Proportional Amount definition

Proportional Amount has the meaning set forth in Section 7.28.

Proportional Amount means the ratio obtained by dividing (x) the number resulting from subtracting the number of FTEs employed at the Project Facility on the relevant date or during the relevant period, from the Base Employment Number (as enumerated in the Project Agreement), by (y) BASE Employment Number. • Payment in Lieu of Taxes (PILOT) Agreement for each project will establish the terms for increased payments for the year following a performance failure. • Each year, CEO will meet with projects having a higher Proportional Amount percent of FTEs in a previous year to assess business aspects that may lead to a performance failure in the current or subsequent years. This will mitigate a potential future failure by either terminating the project or amending the project agreement and PILOT with cause, and decreasing incentives.

Proportional Amount means Current Certificate Balances of Class A Certificates and/or Class B Certificates, depending on the context in which such term is used, in the proportion set forth in the Series Certificate Agreement.

Examples of Proportional Amount in a sentence

• The Agency’s goal is to minimize performance failures by providing technical assistance to potential projects prior to the submission of an application for benefits and in helping projects understand the Performance Based Incentive Policy as follows: • When a project does not achieve expected FTEs at the Project Facility by the dates set in the Project Agreement and falls below a Proportional Amount of 90%.

• To the extent that the Holder completes any Share Acquisition prior to the Vesting Termination Date, the Holder’s right to exercise the Proportional Amount of the purchase rights represented by this Warrant shall automatically vest immediately upon the consummation of the applicable Share Acquisition.

• If the amount of Charity provided in any Lease Year is less than the Minimum Charity Care Amount (both amounts prorated if such Lease Year is less than twelve (12) full calendar months), Base Rent payable for such Lease Year shall be reduced by the Proportional Amount.

• However, should the Securities remain undelivered past the 7th business day after the Delivery Date, then the Company shall pay to the Investors collectively $2,500 times the Proportional Amount per day until the Securities are actually delivered to the Investor.

• All corporate action required to be taken by the Board and stockholders in order to authorize the Company to enter into the Transaction Agreements, and to issue the Shares at the Initial Closing and the Common Stock issuable upon conversion of the Shares, has been taken or will be taken prior to the Initial Closing.

More Definitions of Proportional Amount

Proportional Amount shall have the meaning specified in Section 1(a).

Proportional Amount means initially $598,061,333 Class A Certificates to $31,476,912 Class B Certificates.

Proportional Amount means the sum of the change in local government levies and the change in utility fees divided by the number of manufactured home sites in the landlord's manufactured home park;

Proportional Amount means the proportion that the amount of an Award credited to an Account with respect to an Award Date bears to the total amount of Awards credited to all Accounts with respect to such Award Date that have not been forfeited or paid pursuant to Section 9.

Proportional Amount has the meaning set forth in Section IV.B. HH. “Renewal Option” has the meaning set forth in Section III.B.

Proportional Amount. ' means Current CertiÑcate Balances of Class A CertiÑcates and/or Class B CertiÑcates, depending on the context in which such term is used, in the proportion set forth in the Series CertiÑcate Agreement.

Proportional Amount means the amount determined by multiplying Base Rent for a given Lease Year by a fraction, the numerator of which is the amount of Charity Care provided in such Lease Year and the denominator of which is the Minimum Charity Care Amount for such Lease Year (both amounts prorated if such Lease Year is less than twelve (12) full calendar months). Concurrently with the payment of Base Rent for each Lease Year, Tenant shall provide an accounting, certified by a Responsible Officer and in form reasonably acceptable to Landlord, of the amount of Charity Care provided in such Lease Year. Tenant shall also provide an accounting on a semi-annual basis on or before the 1st day of each March and September of each Lease Year, detailing Charity Care provided in the six months then most recently completed (such semi-annual accountings to be preliminary calculations based on information then available to Tenant). Landlord may, within 30 days after receiving Tenant’s accounting of Charity Care for a Lease Year, give Tenant written notice (“Review Notice”) that Landlord intends to review Charity Care for such Lease Year. Within a reasonable time and not later than 30 days after receipt of the Review Notice, Tenant shall make all pertinent records available for inspection that are reasonably necessary for Landlord to conduct its review. If Landlord determines, in its sole judgment, that the amount of Charity Care is other than as reported by Tenant, Landlord and Tenant shall work together in good faith to resolve the discrepancy and, if the amount remains in dispute, Landlord shall engage a regionally recognized, independent CPA firm to audit Tenant’s records and to certify the amount of Charity Care for such Lease Year in accordance with this Section IV.B and such certified amount shall be the final determination. Landlord and Tenant shall each be responsible for one-half of the expenses and fees incurred for the audit. If the amount of Charity Care, as determined by Landlord, or, if Tenant disputes Landlord’s determination, as determined by the CPA firm, is less than the amount reported by the Tenant, Tenant shall pay Landlord within 30 days after written notice thereof from Landlord the amount of unpaid Base Rent that would have been payable if calculated utilizing the finally determined amount of Charity Care. If the amount of Charity Care, as determined by Landlord, or, if Tenant disputes Landlord’s determination, as determined by the CPA firm, is more than the amount r...