Scenario 2 definition
Scenario 2. TOMs applicable to Support and Professional Offerings provided via remote access tools provided and controlled by Siemens.
Scenario 2. PTC exploits the Programme Intellectual Property on a For-Profit Basis through outlicensing of a Product to a Third Party on a worldwide, exclusive basis prior to Regulatory Approval.
a) The Parties shall hold an economic stake in the Product (“Base Shares”) calculated as of outlicensing effective date based on their respective economic contributions.
i) On the Commencement Date, PTC begins with $15 million Base Shares, and the Trust with zero.
ii) As the Trust pays the proposed ~$5 million US funding amount over the Programme Term, the Trust’s Base Share shall increase proportionately. By way of example, (a) [**].
iii) Following the Programme Term, PTC’s ownership of Base Shares shall increase proportionately based on the continuing economic contribution of PTC itself. By way of example, [**].
b) All consideration attributable to outlicensing to a Third Party (other than debt at arm’s length interest rates or bona fide research funding) shall be divided between PTC and the Trust according to relative Base Share ownership at the time of such outlicensing. By way of example, [**].
c) For clarity, once outlicensing under this scenario has occurred, then the milestones provided for in scenario 1 shall no longer apply following the effective date of the outlicense; provided, that if a milestone trigger event occurred prior to the outlicense but installment payments are ongoing, PTC must complete such milestone payments.
d) For clarity, neither PTC nor the Third Party gaining the outlicense shall make any royalty payments to the Trust under this scenario.
e) License or access payments to Third Parties for enabling technologies required, in the good faith judgment of PTC, to develop and commercialize a Product shall be counted in the calculation of Base Shares under this scenario; provided, however, that such payments shall not include license or access payments made with respect to the composition of matter or method of use of those active ingredient(s) in the Product that incorporate, comprise or are derived from the Programme Intellectual Property.
Scenario 2. As a second example, say you are looking at the same pasture as in Scenario 1, but you have 75 bred Holstein heifers that you want to gain at least 1.75lbs/head/day by calving time in the fall. In order to achieve this rate of gain, it will be necessary to divide the pasture into 30 paddocks with movable electric fencing which you will have to provide. It will also require you to move fences and animals daily. In this scenario, the fencing costs, and time and labor costs will be significant.
Examples of Scenario 2 in a sentence
Scenario 1 – Upward Trend Scenario 2 – Downward Trend Scenario 3 – Volatile Market Description of Air Bag MechanismThe Certificates integrate an “Air Bag Mechanism” which is designed to reduce exposure to theUnderlying Stock during extreme market conditions.When the Air Bag triggers, a 30-minute period starts.
Scenario 1 – Upward Trend Scenario 2 – Downward Trend Scenario 3 – Volatile Market Description of Air Bag MechanismThe Certificates integrate an “Air Bag Mechanism” which is designed to reduce exposure to the Underlying Stock during extreme market conditions.When the Air Bag triggers, a 30-minute period starts.
Two cost scenarios are analyzed:• Scenario 1 represents publicly‐owned buildings, considers initial costs, energy costs, maintenance costs, and replacement costs without borrowing or taxes.• Scenario 2 represents privately‐owned buildings and includes the same costs as Scenario 1 plus financing of the incremental first costs through increased borrowing with tax impacts including mortgage interest and depreciation deductions.
Scenario 2 also includes loan costs and tax impacts including mortgage interest and depreciation deductions.
Scenario 2 shows the environmental results in case of material recycling considering avoided primary EPS material.
More Definitions of Scenario 2
Scenario 2. Cases where a Participating Institution decides to terminate its participation in the SMART IRB Agreement, and the Institution has current ceded Research under the SMART IRB Agreement for which they are the Reviewing IRB or are participating as a Relying Institution.
