Examples of Annual Determination Date in a sentence
The Board will conduct a performance evaluation, including assessing the effectiveness of Board Committees in assisting to fulfil their responsibilities, every year and will periodically assess the need for external input into the evaluation process.
Accordingly, it may turn out that the amount of Insurance Spread and Savings Spread paid in a Spread Calculation Period may exceed the Annual Recourse Insurance Cashflow Amount applicable to the related Accounting Period and the balance of the Savings Cashflow Tracking Account on the relevant Annual Determination Date.
Savings Surplus Election On or before each Annual Determination Date (and in the case of Acceleration Events, certain other days treated as Annual Determination Dates) the General Partner may make the Savings Surplus Election in respect of the relevant Annual Determination Date.
If the Savings Surplus Election is made, the SLLPI Loan Reduction Profit Amount is, broadly, the lower of (a) the balance on the Savings Cashflow Tracking Account (as reduced by the amount of the Savings Spread and balance on the Missed Spread Account on such Annual Determination Date) and (b) the balance on the Deficit Account.
Broadly, an IL Impairment arises where the sum of the Projected Balance Sheet Insurance VIF and the Annual Recourse Insurance Cashflow Amount is less than the sum of the IL Loan Account Opening Balance and the Insurance Spread for the four Distribution Payment Dates to and including the Distribution Payment Date falling immediately after the Annual Determination Date at which such calculations are being made, as calculated in accordance with the operation of the Partnership Accounts.
In the Amortisation Period, the amount repayable on the IL Loan will be the balance of the Annual Recourse Insurance Cashflow Amount arising in the Accounting Period ending immediately prior to the Annual Determination Date and such calculation shall be made after deducting the amount used to cover Insurance Spread in that period or any prior period to the extent not paid out under the SLLPI.
The AMEX will only add a stock having characteristics as of the applicable Annual Determination Date that will permit the Index to remain within the criteria specified in the rules of the AMEX and within the applicable rules of the SEC.
If the General Partner does not make the Savings Surplus Election in respect of the relevant Annual Determination Date, no SLLPI Loan Reduction Profit Amount will be payable on the immediately succeeding Distribution Payment Date.
Subject to Sections 1(b) and (c) below, such number of PSUs shall vest on each Annual Determination Date (as defined below) based on the Company’s Annual Revenue Growth Rate (as defined below) during the applicable Annual Performance Period (as defined below) as is determined by multiplying (i) the number of PSUs set forth in the Grant Notice, by (ii) 25%, by (iii) the Revenue Growth Achievement Percentage (as determined in the chart below).
The criteria and rules will apply only on an Annual Determination Date to exclude a proposed New Stock.