Benchmark Year definition

Benchmark Year means each calendar year immediately preceding the corresponding Measurement Period. To illustrate, the first Benchmark Year is January 1, 2016 through December 31, 2016 (corresponding to the first Measurement Period of January 1, 2017 through December 31, 2021) and the second Benchmark Year is January 1, 2017 through December 31, 2017 (corresponding to the second Measurement Period of January 1, 2018 through December 31, 2022).

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Benchmark Year means the calendar year prior to the calendar year in which vesting of Points is being assessed pursuant to Section 6.2. For purposes of determining whether the Equity Value for a particular Benchmark Year is less than the highest Equity Value for any Benchmark Year, calendar year 2011 shall be treated as the first Benchmark Year.

Benchmark Year means the twelve (12) Fiscal Month period beginning with the Fiscal Month in which the Third Closing Date occurs.

Examples of Benchmark Year in a sentence

For the avoidance of doubt, the rights of each Compensation Rights Holder for each Benchmark Year is separate and cumulative.
In the event that an acquisition/merger affects the GBR of the Recipient and occurs after the Benchmark Year, the Repayment Rate will be changed so that the impact of the event upon the Annual Repayment Due will be neutral.
The an nual amount of savings related to electricity use shall be based on the number of gallons of System Influent, and shall be calculated based on a good faith engineering estim ate of the difference between the rate of electric energy consum ed by the M anaged Assets (measured in K WH per gallon of System Influent) in the Benchmark Year an d the rate of electric energy consum ed per gallon of System Influent treated in such Post-Modification Year.
The savings related to reduced maintenance, repair, and replacement requirements shall be based on a good faith engineering projection of the reduced maintenance costs (such as adjustments and Consum ▇▇▇▇▇), and the revised replacement schedule for the Managed Assets componen ts involved in the Capital Modification, compared to the maintenance costs and replacement schedule of the corresponding Managed Assets components in place in the Benchmark Year prior to the Capital Modification.
The savings related to reduced maintenance, repair, and replacem ent requirements shall be based on a good faith engineering projection of the reduced maintenance costs (such as adjustments and Consum ▇▇▇▇▇), and the revised replacement schedule for the Incineration Facilities componen ts involved in the Capital Modification, com pared to the maintenance costs and replacement schedule of the corresponding Incineration Facilities com ponents in place in the Benchmark Year prior to the Capital Modification.
The savings related to reduced staffing shall be based on the direct wage, salary, and benefits costs of the employee positions which are no longer required as the result of the Capital Modification, calculated at the actual rates prevailing in the Benchmark Year.

More Definitions of Benchmark Year

Benchmark Year means the Recipient Fiscal Year following the Recipient Fiscal Year which includes the Project Completion Date. "Benefits Commitments" means those activities described in Subsection 6.1 of this Agreement that will generate benefits to Canada. "Benefits Phase" means the period from the day after the Project Completion Date to and including the last day of the Term. "CAP" will be calculated as follows. (a) (b) "Change in Control" of the Recipient means: (a) if the Recipient is a public company, the acquisition by an individual or company (or two or more of them acting in concert), excluding Current Shareholders, that results in its or their direct or indirect beneficial ownership of or more of outstanding shares of voting stock of the Recipient. For greater clarity, this shall not apply to an acquisition of voting stock made by the ■ • I I • • I I I • whose shareholdings prior to such acquisition is already near of the outstanding voting stock of the Recipient; or (b) if the Recipient is a private company, the acquisition by an individual or company ( or two or more of them acting i s in its or their direct orI I I • l I • • indirect beneficial ownership of r more of the voting stock in• the Recipient; or ( c) if the Recipient enters into a binding obligation to sell, sells or otherwise disposes of all or substantially all of its assets. 3 Certain information in this document has been omitted from this exhibit because it is (i) not material (ii) would be competitively harmful if publicly disclosed and (iii) private or confidential.

Benchmark Year means (i) the period from the Closing Date to the first anniversary of the Closing Date, and (ii) each subsequent one-year period, provided that the outstanding balance of Pool Receivables and the Dilution Ratio-Broadcasting, Dilution Ratio-Publishing, Default Ratio, Delinquency Ratio, DSO-Broadcasting and DSO-Publishing as of the start of any Benchmark Year shall be deemed to be such balance or ratio as shown in the Monthly Report delivered immediately prior to the beginning of such Benchmark Year.