EVM Sample Clauses
EVM. (a) After the execution and delivery of this Agreement by each Party and following approval by the shareholders of EIV of the Reorganization, EVM represents that it will use its best efforts, consistent with its fiduciary duties, to present the Board of Trustees of EIM (the “Board”) with information and a proposal to enable the Board to approve:
(i) a tender offer for 10% of the outstanding common shares of EIM on the date of the commencement of the tender offer (or such lesser amount that is properly tendered and not withdrawn) at not less than 98% of EIM’s net asset value per share (“NAV”) (the “Tender Offer”);
(ii) a conditional tender offer (the “Initial Conditional Tender Offer”) for EIM’s outstanding common shares subject to the following terms: if during a 120-day period announced by EIM, commencing as soon as reasonably practicable after the Tender Offer closes, EIM’s shares trade at an average discount to its NAV of more than 6% (based upon the average of the difference between its volume-weighted average market price and NAV each business day during the period) (the “First Trigger Event”), EIM shall conduct the Initial Conditional Tender Offer. The Initial Conditional Tender Offer shall be for 5% of EIM’s common shares outstanding on the commencement date of the Initial Conditional Tender Offer (or such lesser amount that is properly tendered and not withdrawn) at a price of 98% of EIM’s NAV. The Initial Conditional Tender Offer would commence within 30 days of the end of the calendar month in which the First Trigger Event occurs.
(iii) an additional conditional tender offer (the “Additional Conditional Tender Offer”) for EIM’s common shares if the First Trigger Event Occurs and Initial Conditional Tender Offer is consummated subject to the following terms: if during a 120-day period announced by EIM, EIM’s shares trade at an average discount to its NAV of more than 6% (based upon the average of the difference between its volume-weighted average market price and NAV each business day during the period) (the “2nd Trigger Event”), EIM shall conduct the Additional Conditional Tender Offer. The Additional Conditional Tender Offer shall be for 5% of EIM’s common shares outstanding on the commencement date of the Additional Conditional Tender Offer (or such lesser amount that is properly tendered and not withdrawn) at a price of 98% of EIM’s NAV. The Additional Conditional Tender Offer would commence within 30 days of the end of the calendar month in w...
EVM. Theoretically, Error Vector Magnitude (EVM) is calculated with an ideal receiver, which can track signal rotation within IQ plane caused by phase noise introduced by a PLL. However, with an actual system, loop bandwidth of the carrier locking algorithm employed in the receiver shall be considered. In this test, EVM of the output signal is measured by a vector signal analyzer with a various loop bandwidth setting for estimating actual performance of the system. Figure 14 shows measured EVM as a function of loop bandwidth. As shown in Figure 14, higher bandwidth gets the better EVM results but lacks stability with an actual system. Typically, the loop bandwidth is set to around 2MHz in the 60 GHz module considering both performance and stability. With this setting, we can expect around −24 dB of EVM at receiver side.