Condition 2 definition

Condition 2 means the terms of this Agreement applicable to a Unit providing service under Condition 2 as described in Section 3.1.

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Condition 2 means the Company achieving not less than 0.5 million US Dollar in after-tax net income, as determined under United States Generally Accepted Accounting Principles consistently applied (“US GAAP”) for the fiscal year ended December 31, 2009.

Condition 2 means the Company and its subsidiaries achieving not less than 80% of US$18 million in after-tax net income, as determined under United States Generally Accepted Accounting Principles consistently applied (“US GAAP”) for the fiscal year ended December 31, 2010.

Examples of Condition 2 in a sentence

• Description of the Early Termination Condition: SEE APPENDIX TO ADDENDUM The Approving Authority (as that term is defined in Schedule A) is: The date by which Condition #2 is to be satisfied is the day of , 20 .

• Condition 2 - The Public Education Department (PED) may waive the individual class load and teaching load requirements established in state statute upon demonstration of a viable alternative curricular plan (i.e. Block Scheduling) and a finding by the PED that the plan is in the best interest of the school district and that, on an annual basis, the plan has been presented to and is supported by the affected teaching staff.

• Condition 2: Call diversion due to instances such as PSAP offline or evacuated (also known as abandonment) or call handling equipment is offline due to a network outage.

• Description of the Early Termination Condition: The Approving Authority (as that term is defined in Schedule A) is: The date by which Condition #2 is to be satisfied is the day of , 20 .

More Definitions of Condition 2

Condition 2 means the Company and its subsidiaries achieving not less than after tax net income of US$ 4 million as determined under US GAAP, for the fiscal year ended June 30, 2012.

Condition 2 means the United States Securities and Exchange Commission declaring a registration statement filed by the Company under the Securities Act of 1933 effective, or investors who purchased Common Stock from the Company pursuant to the Securities Purchase Agreement dated as of _______________ being able to sell their Common Stock under Rule 144, as then effective under the U.S. Securities Act of 1933, as amended.

Condition 2 means the Companies and their subsidiaries achieving not less than after tax net income of US$ 8 million as determined under US GAAP for the fiscal year ended December 31, 2010.

Condition 2 means the Company achieving not less than 0.5 million US Dollar in consolidated after-tax net income, as determined under United States Generally Accepted Accounting Principles consistently applied (“US GAAP”) for the fiscal year ended September 30, 2010.

Condition 2 means the Companies and their subsidiaries achieving not less than after tax net income of US$ 2 million as determined under US GAAP for the fiscal year ended December 31, 2010.

Condition 2. The net asset value development after deduction of all costs calculated from the performance start date exceeds the according development of the performance benchmark calculated from the performance start date, whereas the development of the performance benchmark is assumed with a lower floor of zero percent. For example if the sub-fund’s performance is +7% and the benchmark’s performance is -3% then the actual outperformance is recorded as 7% (and not 10%). There is only a claim to a performance fee if both conditions are met. The performance fee is calculated on each valuation day and if the conditions are met according provisions are made and/or existing provisions are adjusted. Performance fees (if any) are paid annually and only in case the conditions are met for the defined performance period.

Condition 2. ACCEPTANCE TESTING & QUALITY ASSURANCE: