Stub Year definition

Stub Year means that portion of the first Contract Year between the Effective Date and the last day of the Calendar Year then in progress;
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Stub Year means the period of time between the Commercial Operation Date and December 31 of the same year;
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Stub Year has the meaning set forth in Section 6.07.
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Examples of Stub Year in a sentence

  • If the Parties are unable to mutually agree in writing, acting reasonably and in good faith, on the Forecasted Production Capacity for the calendar year that follows the Stub Year by the beginning of such new calendar year, the then-current calendar year’s Actual Production shall be used as the Forecasted Production Capacity for such subsequent calendar year.

  • At least 30 days prior to the end of the Stub Year, and at least 30 days prior to the end of each subsequent calendar year during the Term, the Parties shall, in good faith, discuss the Forecasted Production Capacity for the following calendar year.

  • As of the Phase 2 Cultivation Date, (i) subject to any adjustments as contemplated in Section 2.05, Buyer shall have the right, but not the obligation, to purchase up to the entire Buyer Option Amount over the course of the Stub Year and each applicable calendar year during the Term, and (ii) Buyer shall have the right to purchase 70% of the Actual Production in each calendar month.


More Definitions of Stub Year

Stub Year has the meaning set forth in Section 3.02(b).
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Stub Year means the period commencing on the Phase 2 Cultivation Date and ending on the last day of the calendar year in which the Phase 2 Cultivation Date occurs.
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Stub Year means that portion of the first Contract Year between the Effective Date and the last day of the Calendar Year then in progress;
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Stub Year means the taxation year of the REIT commencing on January 1, 2020 that will be deemed to end at the end of the Effective Date.
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Stub Year means the period between COD and the end of the calendar year, i.e. December 31, of the year during which COD is achieved. The Stub Year shall not be considered part of the 25-year term provided for in Section 2.2 of this Agreement.
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Stub Year means the period between the Commercial Operation Date and the end of the calendar year, i.e., December 31, of the year during which the Commercial Operation Date is achieved.
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Stub Year means the period commencing on the Effective Date and ending on December 31, 2014.
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