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
Compliance by the Contractor with a notice issued under clause 5.3 or clause 5.4 is a Recalculation Event but, for the purposes of the recalculation and subsequent calculation of the Service Charge, the new vehicle which the Contractor uses in complying with clause 5.3 or 5.4 (as the case may be) will be taken to have the seating capacity specified by the Authority in its notice given under clause 5.3 or 5.4 (as the case may be), regardless of the actual seating capacity of the new vehicle.
PART 1 Recalculation as a result of a Recalculation Event When a Recalculation Event specified in the first column occurs, the Service Charge is to be recalculated to incorporate the changed circumstance specified in the second column.
In addition, if applicable, upon the occurrence of any Recalculation Event, ENEL will publish on its website the relevant Updated Target.
More Definitions of Recalculation Event
Recalculation Event is defined in Section 8.5(a).
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 (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 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 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 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 means, any change, which occurs between the Issue Date of a Series of Sustainability-Linked Notes and the relevant Target Observation Date(s) (i) in the Group’s perimeter (due to an acquisition, a merger or a demerger or other restructuring (scission or apport partiel d'actifs), an amalgamation, a consolidation or other form of reorganisation with similar effect, a spin-off, a disposal or a sale of assets); (ii) in or any amendment to any applicable laws, regulations, rules, guidelines and policies relating to the business of the Group; or (iii) to the methodology for calculation of any Key Performance Indicator to reflect changes in the market practice or the relevant market standards, which, individually or in aggregate, has a significant impact on the level of any Sustainability Performance Target or any Key Performance Indicator baseline.