Subject Year definition
Examples of Subject Year in a sentence
Budget and Actual (period being audited compared to the previous year, e.g. columns should be (Subject Year) Budget, (Subject Year) Actual, Variance, (Previous Year) Budget, (Previous Year), Actual, Variance).
Payment for the Annual Shortfall Tonnage shall be made by Mittal in the form of a lump sum cash payment no later than the last business day in December of the Subject Year.
Without regard to when assignment into stockpile occurs during the Subject Year, all of the Annual Shortfall Tonnage for a Subject Year shall be subject to the Contract Price in effect for the Subject Year.
Mittal shall have no obligation to pay for any portion of the Annual Shortfall Tonnage that is not assigned into stockpile during the Subject Year.
Such lump sum payment shall be equal to the product of the (i) Contract Price in effect for the Subject Year multiplied by (ii) the Annual Shortfall Tonnage, less tonnage that was not assigned into stockpile for ▇▇▇▇▇▇’▇ account.