Monthly Actual Annualized Average definition

Monthly Actual Annualized Average means, as of date of determination, the aggregate amount of Conforming SNG purchased by Buyer since the beginning of the Contract Year in which such date of determination occurs through the end of the first full calendar month immediately preceding such date of determination, divided by the number of full calendar months that have elapsed in such Contract Year as of the date of determination.
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Examples of Monthly Actual Annualized Average in a sentence

  • If Seller fails to deliver the Buyer’s Allocated Percentage of the MCQ in any month, Seller may increase the Buyer’s Allocated Percentage of MCQ to the Buyer’s Allocated Percentage of the Increased MCQ for each succeeding month until the Buyer’s Allocated Percentage of Monthly Actual Annualized Average as of the beginning of any subsequent month is equal to or higher than the Buyer’s Allocated Percentage of the Monthly Annualized Average.

Related to Monthly Actual Annualized Average

  • Average monthly discharge limitation means the highest allowable average of "daily discharges" over a calendar month, calculated as the sum of all "daily discharges" measured during a calendar month divided by the number of "daily discharges" measured during that month. Compliance with fecal coliform bacteria or E coli bacteria limitations shall be determined using the geometric mean.

  • Average Annual Debt Service means, at the time of calculation, the sum of the Annual Debt Service for the remaining years of the loan to the last scheduled maturity of the loan divided by the number of those years.

  • 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.

  • Annual Percentage Rate or “APR” of a Receivable means the annual percentage rate of finance charges or service charges, as stated in the related Contract.

  • Average Annual Bonus means the average of the annual bonuses (if any) from the Company earned by the Executive with respect to the Bonus Fiscal Years during all or any portion of which the Executive was employed by the Company; and, provided, further, that, if the Executive was not employed by the Company during all or any portion of any of the Bonus Fiscal Years, “Average Annual Bonus” means zero.