First Measuring Period definition

First Measuring Period. The period of 13 consecutive calendar months commencing on the date that Celtic delivers the Initial Capital Notice.
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First Measuring Period means the period of time from the Closing Date to the earlier to occur of (i) the end of the calendar month that Seller achieves the First Additional Earn Out Threshold (after previously obtaining the First EBITDA Target) or (ii) receipt of a Termination Notice by Buyer (only if Seller has met the First EBITDA Target) or (iii) 11:59 p.m. on April 30, 2006.
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First Measuring Period is defined in Exhibit C hereto.
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Examples of First Measuring Period in a sentence

  • If there is no First Measuring Period then this paragraph shall have no effect.

  • Shares were allocated under the stock plan effective October 1, 1987, for the "First Measuring Period," October 1, 1990, for the "Second Measuring Period," and October 1, 1993, for the "Third Measuring Period." To be eligible for a grant, a principal must consent in writing to observe the restrictions imposed on the shares.

  • No later than 45 dxxx xxter the last day of each of the First Measuring Period and the Second Measuring Period SLM shall provide to the Shareholders a statement (the "Preliminary Release Calculation") signed by its Chief Executive Officer or another person designated by the Board of Directors of Celtic setting out in detail the calculation of API, ACI and the number of Escrow Shares to be released.

  • In accordance with Section 2.6(b), Seller’s receipt of any of the Earn Out Payment shall be based upon Seller’s achieving certain EBITDA targets for the First Measuring Period and the Second Measuring Period, except where there are indemnity claims by Buyer for the earned portion of the Earn Out Payment, if any or as otherwise provided under Section 5.17.

  • The Post Closing Payment for the First Measuring Period will not be less than $[*], except as may be further reduced by [*] Account Calculation set forth 12869498.1 below.

  • For the First Measuring Period ended September 30, 1990, the Second Measuring Period ended September 30, 1993, and the Third Measuring Period ended September 30, 1996, the number of shares originally granted were doubled under the Stock Plan because the Company's total return to shareholders placed it in the top quartile compared to the total return performance of the Peer Group companies.

  • By way of example only, if Net Revenue during the calendar year ending [*] is $[*], and the Closing Date is [*], then $[*] of such amount will be used in calculating whether the Net Revenue Target for the First Measuring Period has been satisfied.

  • For example, if the Warrant Holder has Net Fares of $40 million during the first Measuring Period and Net Fares of $45 million during the second Measuring Period, then the Warrant Holder will earn the right to exercise Warrants for 2.5% of the Fully Diluted Equity at the end of the First Measuring Period and [**] = Confidential treatment requested for redacted portions.

  • For purposes of the Second Measuring Period, [*]% of the excess of Net Revenue in the First Measuring Period over the Net Revenue Target for the First Measuring Period shall be carried over and credited toward the achievement of the Net Revenue Target in the Second Measuring Period.

  • For the First Measuring Period ended September 30, 1990, and for the Second Measuring Period ended September 30, 1993, the number of shares originally granted were doubled under the Stock Plan because the Company's total return to shareholders placed it in the top quartile compared to the total return performance of the Peer Group companies.


More Definitions of First Measuring Period

First Measuring Period has the meaning set forth in Section 2(b) below.
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First Measuring Period means the period beginning on the Earn-Out Commencement Date and ending on the first anniversary of the Earn-Out Commencement Date.
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Related to First Measuring Period

  • Measuring Period means the period of four consecutive fiscal quarters ended on the last day of the Fiscal Quarter most recently ended as to which operating statements with respect to a Real Property have been delivered to the Lenders.

  • Equity Conditions Measuring Period means each day during the period beginning twenty (20) Trading Days prior to the applicable date of determination and ending on and including the applicable date of determination.

  • Net metering period means the 12-month period following the date of final interconnection of the

  • Performance Measurement Period has the meaning set forth in Section 3.1(e)(ii).

  • Monitoring Period means the period from the Launch Date to the Valuation Date (both dates including) at such point in time at which the Reference Price of the Underlying is determined and published..

  • Measuring Date means November 18, 2010.

  • Start-up Period means up to a maximum of 7 Academy Financial Years and covers the period up to and including the first Academy Financial Year in which all age groups are present at the Academy (that is, all the pupil cohorts relevant to the age-range of the Academy will have some pupils present).

  • Ramp-Up Period means the period from and including the Effective Date to, but excluding, September 23, 2016.

  • Applicable Measurement Period means the most recently completed four consecutive fiscal quarters of the Issuer immediately preceding the Applicable Calculation Date for which internal financial statements are available.

  • Adjusted Term SOFR Rate means, for any Interest Period, an interest rate per annum equal to (a) the Term SOFR Rate for such Interest Period, plus (b) 0.10%; provided that if the Adjusted Term SOFR Rate as so determined would be less than the Floor, such rate shall be deemed to be equal to the Floor for the purposes of this Agreement.

