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 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

• Condition 2 is included to ensure that, when the Works are constructed, the Works will meet the standards that apply at the time of construction to ensure the ongoing protection of the environment.

• Condition 2 is included to ensure that, when the Works are constructed, the Works will meet the standards that apply at the time of construction to ensure the ongoing protection of the environment..

• 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.

• The Board of the Regulated Fund will then either approve or disapprove of the investment opportunity in accordance with Condition 2, 6, 7, 8 or 9, as applicable.

• A Unit operating under Condition 2 shall not otherwise engage in Market Transactions.

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 April __, 2008 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. For any given year, the sum of newly available Initial Payment, Adjusted Payment for Prior Crop Year, and Increased Drying Cost will be the Payment Total.. Note that more than one of any type of payment may be included in a Payment Total when, for example, a YL model is accepted and applied to monitoring data from prior year(s). Only in years in which one and only one of each of these three elements is available and included in the Payment Total, and only when the Adjusted Payment for Prior Crop Year includes the full difference between loan rate and market value of a rice crop, will the Payment Total be a Qualifying Payment Total.

Condition 2. ACCEPTANCE TESTING & QUALITY ASSURANCE:

Condition 2 means 2 years after the Filing.