BOV definition
Examples of BOV in a sentence
In accordance with the Board of Visitors (BOV) bylaws, direct appointments to the President and any “extraordinary” appointment require additional approval from the President.
Coordinate with the Trustee in obtaining, on a quarterly basis, a BOV for each Property that is a Trust Asset pursuant to the Trust Agreement.
Fees: Buyer will pay Seller a monthly QSE fee of $[***] per MWh and [***] percent of the value that Seller can capture in excess of the BOV that is realized from participating in [***]’s energy and ancillary services markets (“Incremental Energy Value”).
The incremental energy value will be calculated as follows: Incremental Energy Value = (revenue from ancillary services) plus (revenue from the sale of surplus energy (curtailed energy)) plus (settlement value of energy swaps used for hedging) minus (BOV for curtailed MWs) minus (cost of repurchasing any energy to reload in real-time) minus (applicable TDU fees).
Seller will develop and execute strategies to i) curtail Buyer’s load that was not curtailed in the day ahead market if Real Time prices exceed the BOV or ii) direct Buyer to “reload” any bitcoin mining that was curtailed in the day ahead market if the real-time prices are below Buyer’s BOV or iii) execute any transaction that would increase revenues above BOV given the Buyer’s then current position and mining status.
All improvements which were considered in determining the BOV Value of the related Mortgaged Property at the time of the origination of such Mortgage Loan (or when such Mortgaged Property was added to the collateral therefor) lie wholly within the boundaries and building restriction lines of such Mortgaged Property, and no improvements on adjoining properties encroach upon such Mortgaged Property, except in each case for encroachments that are insured against by the applicable title insurance policy.
When the combination of BOV with FCB becomes effective, each employee who is then currently employed by BOV automatically shall become an employee of FCB (a "Continuing Employee") without any action by that employee or FCB.
FCB shall have received certificates from Cordia and BOV dated as of the Closing Date and executed by Cordia's and BOV's respective Chief Executive Officers and Chief Financial Officers to the effect that the conditions of this Subparagraph have been met and as to such other matters as may be reasonably requested by FCB.
The Consideration for the Loan Assignment shall be allocated among the Vendors in the Vendors’ Proportion.
After the combination of BOV with FCB becomes effective, each Continuing Employee shall be entitled to participate in employee benefit plans and programs provided generally by FCB to its employees from time to time ("FCB Benefit Plans") on the same basis, and subject to the same eligibility and vesting requirements and other conditions, restrictions and limitations, as generally are in effect and applicable to other new employees of FCB.