Condition 4 definition

Condition 4 means the Company achieving not less than 2 million US Dollar in after-tax profits, as determined under US GAAP, for the fiscal year ending December 31, 2011.

Condition 4 means the Company filing with the SEC its annual report on Form 10-K for the fiscal year ended May 31, 2011.

Condition 4 means in respect of a Component, CNYmat fixes at or below the relevant Barrier, subject to the Target Redemption Feature and Conditions.

Examples of Condition 4 in a sentence

• The Company will only have liability under Commitment Condition 4 if the Proposed Insured would not have incurred the expense had the Commitment included the added matter when the Commitment was first delivered to the Proposed Insured.

• An amount equivalent to the Exercise Expenses will be deducted by the Issuer from the Cash Settlement Amount in accordance with Condition 4.

• Every Warrant entitles each Warrantholder, upon due exercise and on compliance with Condition 4, to payment by the Issuer of the Cash Settlement Amount (as defined below) (if any) in the manner set out in Condition 4.

• The Calculation Agent shall as soon as reasonably practicable under the circumstances notify the Holders in accordance with General Condition 4 if it determines that a Market Disruption Event has occurred.

• Notwithstanding the foregoing, the Warrantholders shall account to the Issuer on demand for any Exercise Expenses to the extent that they were not or could not be deducted from the Cash Settlement Amount prior to the date of payment of the Cash Settlement Amount to the Warrantholders in accordance with Condition 4.

More Definitions of Condition 4

Condition 4 means the total gross revenue of Telstar and its subsidiaries for the six-month period ended June 30, 2012 is not less than $5,000,000, as determined under US GAAP.

Condition 4 means Armco and its Subsidiaries achieving not less than $75,000,000 in Gross Revenues, as determined under US GAAP for the calendar year ending December 31, 2008.

Condition 4 means Henan Tonghai achieving not less than $7,232,500 in pre tax profits, as determined under US GAAP for the fiscal year ending December 31, 2008.

Condition 4. Fix an arbitrary adversary E and suppose that advantageE(k) is non-negligible. Thus Pr[E succeeds] = 1 + n(k) i,j for some non-negligible n(k) by assumption. Now call Ak the event that E picks some Πs oracle to ask its j,i i,j Test query such that some Πt oracle has had a matching conversation to Πs . Clearly Pr[E succeeds] = Pr[E succeeds|Ak]Pr[Ak] + Pr[E succeeds|Ak]Pr[Ak] . Condition 3 ensures that Pr[Ak] = λ(k) is negligible. Hence 1 + n(k) ≤ Pr[E succeeds|Ak]Pr[Ak] + λ(k) . Therefore Pr[Ak] = 1 — λ(k) and Pr[E succeeds|Ak] = 1 + n1(k) i,j j,i for some non-negligible n1(k). Now, given event Ak, the key held by Πs will be of the form H2(αRiRj , αSiSj ) i,j or Π for Ri chosen at random by Πs and Rj chosen at random by Πt . Call Bk the event that H2 has been i,j queried on (αRiRj , αSiSj ) by E or some oracle other than Πs t j,i . Then Pr[E succeeds|Ak] = Pr[E succeeds|Ak ∧ Bk]Pr[Bk|Ak] + Pr[E succeeds|Ak ∧ Bk]Pr[Bk|Ak] . i,j Since H2 is a random oracle, and Πs and Πt remain unopened by definition, Pr[E succeeds|Ak ∧ Bk] = 1 . j,i Thus 1 + n1(k) ≤ Pr[E succeeds|Ak ∧ Bk]Pr[Bk|Ak] + 1 i,j j,i so that Pr[Bk|Ak] ≥ n1(k). We conclude that given E picks some Πs for which there exists some Πt i,j that has had a matching conversation to Πs , then the probability that H2 has previously been queried on (αRiRj , αSiSj ) is non-negligible. In particular, this means that the probability that either H1 or H2 has been queried on first input αRiRj is non-negligible (specifically at least n1(k)). Therefore we use E to construct an adversary F of the DHS. F’s operation: F takes as input (p, q, α) generated by GDH ′ ′′ k R R

Condition 4 means BP2 and its subsidiaries, on a consolidated basis, achieving not less than US$9,000,000 in pre tax profits, as determined under US GAAP for the fiscal year ending 2009. Notwithstanding the foregoing, the Parties agree that for purposes of determining whether or not the US$9,000,000 in pre tax profits have been achieved, the purchase of the Option Shares by the Buyers or any other person designated by the Buyers shall not be deemed to be an expense, charge, or other deduction from revenues of the Company even though GAAP may require contrary treatment.

Condition 4. Condition 5" means whichever of the Conditions is so numbered in that schedule;

Condition 4 means the Company and its subsidiaries achieving not less than $14,000,000 in after-tax profits, as determined under US GAAP, for the fiscal year ending May 31, 2011.