Diluting Participant definition

Diluting Participant means a Participant who elects not to participate in an adopted Program and Budget to the full extent of its Participating Interest as described in Section 4.05;
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Diluting Participant has the meaning ascribed thereto in Section 6.2(b).
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Diluting Participant has the meaning given in clause 12.5.
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Examples of Diluting Participant in a sentence

  • The Participating Interest of such Diluting Participant will be reduced effective as of the date the adopted Program and Budget is commenced (the "Diluting Date").

  • The Participating Interest of such Diluting Participant is reduced effective as of the date the adopted Program and Budget is commenced (“Diluting Date”).

  • Strict compliance with the lateral track and charted altitude and speed restrictions is imperative.

  • Once the Participating Interest of a Diluting Participant has decreased by operation of this Article 12 it will not be entitled to increase its Participating Interest except as may arise by subsequent operation of this Article 12 in relation to another Participant or by subsequent operation of any other provision of the Agreement the operation of which results in such an increase in Participating Interest occurring.

  • Diluting Participant shall be diluted and recalculated from time to time in accordance with the following formula: New Joint Venture Interest = A x 100 ------- B Where: A = the total amount of Joint Venture Expenditure contributed by the Diluting Participant at the date of calculation plus the deemed contribution of the Diluting Participant; B = the total amount of Joint Venture Expenditure contributed by the Participants at the date of calculation, plus the deemed contributions of both Participants.

Related to Diluting Participant

  • Lower Tier Participant refers any participant who has entered into a covered transaction with a First Tier Participant or other Lower Tier Participants (such as subcontractors and suppliers).

  • FTR Participant means any Market Participant that provides or is required to provide Collateral in order to participate in PJM’s FTR auctions.

  • First Tier Participant refers to the participant who has entered into a covered transaction with a grantee or subgrantee of Federal funds (such as the prime or general contractor). “Lower Tier Participant” refers any participant who has entered into a covered transaction with a First Tier Participant or other Lower Tier Participants (such as subcontractors and suppliers).

  • L/C Participant shall have the meaning provided in Section 3.3(a).

  • Voting Participant has the meaning specified in Section 10.06(d).

  • Disabled Participant with respect to a loan if it has no right to exercise any voting or other control rights with respect to such loan (other than the right to approve amendments to the material economic terms of such loan).

  • Qualified Participant means any Participant or Former Participant who has completed ten (10) Years of Service as a Participant and has attained age 55.

  • Retired Participant means a person who has been a Participant, but who has become entitled to retirement benefits under the Plan.

  • Defaulting Participant means a Participant which the Project Committee has declared to be in substantial breach of this Consortium Agreement or the PPP Allowance Agreement in accordance with Sections 3.5 and 6.5 of this Consortium Agreement;

  • Exchange Participant means (a) the Bank which is a person registered as a China Connect Exchange Participant (as defined in the SEHK China Connect Rules) by SEHK; or (b) where the context requires, any China Connect Exchange Participant (as defined in the SEHK China Connect Rules).

  • Other Participant means a cooperative project participant other than the United States.

  • Non-Highly Compensated Participant means any Participant who is neither a Highly Compensated Employee nor a Family Member.

  • Section 162(m) Participant means any key Employee designated by the Administrator as a key Employee whose compensation for the fiscal year in which the key Employee is so designated or a future fiscal year may be subject to the limit on deductible compensation imposed by Section 162(m) of the Code.

  • Non-U.S. Participant means any Participant that if it were a Lender would qualify as a Non-U.S. Lender.

  • A Participant or beneficiary ("claimant") who has not received benefits under the Plan that he or she believes should be paid shall make a claim for such benefits as follows:

  • Highly Compensated Participant means any Highly Compensated Employee who is eligible to participate in the Plan.

  • Participant’s Account means an account maintained for each Participant’s participation in DSUs and/or RSUs under the Plan;

  • Grandfathered Stockholder has the meaning set forth in Section 1.1.

  • Non-Key Employee means any Employee who is not a Key Employee.

  • CDS Participant means a broker, dealer, bank or other financial institution or other person for whom, from time to time, CDS effects book entries for the Units deposited with CDS.

  • Participant has the meaning specified in Section 10.06(d).

  • Inactive Participant means each Participant (other than a Retired Participant, Deceased Participant or Disabled Participant) who is not in active service as an Outside Director and is not actively employed by a Participating Company.

  • Former Participant means a person who has been a Participant, but who has ceased to be a Participant for any reason.

  • Phantom Share means a right, pursuant to the Plan, of the Grantee to payment of the Phantom Share Value.

  • Sub-Grantee means a person or organization contracted by a Subrecipient that is compensated with CRF funds to provide administration of any portion of the CRF.

  • Initial Authorised Participant means BNP Paribas Arbitrage S.N.C. and any successor thereto.