Proviso definition

Proviso means that for Borrower's fiscal quarters ending prior to the fiscal year ending on or about August 31, 1998, Consolidated EBITDA, as referred to in the Leverage Ratio, shall be calculated as follows: (a) for the fiscal year ending on or about August 31, 1997, Consolidated EBITDA shall be calculated as disclosed in the pro forma statement provided by Borrower to Agent on or about July 30, 1997, (b) for the fiscal quarter ending on or about November 30, 1997, Consolidated EBITDA shall be annualized by multiplying the Consolidated EBITDA for that fiscal quarter by four (4), (c) for the fiscal quarter ending on or about February 28, 1998, Consolidated EBITDA shall be annualized by multiplying the Consolidated EBITDA for that fiscal quarter and the previous fiscal quarter by two (2), and (d) for the fiscal quarter ending on or about May 31, 1998, Consolidated EBITDA shall be annualized by multiplying the Consolidated EBITDA for that fiscal quarter and the three (3) previous fiscal quarters by one and one-third (1.333).

Proviso means Normandy in consultation with Newmont taking all necessary actions to vigorously defend any application or proceeding for orders, judgments, determinations or declarations made under a Challenge before a Court or the Takeovers Panel which, if granted, made or allowed would in any way interfere with Normandy making the Payment in accordance with the terms of the Deed of Undertaking; and Normandy, at Newmont's cost, seeking to join Newmont as a party to such application and proceedings in which the Challenge is made or brought; and Normandy, at Newmont's direction, initiating all Appeal Rights from a decision of a Court or the Takeovers Panel which has the effect or result of preventing the Payment from being made to Newmont.

Proviso means that:

Examples of Proviso in a sentence

• Proviso (b) to section 115R(2) of the Act provides exemption to equity oriented mutual funds from paying distribution tax on income distributed to unit holders.

• BLOCK Advertised Before Acceptance Under Section 15(1) (Proviso).

• Text of New Proviso with Underline or Entire Existing Proviso Text with Strikeover and Underline(For a copy of the existing proviso, see A.

• Proviso Allocations) In the event an official General Fund revenue shortfall is declared by the Board of Economic Advisors, the Department of Education may reduce any allocation in Section 1 specifically designated by proviso in accordance with the lower Board of Economic Advisors revenue estimate as directed by the Executive Budget Office, except the additional EFA allocation to the South Carolina Public Charter School District.

• A Bidder shall not be eligible to submit a Bid in relation to the sale of the Company if it fails to meet the Legal Criteria as set out below: Legal Criteria: Proviso to Section 35A (f) of the IBC provides that the Liquidator shall not sell the assets of the Company to any person who is not eligible to be a resolution applicant.

More Definitions of Proviso

Proviso. The meaning specified in Section 3.5(d).

Proviso has the meaning set forth in Section 8.06(a) (Disclosure of Information);

Proviso means language that qualifies or restricts a specific appropriation and which can be logically and directly related to the specific appropriation.

Proviso the foregoing provisions of this Clause 52 are subject to the proviso that no Re-run shall be carried out, and neither the Executive Committee nor any Party shall be entitled to requrie that a Re-run be carried out, in respect of a Settlement Day or any part thereof after the first anniversary of such Settlement Day, but so that this proviso shall not restrict the right of any Party to claim or recover any moneys properly due and owing to it under this Agreement. 165

Proviso or “Annexure” is to a recital to, subclause of, proviso of or annexure to this Agreement;

Proviso means that the terminating party has given notice to the other party setting out the relevant circumstances and stating an intention to terminate this Deed.

Proviso bears the meaning given to it in Clause 5.1;