Entitlement Share definition

Entitlement Share means the percentage entitlement of each Project Participant as set forth in Exhibit B of this Agreement (entitled “Schedule of Project Participant Entitlement Shares and Step-Up Allocation Caps”) attributable to each such Project Participant, as may be amended pursuant to Section 4.2 or 12.8.
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Entitlement Share means, with respect to each Purchaser, the gallons of Water set forth below:
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Entitlement Share means, with respect to a Participant and with respect to the facilities of the Project, the percentage of the final output and services to be delivered as set forth in the following Schedule of Entitlement Shares; provided, however, that in the event any one or more of the Participants listed in the following schedule elect to withdraw from participation in any future obligations or projects, the Entitlement Shares of the remaining Participants, as such Entitlement Shares are set forth in each column of the following schedule, shall be increased pro-rata in order that the sum of the remaining Entitlement Shares of the remaining Participants when so adjusted shall total 100%: ENTITLEMENT PARTICIPANT SHARE XXXXXX COUNTY W&S AUTHORITY 71.2% OCONEE COUNTY 28.8%
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Examples of Entitlement Share in a sentence

  • The initial offering shall be to each Non-Defaulting Project Participant on a pro rata share, based on such Non-Defaulting Project Participant’s Entitlement Share.

  • Each Project Participant may accept or reject the portion of the Defaulting Project Participant’s Entitlement Share.

  • The CCP Manager shall conduct subsequent offering rounds until either the total amount of the Defaulting Project Participant’s Entitlement Share is accepted by one or more of the Non-Defaulting Project Participants or some portion of the Defaulting Project Participant’s Entitlement Share remains, but all Non-Defaulting Project Participants have rejected such remaining amount.

  • Upon allocation of a defaulting Project Participant’s Entitlement Share pursuant to this Section 12.8(b), the CCP Manager shall cause each affected Project Participant’s Entitlement Share specified in Column D of the Table in Exhibit B to be modified in accordance with this Section 12.8.

  • If any CCP Member wishes to accept any or all of the remaining portion of the Entitlement Share Reduction Amount, such action shall require the CCP Member to become a Project Participant through an amendment to this Agreement, which shall be subject to the consent and approval of all Parties to this Agreement and the CCP Member becoming a Project Participant.

  • Each Project Participant’s initial Entitlement Share as of the Effective Date shall be set forth in Column B of the Table provided in Exhibit B of this Agreement (entitled “Schedule of Project Participant Entitlement Shares and Step-Up Allocation Caps”).

  • If there is any portion of the Entitlement Share Reduction Amount that remains unaccepted after the process specified in paragraph (a)(i)(B) is complete, then the Project Participant proposing to reduce its Entitlement Share may request that the CCP Manager offer the remaining portion of the Entitlement Share Reduction Amount to CCP Members that are not Project Participants.

  • In such case, the CCP Manager shall oversee the offering of the total amount of the Defaulting Project Participant’s Entitlement Share to the Non-Defaulting Project Participants on a voluntary basis.

  • If the allocation of a Defaulting Project Participant’s Entitlement Share pursuant to Section 12.8(b) would cause any Non-Defaulting Project Participant’s Entitlement Share to exceed its Step-Up Allocation Cap, then no allocation shall occur pursuant to Section 12.8(b).

  • Unless a representative requests an Alternate Normal Vote, pursuant to paragraph (e)(iii), all actions requiring a Normal Vote, as specified in Section 6.4(b) or 6.4(d), shall require an affirmative vote of at least fifty-one percent (51%) of the total number of Project Participants, without regard to each Project Participant’s Entitlement Share.


More Definitions of Entitlement Share

Entitlement Share means the volume as set out in clause 7 against which water allocations are made;’
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Entitlement Share means, with respect to each Participant, that percentage of desired capacity shown opposite the name of such Participant in Exhibit A attached hereto.
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Entitlement Share means the portion, measured in MWac, of the Contract Amount to which a Solar Participant is entitled pursuant to its PPC.
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Entitlement Share means the percentage entitlement of each Operation Participant for the Project as set forth in the PPSA, as may be amended pursuant to Section 4.2
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Entitlement Share means that amount of water available for purchase from Seller as shown on the attached Schedule B. This amount may be amended, based on future expansion projects that Xxxxx may agree to participate in, which are and mutually agreed upon by both Xxxxx and Seller.
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Related to Entitlement Share

  • Entitlement means the entitlement specified as such in the definition of the relevant Series, subject to any adjustment in accordance with Product Condition 4;

  • Entitlement Holder means, with respect to any financial asset, a Person identified in the records of the Securities Intermediary as the Person having a Security Entitlement against the Securities Intermediary with respect to such financial asset.

  • Conversion Share means any share of Common Stock issued or issuable upon conversion of any Note.

  • Consideration Shares shall have the meaning set forth in Section 2.7(c).

  • Per Share Purchase Price equals $1.00, subject to adjustment for reverse and forward stock splits, stock dividends, stock combinations and other similar transactions of the Common Stock that occur after the date of this Agreement.

  • Eligible Shares has the meaning set forth in Section 4.1(a).

  • uncertificated share means a share of a class which is at the relevant time a participating class, title to which is recorded on the register as being held in uncertificated form and references in these articles to a share being held in uncertificated form shall be construed accordingly;

  • Adjustment Shares shall have the meaning set forth in Section 11(a)(ii) hereof.

  • Per Share Consideration means (i) if the consideration paid to holders of the Common Stock consists exclusively of cash, the amount of such cash per share of Common Stock, and (ii) in all other cases, the volume weighted average price of the Common Stock as reported during the ten (10) trading day period ending on the trading day prior to the effective date of the applicable event. If any reclassification or reorganization also results in a change in shares of Common Stock covered by subsection 4.1.1, then such adjustment shall be made pursuant to subsection 4.1.1 or Sections 4.2, 4.3 and this Section 4.4. The provisions of this Section 4.4 shall similarly apply to successive reclassifications, reorganizations, mergers or consolidations, sales or other transfers. In no event will the Warrant Price be reduced to less than the par value per share issuable upon exercise of the Warrant.

  • Restricted Share Unit means the right granted to a Participant pursuant to Article 7 to receive a Share at a future date.