Primary Basis definition

Primary Basis means the nature of a right granted to the holder of a Radio Spectrum Licence, pursuant to which the licensee is the only Person authorized to use the specified frequencies who is also entitled to protection from: (1) Harmful Interference caused by any other licensee who may be authorized to use the same spectrum on a Secondary Basis; and (2) claims of Harmful Interference by any such licensee;
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Primary Basis means the nature of a right granted to the holder of a Radio Spectrum Licence, pursuant to which the licensee is the only Person authorized to use the specified frequencies;
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Primary Basis means that the Realisation Amount (or such part thereof) shall be applied (following payment of (1) all amounts due to the Trustee under or pursuant to the Trust Deed, including any costs, expenses and taxes incurred in respect of the relevant Series in connection with enforcement or realisation in accordance with the Trust Deed or any Charging Document, and (2) all amounts due to the Principal Paying Agent, the Custodian, any Paying Agent and the Redemption Agent (pari passu and pro rata among them) under or pursuant to the Agency Agreement) first, pro rata and on a pari passu basis in meeting the claims of the Noteholders, the Receiptholders and the Couponholders under the Notes, the Receipts and the Coupons then outstanding (if applicable, applied in accordance with the relevant ranking of each Class within a Series) and thereafter in meeting the claims of the Swap Counterparty (if any) under the Swap Agreement;
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Examples of Primary Basis in a sentence

  • Coverage shall include Garage Liability and Garage Keepers on a Direct Primary Basis, including Auto Physical Damage, with limits of not less than $1,000,000 each accident Bodily Injury and Property Damage combined liability and Actual Cash Value auto physical damage.

  • Coverage shall include Garage Liability and Garage Keepers on a Direct Primary Basis, including Auto Physical Damage, with limits of not less than $1,000,000 for each Garage Keepers and Garage Liability, including Bodily Injury and Property Damage combined liability and Actual Cash Value auto physical damage.

  • Lynnwood shall be Additional Insured on a Primary Basis for the General Liability coverage without limitation, and shall include others if required by the Contract documents.

  • If the Actual Treatment Cost for any year is greater than or equal to [typically 110%] percent or less than or equal to [typically 90%] percent of the Calculated Treatment Cost, the Department will calculate a new Primary Basis Valuation using the Formula and the newly determined Actual Treatment Cost.

  • However, the amount of surplus funds transferred to the Primary Trust Account may exceed [Operator’s] obligation under paragraph 7.g. if additional funds are needed so that the Primary Trust Valuation equals the Primary Basis Valuation.

  • A new Primary Target Valuation will then be determined by calculating [typically 116%] percent of the new Primary Basis Valuation.

  • Such coverage shall be on a Primary Basis, and the parties agree that any insurance relating to the Subject Property or otherwise as maintained by Contractor or the owner of the Subject Property shall be excess and non-contributory, If any policy contains a general aggregate limit then the policy shall be endorsed to provide a per project aggregate limit for the Work under this Agreement.

  • Such coverage shall be on a Primary Basis, and the parties agree that any insurance relating to the Subject Property or otherwise as maintained by Contractor or the owner of the Subject Property shall be excess and non-contributory.

  • USER has the discretionary option to procure this accident insurance coverage on either an Excess Insurance Basis or Primary Basis.


More Definitions of Primary Basis

Primary Basis means a primary service has priority over all other users of the spectrum band and is entitled to protection from harmful interference by other services;
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Primary Basis means the nature of a right granted to the holder of a Radio SpectrumLicense, pursuantto which the Licensee is the only Person authorized to use the specified frequencies on a Primary Basis, and that is also entitled to protection from:
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Primary Basis means that the Realisation Amount shall be applied (having taken into account all amounts due to the Trustee under the Trust Deed as described above) first, pro rata and on a pari passu basis in meeting claims of the Noteholder(s), the Receiptholders and the Couponholders under the Notes, the Receipts and the Coupons (if applicable, applied in accordance with the relevant ranking of each Class within a Series) and thereafter, pro rata and on a pari passu basis, in meeting the claims of the Swap Counterparty (if any) and the Counterparty (if any) under the Charged Agreement(s);
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Related to Primary Basis

  • 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 Total turnover means the turnover in a State or a Union territory, as defined under sub-section (112) of section 2, excluding the value of exempt supplies other than zero-rated supplies, during the relevant period;

  • Positive Basis means, with respect to any Partner and as of any time of calculation, the amount by which the total of the Partners’ Capital Accounts as of that time exceeds the Partner’s “adjusted tax basis,” for U.S. federal income tax purposes, in the Partner’s Units in the Partnership as of that time (determined without regard to any adjustments made to the “adjusted tax basis” by reason of any Transfer or assignment of Units, including by reason of death). As used in this Section 5.8, the term “Positive Basis Partner” means any Partner who or that withdraws from the Partnership and who or that has a Positive Basis as of the effective date of the Partner’s withdrawal. As used in this Section 5.8, the term “Negative Basis” means, with respect to any Partner and as of any time of calculation, the amount by which the Partner’s “adjusted tax basis,” for U.S. federal income tax purposes, in the Partner’s Units in the Partnership as of that time (determined without regard to any adjustments made to the “adjusted tax basis” by reason of any Transfer or assignment of Units, including by reason of death, and without regard to such Partner’s share of the liabilities of the Partnership under section 752 of the Code) exceeds the Partner’s Capital Account as of such time. As used in this Section 5.8, the term “Negative Basis Partner” means any Partner who or that withdraws from the Partnership and who or that has a Negative Basis as of the effective date of the Partner’s withdrawal.

  • Consolidated Total Net Debt means, as of any date of determination, the aggregate principal amount of Indebtedness of the Borrower and its Restricted Subsidiaries outstanding on such date, in an amount that would be reflected on a balance sheet prepared as of such date on a consolidated basis in accordance with GAAP (but excluding the effects of any discounting of Indebtedness resulting from the application of purchase accounting in connection with the Transactions or any Permitted Acquisition), consisting of Indebtedness for borrowed money, purchase money indebtedness, Attributable Indebtedness, and debt obligations evidenced by promissory notes, bonds, debentures, loan agreements or similar instruments, minus the aggregate amount of all unrestricted cash and Cash Equivalents on the balance sheet of the Borrower and its Restricted Subsidiaries as of such date; provided that Consolidated Total Net Debt shall not include Indebtedness (i) in respect of letters of credit (including Letters of Credit), except to the extent of unreimbursed amounts thereunder; provided that any unreimbursed amount under commercial letters of credit shall not be counted as Consolidated Total Net Debt until three Business Days after such amount is drawn, (ii) for the avoidance of doubt, Non-Financing Lease Obligations and (iii) of Unrestricted Subsidiaries; it being understood, for the avoidance of doubt, that obligations under Swap Contracts do not constitute Consolidated Total Net Debt.

  • Consistent Basis in reference to the application of GAAP means the accounting principles observed in the period referred to are comparable in all material respects to those applied in the preparation of the audited financial statements of the Borrower referred to in Section 6.6(a).