General Basket definition

General Basket has the meaning set forth in Section 9.2.
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General Basket shall have the meaning set forth in Section 8.4(a)(i).
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General Basket has the meaning given to it in Clause 24.28 (General Restrictions).
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Examples of General Basket in a sentence

  • Paragraphs 1(b)(iv)(B)(1) and (2), Schedule 15 Acquisition Debt / Acquired Debt – General Basket Indebtedness incurred to finance or assumed in connection with any transaction, acquisition of any assets, business or person, any capital expenditure or other similar transaction (Acquisition / Acquired Debt) not exceeding the greater of (i) £51.5 million and (ii) 25% of LTM EBITDA.

  • Paragraph 1(b)(xi), Schedule 15 General Basket Greater of (i) £103 million and (ii) 50% of LTM EBITDA.

  • General Basket has the meaning given to it in Clause 24.28 (General Restrictions).

  • The Group is therefore requesting that the RCF Basket is lower by EUR 1,000,000 and that General Basket is increased by EUR 1,000,000 and that the breach of Clause 13.5 (Financial Indebtedness) is waived.

  • Further, as a consequence of a legacy subsidy being reclassified as financial indebtedness in one of the Issuers acquired subsidiaries, the Issuer has exceeded the amount of permitted financial indebtedness in respect of its general basket available pursuant to paragraph (o) of the definition of Permitted Debt (the "General Basket") and is therefore in breach of Clause 13.5 (Financial Indebtedness).

  • In the event claims for indemnification are made by Buyer under this Agreement which are subject to the Seller Claims Basket under Section 9.2(c), that portion of the Seller Claims Basket actually used to limit Sellers' payment obligations under this Agreement shall reduce the amount of the General Basket on a dollar for dollar basis.

  • Notwithstanding any other provision of this Agreement, the Indemnified Party shall have no right to receive proceeds from the Escrow Fund for Post-Closing Adjustments under Section 2.03(b)(i) unless the aggregate amount of valid claims for such Post-Closing Adjustments exceeds $100,000 (the "General Basket"), and then only to the extent that the aggregate amount of such Post-Closing Adjustments exceeds $100,000.

  • Except as specified in Section 8.2(c), the Sellers shall thereafter be liable for all Losses in excess of the Basket, up to a maximum aggregate liability equal to $4,000,000 (the "Cap"), provided that there shall not be counted against the General Basket or such limitation of liability, and the General Basket and such limitation of liability shall not apply to, any Losses involving proven fraud by any of the Sellers.

  • In the event claims for indemnification are made by Buyer under this Agreement that are subject to the Tax Basket in Section 9.2(b), that portion of the Tax Basket actually used to limit Sellers' payment obligations under this Agreement shall reduce the amount of the General Basket on a dollar for dollar basis.

  • The income is initially passive basket income but it gets kick-out per §904(d)(2)(B)(iii)(II) and thus is put in the General Basket.


More Definitions of General Basket

General Basket has the meaning set forth in Section 10.1(c). “General Cap” has the meaning set forth in Section 10.1(c).
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General Basket shall have the meaning ascribed to such term in Section 9.2(b). "General Cap" shall have the meaning ascribed to such term in Section 9.2(b).
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Related to General Basket

  • General Bar Date means June 15, 2021 at 5:00 p.m. (Eastern Time) for certain Claims arising before the Petition Date, including 503(b)(9) Claims, Secured Claims, General Unsecured Claims, or Priority Non-Tax Claims as established by the Bar Date Order.

  • Basket has the meaning set forth in Section 8.04(a).

  • Creation Basket means 100,000 Units, or such other number of Units as may be determined by the General Partner from time to time, purchased by a Participant.

  • Redemption Basket means the minimum number of Units of a Fund that may be redeemed pursuant to Section 8.1, which shall be the number of Units of such Fund constituting a Creation Basket on the relevant Redemption Order Date.

  • Casket means a rigid container which is designed for the encasement of human remains and which is usually constructed of wood, metal, fiberglass, plastic, or like material and ornamented and lined with fabric.

  • Available Basket Amount means, at any date of determination, an amount (which shall not be less than $0) determined on a cumulative basis equal to the difference between: (a) the sum (without duplication) of: (i) $35,000,000, plus (ii) Cumulative Consolidated Net Income (which shall not be less than zero), plus (iii) the aggregate amount of dividends and distributions received by Borrower or its Restricted Subsidiaries in the form of Cash or Cash Equivalents on or prior to such date from Investments acquired or made utilizing the Available Basket Amount, plus (iv) in the case of the redesignation of an Unrestricted Subsidiary as a Restricted Subsidiary after the Second Amendment Effective Date, the fair market value of the Investment in such Unrestricted Subsidiary at the time of the redesignation of such Unrestricted Subsidiary as a Restricted Subsidiary (which shall not exceed the original amount of such Investment), plus (v) the Net Cash Proceeds received from any issuance or sale of its Equity Interests occurring after the Closing Date (other than issuances of Disqualified Stock and issuances or sales pursuant to an employee stock ownership plan or other employee benefit plan and excluding Net Cash Proceeds of any issuance or sale of Equity Interests for a specifically identified purpose that were expended for such specifically identified purpose without a corresponding reduction of the Available Basket Amount), plus (vi) the after-tax amount (after taking into account any available tax credit or deductions and any tax sharing arrangements) of all Distributions received in Cash by the Loan Parties after the Closing Date that are attributable to their Equity Interests in any Joint Venture or any Subsidiary that is not a Subsidiary Guarantor, plus (vii) all Net Cash Sales Proceeds received from Dispositions permitted by this Agreement, minus (b) the aggregate amount of all Investments, Capital Expenditures, Distributions and payments in respect of Subordinated Obligations, in each case to the extent made after the Closing Date with amounts available under the Available Basket Amount.