  • Qualifying Period means 12 continuous Calendar Weeks during the whole or part of which the Agency Worker is supplied by one or more Temporary Work Agencies to the relevant Hirer to work temporarily for and under the supervision and direction of the relevant Hirer in the same role, and as further defined in the Schedule to these Terms;

  • Ramp Period The Ramp Period shall begin on the Effective Date and continue for a period of 3 months following the Effective Date. Commencing with the Effective Date and at all times during the Ramp Period thereafter, Customer will receive the rates, discounts, charges and credits set forth herein and will not be subject to the AVC. Annual Volume Commitment (“AVC”): $360,000 in Total Service Charges (“AVC”) during each contract year of the Term (following the expiration of the Ramp Period).

  • Award Period means the period beginning on an Award Date and ending on the expiration date of such Award.

  • Daily Measurement Value means the Specified Dollar Amount (if any), divided by 40.

  • Post-Closing Period means any taxable period (or portion thereof) beginning after the Closing Date.

  • Threshold Period shall have the meaning set forth in Section 6(d).

  • Accumulation Period Factor means, for any Collection Period, a fraction with:

  • Call Option Period has the meaning given to it in Condition 6.04 (Call Option);

  • Pre-Closing Period means any taxable period ending on or before the Closing Date.

  • Marketing Period means the first period of twenty (20) consecutive days after the date of this Agreement throughout and on the last day of which (a) Buyers shall have received all of the Required Information and such Required Information is Compliant (provided, that if the Company shall in good faith reasonably believe it has provided the Required Information and that the Marketing Period has commenced, it may deliver to Buyers a written notice to that effect (stating when it believes it completed such delivery), in which case the Marketing Period will be deemed to have commenced on the date of such notice unless Buyers in good faith reasonably believes the Marketing Period has not commenced and within two Business Days after the delivery of such notice by the Company, delivers a written notice to the Company to that effect (setting forth with specificity why they believe the Marketing Period has not commenced)), and (b) the conditions set forth in Article VII shall be satisfied or waived (other than the condition set forth in Sections 7.01(e) and 7.01(j) and other those that by their nature need not be satisfied until the Closing or are to be performed at Closing, but subject to the satisfaction or waiver of those conditions at such time); provided, that the Marketing Period shall not be deemed to have commenced if at any time during such twenty (20) consecutive day period (i) the applicable independent auditors of the Company shall have withdrawn any audit opinion contained in the Required Information, (ii) any Required Information ceases to be Compliant or (iii) the Company or its independent auditors determines that the Company must restate any historical financial statements or material financial information included in the Required Information (each of the conditions set forth in clauses (i) through (iii) above being referred to as a “Marketing Period Delay Condition”), then, in each case, the Marketing Period shall not be deemed to have commenced until the date on which such Marketing Period Delay Condition is cured, subject, in each case, to the conditions set forth in clauses (a) and (b) and clauses (i) through (iii) above (which may result in a subsequent Marketing Period Delay Condition). Notwithstanding anything to the contrary in this definition, (A) the Marketing Period shall not include any date from and including November 27, 2014 through and including November 28, 2014, and if such Marketing Period has not ended prior to December 19, 2014, such Marketing Period will not begin until January 5, 2015, (B) if the Required Information is Compliant and any of the Company’s applicable current or former independent accountants declines to issue customary comfort letters (including as to customary negative assurance comfort and change period) with respect to any Required Information, the Marketing Period shall end no earlier than five (5) days after all applicable independent accountants have issued such comfort letters, and (C) the Marketing Period shall terminate on the date on which the Debt Financing or the related financings described in the Debt Commitment Letters required to consummate the transactions contemplated hereby is consummated if such date is earlier than the last day of the twenty (20) consecutive day period described above (including any required extensions, as provided above).

  • Accumulation Period Amount means $41,666,666.67; provided, however, if the Accumulation Period Length is determined to be less than twelve (12) months pursuant to Section 3.10(b)(ii) of the Indenture Supplement, the Accumulation Period Amount shall be the amount specified in the definition of “Accumulation Period Amount” in the Indenture Supplement.

  • Testing Period means a single period consisting of the four consecutive fiscal quarters of the Borrower then last ended (whether or not such quarters are all within the same fiscal year), except that if a particular provision of this Agreement indicates that a Testing Period shall be of a different specified duration, such Testing Period shall consist of the particular fiscal quarter or quarters then last ended that are so indicated in such provision.

  • Performance Period means the one or more periods of time, which may be of varying and overlapping durations, as the Committee may select, over which the attainment of one or more Performance Goals will be measured for the purpose of determining a Participant’s right to, and the payment of, a Performance-Based Award.