Gas Year Y definition

Gas Year Y means the period beginning on 1 October of a specified Gas Year and ending on 1 October of the immediately following year;
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Examples of Gas Year Y in a sentence

  • Interconnector shall update and publish the balance of the Net OS Revenue Account during the course of Gas Year Y and after the end of Gas Year Y, shall calculate the closing balance for Gas Year Y.

  • IUK shall update and publish the balance of the Net OS Revenue Account during the course of Gas Year Y and after the end of Gas Year Y, shall calculate the closing balance for Gas Year Y.

  • Where the balance of the Net OS Revenue Account is lower than the Maximum Deficit IUK will implement Forced Buy-back pursuant to Section C paragraph 3.2. IUK shall update and publish the balance of the Net OS Revenue Account during the course of Gas Year Y and after the end of Gas Year Y, shall calculate the closing balance for Gas Year Y.

  • The PSA uses the total forecast capacity, volumes and FRRs to calculate the Forecast Postalised Charges (for the next five Gas Years) in advance of publication by the Transporter by the 31st May prior to the start of the new Gas Year, Y.

  • Payable Exit Capacity Price” in respect of Gas Year Y is the Forecast Postalised Annual Capacity Charge for Gas Year Y as determined in accordance with the Licence and the Charging Methodology Statement.

  • Planned Maintenance 5.2.1 Before September of Gas Year Y, IUK shall notify the Shippers of the proposed number of Maintenance Days during which IUK shall carry out planned maintenance of the Transportation System during Gas Year Y+1 and the corresponding estimated reductions of Registered Capacity (the “Annual Planned Maintenance”).

  • In general terms then, the formula below is used to calculate the reconciliation payment for each individual Non Annual Capacity Product bought in each Auction: Capacity Reconciliation Payment for Non Annual Capacity = Reconciliation unit charge for Non Annual Capacity Product x quantity of Non Annual Capacity bought; where the total Capacity Reconciliation Payment for Non Annual Capacity is the sum of these amounts for each quantity of Non Annual Capacity bought for use in Gas Year Y.

  • If the closing balance of the Net OS Revenue Account for Gas Year Y is positive IUK shall determine the amount of that balance using the Net Revenue Share that will be distributed amongst all IUK Shippers pro-rata to each IUK Shipper’s share of the total flows of Natural Gas in Gas Year Y at an Entry Point or an Exit Point and the invoice issued by IUK to the IAA Shipper immediately following such determination shall reflect the pro-rated share for such IAA Shipper.

  • In each Gas Year (Y) we (WWU) will invite Interruption Offers by Users in respect of each of Gas Year Y+4 to Y+8 inclusive (each a separate Interruptible Period) by way of an Annual Interruption Invitation.

  • Users will be able to bid for such rights in August of Gas Year Y for Gas Years Y+1, Y+2 and Y+3 via annual auctions, with such bid prices not being less than the annual reserve price;⮚ "Daily NTS Exit (Flat) Capacity" - Firm NTS Exit (Flat) Capacity which may be applied for and registered as held by a User for a Gas Day only.

Related to Gas Year Y

  • 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.

  • Energy year or "EY" means the 12-month period from June 1st

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

  • One-hundred-year flood means a flood having a one per cent chance of being equaled or exceeded in any given 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.

  • Base Year Value means the assessed value of eligible property January 1 preceding the execution of the agreement plus the agreed upon value of eligible property improvements made after January 1 but before the execution of the agreement.

  • 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;

  • Royalty Year means, (i) for the year in which the First Commercial Sale occurs (the “First Royalty Year”), the period commencing with the first day of the Calendar Quarter in which the First Commercial Sale occurs and expiring on the last day of the Calendar Year in which the First Commercial Sale occurs and (ii) for each subsequent year, each successive Calendar Year.

  • Plan Year(s means the approximate twelve-month periods between annual meetings of the shareholders of the Company, which, for purposes of the Plan, are the periods for which annual retainers are earned.

  • 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.

  • Final Average Compensation means the aggregate amount of a member's compensation earned within the averaging period in which the aggregate amount of compensation was highest divided by the member's number of years, including any fraction of a year, of credited service during the averaging period. The averaging period shall be 36 consecutive calendar months if the member contributes to the member investment plan except for a member who contributes to the member investment plan and first became a member on or after July 1, 2010; otherwise, the averaging period shall be 60 consecutive calendar months. A member who contributes to the member investment plan and first became a member on or after July 1, 2010 shall also have an averaging period of 60 consecutive calendar months. If the member has less than 1 year of credited service in the averaging period, the number of consecutive calendar months in the averaging period shall be increased to the lowest number of consecutive calendar months that contains 1 year of credited service.

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

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

  • SOFR Compounded Index means the Compounded SOFR rate as published at 15:00 (New York time) by Federal Reserve Bank of New York (or a successor administrator of SOFR) on the website of the Federal Reserve Bank of New York, or any successor source; and

  • Average Annual Compensation shall be an amount equal to the annual average of the sums of (x) the Executive’s annual Base Salary from the Company plus (y) the amount of Incentive Awards accrued by TNS for the Executive, in each case for the three calendar years that ended immediately before (or, if applicable, coincident with) the Change in Control Date;

  • Calendar Year means each successive period of twelve (12) calendar months commencing on January 1 and ending on December 31, except that the first Calendar Year of the Term shall commence on the Effective Date and end on December 31 of the year in which the Effective Date occurs and the last Calendar Year of the Term shall commence on January 1 of the year in which the Term ends and end on the last day of the Term.

  • Contract Quarter means a three-month period that commences on January 1, April 1, July 1 or October 1 and ends on March 31, June 30, September 30, or December 31, respectively.

  • Anniversary Year The one-year period beginning on the Closing Date and ending on the first anniversary thereof, and each subsequent one-year period beginning on the day after the end of the preceding Anniversary Year and ending on next succeeding anniversary of the Closing Date.

  • Sales Year means the calendar year during which the Company sold Cigarettes in a Beneficiary State requiring the deposit of QEF Principal.

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

  • 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.

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

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

  • Quarterly (1/Quarter) sampling frequency means the sampling shall be done in the months of March, June, August, and December, unless specifically identified otherwise in the Effluent Limitations and Monitoring Requirements table.

  • Projected Annual Benefit means the annual retirement benefit (adjusted to an actuarially equivalent straight life annuity if such benefit is expressed in a form other than a straight life annuity or qualified joint and survivor annuity) to which the Member would be entitled under the terms of the plan assuming:

  • Limitation Year means the Plan Year.