Basis definition

Basis means any past or present fact, situation, circumstance, status, condition, activity, practice, plan, occurrence, event, incident, action, failure to act, or transaction that forms or could form the basis for any specified consequence.
Basis means any past or present fact, situation, circumstance, status, condition, activity, practice, plan, occurrence, event, incident, action, failure to act, or transaction that forms the basis for any specified consequence.
Basis means any past or present fact, situation, circumstance, status, condition, activity, practice, plan, occurrence, event, incident, action, failure to act, or transaction that forms or could reasonably be expected to form the basis for any specified consequence.

Examples of Basis in a sentence

  • Basis of accounting determines when transactions are recorded in the financial records and reported on the financial statements.

  • If this contract was awarded on a Non-bid Basis, Contractor must also comply with the requirements of the Section 1641 of the Pennsylvania Election Code (25 P.S. §3260a).

  • Bidders must submit their financial bid in accordance with the Basis of Payment.

  • The Contractor agrees that, during the extended period of the Contract, it will be paid in accordance with the applicable provisions as set out in the Basis of Payment.

  • Basis of accounting relates to the timing of the measurements made, regardless of the measurement focus applied.


More Definitions of Basis

Basis. Subject only to Paragraph 44 and to Landlord making the improvements shown on Exhibit B to be attached hereto, it is hereby agreed that the Premises leased hereunder is leased strictly on an "as-is" basis and in its present condition, and in the configuration as shown on Exhibit B to be attached hereto, and by reference made a part hereof. Except as noted herein, it is specifically agreed between the parties that after Landlord makes the interior improvements as shown on Exhibit B, Landlord shall not be required to make, nor be responsible for any cost, in connection with any repair, restoration, and/or improvement to the Premises in order for this Lease to commence, or thereafter, throughout the Term of this Lease. Notwithstanding anything to the contrary within this Lease, Landlord makes no warranty or representation of any kind or nature whatsoever as to the condition or repair of the Premises, nor as to the use or occupancy which may be made thereof.
Basis refers to the complainant’s membership in a protected group category. TABLE 103-1 COMPLAINT BASIS Protected Categories Definition Examples Applicable Nondiscrimination Authorities Xxxx and Ethnicity An individual belonging to one of the accepted racial groups; or the perception, based usually on physical characteristics that a person is a member of a racial group Black/African American, Hispanic/Latino, Asian, American Indian/Alaska Native, Native Hawaiian/Pacific Islander, White Title VI of the Civil Rights Act of 1964; 49 CFR Part 21; 23 CFR 200; 49 U.S.C. 5332(b); 49 U.S.C. 47123. (Executive Order 13166) Color Color of skin, including shade of skin within a racial group Black, White, brown, yellow, etc. National Origin (Limited English Proficiency) Place of birth. Citizenship is not a factor. (Discrimination based on language or a person’s accent is also covered) Mexican, Cuban, Japanese, Vietnamese, Chinese Sex Gender. The sex of an individual. Note: Sex under this program does not include sexual orientation. Women and Men 1973 Federal-Aid Highway Act; 49 U.S.C. 5332(b); 49 U.S.C. 47123. Age Persons of any age 21-year-old person Age Discrimination Act of 1975 49 U.S.C. 5332(b); 49 U.S.C. 47123. Disability Physical or mental impairment, permanent or temporary, or perceived. Blind, alcoholic, para-amputee, epileptic, diabetic, arthritic Section 504 of the Rehabilitation Act of 1973; Americans with Disabilities Act of 1990 Religion (in the context of employment) (Religion/ Creed in all aspects of any aviation or transit-related construction) An individual belonging to a religious group; or the perception, based on distinguishable characteristics that a person is a member of a religious group. In practice, actions taken as a result of the moral and ethical beliefs as to what is right and wrong, which are sincerely held with the strength of traditional religious views. Note: Does not have to be associated with a recognized religious group or church; if an individual sincerely holds to the belief, it is a protected religious practice. Muslim, Christian, Sikh, Hindu, etc. Title VII of the Civil Rights Act of 1964; 23 CFR 230; FHWA-1273 Required Contract Provisions. (49 U.S.C. 5332(b); 49 U.S.C. 47123)
Basis. Payment by the Partnership to the Contractor of the Drilling Price becomes due and payable upon the receipt by the Partnership of an invoice from the Contractor. Neither commencement nor completion of Contractor's performance shall be a condition precedent to this obligation to pay.
Basis means the adjusted basis of an asset for federal income tax purposes.
Basis. It is hereby agreed that the Premises leased hereunder is leased strictly on an "as-is" basis and in its present condition, and in the configuration as shown on Exhibit B attached hereto, and by reference made a part hereof. It is specifically agreed between the parties that Landlord shall not be required to make, nor be responsible for any cost, in connection with any repair, restoration, and/or improvement to the Premises in order for this Lease to commence, or thereafter, throughout the Term of this Lease. Notwithstanding anything to the contrary within this Lease, Landlord makes no warranty or representation of any kind or nature whatsoever as to the condition or repair of the Premises, nor as to the use or occupancy which may be made thereof.
Basis means any past or current fact, situation, circumstance, status, condition, activity, practice, plan, occurrence, event, incident, action, failure to act, or transaction about which the relevant Person has knowledge that forms or could form the basis for any specified consequence.