Diluting Participant definition

Diluting Participant means a Participant who elects not to participate in an adopted Program and Budget to the full extent of its Participating Interest as described in Section 4.05;
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Diluting Participant has the meaning given in clause 12.5.
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Diluting Participant has the meaning ascribed thereto in Section 6.2(b).
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Examples of Diluting Participant in a sentence

  • The Participating Interest of the Non-Diluting Participant shall be increased by the amount of the reduction in the Participating Interest of the Diluting Participant.

  • The Participating Interest of such Diluting Participant will be reduced effective as of the date the adopted Program and Budget is commenced (the "Diluting Date").

  • A Diluting Participant shall retain all of its rights and all of its obligations (except as provided in Section 4.05(b) above and subject to the provisions of Section 4.06), including the right to participate in future Programs and Budgets at its recalculated Participating Interest.

  • The Participating Interest of such Diluting Participant is reduced effective as of the date the adopted Program and Budget is commenced (“Diluting Date”).

  • Diluting Participant shall be diluted and recalculated from time to time in accordance with the following formula: New Joint Venture Interest = A x 100 ------- B Where: A = the total amount of Joint Venture Expenditure contributed by the Diluting Participant at the date of calculation plus the deemed contribution of the Diluting Participant; B = the total amount of Joint Venture Expenditure contributed by the Participants at the date of calculation, plus the deemed contributions of both Participants.

  • If the Diluting Participant has the right to redeem its position as aforesaid, the Diluting Participant shall inform the Management Committee prior to the said meeting of its wish to do so.

  • A Diluting Participant shall retain all of its rights and all of its obligations (except as provided in Section 6.03(b) above and subject to the provisions of Section 6.04 (respecting elimination of minority interests)), including the right to participate in future Programs and Budgets at its recalculated Participating Interest.

  • A Diluting Participant under this Section 6.03 shall have the right to redeem its position and thus avoid dilution if the actual expenditures under the relevant adopted Program and Budget are at least 20% less than as originally set out in the adopted Program and Budget with respect to which the Participant elected to limit its contributions.

  • To highlight that this trend exists in the data, we plot the observed magnification bias at each redshift on the same axes in the right-hand panel of Fig.

  • The number of shares constituting such series shall be 10,582,011.

Related to Diluting Participant

  • Lower Tier Participant refers any participant who has entered into a covered transaction with a First Tier Participant or other Lower Tier Participants (such as subcontractors and suppliers).

  • FTR Participant means any Market Participant that provides or is required to provide Collateral in order to participate in PJM’s FTR auctions.

  • First Tier Participant refers to the participant who has entered into a covered transaction with a grantee or subgrantee of Federal funds (such as the prime or general contractor). “Lower Tier Participant” refers any participant who has entered into a covered transaction with a First Tier Participant or other Lower Tier Participants (such as subcontractors and suppliers).

  • L/C Participant shall have the meaning provided in Section 3.3(a).

  • Voting Participant has the meaning specified in Section 10.06(d).

  • Disabled Participant with respect to a loan if it has no right to exercise any voting or other control rights with respect to such loan (other than the right to approve amendments to the material economic terms of such loan).

  • Covered Participant means a Participant who is a “covered employee” as defined in Section 162(m)(3) of the Code, and the regulations promulgated thereunder, and any individual the Committee determines should be treated as such a covered employee.

  • Qualified Participant means an individual who is a participant of Tier 2 and who meets 1 of the following requirements:

  • Retired Participant means a person who has been a Participant, but who has become entitled to retirement benefits under the Plan.

  • Other Participant means a cooperative project participant other than the United States.

  • Non-Highly Compensated Participant means any Participant who is neither a Highly Compensated Employee nor a Family Member.

  • Section 162(m) Participant means any key Employee designated by the Administrator as a key Employee whose compensation for the fiscal year in which the key Employee is so designated or a future fiscal year may be subject to the limit on deductible compensation imposed by Section 162(m) of the Code.

  • Non-U.S. Participant means any Participant that if it were a Lender would qualify as a Non-U.S. Lender.

  • A Participant or beneficiary ("claimant") who has not received benefits under the Plan that he or she believes should be paid shall make a claim for such benefits as follows:

  • Highly Compensated Participant means any Highly Compensated Employee who is eligible to participate in the Plan.

  • Major Participant means each Equity Member and each member of the Proposer’s organization: (a) with primary responsibility for design; (b) with primary responsibility for construction; or (c) with a proposed subcontract with a value greater than or equal to 5% of the contract price or $20 million, whichever is greater.

  • Participant’s Account means an account maintained for each Participant’s participation in DSUs and/or RSUs under the Plan;

  • Grandfathered Stockholder has the meaning set forth in Section 1.1.

  • Non-Key Employee means any Employee who is not a Key Employee.

  • CDS Participant means a participant in CDS that holds security entitlements in Units on behalf of beneficial owners of those Units;

  • Participant has the meaning specified in Section 10.06(d).

  • Inactive Participant means each Participant (other than a Retired Participant, Deceased Participant or Disabled Participant) who is not in active service as an Outside Director and is not actively employed by a Participating Company.

  • Former Participant means a person who has been a Participant, but who has ceased to be a Participant for any reason.

  • Phantom Share means a right, pursuant to the Plan, of the Grantee to payment of the Phantom Share Value.

  • Sub-Grantee means a person or organization contracted by a Subrecipient that is compensated with CRF funds to provide administration of any portion of the CRF.

  • Initial Authorised Participant means BNP Paribas Arbitrage S.N.C. and any successor thereto.