First Component definition

First Component means the portion of the Fee payable to a Director that accounts for at least one-half of the Fee and that is payable in Shares and may be deferred by crediting Units to a Unit Account maintained for the Director.

First Component has the meaning specified in Section 10.2(i).

First Component means $251,570 per month. "Force Majeure" means circumstances beyond the control of the party concerned and resulting in or causing a failure or substantial interference in the operation of the Hercules Facility or the Nitrocellulose Facility, as the case may be, which circumstances cannot be overcome by the exercise of due diligence by the party concerned. Subject to the foregoing, such circumstances may include riots, wars (declared or undeclared), insurrections, sabotage, rebellions, terrorist acts, civil disturbances, acts of God, explosions, fires, major equipment failures beyond the control of the party affected, and interruptions beyond the control of the party affected of fuel supply, power, water, utilities, wastewater disposal, feedstock, or product distribution; provided, however, that (a) any lack of money, (b) changes in market conditions, or (c) strikes, lockouts or other labor difficulties involving personnel of Hercules (or its Affiliates or successors or assigns) or the Green Tree (or its Affiliates or successors or assigns) shall not constitute Force Majeure. "Hercules Stipulation" means the motion to intervene in the Restructuring and Stipulation of Settlement filed or to be filed by Hercules with the NJBPU in the Matter of the Application of Jersey Central Power & Light Company for the Approval of an Amendment and Restatement of the Power Purchase Agreement Currently Existing Between It and North Jersey Energy Associates, A Limited Partnership, NJBPU Docket No. EM03060438, pursuant to which Hercules agrees to the terms and conditions of this Termination Agreement. "Hercules Waiver and Release" has the meaning set forth in Section 4.2. "Incentive Payments" means the Initial Payment, the Monthly Employment Incentive Payments and the Final Payment. "Initial Payment" has the meaning set forth in Section 2.2(a)(i). "Monthly Certificate" has the meaning set forth in Section 3.3. "Monthly Employment Incentive Payment" has the meaning set forth in Section 2.2(a)(ii). "NJEA Waiver and Release" has the meaning set forth in Section 4.1. "Pro Rata Factor" has the meaning set forth in Section 3.2(b). "PSEG" means Public Service Electric and Gas Company, a New Jersey corporation, and its successors and assigns. "PSEG Amendment" means that Amendment to Gas Purchase and Sales Agreement between PSE&G and NJEA dated as of August 20, 2003, amending that Gas Purchase and Sales Agreement dated as of May 4, 1989. "Required Levels" has the meaning set forth i...

Examples of First Component in a sentence

• The First Component allows projects funded under the public housing program to convert their assistance to long-term, project-based Section 8 rental assistance contracts.

• Listed below are the “special” requirements applicable to public housing projects converting assistance to long-term PBV assistance under the First Component of the Demonstration, with reference to the affected statute and/or regulation, where applicable.

• To further compliance with these existing requirements, PIH 2012-32 (HA) REV-2, issued June 15, 2015 (the “RAD Notice”) established that specific PHA decisions and activities planned to be part of a First Component RAD conversion must be reviewed by HUD prior to implementation (the “front-end” fair housing and civil rights reviews).

• This Notice only applies to projects converting under the First Component of RAD; it does not apply to the Second Component of RAD.3 The RAD program was established as a tool for preserving and improving low-income housing stock.

• A major goal of the First Component of RAD is to test the conversion of the public housing assistance to long-term, project-based Section 8 assistance available to Project Owners of assisted multifamily housing in order to generate additional sources of private financing.

• Upon issuance, the terms of this Notice will apply to all projects that have applied for conversion of assistance under the First Component of RAD but have not yet converted.

• The primary source for First Component relocation requirements and guidance is the RAD Fair Housing, Civil Rights, and Relocation Notice and not this Notice.

• General Program Description Under the First Component of RAD, PHAs may choose between two forms of Section 8 Housing Assistance Payment (HAP) Contracts: project-based vouchers (PBVs) or project-based rental assistance (PBRA).

• For properties being redeveloped with funding under a Choice Neighborhoods Implementation (CNI) grant, the RAD Fair Housing, Civil Rights, and Relocation Notice is superseded by requirements regarding relocation included in the applicable CNI NOFA and applicable CNI Grant Agreement.moves in connection with a RAD conversion under the First Component of RAD.

• The RAD Statute provides that waivers and alternative requirements authorized under the First Component must be published by notice in the Federal Register no later than 10 days before the effective date of such notice.

More Definitions of First Component

First Component means the portion of the Fee payable to a Director that accounts for at least one-half of the Fee and that is

First Component is an amount that initially is $0 and that increases through and including the Closing Date as follows: (a) from the date of this Agreement through and including November 30, 1999, the First Component will not increase; (b) from and including December 1, 1999 and through and including December 31, 1999, the First Component will increase on a daily basis at the rate of $1,452,000 per annum; (c) from and including January 1, 2000 and through and including March 31, 2000, the First Component will increase on a daily basis at the rate of $4,840,000 per annum; and (d) on and after April 1, 2000, the First Component will increase on a daily basis at the rate of $12,100,000 per annum. The "Second Component" will be equal to $685,667. Notwithstanding the foregoing, if the LMA Commencement Date does not occur prior to the Closing, then the Accretion Amount will be $0.

First Component means, as determined by the Board, the portion of the Retainer payable to a Director that is payable in equity under this Plan or may be deferred at a Director’s election to a Director’s Share Deferral Account.