Condition 1 definition

Condition 1 means the terms of this Agreement applicable to a Unit providing service under Condition 1 as described in Section 3.1.

Condition 1 means: the entry by the Purchaser and the Company into a binding employment agreement for a term of not less than five years for Purchaser to serve as the Company’s deputy general manager.

Condition 1 means the Company and its subsidiaries achieving not less than after tax net income of US$ 2 million as determined under United States Generally Accepted Accounting Principles consistently applied (“US GAAP”) for the fiscal year ended June 30, 2011.

Examples of Condition 1 in a sentence

• Prepaid Start-up Charge for each Unit operating under Condition 1 for each Contract Year will be calculated as the Prepaid Start-up Cost times the number of Prepaid Start- ups.

• If a Unit is transferred from Condition 2 to Condition 1, CAISO shall not be required to pay a Condition 1 Prepaid Start-up Charge for the remainder of the Contract Year in which the transfer occurred, but shall pay, for each Start-up, the Condition 1 Start-up Payment calculated pursuant to Equation D-1 in Schedule D.

• Condition 1 is driven by reliability considerations, and conditions 2 and 3 are based on energy efficiency as defined by the Iowa Utilities Board.

• Part 1 for Condition 1 The CAISO may call upon the Unit to provide the following Ancillary Services as defined in the CAISO Tariff: Regulation Spinning Reserve Nonspinning Reserve Replacement Reserve Voltage Support (including synchronous condenser operation) Black Start If the Unit is otherwise generating, the Owner shall be required to operate the Unit within the Power Factor range of the Unit specified in Schedule A to provide Ancillary Services without additional compensation.

• If CAISO has issued a Dispatch Notice for Ancillary Services to a Unit under Condition 1, Owner may enter into Market Transactions for Energy or Ancillary Services at any level that does not preclude compliance with the Dispatch Notice.

More Definitions of Condition 1

Condition 1 means the Companies and their subsidiaries achieving not less than after tax net income of US$ 5 million as determined under United States Generally Accepted Accounting Principles consistently applied (“US GAAP”) for the fiscal year ended December 31, 2009.

Condition 1. All three triggering conditions associated with a lower numbered LIP Stage, as described in Table LIP-4, are met. OR • Condition 2: High Rock Reservoir water elevations return to at or above the NME plus 2.5 ft. OR • Condition 3: High Rock Reservoir water elevations return to at or above the NME for 2 consecutive weeks.

Condition 1 means in respect of a Component, CNYmat fixes above the relevant Barrier and at or below the relevant Strike, subject to the Target Redemption Feature and Conditions.

Condition 1 means the Company filing with the U.S. Securities and Exchange Commission (the “SEC”) its quarterly report on Form 10-Q for the fiscal quarter ended November 30, 2009.

Condition 1 means the Road Board has approved a work program for preventive maintenance of the national roads for FY 2008, FY 2009, FY 2010, FY 2011, respectively, and has allocated sufficient funds therefor, in each case, based on a program developed and prioritized by DPWH using its planning systems and survey information;

Condition 1 means the entry by Purchaser, the Company and FUYI into the School Agreements.

Condition 1 means the entry of a binding employment agreement between Mr. Hexi Feng and Telstar for a term of not less than five years, where Mr. Hexi Feng will serve as the Chief Executive Officer of Telstar.