Base Requirement definition

Base Requirement means a number of Sales Representatives working on a Full Time Basis (i.e., at least 37.5 hours per week during his/her engagement by Aytu) to conduct primary Detailing of the Product in the Aytu Sales Channel; provided that in no event shall the minimum number of Sales Representatives be fewer than thirty (30) when the Base Requirement is in effect other than in accordance with Section 6.3(a)(iii).
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Base Requirement has the meaning given in the Financial Rules;
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Base Requirement has the meaning set forth in Section 2.3(m).
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Examples of Base Requirement in a sentence

  • The Borrower will maintain as at the end of each fiscal quarter (commencing with its results as at September 30, 1996) a consolidated Capital Base of not less than the then-effective Capital Base Requirement.

  • The Borrower will maintain as at the end of each fiscal quarter (commencing with its results as at December 31, 1997) a consolidated Capital Base of not less than the then-effective Capital Base Requirement.

  • City shall calculate the Precleared Only Baggage Claim Charge by dividing the estimated Precleared Only Baggage Claim Rate Base Requirement by the forecast total number of Precleared Arriving Passengers for the next Fiscal Quarter.

  • On a weekly basis, as soon as practicable after, but not later than the second Business Day after, the end of each calendar week, or less frequently if approved by Lender from time to time, Borrower shall prepare and deliver to Lender a Borrowing Base Certificate with respect to satisfaction of the Borrowing Base Requirement as of the date of report submission, the statements in which, in each instance, shall be certified as to truth and accuracy by a duly authorized officer of Borrower.

  • The Company and each Designated Subsidiary Borrower shall at all times cause its respective Borrowing Base to equal or exceed the Borrowing Base Requirement attributable to such Borrower at such time.

  • City shall not include Debt Service (including capitalized interest and Coverage Requirements) on any Capital Improvement Project in the Terminal Rate Base Requirement or Airfield Rate Base Requirement until the Date of Beneficial Occupancy for that project, subject to Section 11.04.I of this Agreement.

  • City shall calculate the International Terminal Passenger Check-In Charge by dividing the estimated quarterly International Terminal Passenger Check-In Rate Base Requirement by the forecast total number of International Originating Enplaned Passengers for the next Fiscal Quarter.

  • On a weekly basis, or more (or less) frequently if required (or approved) by Lender from time to time, Borrower shall prepare and deliver to Lender a Borrowing Base Certificate with respect to satisfaction of the Borrowing Base Requirement as of the date of report submission, the statements in which, in each instance, shall be certified as to truth and accuracy by a duly authorized officer of Borrower Agent.

  • City shall not include any AATC Charges or Common Use Facility Manager Costs in the Terminal Rate Base Requirement.

  • As used in this ss.3.8, the 'Capital Base Requirement' will be deemed to have been $27,647,000 as at September 30, 1997; and as at the last day of each fiscal quarter thereafter (beginning with December 31, 1997) the Capital Base Requirement will be deemed to become an amount equal to the sum off.