Prior Year Adjustment definition

Prior Year Adjustment shall have the meaning specified in the Ethylene Sales Agreement.
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Prior Year Adjustment shall have the meaning set forth in Section 5.3(a).
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Prior Year Adjustment means any adjustment to the Parties’ Cost Shares for a Fiscal Year prior to the current Fiscal Year, which may be made in accordance with Section 3.7 (Reconciliation of Prior Year Cost Shares) of this Agreement.
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Examples of Prior Year Adjustment in a sentence

  • Prior Year Adjustment (Row T) Row Q: Where a prior year adjustment needs to be recorded this should be entered here, and can be either positive or negative.

  • Prior Year Adjustment - Valuation: An independent valuation was undertaken by Australia Pacific Valuers, registered valuers, resulting in change to existing valuations effective as at 30 June 2007.

  • Additionally, the maximum prison term for crimes was reduced from 20 to 15 years.

  • In view of this we have made a Prior Year Adjustment to account for this, and the expenditure figures have been amended in the appropriate funds.

  • Prior Year Adjustment During the 2008/9 Financial year management made a decision to back-pay the salary increases for senior managers to January 2008.

  • Purchaser shall promptly remit to Sellers any Prior Year Adjustment payments received by Purchaser from Tenants.

  • Commutation Factor AdjustmentAs set out in Note 20, the impact of a Prior Year Adjustment in relation to a Commutation Factor Adjustment has been estimated by the Police Pensions Advisor.

  • There is also an adjustment of£301k of additional income to the carry forward figure for an Early Years Prior Year Adjustment.

  • The impact of removing £2.163M assets from the accounts is dealt with as a Prior Year Adjustment and reduces the overall Council Reserve by this amount, through Unusable Reserves, as highlighted in The Movement of Reserves.The main figure members will be interested remains unchanged and can be found in being the Movement in Reserves statement which details an in-year movement in the General Fund Summary of an increase of £8k giving a carrying total of £3,770k.

  • Note 7, Prior Year Adjustment demonstrates the impact of the new requirements on the comparative figures in the CIES.

Related to Prior Year Adjustment

  • True-Up Adjustment means any Annual True-Up Adjustment or Interim True-Up Adjustment, as the case may be.

  • SOFR Adjustment means 0.10% (10 basis points).

  • CPI Adjustment means the quotient of (i) the CPI for the month of January in the calendar year for which the CPI Adjustment is being determined, divided by (ii) the CPI for January of 2007.

  • XXXXX Adjustment means, with respect to XXXXX, 0.0326% per annum.

  • Term SOFR Adjustment means a percentage equal to 0.10% per annum.

  • Contract Term Adjustment means adjustment only as provided for in the three circumstances described in this Subsection. Under these circumstances, the contract term shall be adjusted in writing to include additional calendar days in one or more Normal Operating Seasons equal to the actual time lost, except as limited by paragraph (b) in this Subsection.

  • Equity Adjustment means the dollar amount resulting by subtracting the Book Value, as of Bank Closing, of all Liabilities Assumed under this Agreement by the Assuming Bank from the purchase price, as determined in accordance with this Agreement, as of Bank Closing, of all Assets acquired under this Agreement by the Assuming Bank, which may be a positive or a negative number.

  • Prior Year means the year commencing 1 April immediately prior to the relevant Charging Year;

  • 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.

  • Tax Adjustment has the meaning set forth in Section 4.7.

  • SOFR Adjustment Date means the second U.S. Government Securities Business Day before the first day of such Interest Period.

  • Post-Closing Adjustment has the meaning set forth in Section 2.04(b)(ii).

  • Spread Adjustment means 100 basis points.

  • Payment Adjustment Date With respect to each ARM Loan, the date on which the Borrower's Monthly Payment changes in accordance with the terms of the related Mortgage Note.

  • LIBOR Adjustment Date With respect to any Payment Date, the second business day before the related Accrual Period begins. For this purpose, a “business day” is a day on which banks are open for dealing in foreign currency and exchange in London, New York City and Washington, D.

  • Net Adjustment Amount means an amount, which may be positive or negative, equal to the Closing Net Working Capital as finally determined pursuant to this Section 2.9 minus the Preliminary Net Working Capital as set forth on the Preliminary Closing Statement;

  • Remaining Net Positive Adjustments means as of the end of any taxable period, (i) with respect to the Unitholders holding Common Units or Subordinated Units, the excess of (a) the Net Positive Adjustments of the Unitholders holding Common Units or Subordinated Units as of the end of such period over (b) the sum of those Partners’ Share of Additional Book Basis Derivative Items for each prior taxable period, (ii) with respect to the General Partner (as holder of the General Partner Units), the excess of (a) the Net Positive Adjustments of the General Partner as of the end of such period over (b) the sum of the General Partner’s Share of Additional Book Basis Derivative Items with respect to the General Partner Units for each prior taxable period, and (iii) with respect to the holders of Incentive Distribution Rights, the excess of (a) the Net Positive Adjustments of the holders of Incentive Distribution Rights as of the end of such period over (b) the sum of the Share of Additional Book Basis Derivative Items of the holders of the Incentive Distribution Rights for each prior taxable period.

  • Adjustment Year has the meaning ascribed to said phrase under Section 6225(d)(2) of the Code.

  • Adjustment Payment means, in respect of any Security, the payment (if any) determined by the Determination Agent as is required in order to reduce or eliminate, to the extent reasonably practicable, any transfer of economic value to or from the Issuer as a result of the replacement of the Index by the Alternative Pre-nominated Index. The Determination Agent may determine that the Adjustment Payment is zero.

  • Post-Closing Adjustment Amount has the meaning set forth in Section 1.9.3.

  • Post-Change Period means the period of time commencing on the date of the first occurrence of a Change in Control and continuing until the second anniversary of the occurrence of such Change in Control.

  • 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.

  • Adjustment Fraction shall have the meaning set forth in Section 11(a)(i) hereof.

  • Buy In Adjustment Amount shall have the meaning specified in Section 6.

  • Adjustment Price means the lowest Underlying Price within the Adjustment Period after the Underlying Price is for the first time equal to or below the Adjustment Threshold.

  • Tax Limitation Period means the Tax Years for which the Applicant’s Qualified Property is subject to the Tax Limitation Amount and as further identified in Section 2.3.D of this Agreement.