Div1 definition
Div1 means the annual dividend expected in year 1 which is calculated by multiplying the dividends paid over the current year just ended by the product of 1 plus the expected rate of growth in dividends, as shown in the following formula:
Examples of Div1 in a sentence
All Electrical equipment of the unit should comply with the North American Protection Standards using API RP 505 latest standards for Class1, Div.1, and Group C & D operation.
Provide on Exhibit B hereto detailed calculations demonstrating, as applicable, either (i) that the answer indicated in both Items D.i.3, D.i.6, D.ii.3, D.ii.6, D.iii.3 and D.iii.6 is “Yes” or (ii) compliance with the foregoing Item D.iv.1. This Assignment and Assumption (the “Assignment and Assumption”) is dated as of the Effective Date set forth below and is entered into by and between [Insert name of Assignor] (the “Assignor”) and [Insert name of Assignee] (the “Assignee”).