Baseline Sustainability Percentage definition

Baseline Sustainability Percentage means the average of the Company’s annual Sustainability Percentage for the end of each of the Company’s 2015, 2016 and 2017 fiscal years, in each case as reported on the Company’s annual report on Form 10-K for the fiscal year ended December 31, 2017 filed on February 14, 2018, resulting in 9.23% as of the Closing Date. This Baseline Sustainability Percentage is not subject to change and will not change during the duration of this Agreement; provided, that if the Company or the Banks become aware of any material inaccuracy in the determination of this Baseline Sustainability Percentage, the parties hereto shall enter into any necessary modifications to this Agreement to correct the Baseline Amended and Restated Revolving Credit Agreement The Bank of Nova Scotia/Consumers Energy Sustainability Percentage accordingly.
Sample 1
Baseline Sustainability Percentage means the average of the Company’s annual Sustainability Per- centage for the end of each of the Company’s 2015, 2016 and 2017 fiscal years, in each case as reported on the Company’s annual report on Form 10-K for such fiscal year, resulting in 8.66% as of the Closing Date.
Sample 1
Baseline Sustainability Percentage means the average of the Company’s annual Sustainability Percentage for the end of each of the Company’s 2015, 2016 and 2017 fiscal years, in each case as reported on the Company’s annual report on Form 10-K for such fiscal year, resulting in 8.66% as of the Closing Date. This Baseline Sustainability Percentage is not subject to change and will not change during the duration of this Agreement; provided, that if the Company or the Banks become aware of any material inaccuracy in the determination of this Baseline Sustainability Percentage, the parties hereto shall enter into any necessary modifications to this Agreement to correct the Baseline Sustainability Percentage accordingly.
Sample 1

More Definitions of Baseline Sustainability Percentage

Baseline Sustainability Percentage means the average of the Company’s annual Sustainability Percentage for the end of each of the Company’s 2015, 2016 and 2017 fiscal years, in each case as reported on the Company’s annual report on Form 10-K for such fiscal year, resulting in 8.66% as of the Closing Date. This Baseline Sustainability Percentage is not subject to change and will not change during the duration of this Agreement; provided , that if the Company or the Banks become aware of any material inaccuracy in the determination of this Baseline Sustainability Percentage, the parties hereto shall enter into any necessary modifications to this Agreement to correct the Baseline Sustainability Percentage accordingly.
Sample 1

Related to Baseline Sustainability Percentage

  • Reduction Percentage means the percentage rate by which the Initial Per Certificate Entitlement will reduce on a daily basis on the assumption that the daily rate will be theper annum rate specified in the Final Terms divided by 365 and applied accordingly. B.26 Investment managementNot applicable - there is no active management of the assets of the Issuer. B.27 Further issuances backed by same pool of assetsNot applicable – the Issuer will not issue further securities backed by the same pool of assets. B.29 Description of the flow of fundsSave to the extent that the Authorised Participant as subscribed for the issue of Certificates in whole or in part by the physical delivery of the relevant Precious Metal in respect of the Series (the "Underlying Precious Metal"), the net proceeds from each issue of Certificates will be used (a) to purchase the Underlying Precious Metal and (b) to pay any listing fees incurred in connection with the listing of the Certificates. The Certificates will not bear interest. On redemption, a Certificateholder will, in respect of a Certificate, receive on a date on or before the third business day following the relevant Eligible Redemption Valuation Date(being any business day) (in each case the "Settlement Date"):