Average Age Sample Clauses

Average Age. 1. The Fleet Average Age for Van Type or Integral Buses may not be more than 8.5 years.
Sample 1Sample 2Sample 3See All (34)
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Average Age. 1. For the 2015-2016 school year, the Fleet Average Age for "van" type vehicles for all Milwaukee Public School contracts may not be more than 7.5 years.
Sample 1Sample 2Sample 3See All (7)
Average Age. As of any Determination Date, an amount equal to (a) the aggregate sum of (i) the number of Eligible Containers multiplied by (ii) the age of such Eligible Containers, divided by (b) the aggregate number of all Eligible Containers. Balance Sheet Date. September 30, 2007.
Sample 1
Average Age. As of any Determination Date, an amount equal to (a) the aggregate sum of (i) the number of Eligible Containers multiplied by (ii) the age of such Eligible Containers, divided by (b) the aggregate number of all Eligible Containers. Balance Sheet Date. September 30, 2007. Borrower. As defined in the preamble hereto. Breakage Cost. With respect to any Lender with respect to any Breakage Prepayment, an amount equal to the difference (as reasonably determined by such Lender and set forth in a certificate of such Lender delivered to the Borrower) of (a) such Lender’s cost of obtaining funds for the LIBOR Rate Loan that is the subject of such Breakage Prepayment for the period from the date of such Breakage Prepayment to the last day of the Interest Period in effect (or that would have been in effect) for such LIBOR Rate Loan, minus (b) the amount of interest likely to be realized by such Lender in redeploying the funds released or not utilized by reason of such Breakage Prepayment for such period.
Sample 1
Average Age. As of any Determination Date, an amount equal to the quotient of (A) the sum, for each Container (including a Container subject to a Direct Finance Lease), of an amount equal to the product of (i) the Net Book Value (or, if the Container is subject to a Direct Finance Lease, the Net Present Value of Direct Finance Lease Receivables) of such Container (including Containers subject to a Direct Finance Lease), multiplied by (ii) the age of such Container (including a Container subject to a Direct Finance Lease), in each case, measured from the date of manufacture thereof, divided by (B) the an amount equal to the sum of the Aggregate Net Book Value and the Aggregate Net Present Value of Direct Finance Lease Receivables.
Sample 1
Average Age. As of any Determination Date, an amount equal to the quotient of (a) the sum, for each vintage year (based on date of manufacture) of an amount equal to the product of (i) the number of Containers (including any Container subject to a Direct Finance Lease) included in such vintage year, multiplied by (ii) the age of such Containers (measured from the date of manufacture thereof) divided by (b) the aggregate number (measured in units) of all such Containers. Balance Sheet Date. May 31, 2007. Bankruptcy Code. The Bankruptcy Reform Act of 1978, as amended. Base Rate. The higher of (a) the variable annual rate of interest so designated from time to time by the Agent as its “prime rate”, such rate being a reference rate and
Sample 1
Average Age. As of any Determination Date, an amount equal to the quotient of (a) the sum, for each vintage year (based on date of original manufacture), of an amount equal to the product of (i) the number of Containers in the Borrower Fleet (including any Container subject to a Direct Finance Lease) included in such vintage year, multiplied by (ii) the age of such Containers (measured from the date of manufacture thereof) divided by (b) the aggregate number (measured in units) of all such Containers in the Borrowing Fleet.
Sample 1
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Average Age. As of any Determination Date, an amount equal to the quotient of (a) the sum, for each vintage year (based on date of original manufacture), of an amount equal to the product of (i) the number of Containers in the Borrower Fleet (including any Container subject to a Direct Finance Lease) included in such vintage year, multiplied by (ii) the age of such Containers (measured from the date of manufacture thereof) divided by (b) the aggregate number (measured in units) of all such Containers in the Borrowing Fleet. Balance Sheet Date. December 31, 2009. Bankruptcy Code. The Bankruptcy Reform Act of 1978, as amended. Bankruptcy Event. For any Person, any of the following events:
Sample 1

Related to Average Age

  • Normal Retirement Age Normal Retirement Age shall mean the date on which the Executive attains age sixty-five (65).

  • Early Retirement Age Early Retirement Age is the later of: (i) the date a Participant attains age ; (ii) the date a Participant reaches his/her anniversary of the first day of the Plan Year in which the Participant commenced participation in the Plan; or (iii) the date a Participant completes Years of Service. [Note: The Employer should leave blank any of clauses (i), (ii), and (iii) which are not applicable.] "Years of Service" under this Election 30 means (Choose one of (1) or (2) as applicable):

  • Normal Retirement Date The term “Normal Retirement Date” means “Normal Retirement Date” as defined in the primary qualified defined benefit pension plan applicable to the Executive, or any successor plan, as in effect on the date of the Change in Control of the Company.

  • DISTRIBUTION OF EXCESS AGGREGATE CONTRIBUTIONS The Advisory Committee will determine excess aggregate contributions after determining excess deferrals under Section 14.07 and excess contributions under Section 14.08. If the Advisory Committee determines the Plan fails to satisfy the ACP test for a Plan Year, it must distribute the excess aggregate contributions, as adjusted for allocable income, during the next Plan Year. However, the Employer will incur an excise tax equal to 10% of the amount of excess aggregate contributions for a Plan Year not distributed to the appropriate Highly Compensated Employees during the first 2 1/2 months of that next Plan Year. The excess aggregate contributions are the amount of aggregate contributions allocated on behalf of the Highly Compensated Employees which causes the Plan to fail to satisfy the ACP test. The Advisory Committee will distribute to each Highly Compensated Employee his respective share of the excess aggregate contributions. The Advisory Committee will determine the respective shares of excess aggregate contributions by starting with the Highly Compensated Employee(s) who has the greatest contribution percentage, reducing his contribution percentage (but not below the next highest contribution percentage), then, if necessary, reducing the contribution percentage of the Highly Compensated Employee(s) at the next highest contribution percentage level (including the contribution percentage of the Highly Compensated Employee(s) whose contribution percentage the Advisory Committee already has reduced), and continuing in this manner until the ACP for the Highly Compensated Group satisfies the ACP test. If the Highly Compensated Employee is part of an aggregated family group, the Advisory Committee, in accordance with the applicable Treasury regulations, will determine each aggregated family member's allocable share of the excess aggregate contributions assigned to the family unit.

  • Retirement Date If the Executive remains in the continuous employ of the Bank, the Executive shall retire from active employment with the Bank on the Executive’s sixty-fifth (65th) birthday, unless by action of the Board of Directors this period of active employment shall be shortened or extended.

  • Valuation Date The value of the Collateral shall be determined on the date of the Buy-In (or the payment made pursuant to Section 6.2 below).

  • Years of Service Any teacher placed on such leave may engage in teaching or any other occupation during such period, may be eligible for unemployment insurance if otherwise eligible for such compensation under the law, and such leave will not result in a loss of credit for years of service in the School District earned prior to the commencement of such leave.

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