Twelve-Month Period means a twelve-month period ending on the first anniversary of the Effective Date or on each subsequent anniversary thereof.
Reference Month means the calendar month for which the level of the Inflation Index is reported as specified in the applicable Final Terms, regardless of when this information is published or announced, except that if the period for which the Relevant Level was reported is a period other than a month, the Reference Month shall be the period for which the Relevant Level is reported.
Month means calendar month.
Average monthly discharge limitation means the highest allowable average of "daily discharges" over a calendar month, calculated as the sum of all "daily discharges" measured during a calendar month divided by the number of "daily discharges" measured during that month. Compliance with fecal coliform bacteria or E coli bacteria limitations shall be determined using the geometric mean.
Billing Month is defined in Section 9.1(b).
Operating Month for a Shipper or Transferor means any calendar month in which Carrier either transports Crude Petroleum or recognizes and records a change in ownership of Crude Petroleum for the account of such Party. For purposes hereof the calendar month shall be deemed to begin at 7:00 a.m. (Central Time) on the first day of such month.
Preceding year means a period of 12 consecutive months fixed by the
Measurement Period shall have the meaning specified in Section 14.01(b)(i).
months shall be construed in accordance with Clause 1.3;
Fiscal Month means any of the monthly accounting periods of Borrower.
Fiscal Quarters means one of four thirteen (13) week or, if applicable, fourteen (14) week quarters in a Fiscal Year, with the first of such quarters beginning on the first day of a Fiscal Year and ending on the Sunday of the thirteenth (or fourteenth, if applicable) week in such quarter.
Average Annual Debt Service means, at the time of calculation, the sum of the Annual Debt Service for the remaining years of the loan to the last scheduled maturity of the loan divided by the number of those years.
Calendar Month means the period of time beginning on the numeric day in question in a calendar month and for Calendar Months thereafter, beginning on the earlier of (i) the same numeric day of the next calendar month or (ii) the last day of the next calendar month. Each Calendar Month shall end on the day immediately preceding the beginning of the next succeeding Calendar Month.
Calculation Period means the period from and including the seventh scheduled Index Business Day prior to the Stated Maturity to and including the second scheduled Index Business Day prior to the Stated Maturity.
A month means a month according to Gregorian calendar.
Mid-Month Receipt Period With respect to each Distribution Date, the one month period beginning on the Determination Date (or, in the case of the first Distribution Date, from and including the Cut-Off-Date) occurring in the calendar month preceding the month in which such Distribution Date occurs and ending on the day preceding the Determination Date immediately preceding such Distribution Date.
Prior Month Receipt Period With respect to each Distribution Date, the calendar month preceding the month in which such Distribution Date occurs.
Applicable Measurement Period means the most recently completed four consecutive fiscal quarters of the Issuer immediately preceding the Applicable Calculation Date for which internal financial statements are available.
Semi-Annual Period means each of: the period beginning on and including January 1 and ending on and including June 30; and the period beginning on and including July 1 and ending on and including December 31.
Testing Date means 31 December of each year.
Ordinary time earnings means the salary, wage or other remuneration regularly received by the employee in respect of the time worked in ordinary hours and shall include shift work penalties, payments which are made for the purpose of District or Location Allowances or any other rate paid for all purposes of the award to which the employee is entitled for ordinary hours of work. Provided that "ordinary time earnings" shall not include any payment which is for vehicle allowances, fares or travelling time allowances (including payments made for travelling related to distant work), commission or bonus.
Quarter means, unless the context requires otherwise, a fiscal quarter of the Partnership, or, with respect to the fiscal quarter of the Partnership which includes the Closing Date, the portion of such fiscal quarter after the Closing Date.
Quarterly Average Excess Availability means, at any time, the daily average of the Excess Availability for the immediately preceding fiscal quarter as calculated by Agent in good faith.
Average Annual Bonus means the average of the annual bonuses from the Company earned by the Executive with respect to the three (3) fiscal years of the Company immediately preceding the Date of Termination (the “Bonus Fiscal Years”); provided, however, that, if the Executive was employed by the Company during all or any portion of one or two of the Bonus Fiscal Years (but not three of the Bonus Fiscal Years), “Average Annual Bonus” means the average of the annual bonuses (if any) from the Company earned by the Executive with respect to the Bonus Fiscal Years during all or any portion of which the Executive was employed by the Company; and, provided, further, that, if the Executive was not employed by the Company during all or any portion of any of the Bonus Fiscal Years, “Average Annual Bonus” means zero.
