its biennial reviews of utilities as provided in subdivision 1, the test period ending December 31, 2010, for a Phase I Utility, or December 31, 2011, for a Phase II Utility), or (ii) the most recent test period with respect to which credits have been applied to customers' bills under the provisions of this subdivision, whichever is later.

Base Period means a cumulative rolling period of twelve (12) months ending one month prior to the month of prorationing.

Base Period means the base period as defined by the applicable State law for the benefit year.

Examples of Base Period in a sentence

• Each time a Borrowing Base Period commences after the Effective Date, the Borrower will, and will cause each other Credit Party, to comply with the requirements of this Section 8.07 that apply during a Borrowing Base Period within 90 days (or such longer time as the Administrative Agent may agree in its sole discretion) following the commencement of such Borrowing Base Period.

• The Administrative Agent and the Lenders shall be named as additional insured in respect of such liability insurance policies, and, during a Borrowing Base Period, the Administrative Agent, on behalf of the Lenders, shall be named as lender loss payee with respect to Property loss insurance covering Collateral and such policies shall provide that the Administrative Agent shall receive thirty (30) days’ notice of cancellation or non-renewal.

• For the avoidance of doubt, upon the termination of any Investment Grade Period, a Borrowing Base Period shall automatically commence and an Interim Redetermination shall occur in accordance with the procedures set forth in this Section 2.06.

• If at any time the Aggregate Maximum Credit Amounts, the Elected Loan Limit or the Borrowing Base (solely during a Borrowing Base Period) are terminated or reduced to zero, then the Commitments shall terminate on the effective date of such termination or reduction.

More Definitions of Base Period

Base Period means the twelve-Month period beginning thirteen (13) Months prior to the Proration Month and excluding the Month preceding the Proration Month. If Carrier has been in operation less than twelve (12) Months, then the Base Period shall be number of Months during which the Carrier has been in operation, excluding the Month preceding the Proration Month.

Base Period means the first four (4) of the last five

Base Period means (i) the test period ending December 31, 2010 (or, if the Commission has elected

Base Period means the 12 calendar month period beginning 13 months prior to the Proration Month and excluding the month preceding the Proration Month.

Base Period means the last twelve months of the prior occupancy. In the event that the Premises have never been previously occupied, the premiums during the "Base Period" shall be deemed to be the lowest premiums reasonably obtainable for said insurance assuming the most nominal use of the Premises. Provided, however, in lieu of the Base Period, the parties may insert a dollar amount at the end of this sentence which figure shall be considered as the insurance premium for the Base Period: $ N/A. In no event, however, shall Lessee be responsible for any portion of the premium cost attributable to liability insurance coverage in excess of $1,000,000 procured under paragraph 14.2.

Base Period means the fiscal years used for calculation of the prospective payment rates including base amounts and relative weights.

Base Period means the first four of the last five completed calendar quarters immediately preceding the first day of the individual's benefit year.