Performance Event definition

Performance Event means on any Offer Date of the relevant Additional Portfolio, each of the following events:

Performance Event means the occurrence and continuation of one of the events set forth on Exhibit C hereto.

Performance Event has the meaning given in clause 11.1(a).

Examples of Performance Event in a sentence

• Performance Event If an Actual LOR3 Event occurs during the Support Period (a Performance Event), the Operator must Bid at least 50% of the Contracted Capacity for each Trading Interval during the LOR Period for that Actual LOR3 Event.

• The Performance Coverage Capacity Ratio (PCCR) for each Performance Event during the Support Period is calculated as follows: PCCREvent = ACB / (50% x Contracted Capacity) Where: ACB = the average capacity (MW) Bid (or if section 6.3(b) applies, deemed to be Bid) by the Operator during the LOR Period.

• The Performance Coverage Time Ratio (PCTR) for each Performance Event during the Support Year is calculated as follows: PCTREvent = (BTI – NCBTI) / TI Where: BTI = the number of Trading Intervals in which the Operator Bid during the LOR Period.

More Definitions of Performance Event

Performance Event means the failure of Pioneer to be in compliance with any of the covenants set forth in Paragraph 4, 5, 6, 7, 8 and 9 of Section VIII hereof, such compliance to be determined by the Banks as of the last Business Day of each March, June, September and December by reference to Compliance Certificates delivered to the Banks by Pioneer pursuant to Section VIII (10) hereof.

Performance Event shall occur if, for two (2) consecutive calendar years, the compound annual growth rate of the Company’s same-store NOI is more than six hundred (600) basis points below the average compound annual growth rate of the Peer Group’s same-store NOI growth during such applicable periods where such average is calculated by adding the actual compound annual growth rate of each Peer Group member’s same-store NOI growth and dividing such amount by the total number of Peer Group members.

Performance Event means any of the events described in clause 17.2 (Termination by TfNSW for cause).

Performance Event means, at any time on or before December 31, 2015, but before the Company raises cumulatively $90,000,000 through a financing or series of financings, the Company’s consummation of a transaction resulting in a merger, sale of equity to a strategic partner at a price greater than then current Fair Market Value as defined in the 2013 Plan (as defined below), sale of assets, partnering, joint venture or licensing transaction, in each case yielding sufficient net cash proceeds to the Company to reduce the Company’s capital needs to complete the REGULATE-PCI study by at least $45,000,000, as determined by the Board of Directors or the Compensation Committee. For the avoidance of doubt, the Executive shall only be eligible to receive one Performance Event Bonus (i.e., in no event is the Executive eligible to receive a Performance Event Bonus for both 2014 and 2015). If the Executive does not become entitled to the Performance Event Bonus for 2014 or 2015, then he shall remain eligible for the regular Annual Bonus for 2014 and 2015 in accordance with the terms provided herein.”

Performance Event. A deployment request that does not fully perform the obligations set forth in this agreement by providing the Imbalance Capacity in full in the BPA timeframe specified shall be considered a “non-performance event,” resulting in Supplier’s forfeiture of the Capacity Payment portion of the Pricing Structure for the term of this agreement.

Performance Event has the meaning given in clause 4.4(a).

Performance Event has the meaning given in item 5.4 of Schedule 2 (“Annuity Product terms”).