Annual Benchmark definition

Annual Benchmark means any of the Annual Cancellations Benchmark, the Annual TOC Minute Delay Benchmark or the Annual Short Formation Benchmark;
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Annual Benchmark means either the Annual Cancellations
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Annual Benchmark means any of the Annual Cancellations Benchmark or
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Examples of Annual Benchmark in a sentence

  • In the event any Annual Benchmark Date Average is equal to or greater than 22.5 kbps, subject to the provisions of Section 2.2(d)(v) below, the monthly Transit Surcharge for the subsequent twelve (12) month period during the Term shall be the Base Transit Charge as increased by $.055 per Service Subscriber for each kbps that the Benchmark Date Average exceeds 21.5 kbps.

  • The Seller shall use its reasonable efforts to maintain and repair the Complex and the components thereof and equipment therein so that the reduction in or degradation of the capability of the Complex to generate Net Delivered Energy during the Term does not fall below the Degraded Annual Benchmark Energy.

  • The Penalties, if any, payable to the Purchasers with respect to the Concentrates shall be determined by the Seller and the Purchasers’ Agent during the negotiations of the Annual Benchmark Terms for the first Contract Year, negotiating in good faith, and the Parties shall include the Penalties in the Annual Supplement for the first Contract Year.

  • The Seller shall use its reasonable efforts to maintain and repair the Complex and the components thereof and equipment therein so that the reduction or degradation of the capability of the Complex to generate Net Delivered Energy during the Term does not fall below the Annual Benchmark Energy.

  • The Seller shall use its reasonable efforts to maintain and repair the Complex and the components thereof and equipment therein so that the capability of the Complex to generate Net Delivered Energy during the Term does not fall below the Annual Benchmark Energy.

  • The Annual Copper Terms for the Concentrate to be delivered in the forthcoming Contract Year shall be based on the Annual Benchmark Terms.

  • If the Actual Annual Energy in an Agreement Year falls below eighty five percent (85%) of the Degraded Annual Benchmark Energy for such Agreement Year, then, without prejudice to Section 9.3(c), the Purchaser shall be entitled to nominate and appoint at the Seller’s cost an engineering consulting firm of repute in solar PV operations and maintenance from amongst a panel of three (3) such firms agreed by the Seller and the Purchaser (and in case of disagreement, by the Expert) (“Inspection Engineer”).

  • If the Actual Annual Energy in an Agreement Year falls below ninety percent (90%) of the Annual Benchmark Energy for such Agreement Year, then, without prejudice to Section 9.3(c), the Purchaser shall be entitled to nominate and appoint at the Seller’s cost an engineering consulting firm of repute in solar PV operations and maintenance from amongst a panel of three (3) such firms agreed by the Seller and the Purchaser (and in case of disagreement, by the Expert) (“Inspection Engineer”).

  • If the Actual Annual Energy in an Agreement Year falls below eighty-five percent (85%) of the Annual Benchmark Energy for such Agreement Year, then the Purchaser shall be entitled to nominate and appoint at the Seller’s cost an engineering consulting firm of repute in solar power plant and wind power plant operations and maintenance from amongst a panel of three (3) such firms agreed by the Seller and the Purchaser (“Inspection Engineer”) (and in case of disagreement, by the Expert).


More Definitions of Annual Benchmark

Annual Benchmark means a Benchmark used for the purposes of annual
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Annual Benchmark means, for the Measurement Year beginning January 1, 1997, $18,000,000, and for each succeeding Measurement Year an amount equal to the Annual Benchmark for the preceding Measurement Year increased by the percentage increase, if any, in the Consumer Price Index, All Urban Consumers, All Items (or any similar successor index published by a U.S. governmental agency) as of January 1 of such Measurement Year over such index as of January 1 of the preceding calendar year.
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Annual Benchmark means any of the Annual Cancellations Benchmark, Annual Peak Short Formation lon_lib1\10436430\4 19 Derogations kokoa
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Related to Annual Benchmark

  • SOFR Benchmark means SOFR, provided that if a SOFR Benchmark Transition Event and its related SOFR Benchmark Replacement Date have occurred with respect to SOFR or such other then-current SOFR Benchmark, then "SOFR Benchmark" means the applicable SOFR Benchmark Replacement;

  • Original Benchmark Rate on any day means (subject to § 3(4)) the [1 / 3 / 6 / 12]-month Euro Interbank Offered Rate (expressed as a percentage rate per annum) fixed at, and appearing on the Screen Page as of, 11:00 a.m. (Brussels time) on such day.

  • Term Benchmark when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are bearing interest at a rate determined by reference to the Adjusted Term SOFR Rate.

  • Annual Benefit means an annual sum of fifty thousand dollars ($50,000) multiplied by the Applicable Percentage (defined below) and then reduced to the extent required: (i) under the other provisions of this Agreement; (ii) by reason of the lawful order of any regulatory agency or body having jurisdiction over the Employer; and (iii) in order for the Employer to properly comply with any and all applicable state and federal laws, including, but not limited to, income, employment and disability income tax laws (eg., FICA, FUTA, SDI).

  • Average Incentive Compensation means the average of the annual incentive compensation under Subparagraph 3(a) received by Executive for the three (3) immediately preceding fiscal years or such fewer number of complete fiscal years as Executive may have been employed by the Company. In no event shall “Average Incentive Compensation” include any sign-on bonus, retention bonus or any other special bonus. Notwithstanding the foregoing, if the Executive breaches any of the provisions contained in Paragraphs 4 and 5 of this Agreement, all payments of the Severance Amount shall immediately cease. Notwithstanding the foregoing, in the event Executive terminates his employment for Good Reason as provided in Subparagraph 6(e), he shall be entitled to the Severance Amount only if he provides the Notice of Termination provided for in Subparagraph 6(f) within thirty (30) days after the occurrence of the event or events which constitute such Good Reason as specified in clauses (A), (B), (C), (D), (E) and (F) of Subparagraph 6(e);