Scenario 2. Employee “B” gets hired on 7/2/24. Employee “B” receives medical and supplemental benefits through the City in the amount of $800. Employee “B” pays no out of pocket cost for their benefits, and receives no cash out from the City. Scenario 3: Employee “C” was hired on 1/12/2000. Employee “C” receives medical and supplemental benefits through the City in the amount of $1,200. Employee “C” pays no out of pocket cost for their benefits, and receives no cash out from the City. Scenario 4: Employee “D” was hired on 1/5/2005. Employee “D” receives medical through their spouse and does not take any benefits from the City. Employee “D” receives a $1,014 cash out. If Employee “D” experiences a qualifying life event and desires to obtain City medical and dental coverage, the selected benefits would be deducted from the $1,500 monthly Flexible Benefit Plan Allocation. For example, if Employee “D” enrolled in medical and dental at a cost of $1,400 per month, Employee “D” would pay no out-of-pocket expenses and would receive no cash out. Scenario 5: Employee “E” was hired on 2/8/2023. Employee “E” takes family medical through the City. Employee “E” decides to receive medical through their spouse and forego any City benefits during open enrollment. Employee “E” would be eligible to cash out $1,014 per month. If an employee has medical, dental, and/or vision through other means and they are able to submit proof of other “group” coverage, eligible employees will receive the Flexible Benefit amount as taxable income (if eligible as outlined above based on full-time hire date). In order to be eligible for cash-in-lieu-of-benefits, the employee must be able to demonstrate to the City’s satisfaction that they are enrolled in a qualified health plan that provides “minimum essential coverage” (as defined by the Affordable Care Act) through another source (other than coverage in the individual market, whether or not obtained through Covered California) and will not incur penalties under the ACA.
Scenario 2. If the guarantor becomes uncreditworthy for the guarantee, or its credit rating is downgraded to below investment grade by either Xxxxx’x or Standard & Poor’s or Fitch then default could be triggered; provided that the Seller may prevent such trigger by providing another form of credit within ten The Efficiency Performance Obligation shall apply as incorporated into the final CHP RFO PPA, and the 60% efficiency in the Optional As-Available PPA. Failure to meet the Efficiency requirement in the CHP PPA throughout the Term shall be, at the Buyer’s election, an Event of Default under the PPA. The failure to meet the annual Efficiency requirement may be determined by the Seller’s report to CARB (CARB GHG Emissions Reduction Report), the Seller’s report to the IOUs pursuant to the CHP QF Compliance Monitoring Program, or other information available to the IOU, such as the loss of a thermal host. If the Seller is out of compliance with the Efficiency Performance Obligation, Buyer shall issue to Seller a written notice of an Efficiency Performance Deficiency. Within three (3) months of its receipt of the notice, Seller will provide Buyer with a plan to cure the Efficiency Performance Deficiency. Buyer shall accept or reject the plan within 30 days of receipt. From the date of written notice from the Buyer of acceptance of the Seller’s cure plan, Seller shall have six (6) months to execute the plan and cure the Efficiency Performance Deficiency. If Xxxxx rejects the cure plan, then Buyer and Seller shall confer to resolve the issues. A Seller meeting these cure provisions shall not incur a default under the PPA. If a Seller fails to provide an adequate showing that it cured the Efficiency Performance Deficiency within the six (6) month cure period, and does not secure a waiver from the IOU, that Seller is subject to the otherwise applicable default provisions in the PPA. Seller may have up to two cure periods during the term of the applicable PPA for no more than two Efficiency Performance Deficiencies. A second cure period is available to Seller only if Seller is able to cure the first Efficiency Performance Deficiency. A third Efficiency Performance Deficiency is, at the election of Buyer, an Event of Default pursuant to section 6.2 of the applicable PPA and there is no applicable cure period.
Scenario 2. Large Lookback without LRAs: models the arguments by the COUs that BPA should limit its determinations of reconstructed REP benefits to the analysis, data, assumptions, and methodologies BPA established in the WP-02 case. • Scenario 3 – Large Lookback with LRAs: models a combination of the COUs’ argument that BPA should limit reconstructed REP benefits to the WP-02 rate record assumptions (i.e., $48 million) and the COUs’ argument that the LRAs are invalid and therefore not protectable in the Lookback Amount calculation.
Scenario 2. One Mobility Group with 9 Participants: Schools Scenario 1: Project with 200 total Participants. The Organisational Support budget is £4,950.
Scenario 2 means the scenario in which the Norfolk Vanguard Offshore Wind Farm does not proceed to construction and Norfolk Boreas Offshore Wind Farm is built out as an independent project including the laying of onshore cable ducts;
Scenario 2. If the Final Price is greater than the Cap Price, then: (Floor Price + ((Final Price—Cap Price) * (1—Participation Percentage))) / Final Price