Billion means one thousand million.
Billion means a thousand million; “trillion” means a thousand billion.
Billion. (the "Maximum Profit"), and, if it otherwise would exceed such amount, Grantee, at its sole discretion, shall either (i) reduce the number of shares subject to the Option (and any Substitute Option), (ii) deliver to Issuer, or the Substitute Issuer, as the case may be, for cancellation shares of Issuer Common Stock or Substitute Common Stock, as the case may be (or other securities into which such Option Shares are converted or exchanged), (iii) pay cash to Issuer, or the Substitute Issuer, as the case may be, (iv) reduce the amount of the Section 8 Repurchase Consideration or Section 9 Repurchase Consideration or (v) any combination of the foregoing, so that Grantee's actually realized Total Profit shall not exceed the Maximum Profit after taking into account the foregoing actions. Notwithstanding any other provision of this Agreement, the Option may not be exercised for a number of shares as would, as of the date of exercise, result in a Notional Total Profit (as defined below) of more than the Maximum Profit and, if exercise of the Option would otherwise result in the Notional Total Profit exceeding such amount, Grantee, in its discretion, may take any of the actions specified in this Section 13(a) so that the Notional Total Profit shall not exceed the Maximum Profit; provided, that nothing in this sentence shall restrict any subsequent exercise of the Option which at such time complies with this sentence.
Examples of Billion in a sentence
Calvin Biesecker, “Zukunft Wants $2 Billion Baseline Acquisition Budget; Sustained Growth In O&M Funding,” Defense Daily, April 13, 2017: 1.
Fritz, Angela and Meryl Kornfield, “President Trump Declares a National Emergency, Freeing $50 Billion in Funding,” Washington Post, March 13, 2020.
The enhanced limit for investment in overseas Exchange Traded Funds (ETFs) by MFs is USD 300 Million within overall industry limit USD One Billion.
See, for example, Ben Werner, “SECNAV Modly: Navy Needs Additional $120 Billion To Build 355-Ship Fleet By 2030,” USNI News, February 27, 2020.
Fleming, Sam, Victor Mallet, and Guy Chazan, Germany and France Unite in Call for €500 Billion Europe Recovery Fund, Financial Times, May 18, 2020.
More Definitions of Billion
Billion means a thousand million.
Billion with "$1.3 billion".
Billion therefrom and replacing it with "$980 million".
Billion. The Borrower has a contingent obligation with respect to repayment of indebtedness of the SPV in regard to such transaction, which contingent obligation shall terminate in each case no later than four years after the effective date of such transaction and shall be satisfied only through the issuance of equity securities unless further sales of equity securities of the Borrower are not possible or will not result in additional net proceeds.
Billion. The Chase Manhattan Bank is a participant in this facility. FORM OF ISSUANCE: The Notes will be issued and purchases will be recorded only through the book-entry system of the Depository Trust Company ("DTC"). Beneficial owners will not receive certificates representing their ownership interest in the Notes. The face amount of each Note will be paid upon maturity in immediately available funds to DTC. The Issuer has been advised by DTC that upon receipt of such payment DTC will credit, on its book-entry records and transfer system, the accounts of the DTC participants through whom Notes are directly or indirectly owned. Payments by DTC to its participants and by such participants to owners of the Notes or their representatives will be governed by customary practices and standing instructions and will be the sole responsibility of DTC, such DTC participants or such representatives, respectively.
Billion means 1,000,000,000 . Do not abbreviate “billion” to “b” or “bn,” or “million” to “m” or “mn” in text, tables, or figures.
Billion the fee payable for that month based on the portion of the average of such values in excess of $1.0 billion up to and including $2.5 billion shall be 1/12 of 0.70 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2.5 billion, the fee payable for that month based on the portion of the average of such values in excess of $2.5 billion up to and including $5.0 billion shall be 1/12 of 0.68 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5.0 billion, the fee payable for that month based on the portion of the average of such values in excess of $5.0 billion up to and including $7.5 billion shall be 1/12 of 0.65 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7.5 billion, the fee payable for that month based on the portion of the average of such values in excess of $7.5 billion up to and including $10.0 billion shall be 1/12 of 0.64 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $10.0 billion, the fee payable for that month based on the portion of the average of such values in excess of $10.0 billion up to and including $12.5 billion shall be 1/12 of 0.63 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds $12.5 billion, the fee payable for that month based on the portion of the average of such values in excess of $12.5 billion shall be 1/12 of 0.62 of 1 percent of such portion over the lowest applicable expense fully described below or over any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.