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.

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 after tax net income of US$ 4 million as determined under US GAAP, for the fiscal year ended June 30, 2012.

Examples of Condition 2 in a sentence

• 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.

• Amounts then due shall include: (i) charges for all Billable MWh and Ancillary Services provided under this Agreement and not previously invoiced; (ii) the Long-term Planned Outage Adjustment under Section 8.6. and (iii) refunds described in section 9.1(f) for Condition 2 Units.

• If a Unit is transferred from Condition 1 to Condition 2 during a Contract Year, Owner shall credit to CAISO on the first invoice after the transfer is effective an amount computed by multiplying (i) the positive difference, if any, of the Prepaid Start-ups minus the Counted Start-ups by (ii) the Prepaid Start-up Cost.

• Condition three (Arrangements are admitted, or subject to litigation/prosecution or identified in a published list (Spotlights)) X’s activity in Condition 2 is, where applicable, subject to dispute and/or litigation as follows: In respect of (a), either X: Has accepted the terms of an offer made under a Contractual Disclosure Facility (CDF) pursuant to the Code of Practice 9 (COP9) procedure8; or, Has been charged with an offence of fraudulent evasion.

• Property (If part only, accurately describe part) The Vendor’s property at: Address: 0 XXXXXX XXXXXX Suburb:CARLTON State: TAS Postcode: 7173 Property Identifier Number: 5921749 As described by Title Reference(s): 198836/1 Chattels (List the Chattels included in this sale or attach annexure) LAND ONLY Sale Price (See Standard Condition 2) $ ……………………………….……………………………….…………………………………………....................

More Definitions of Condition 2

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 December 24, 2007 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$ 2 million as determined under US GAAP for the fiscal year ended December 31, 2010.

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

Condition 2. ACCEPTANCE TESTING & QUALITY ASSURANCE:

Condition 2 means the total gross revenue of Telstar and its subsidiaries for the fiscal year ended December 31, 2010 is not less than $5,000,000 as determined under United States Generally Accepted Accounting Principles consistently applied (“US GAAP”).

Condition 2 means the Company filing with the SEC its quarterly report on Form 10-Q for the fiscal quarter ended February 28, 2010.