Recalculation Event definition

Recalculation Event means that an opinion of a recognized independent tax counsel has been delivered to the Issuer or the Guarantor confirming (i) the occurrence of a Recalculation of Interest (as defined in the Conditions) or (ii) that the Issuer or the Guarantor, as applicable, is required pursuant to the Conditions to pay Additional Amounts (as defined in the Conditions) in respect of the Notes and this cannot be avoided by the Issuer or the Guarantor taking such reasonable measures as the Issuer or the Guarantor (acting in good faith) deems appropriate.

Recalculation Event means, in relation to each of the Scope 1 and 2 GHG Emissions and Scope 3 GHG Emissions from Fuel and Energy-related Activities Amount, Scope 1 and 2 GHG Emissions and Scope 3 GHG Emissions from Fuel and Energy-related Activities Baseline, Scope 1 and 2 GHG Emissions and Scope 3 GHG Emissions from Fuel and Energy-related Activities Percentage Threshold, Scope 3.1 and

Recalculation Event means the occurrence of either of the following events:

Examples of Recalculation Event in a sentence

• If the Board of Directors, in its sole discretion, determines that any change whatsoever in Federal, State, or local law, or in its application or interpretation, has materially affected, or will materially affect, the ability of the Corporation to recover the cost of providing the benefits otherwise payable under the Plan, then, if the Board of Directors so elects, a Recalculation Event shall be deemed to have occurred.

• If a Recalculation Event applicable to me occurs, the Employer shall pay to me benefits in an amount determined in accordance with the terms and conditions of paragraph 6.3 of the Plan paid in accordance with the terms elected below.

• If the Board of Directors, in its sole discretion, determines that any change whatsoever in Federal, State or local law, or in its application or interpretation, has materially affected, or will materially affect, the ability of the Corporation to recover the cost of providing the benefits otherwise payable under the Plan, then, if the Board of Directors so elects, a Recalculation Event shall be deemed to have occurred.

• That N X is a vector lattice under the specified operations is proved by D˘ane¸t in [12, Thm.

• If such Participant or Designated Beneficiary receives or is entitled to receive a benefit as result of the occurrence of a Recalculation Event, then no person or persons shall receive or be entitled to receive any benefit or payment under any other Section of this Plan or under any Deferral Agreement, notwithstanding any other provision of this Plan or the Deferral Agreement.

More Definitions of Recalculation Event

Recalculation Event is defined in Section 8.5(r) hereof.

Recalculation Event means the occurrence of (i) a significant change to the structure of the Group; or (ii) a significant change in methodology in calculation of Carbon Intensity (where Sustainability Performance Target (Carbon Intensity) is specified hereon) and/or Specific Freshwater Withdrawal (where Sustainability Performance Target (Specific Freshwater Withdrawal) is specified hereon)) that requires a recalculation of Carbon Intensity (where Sustainability Performance Target (Carbon Intensity) is specified hereon) and/or Specific Freshwater Withdrawal (where Sustainability Performance Target (Specific Freshwater Withdrawal) is specified hereon) for any reporting year (including, for the avoidance of doubt, any past reporting year), in each case as determined in good faith by Holcim Ltd;

Recalculation Event means the occurrence of an event that requires a recalculation of any applicable Sustainability Performance Baseline or Sustainability Performance Threshold for any Financial Year, including but not limited to (i) any event that requires Anglo American to change its calculation methodology following a significant change in data due to better data accessibility or discovery of data errors; and (ii) significant structural changes to the perimeter of the Group such as acquisitions, divestitures or mergers, mine closures, care and maintenance, large capital projects or as a result of a force majeure occurring, in each case as determined in good faith by Anglo American (which determination may, if deemed feasible and necessary by Anglo American, involve obtaining independent third party support such as a second party opinion);

Recalculation Event means the following events or actions (i) the voluntary exchange of any shares of Class B Common Stock for, or automatic conversion of any shares of Class B Common Stock to, shares of Class A Common Stock, (ii) the voluntary exchange of any Class D Common Stock for, or automatic conversion of any shares of Class D Common Stock to, shares of Class C Common Stock, (iii) the redemption (or alternatively, exchange), pursuant to Article XI of the LLC Agreement, of Common Units included in Class D Paired Interests for shares of Class A Common Stock, or (iv) any other event that would cause the Voting Securities held by BHC Holder to exceed the Voting Limit.

Recalculation Event means the occurrence of an event that requires a recalculation of any applicable Sustainability Performance Baseline or Sustainability Performance Target for any Financial Year, including but not limited to (i) any event that requires the Group to change its calculation methodology following a significant change in data, due to changes in GHG accounting methodology, better data accessibility, changes in laws and/or regulations or discovery of data errors or (ii) significant structural changes in the Group’s perimeter, such as mergers, acquisitions and divestments, large capital projects or (iii) as a result of a force majeure occurring, in each case as determined in good faith by the Issuer;

Recalculation Event means the occurrence of an event that requires a recalculation of the 2018 Total GHG Emissions Baseline (to the extent stated to be applicable in the applicable Final Terms) for any financial year of the Group due to such event having an impact on the relevant baseline equal to or above 5 per cent., including without limitation (i) any event that requires the Issuer to change its calculation methodology following a significant change in data due to better data accessibility or discovery of data errors; and (ii) significant structural changes to the perimeter of the Group such as acquisitions, divestitures or mergers, care and maintenance, large capital projects or as a result of a force majeure event occurring, in each case as determined in good faith by the Issuer (which determination shall involve obtaining independent third party support such as an Assurance Report provided by an External Verifier);

Recalculation Event is defined in Section 3.5(a).