Twelve month rolling period definition

Twelve month rolling period or “12-month rolling period” means a period of twelve consecutive months determined on a rolling basis with a new 12-month period beginning on the first day of each calendar month.
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Examples of Twelve month rolling period in a sentence

  • For the purposes of this Chapter, words and terms used herein shall be interpreted as follows: ANNUAL TERM – Twelve month rolling period in which an application is valid.BEDROOM - A room or space permitted and designed to be used for sleeping purposes with two means of egress.

Related to Twelve month rolling period

  • Billing Period means (subject to Article 6.1 of the Agreement) the calendar month ending with the Metering Date. The first Billing Period shall commence from the Commercial Operation Date and end with the Metering Date corresponding to the month in which the Commercial Operation Date occurs.

  • Month means calendar month.

  • Contract Year means each period of twelve (12) consecutive months during the Initial Term of this Agreement, with the first Contract Year commencing on the Effective Date, and with each subsequent Contract Year commencing on the anniversary of the Effective Date.

  • Calendar Year means each successive period of twelve (12) calendar months commencing on January 1 and ending on December 31, except that the first Calendar Year of the Term shall commence on the Effective Date and end on December 31 of the year in which the Effective Date occurs and the last Calendar Year of the Term shall commence on January 1 of the year in which the Term ends and end on the last day of the Term.

  • Quarter means a calendar year quarter commencing on 1 January, 1 April, 1 July or 1 October.

  • Year means a calendar year.