Benchmark Table definition

Benchmark Table means, in relation to: (a) any Cancellations Benchmark, the Cancellations Benchmark Table; (b) any TOC Minute Delay Benchmark, the TOC Minute Delay Benchmark Table; and (c) any Short Formation Benchmark, the Short Formation Benchmark Table;
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Benchmark Table means, in relation to:
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Benchmark Table has the meaning given to it in paragraph 1.1 of Schedule 7.1 (Performance Benchmarks);
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Examples of Benchmark Table in a sentence

  • For the avoidance of doubt, the Rental in respect of each Bus shall be adjusted during the Lease Period by reference to the Age of such Bus in accordance with the Benchmark Table.

  • Subject to any annual review of the daily rentals payable by the Lessee under the Benchmark Table which may be required by the independent non-executive Directors, the Benchmark Table will be applied throughout the term of the New Minibus Leasing Agreement and will be reviewed upon the renewal of the New Minibus Leasing Agreement.

  • The Benchmark Table as adjusted shall apply with retrospective effect from the first day on which the PLBs with such additional seats and related refitting installed are available for use by the Lessee.

  • Where the Secretary of State exercises his right pursuant to this paragraph 1.11, the relevant Cancellations Benchmark Table, Annual Cancellations Benchmark Table, TOC Minute Delay Benchmark Table and/or Annual TOC Minute Delay Benchmark Table, shall be deemed to have been amended accordingly.

  • The Benchmark Table shall be adjusted vis-à-vis 19-seater PLBs according to such prevailing market rentals as assessed by the independent valuer with effect from 1 January 2019.

  • Accordingly, there will be upward adjustment to the market rentals payable by the Group under the Benchmark Table as necessitated by the installation of additional seats to the PLBs as permitted by the new law.

  • The rentals in respect of each PLB will be reduced during the lease period by reference to the age of each PLB in accordance with the Benchmark Table.

  • The rentals in respect of each of the 19-seater PLBs will be reduced during the lease period by reference to the age of each 19-seater PLB in accordance with the Benchmark Table.

  • For the avoidance of doubt, the Benchmark Table as adjusted in the foregoing manner shall apply prospectively with effect from 1 January 2019.


