First Target definition

First Target has the meaning set forth in Section 2.5(a)(i).

First Target has the meaning set forth in Section 3.6.

First Target has the meaning given to such term in Section 3(b)(i).

Examples of First Target in a sentence

• In the event of a distribution of Available Cash that is deemed to be from Capital Surplus, the then applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, shall be reduced in the same proportion that the distribution had to the fair market value of the Common Units prior to the announcement of the distribution.

• According to the Partnership Agreement, the General Partner receives cash distributions as follows:Distributions of Available Cash are made 98% to limited partners and 2% to the General Partner (giving effect to the 1.01% interest of the General Partner in distributions of Available Cash from AmeriGas OLP to the Partnership) until Available Cash exceeds the Minimum Quarterly Distribution of $0.55 and the First Target Distribution of $0.055 per Common Unit (or a total of $0.605 per Common Unit).

• First Target Distribution and Second Target Distribution shall also be subject to adjustment pursuant to Section 6.8.

• The First Target Company is a company incorporated in the BVI and a direct wholly-owned subsidiary of the Vendor.

• Thereafter, 50% to all Unitholders, Pro Rata, and 48% to the holders of the Incentive Distribution Rights, Pro Rata, and 2% to the General Partner; provided, however, if the Minimum Quarterly Distribution, the First Target Distribution and the Second Target Distribution have been reduced to zero pursuant to the second sentence of Section 6.6(a), the distribution of Available Cash that is deemed to be Operating Surplus with respect to any Quarter will be made solely in accordance with Section 6.4(b)(iv).

More Definitions of First Target

First Target means [ ] of the revenue (Company recognizable) forecast for the Big Mac Business in the First Performance Period.

First Target has the meaning set forth in the definition of “Directed to”.

First Target has the meaning set forth in Section 2.8(c) of the Merger Agreement.

First Target shall have the meaning set forth in the Research Agreement.

First Target means Staphylococcus aureus.

First Target has the meaning set forth in Section 3.2(a)(i).

First Target means cumulative revenues of $4.3 million prior to September 30, 1998 and operating income for the month ended October 31, 1998 shall be greater than or equal to zero; "SECOND TARGET" means cumulative revenues and cumulative operating income (loss) of $12,510,000 and ($1,087,000), respectively, by March 31, 1999; the "THIRD TARGET" means cumulative revenues and cumulative operating income of $24,925,000 and $656,000, respectively, by December 31, 1999; and "CUMULATIVE REVENUES" and "CUMULATIVE OPERATING INCOME (LOSS)" shall be calculated based on revenues and operations of the Company commencing on January 1, 1998 and ending on the applicable measurement date.