Rolling 12 Month Period definition
Rolling 12 Month Period means, as of the end of any Month, the average of the Monthly Availabilities from and including the first Month in the twelve (12) consecutive Months during the Delivery Period ending with such Month to and including such Month; provided, however, that the Availability during any Month not within the Delivery Period shall be disregarded for this purpose, and for the first Contract Year there shall be no measurement of the Rolling 12 Month Availability until the end of the sixth (6th) Month of such Contract Year, at which time and thereafter for the remainder of the first Contract Year, the average shall be determined based on the actual number of Months then elapsed during the Delivery Period.
Rolling 12 Month Period means, as of the end of any month during the Delivery Term, the twelve (12)-month period that includes such month and the preceding eleven (11) months that occurred during the Delivery Term, except that, during the first contract year, the measurement of the Rolling 12 Month Period will begin at the end of the sixth (6th) full month of such contract year, at which time and thereafter for the remainder of the first contract year.
Rolling 12 Month Period means, as of the end of any Month, the average of the Monthly Availabilities from and including the first Month in the twelve (12) consecutive Months during the Delivery Period ending with such Month to and including such Month; provided, however, that the Availability during any Month not within the Delivery Period shall be disregarded for
Examples of Rolling 12 Month Period in a sentence
The Company will not at any time permit Consolidated Net Debt at the end of each Quarterly Period to exceed Annualised Quarterly Consolidated EBITDA for that Rolling 12 Month Period by [—] times or more.
Maximum Equivalent Force Majeure Hours The maximum number of Equivalent Force Majeure Hours excluded from the calculation of actual Capacity Availability is 120 in a Rolling 12 Month Period for the one year Delivery Term and 240 in a Rolling 12 Month Period for the extended Delivery Term.
Maximum Equivalent Force Majeure Hours The maximum number of Equivalent Force Majeure Hours excluded from the calculation of actual Capacity Availability is 360 in a Rolling 12 Month Period for the one year Delivery Term.
More Definitions of Rolling 12 Month Period
Rolling 12 Month Period means a 12-month period measured backward from the first day that an employee takes unpaid Family and Medical Leave; each time an employee takes Family and Medical Leave the remaining leave entitlement would be any balance of the leave hours which has not been used during the immediately preceding 12 months.
Rolling 12 Month Period means the 365 (or 366 where applicable) days immediately preceding any day the employee takes leave.
Rolling 12 Month Period means, as of the end of any Month, the period from and including the first Month in the twelve (12) consecutive Months during the Delivery Period ending with such Month to and including such Month, provided, however, that any Month not within the Delivery Period shall be disregarded, and for the first Contract Year such period shall be based on the actual number of Months elapsed during the Delivery Period.
Rolling 12 Month Period means the method of calculating available FMLA leave, whereby the District looks back at the 12 month period preceding the first day the employee uses FMLA leave to determine what portion of the requisite 12 work- weeks of FMLA leave is still available. If the employee used any FMLA leave during the previous 12 month period measured from the first day the employee uses FMLA leave, the employee will be eligible only for any remaining portion of the 12 workweeks of leave.
Rolling 12 Month Period means (i) each period of twelve (12) consecutive months during the Term of this Agreement, and (ii) each period shorter than twelve (12) months commencing on the date hereof and ending on the Exercise Date referred to in Section 2.5 or on the day before the beginning of each Rolling 12-Month Period commencing after the first anniversary of this Agreement. A new Rolling 12-Month Period shall begin on each day of the Term and end on the day before the corresponding day of the next year.
Rolling 12 Month Period means, as of the end of any month during the CGS Term, the twelve (12)-month period that includes such month and the preceding eleven (11) months that occurred during the CGS Term, provided that, for the first eleven (11) months of the CGS Term, the Rolling 12 Month Period means all months then elapsed in the CGS Term through the end of such month.
Rolling 12 Month Period means, as of the end of any month during the Delivery Term, the twelve (12)-month period that includes such month and the preceding eleven (11) months that occurred during the Delivery Term, provided that, for the first contract year, the measurement of the Rolling 12 Month Period will begin at the end of the sixth (6th) month of such contract year, at which time and thereafter for the remainder of the first contract year, the Rolling 12 Month Period will be determined using the months then elapsed in the Delivery Term; bankruptcy, dissolution or liquidation of Seller; failure to provide or maintain required credit support; failure of the resulting, surviving or transferee entity in a merger or sale of all or substantially all of the assets of Seller to assume such party’s obligations under the Definitive Agreement; assignment by Seller of the Definitive Agreement, including by merger, consolidation or sale of all or substantially all of its assets, except as permitted by the Definitive Agreement; Seller sells, assigns or otherwise transfers, or commits to sell, assign or otherwise transfer, the capacity, capacity-related benefits, energy or ancillary services that are subject to the Definitive Agreement, or any portion thereof, to any person other than Buyer; Seller makes any material misrepresentation or material omission in any availability report, metering report or invoice required to be made or furnished by Seller pursuant to the Definitive Agreement or Seller’s actual fraud, tampering with Buyer-owned facilities or material intentional misrepresentation or misconduct in connection with the Definitive Agreement or operation of the Facility; default of Seller under any agreements relating to indebtedness for borrowed money in excess of a specified aggregate amount; default of Seller under, or failure to maintain in effect, any project document (including the electric interconnection agreement, any transmission service agreement and the gas interconnection arrangements); Seller’s abandonment of operation of the Facility (or any portion thereof affecting its obligations under the Definitive Agreement); the commencement of the Delivery Term is delayed as a result of the occurrence of one or more Delivery Delay Conditions for a period of six (6) months or more from the date that the Delivery Term would have commenced without the occurrence thereof; and Seller’s failure to maintain in effect any agreement required to deliver energy to the Energy Delivery P...