More Definitions of Benchmark Table

Benchmark Table the benchmark table adopted under the New Minibus Leasing Agreement forming the basis for calculation of rentals for the PLBs payable thereunder; “Big Three” Big Three Limited (大叁有限公司), a company incorporated in Hong Kong and owned as to (i) 40% by Mr. Xxxxxxx Xxxx (out of which 10% is held on trust for Xx. Xxxxx Xxxx as beneficiary) and (ii) 60% by Xx. Xx, Ms. Xxxxxx Xxxx, Ms. Xxxxxxx Xxxx and Xx. Xxxx Xxxx (as to 10%, 30% (out of which 20% is held on trust for Xx. Xxxxx Xxxx as beneficiary), 10% and 10% respectively);
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Benchmark Table means the table set out in Schedule 2, subject to such revision as may from time to time be made pursuant to Clauses 3.02 “Bus(es)” means the minibuses together with their vehicle registration licences, brief particulars of which are set out in Schedule 1, subject to such replacement, addition, removal or changes from time to time in accordance with the terms of this Agreement (reference to each bus may be referred to as “Bus”) “Company” AMS Public Transport Holdings Limited, a company incorporated in the Cayman Islands with limited liability and the shares of which are listed on the Stock Exchange, being the holding company of the Lessee “Comprehensive Insurance” means a total protection insurance which covers any accidental loss or damage to a vehicle (including its accessories and spare parts) as well as the liability in respect of Third Party Risks “Fifth Original Agreement” shall have the meaning ascribed to it in Recital (N) “First Original Agreement” shall have the meaning ascribed to it in Recital (E) “Force Majeure” shall include fires, flood, earthquakes, terrorist attacks, wars, restraints affecting shipping or other transportation, national calamities, acts of God, acts of any government or supra-national legal authority and other causes provided that they are not within the reasonable control of the non-performing Party “Fourth Original Agreement” shall have the meaning ascribed to it in Recital (K) “Glory Success” shall mean Glory Success Transportation Limited ( 捷滙運輸有限公司), a company incorporated in Hong Kong “HKMB” shall mean Hong Kong Metropolitan Bus Limited ( 香港都會巴士有限公司 ), a company incorporated in Hong Kong “holding company” shall have the meaning ascribed to it in the Companies Ordinance (Chapter 622 of the Laws of Hong Kong)
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Benchmark Table the benchmark table adopted under the New Minibus Leasing Agreement forming the basis for calculation of rentals for the PLBs payable thereunder;
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Benchmark Table means, in relation to: (a) any Cancellations Benchmark, the Cancellations Benchmark Table;
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Benchmark Table means the table set out in Schedule 2, subject to such revision as may from time to time be made pursuant to Clauses 3.02 “Bus(es)” means the minibuses together with their vehicle registration licences, brief particulars of which are set out in Schedule 1, subject to such replacement, addition, removal or changes from time to time in accordance with the terms of this Agreement (reference to each bus may be referred to as “Bus”) “Company” AMS Public Transport Holdings Limited, a company incorporated in the Cayman Islands with limited liability and the shares of which are listed on the Stock Exchange, being the holding company of the Lessee
Sample 1
Benchmark Table means, in relation to: (a) any Cancellations Benchmark, the Cancellations Benchmark Table; (b) any Capacity Benchmark, the Capacity Benchmark Table; and (c) any TOC Minute Delay Benchmark, the TOC Minute Delay Benchmark Table;“Bid Profit Stream”means the estimated total operating profit of the Franchisee from the date that the Change of Control (pursuant to paragraph 2.3 of Schedule 10.3 (Events of Default and Termination Event)) is to occur until the Expiry Date as shown in the profit and loss forecast in the Initial Business Plan (without taking into account any Annual Business Plan) calculated in real terms as at the date of the Change of Control and applying the prevailing discount rate per annum (in real terms) stated in HM Treasury’s “Green Book Appraisal Guidelines” (such rate as at the date of the Franchise Agreement being as specified for these purposes in the Franchise Specific Agreement;"Bond Provider"means any person or persons who may provide or be an obligor under a Performance Bond or Season Ticket Bond from time to time and who shall, unless the Secretary of State otherwise agrees, be a Bank;"Bond Year"means the period beginning on the Start Date and ending at the end of the first Reporting Period to end in the month prescribed for such purpose in the Franchise Specific Agreement and any subsequent period of 13 Reporting Periods beginning on the day after the end of the preceding Bond Year provided that: (a) the Franchisee and the Secretary of State may agree to vary the Reporting Period in which a Bond Year ends from time to time; and (b) the last Bond Year shall expire on the expiry of the Franchise Period and may be a period of less than 13 Reporting Periods;"Brand Licence"means a licence between the Secretary of State (or any company wholly owned by the Secretary of State) and the Franchisee inrespect of any registered or unregistered trademarks;
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Related to Benchmark Table

  • Benchmark Gilt means, in respect of a Reset Period, such United Kingdom government security having a maturity date on or about the last day of such Reset Period as the Calculation Agent, with the advice of the Reference Banks, may determine to be appropriate;

  • Benchmarks mean the performance milestones that are set forth in Appendix D.

  • Benchmark Price shall have the meaning ascribed to the term in Section 1.1 of the relevant Trust Agreement.

  • Composite mortality tables means mortality tables with rates of mortality that do not distinguish between smokers and nonsmokers.

  • Benchmark Rate means, with respect to any Redemption Date, the rate per annum equal to the annual equivalent yield to maturity or interpolated maturity of the Comparable Benchmark Issue (as defined below), assuming a price for the Comparable Benchmark Issue (expressed as a percentage of its principal amount) equal to the Comparable Benchmark Price for such Redemption Date.

  • 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.

  • Interpolated Benchmark with respect to the Benchmark means the rate determined for the Corresponding Tenor by interpolating on a linear basis between: (1) the Benchmark for the longest period (for which the Benchmark is available) that is shorter than the Corresponding Tenor and (2) the Benchmark for the shortest period (for which the Benchmark is available) that is longer than the Corresponding Tenor.

