Base adjustment definition

Base adjustment means the base adjustment specified or calculated under section 6 of this 2001 Act.
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Base adjustment shall equal: AirTouch $50,000,000, multiplied by ( Determination Price - $40) ---------------------------------- $5 ; provided that, for purposes of the foregoing calculation, (i) if the AirTouch Determination Price is less than $40 per share, the Base Adjustment shall equal zero and (ii) if the AirTouch Determination Price is greater than $45 per share, the Base Adjustment shall equal $50,000,000.
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Base adjustment. The base adjustment is defined as a negotiated increase that will 68 be added to the current base salary resulting in a new base amount paid to each 69 employee. All employees will receive the negotiated base adjustment based on 70
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Examples of Base adjustment in a sentence

  • The Borrower shall be obligated to make such prepayment and/or deposit of Cash Collateral substantially concurrently with the effectiveness of such Borrowing Base adjustment.

  • Upon any adjustment to the amount of the Borrowing Base pursuant to the Borrowing Base Adjustment Provisions, if there is a Borrowing Base Deficiency, then the Borrower shall (A) prepay the Loans on the date of such Borrowing Base adjustment in an aggregate principal amount equal to such Borrowing Base Deficiency, and (B) if any Borrowing Base Deficiency remains after prepaying all of the Loans as a result of LC Exposure, Cash Collateralize such remaining deficiency as provided in Section 2.08(j).

  • This Section 3.2 constitutes a New Borrowing Base Notice in accordance with Section 2.07 of the Credit Agreement with respect to each Borrowing Base adjustment made pursuant to a Sale of each of the Oil and Gas Properties set forth above in Sections 3.2(b)(1)-(6) to the extent such Sale occurs prior to October 1, 2017.

  • In connection with the third Scheduled Redetermination contemplated by Section 2.07 of the Credit Agreement, the Administrative Agent, the Lenders and the Borrower have agreed that the Borrowing Base shall be increased to $110,000,000, which Borrowing Base adjustment shall be effective as of the later of June 3, 2014, or the satisfaction of the conditions set forth in Section 7 hereof (the “Increase Date”).

  • Any Borrowing Base adjustment by the Agent as a result of Section 6.2 shall not be considered to be a Borrowing Base redetermination pursuant to this Section 2.12(c).

  • As an example, if $500 million of Funded Debt were incurred and $400 million of existing Funded Debt were retired with the proceeds of such incurrence, the Borrowing Base adjustment under Section 2.07(e) would be $25 million (25% of $100 million).

  • Base adjustment will be provided to any unit member who meets minimum expectations.

  • For the avoidance of doubt, the Borrowing Base adjustment provided for pursuant to this Section 2.05(c) shall be applicable at any time from and after the Closing Date, notwithstanding the existence or continuation of the Protected Period.

  • For the avoidance of doubt, the Borrowing Base adjustment provided for pursuant to this Section 2.05(d) shall be applicable at any time from and after the Closing Date, notwithstanding the existence or continuation of the Protected Period.

  • In connection with the first Scheduled Redetermination contemplated by Section 2.07 of the Credit Agreement, the Administrative Agent, the Lenders and the Borrower have agreed that the Borrowing Base shall be increased to $75,000,000, which Borrowing Base adjustment shall be effective as of the latter of [●], 2013, or the satisfaction of the conditions set forth in Section 3 (the “Increase Date”).


More Definitions of Base adjustment

Base adjustment means the base adjustment specified or calculated under section
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Related to Base adjustment

  • ▇▇▇▇▇ Adjustment means, with respect to ▇▇▇▇▇, 0.0326% per annum.

  • True-Up Adjustment means any Semi-Annual True-Up Adjustment or Interim True-Up Adjustment, as the case may be.

  • CPI Adjustment means the quotient of (i) the CPI for the month of January in the calendar year for which the CPI Adjustment is being determined, divided by (ii) the CPI for January of 2007.

  • Equity Adjustment means the dollar amount resulting by subtracting the Book Value, as of Bank Closing, of all Liabilities Assumed under this Agreement by the Assuming Bank from the purchase price, as determined in accordance with this Agreement, as of Bank Closing, of all Assets acquired under this Agreement by the Assuming Bank, which may be a positive or a negative number.

  • MFN Adjustment has the meaning specified in Section 2.14(b).