Equitable Adjustment definition
Equitable Adjustment means a fair and reasonable adjustment negotiated by the Parties to;
i. the Contract Price; or
ii. the time within which the Work is to be performed;
Equitable Adjustment means any mutually agreed upon formal change in price, delivery schedule, and/or other provisions of this Agreement to reflect resolution of unforeseen occurrences affecting one or both Parties to this Agreement.
Equitable Adjustment means a fair and reasonable adjustment negotiated by the Parties to;
Examples of Equitable Adjustment in a sentence
If the VWAP of the Ordinary Shares for the twenty trading day period commencing on the date that is one year after the Closing Date (the “Measurement Price”) is less than the Exercise Price then in effect, then the Exercise Price then in effect shall be reduced in a one-time downward adjustment to an amount equal to the greater of (i) the Measurement Price and (ii) $6.50 (subject to Equitable Adjustment).
The exercise price per Ordinary Share under this Warrant shall be $12.00, subject to Equitable Adjustment and, if applicable, adjustment hereunder (the “Exercise Price”).
More Definitions of Equitable Adjustment
Equitable Adjustment means, in the event that the number of outstanding Ordinary Shares, as applicable, shall have been changed into a different number of shares or a different class by reason of any reclassification, subdivision, consolidation, reorganisation, recapitalization, combination, exchange of shares, readjustment, or other similar transaction, or a share dividend or share distribution has been effectuated, an equitable adjustment as necessary to provide the holders of Ordinary Shares with the same economic effect as is contemplated by this Warrant prior to such event;
Equitable Adjustment means relief in terms of cost, schedule or contract terms.
Equitable Adjustment as used in this clause, means a fair and reasonable adjustment under the facts and circumstances of the particular situation, in the Contract price, delivery schedules and/or any other Contract provisions that are altered by the change, as applicable, plus the cost of any work, deliverables or other project requirements that will be added or deleted in connection with the change. The term, "equitable adjustment" in this context includes the costs of, and a reasonable profit for, the changed work/requirements, including the associated engineering, testing, project management and documentation.
Equitable Adjustment means, in the event that, (a) following the date hereof but prior to the Closing (with respect to holders of Company Ordinary Shares) or (b) following the Closing but prior to an applicable event described in Section 2.10(a) (with respect to Eligible Company Equityholders), the number of outstanding PubCo Ordinary Shares shall have been changed into a different number of shares or a different class by reason of any reclassification, share split (including a reverse share split), reorganization, recapitalization, split-up, combination, exchange of shares, readjustment, or other similar transaction, or a share dividend or share distribution with a record date within said period, an equitable adjustment as necessary to provide the holders of Company Ordinary Shares or the Eligible Company Equityholders, as applicable, with the same economic effect as contemplated by this Agreement prior to such event.
Equitable Adjustment means an adjustment to one or more Awards (a) in connection with any transaction or transactions involving a Madison Air Company, or (b) with respect to a particular Participant, in connection with any extraordinary circumstances related to such Participant and/or any change in terms of employment or employment status of such Participant, in each case which the Committee determines is necessary or advisable in order to effectuate the purpose and intent of the Plan and the grant of such Award(s).
Equitable Adjustment means, with respect to a particular event necessitating an adjustment in the Contract where an Equitable Adjustment is provided for, a reasonable good faith adjustment to the terms of this Contract, including price, schedules, payment schedules, delivery dates, and termination liability to the extent related to the Work caused by such particular event. The adjustments shall either be agreed to by the Parties in accordance with the terms of this Contract (including the incorporation in a Contract Amendment in accordance with Article 37.5) or as determined in accordance with Article 25. [*]
Equitable Adjustment means an adjustment in the Contract price and time occasioned by the performance of work beyond that required by the original Contract, including extra work, changes, differing site conditions and changes in quantities. The equitable adjustment of Contract price will be based on an agreed upon lump sum, agreed upon unit prices, force account, or the actual cost of the work. The equitable adjustment of the Contract time will be based on a comparison of the time demonstrated by the Contractor's schedule and the time required for the execution of the work.