Target Amount. For purposes of this Agreement, the term “Target Amount” shall mean the average annual cash incentive payment earned by or awarded to Executive for the lesser of (i) five (5) years or (ii) the number of years Executive is employed by the Company, each immediately preceding termination of this Agreement.
Target Amount. Section 2.4 Tax..............................................................Section 4.19(a) Tax Return.......................................................Section 4.19(b) Termination Date....................................................Section 10.1
Target Amount. The Target Amount in effect as of the First Amendment Effective Date is $120,000,000. Upon the sale of any Borrowing Base Oil and Gas Properties, including the Appalachia Assets, and contemporaneously therewith, the Target Amount will be reduced by the Borrowing Base Value of such assets. Neither the sale of the KPC Pipeline or KPC Pipeline, LLC equity nor the $7,500,000 additional equity investment by White Deer Energy in Parent, which proceeds shall have been contributed by Parent to PESC pursuant to Section 6.23, nor the sale of the Constellation Equity will have any effect on the Target Amount. The Target Amount will be in effect until the effective date of the first Borrowing Base redetermination following the First Amendment Effective Date, which is scheduled for October 31, 2012, at which time the Target Amount will be of no further force or effect and shall cease to have any continuing significance. Notwithstanding that Total Outstandings under this Agreement may exceed the Target Amount, the Borrowers shall be entitled to borrow up to the amount of the Borrowing Base then in effect.”
Target Amount. Section 2.4 Tax..............................................................Section 4.19(a) Tax Certificates ...................................................Section 6.20
Target Amount. Target amount and right of reduction
9.1 The Target Amount at the Restructuring Date shall be £490 million plus the Incremental Collateral Amount at that date. BE plc may at any time after the Restructuring Date by notice to the Secretary of State and NLF:
(A) subject to clause 9.2, reduce the Target Amount to less than £490 million plus the Incremental Collateral Amount or to zero; or
(B) increase the Target Amount to an amount not more than £490 million plus the Incremental Collateral Amount. The right to reduce or increase the Target Amount pursuant to this clause 9.1 shall be available to BE plc from time to time and is not restricted to a single exercise of such right. Any increase or decrease in the Incremental Collateral Amount shall automatically increase or decrease the Target Amount by the same amount.
9.2 BE plc shall only be permitted to reduce the Target Amount:
(A) if the Group achieves an Investment Grade Rating; or
(B) to the extent Committed Facilities raised by BE plc are available for, and are intended and expected by the Board to be used or maintained for, the same purposes for which the Cash Reserves may be applied. The Target Amount may also be changed pursuant to a review under clause 13 (Contract Review).
9.3 If the Group achieves an Investment Grade Rating and BE plc reduces the Target Amount pursuant to clause 9.2(A), the Target Amount shall be automatically and immediately increased by the amount of such reduction if the Group ceases to have an Investment Grade Rating.
9.4 If BE plc wishes to reduce the Target Amount pursuant to clause 9.2(B), such reduction shall not be effective at any time during which any of the New Bonds are in issue and have not been redeemed or repaid if and to the extent that the availability of, or drawdown under, those Committed Facilities, breaches condition 8.1 (Limitation on Financial Indebtedness) of the terms and conditions of the New Bonds.
9.5 If at any time the Target Amount is reduced in reliance on the Group having achieved an Investment Grade Rating, BE plc shall not (nor shall it allow any member of the Group to):
(A) announce or pay any Cash Distribution;
(B) make any Capital Distribution; or
(C) make or make any legally binding commitment to make any acquisition of any undertaking or participating interest in an undertaking, if it (or any member of the Group) knows or has reasonable grounds to believe (whether as a result of the relevant rating agency’s guidance and conditions to grant of ...
Target Amount. The term “Target Amount” means the number of shares of the Stock with respect to which the Performance Share Award relates assuming achievement of the Target Performance Level. The Target Amount shall be determined by dividing the dollar value established by the Committee with respect to an Participant’s Performance Share Award by the closing price of the Stock on the Award Date.
Target Amount. (1) If the EPS Growth for F.N.B. during the Performance Period is at the 50th percentile of the Peer Financial Institutions, then the vested amount shall be 1.00 times 75% of the Target Amount.
(2) If the Dividend Payout Ratio for F.N.B. during the Performance Period is at the 50th percentile of the Peer Financial Institutions, then the vested amount shall be 1.00 times 25% of the Target Amount.
Target Amount. You shall be eligible to receive a cash bonus award equal to [500,000][250,000](1) (the “Target Amount”).
Target Amount. “Target Amount” shall mean the product of (a) $20,000.00, and (b) the number of residential units to be constructed in the Project in accordance with the Development Plan. 1.97
Target Amount. The statement of the book value of the Inventory as of the Closing Date shall be prepared by British Energy within sixty (60) days of the Closing Date using the same GAAP, policies and methods as the Company has historically used in connection with the calculation of the book value of Inventory (including reductions for missing, unusable or obsolete Inventory on a basis consistent with the Company's past practices). Buyer and British Energy each agree to cooperate in connection with the preparation of the statement of the book value of Inventory as of the Closing Date and related information, and each shall provide to the other such books, records and information as may be reasonably requested from time to time.
