Condition 2 definition

Condition 2 means the terms of this Agreement applicable to a Unit providing service under Condition 2 as described in Section 3.1.

Condition 2 means the Company achieving not less than 0.5 million US Dollar in after-tax net income, as determined under United States Generally Accepted Accounting Principles consistently applied (“US GAAP”) for the fiscal year ended December 31, 2009.

Condition 2 means the Company and its subsidiaries achieving not less than after tax net income of US$ 4 million as determined under US GAAP, for the fiscal year ended June 30, 2012.

Examples of Condition 2 in a sentence

• Condition 2 is included to ensure that, when the Works are constructed, the Works will meet the standards that apply at the time of construction to ensure the ongoing protection of the environment.

• Without prejudice to the generality of paragraph 1, the Authority may call for the furnishing of accounting information which is more extensive than or differs from that required to be prepared and supplied to the Authority under Condition 2.

• Condition 2: Separate Accounts for Separate Businesses 1 This Condition shall only apply if the Licensee (or any affiliate or related undertaking of the Licensee) holds a licence (other than the Licence) granted under Article 10 of the Order.

• The audit shall identify all opportunities for energy use reduction and efficiency and the recommendations of the audit will be incorporated into the Schedule of Environmental Objectives and Targets under Condition 2 above.

• Condition 2 is included to ensure that, when the Works are constructed, the Works will meet the standards that apply at the time of construction to ensure the ongoing protection of the environment..

More Definitions of Condition 2

Condition 2 means the United States Securities and Exchange Commission declaring a registration statement filed by the Company under the Securities Act of 1933 effective, or investors who purchased Common Stock from the Company pursuant to the Securities Purchase Agreement dated as of _______________ being able to sell their Common Stock under Rule 144, as then effective under the U.S. Securities Act of 1933, as amended.

Condition 2 means the Companies and their subsidiaries achieving not less than after tax net income of US$ 8 million as determined under US GAAP for the fiscal year ended December 31, 2010.

Condition 2 means the Companies and their subsidiaries achieving not less than after tax net income of US$ 2 million as determined under US GAAP for the fiscal year ended December 31, 2010.

Condition 2. For any given year, the sum of newly available Initial Payment, Adjusted Payment for Prior Crop Year, and Increased Drying Cost will be the Payment Total.. Note that more than one of any type of payment may be included in a Payment Total when, for example, a YL model is accepted and applied to monitoring data from prior year(s). Only in years in which one and only one of each of these three elements is available and included in the Payment Total, and only when the Adjusted Payment for Prior Crop Year includes the full difference between loan rate and market value of a rice crop, will the Payment Total be a Qualifying Payment Total.

Condition 2 means the Company filing with the SEC its quarterly report on Form 10-Q for the fiscal quarter ended February 28, 2010.

Condition 2. ACCEPTANCE TESTING & QUALITY ASSURANCE:

Condition 2 means in respect of a Component, CNYmat fixes above the relevant Strike, and at or below the relevant EKI, subject to the Target Redemption Feature and Conditions.