  • Indices means, subject to Adjustment Provisions, the following indices (and each an Index)

  • Unadjusted Benchmark Replacement means the applicable Benchmark Replacement excluding the related Benchmark Replacement Adjustment.

  • Special Categories of Data means personal data revealing racial or ethnic origin, political opinions, religious or philosophical beliefs, or trade union membership, and the processing of genetic data, biometric data for the purpose of uniquely identifying a natural person, data concerning health or data concerning a natural person's sex life or sexual orientation;

  • Successor Benchmark Rate means a successor to or replacement of the Original Benchmark Rate which is formally recommended by any Relevant Nominating Body.

  • Administrator/Benchmark Event Date means, in respect of an Administrator/Benchmark Event, the date on which the authorisation, registration, recognition, endorsement, equivalence decision, approval or inclusion in any official register is (i) required under any applicable law or regulation; or

  • Performance Measurement Period has the meaning set forth in Section 3.1(e)(ii).

  • Benchmark Event means, with respect to an Original Reference Rate:

  • Benchmark Review means a review of the Services carried out in accordance with paragraphs 2.1 to 2.3 of Schedule 7 (Value for Money) of this Framework Agreement to determine whether those Services represent Good Value;

  • Working level month (WLM) means an exposure to 1 working level for 170 hours (2,000 working hours per year divided by 12 months per year is approximately equal to 170 hours per month).

  • Alternative Benchmark Rate means an alternative benchmark or screen rate which is customarily applied in international debt capital markets transactions for the purposes of determining floating rates of interest (or the relevant component part thereof) in the Specified Currency, provided that all determinations will be made by the Independent Adviser in its reasonable discretion.

  • Benchmark means, initially, the Term SOFR Reference Rate; provided that if a Benchmark Transition Event has occurred with respect to the Term SOFR Reference Rate or the then-current Benchmark, then “Benchmark” means the applicable Benchmark Replacement to the extent that such Benchmark Replacement has replaced such prior benchmark rate pursuant to Section 2.12(d)(iii)(A).

  • Table means the table at the end of this §4a.

  • Benchmarker means the person appointed by the PCC to conduct the Benchmark Review.

  • Unit Price Table means the table of prices per unit set out in the Contract;

  • Daily Measurement Value means the Specified Dollar Amount (if any), divided by 40.

  • Benchmarked Rates means the Framework Prices for the Benchmarked Goods and/or Services

  • Performance Measure means one or more of the following selected by the Committee to measure Company, Affiliate, and/or business unit performance for a Performance Period, whether in absolute or relative terms (including, without limitation, terms relative to a peer group or index): basic, diluted, or adjusted earnings per share; sales or revenue; earnings before interest, taxes, and other adjustments (in total or on a per share basis); basic or adjusted net income; returns on equity, assets, capital, revenue or similar measure; economic value added; working capital; total shareholder return; and product development, product market share, research, licensing, litigation, human resources, information services, mergers, acquisitions, sales of assets of Affiliates or business units. Each such measure shall be, to the extent applicable, determined in accordance with generally accepted accounting principles as consistently applied by the Company (or such other standard applied by the Committee) and, if so determined by the Committee, and in the case of a Performance Compensation Award, to the extent permitted under Code Section 162(m), adjusted to omit the effects of extraordinary items, gain or loss on the disposal of a business segment, unusual or infrequently occurring events and transactions and cumulative effects of changes in accounting principles. Performance Measures may vary from Performance Period to Performance Period and from Participant to Participant, and may be established on a stand-alone basis, in tandem or in the alternative.

  • Administrator/Benchmark Event means, in relation to any Benchmark, the occurrence of a Benchmark Modification or Cessation Event, a Non-Approval Event, a Rejection Event or a Suspension/Withdrawal Event all as determined by the Issuer.

  • Specific goals means specific goals as contemplated in section 2(1)(d) of the PPPFA which may include contracting with persons, or group of persons, historically disadvantaged by unfair discrimination on the basis of race, gender and disability including the implementation of programmes of the Reconstruction and Development Programme as published in Government Gazette No. 16085 dated 23 November 1994.