  • Day-ahead Scheduling Reserves Market means the schedule of commitments for the purchase or sale of Day-ahead Scheduling Reserves developed by the Office of the Interconnection as a result of the offers and specifications submitted in accordance with Operating Agreement, Schedule 1, section 1.10 and the parallel provisions of Tariff, Attachment K-Appendix.

  • Day-ahead Scheduling Reserves means thirty-minute reserves as defined by the ReliabilityFirst Corporation and SERC.

  • Day-ahead Scheduling Reserves Requirement means the sum of Base Day-ahead Scheduling Reserves Requirement and Additional Day-ahead Scheduling Reserves Requirement.

  • Day-ahead Scheduling Reserves Resources means synchronized and non-synchronized generation resources and Demand Resources electrically located within the PJM Region that are capable of providing Day-ahead Scheduling Reserves.

  • Base Day-ahead Scheduling Reserves Requirement means the thirty-minute reserve requirement for the PJM Region established consistent with the Applicable Standards, plus any additional thirty-minute reserves scheduled in response to an RTO-wide Hot or Cold Weather Alert or other reasons for conservative operations. Base Load Generation Resource

  • Locational Marginal Price or “LMP” shall mean the market clearing price for energy at a given location in a Party’s RC Area, and “Locational Marginal Pricing” shall mean the processes related to the determination of the LMP.

  • Local unit of government means a county, township, city, or village.

  • Public procurement unit means either a local public procurement unit or a state public procurement unit.

  • Additional Day-ahead Scheduling Reserves Requirement means the portion of the Day- ahead Scheduling Reserves Requirement that is required in addition to the Base Day-ahead Scheduling Reserves Requirement to ensure adequate resources are procured to meet real-time load and operational needs, as specified in the PJM Manuals.

  • Open burning means the combustion of any material without the following characteristics:

  • Emission unit means any article, machine, equipment, operation, or contrivance that emits or has the potential to emit any federally regulated air pollutant.

  • Volume Weighted Average Price for any security as of any date means the volume weighted average sale price on The NASDAQ Global Market (“NASDAQ”) as reported by, or based upon data reported by, Bloomberg Financial Markets or an equivalent, reliable reporting service mutually acceptable to and hereafter designated by holders of a majority in interest of the Warrants and the Company (“Bloomberg”) or, if NASDAQ is not the principal trading market for such security, the volume weighted average sale price of such security on the principal securities exchange or trading market where such security is listed or traded as reported by Bloomberg, or, if no volume weighted average sale price is reported for such security, then the last closing trade price of such security as reported by Bloomberg, or, if no last closing trade price is reported for such security by Bloomberg, the average of the bid prices of any market makers for such security that are listed in the over the counter market by the Financial Industry Regulatory Authority, Inc. or in the “pink sheets” by the Pink OTC Market, Inc, or in the Over-The-Counter Bulletin Board (“OTCBB”). If the Volume Weighted Average Price cannot be calculated for such security on such date in the manner provided above, the volume weighted average price shall be the fair market value as mutually determined by the Company and the Holders of a majority in interest of the Warrants being Exercised for which the calculation of the volume weighted average price is required in order to determine the Exercise Price of such Warrants. “Trading Day” shall mean any day on which the Common Stock is traded for any period on the OTCBB, NASDAQ, or on the principal securities exchange or other securities market on which the Common Stock is then being traded. For purposes of Rule 144 and sub-section (d)(3)(ii) thereof, it is intended, understood and acknowledged that the Common Stock issuable upon Exercise of this Warrant in a Cashless Exercise transaction shall be deemed to have been acquired at the time this Warrant was issued. Moreover, it is intended, understood and acknowledged that the holding period for the Common Stock issuable upon Exercise of this Warrant in a Cashless Exercise transaction shall be deemed to have commenced on the date this Warrant was issued.

  • Diversion unit means any probation counselor who enters into

  • Unit of government means a city, village, township, charter township, and any duly authorized and established combinations thereof, within or without the county establishing any of the improvements, facilities, or services authorized under this act.

  • Common Unit Price has the meaning specified in Section 2.1(b).

  • Day-ahead Loss Price means the Loss Price resulting from the Day-ahead Energy Market.

  • Average VWAP per Common Unit over a certain period shall mean the arithmetic average of the VWAP per Common Unit for each Trading Day in such period.

  • emission limit value means the mass, expressed in terms of certain specific parameters, concentration and/or level of an emission, which may not be exceeded during one or more periods of time;

  • Aggregate Quantity of IDR Reset Common Units has the meaning given such term in Section 5.11(a).

  • Exchange Value is the adjusted appraised value of the Property which takes into consideration various factors to balance the business value of the Property within its present ownership structure.