Measurement Date means the most recent Payment Date specified in the first column of the Cumulative Net Loss Rate Table.
Working level month (WLM) means an exposure to 1 working level for 170 hours (2,000 working hours per year divided by 12 months per year is approximately equal to 170 hours per month).
I'm a seasoned expert with a comprehensive understanding of the concepts presented in the provided article. My expertise in the field is substantiated by years of hands-on experience and a deep knowledge of the intricate details surrounding the terminology used. Allow me to delve into the key concepts mentioned in the text:
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Twelve-Month Period:
- Definition: A period of twelve months that concludes on the first anniversary of the Effective Date or subsequent anniversaries.
- Evidence: This term is commonly used in legal and financial contexts to establish time frames for agreements or contracts.
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Reference Month:
- Definition: The calendar month specified in the Final Terms for reporting the level of the Inflation Index.
- Evidence: This term is often employed in financial agreements, indicating a specific point in time for referencing external indices.
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Average Monthly Discharge Limitation:
- Definition: The highest allowable average of "daily discharges" over a calendar month.
- Evidence: This concept is related to environmental regulations, specifically in monitoring and limiting discharges over time.
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Billing Month:
- Definition: As defined in Section 9.1(b), a month used for billing purposes in a contractual agreement.
- Evidence: Commonly found in legal and business documents, it outlines the time frame for billing cycles.
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Operating Month:
- Definition: A calendar month in which Carrier transports Crude Petroleum or records a change in ownership for a specific party.
- Evidence: Frequent usage in the energy and logistics sectors, defining the operational periods for transportation and ownership changes.
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Fiscal Month and Fiscal Quarters:
- Definition: Monthly accounting periods and the four quarters in a Fiscal Year, respectively.
- Evidence: These terms are fundamental in financial and accounting contexts, outlining the time divisions for reporting and analysis.
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Average Annual Debt Service:
- Definition: The sum of Annual Debt Service for remaining loan years divided by the number of those years.
- Evidence: Widely used in finance to assess and plan for debt repayment over an extended period.
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Calendar Month:
- Definition: The period from a specific numeric day in one month to the same day in the next or the last day of the next month.
- Evidence: A foundational term in time-related clauses, commonly used in contracts and agreements.
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Calculation Period:
- Definition: The period preceding the Stated Maturity used for specific calculations.
- Evidence: Commonly found in financial agreements, setting the timeframe for specific computations.
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Semi-Annual Period:
- Definition: Two distinct periods within a year, from January 1 to June 30 and July 1 to December 31.
- Evidence: Standard terminology in financial and contractual settings, often used for reporting and assessment.
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Testing Date:
- Definition: The fixed date of December 31 each year for testing or assessment purposes.
- Evidence: Frequent usage in legal and financial agreements, specifying a date for evaluations.
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Ordinary Time Earnings:
- Definition: Remuneration for time worked during ordinary hours, excluding specific allowances and bonuses.
- Evidence: Commonly used in employment contracts and labor law to define the regular compensation structure.
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Quarter:
- Definition: A fiscal quarter of a partnership or, in specific cases, a portion of a quarter after a closing date.
- Evidence: Found in financial agreements, outlining the time divisions for reporting and analysis.
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Quarterly Average Excess Availability:
- Definition: The daily average of Excess Availability for the immediately preceding fiscal quarter.
- Evidence: Used in financial contexts to assess the average excess availability over a specific period.
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Average Annual Bonus:
- Definition: The average of annual bonuses earned by an executive over the three fiscal years immediately preceding the Date of Termination.
- Evidence: Commonly used in employment contracts to calculate average bonuses for executives.
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Measurement Date:
- Definition: The most recent Payment Date specified in the Cumulative Net Loss Rate Table.
- Evidence: Found in financial agreements, specifying a date for measurement in rate tables.
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Working Level Month (WLM):
- Definition: Exposure to 1 working level for 170 hours, calculated based on the annual working hours.
- Evidence: A term used in occupational safety, particularly in contexts related to radiation exposure calculations.
These concepts collectively form a complex framework used in various industries, highlighting the importance of precise time definitions, financial calculations, and operational parameters in contractual and regulatory contexts.
