Quarterly Period definition

Quarterly Period means each period of three (3) consecutive months ending on March 31, June 30, September 30, and December 31.

Quarterly Period the period of three months commencing on 1 January, 1 April, 1 July and 1 October.

Quarterly Period means any of the First Quarterly Period, the Second Quarterly Period, the Third Quarterly Period and the Fourth Quarterly Period; provided, however, that if there is a change in the periods applicable to payments of estimated federal income taxes by natural persons, then the Quarterly Period determinations hereunder shall change correspondingly such that the Partnership is required to make periodic Tax Distributions under Section 7.3 at the times and in the amounts sufficient to enable a Partner to satisfy such payments in full with respect to amounts allocated pursuant to the provisions of Article VI (other than Section 6.2(d)), treating the Partner’s Presumed Tax Liability with respect to the relevant Quarterly Period (as such Quarterly Period is changed as provided above) as the amount of the Partner’s actual liability for the payment of estimated federal income taxes with respect to such Quarterly Period (as so changed).

Examples of Quarterly Period in a sentence

• For the Quarterly Periods from June through August and from September through November, the quantity of RECs that are eligible for payment shall be equal to the multiplicative product of: (a) the percent of Actual Nameplate Capacity that has been Subscribed as observed on the first Business Day of June and (b) the RECs that have been Delivered from such Designated System during the applicable Quarterly Period.

• Subject to Section 5.2, the following shall apply for purposes of payment: If the Designated System is a Distributed Renewable Energy Generation Device, then the invoice amount shall reflect the multiplicative product of (i) the Contract Price and (ii) the REC quantity that is Delivered during the applicable Quarterly Period that has just concluded.

• Once payment has occurred, the Surplus RECs that have been paid shall cease to be Surplus RECs. For avoidance of doubt, the first Quarterly Period in a Delivery Year shall be the Quarterly Period from June through August and shall be associated with the Invoice Due Date of the tenth (10th) day of October; and the last Quarterly Period in a Delivery Year shall be the Quarterly Period starting from March through May and shall be associated with the Invoice Due Date of the tenth (10th) day of July.

• If the Designated System is a Community Renewable Energy Generation Project, then with respect to each of the invoices due on the tenth (10th) day of October and January, the invoice amount shall reflect the multiplicative product of (i) the Contract Price, (ii) the REC quantity that is Delivered during the applicable Quarterly Period that has just concluded, and (iii) the percent of the Actual Nameplate Capacity that is Subscribed on the first Business Day of June of the Delivery Year.

• No more than one (1) invoice will be processed for payment per Quarterly Period.

More Definitions of Quarterly Period

Quarterly Period means the most recently-ended three (3) calendar month period for which the Borrower has provided financial information pursuant to Sections 6.01(a) or (b).

Quarterly Period means, with respect to a Quarterly Payment Cycle, the following quarterly periods: (a) with respect to Payment Cycle A, the quarterly periods of January through March, April through June, July through September and October through December; (b) with respect to Payment Cycle B, the quarterly periods of February through April, May through July, August through October and November through January; and (c) with respect to Payment Cycle C, the quarterly periods of March through May, June through August, September through November and December through February.

Quarterly Period means a period of three calendar months

Quarterly Period means, with respect to a Delivery Year, the quarterly periods of

Quarterly Period means a full calendar-year quarter ending each March 31, June 30, September 30 and December 31; provided, however, that the first Quarterly Period after the Effective Date shall be deemed to run from the Effective Date through September 30.

Quarterly Period means: at the start of application of the Protocol, the period between the date of its entry into force and the date of the start of the next quarter, a quarter having to begin on 1 January, 1 April, 1 July or 1 October; then, each complete quarter; at the end of application of the Protocol, the period between the end of the last full quarter and the date of expiry of the Protocol.

Quarterly Period means the three-month periods ending each April 1, July 1, October 1 and January 1; provided that the first Quarterly Period shall commence on the Effective Date and end on the last day of the calendar quarter in which the Effective Date occurs.