Model 1 definition

Model 1. Assignment” under the terms of which the staff of NHS England remain in their current roles and locations and provide services to the CCG under a service level agreement;
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Model 1. In this model, the voting rights on the underlying shares remain with the depositary who shall be instructed by the management of the company to vote on their behalf. Such type of arrangements were in vogue during the initial years when GDRs / ADRs came into vogue. Model 2: In this model, the voting rights on the underlying shares remain with the depositary who shall be instructed by the GDR / ADR holders of the company to vote on their behalf. Off late, the depositary agreements have been changed so as to allow GDR/ADR holders to instruct the depository to vote on their behalf. This amendment is in direct contradiction with the Informal Guidance that SEBI delivered to Bharti Airtel on June 22, 2009. Mr. Xxxxxxxxx Xxxx, Head of Corporate and Securities Law Practice at Xxxxxxx Xxxxx Associates, opined that "this change could throw a spoke in the wheel for the Bharti-MTN deal as this would conflict not only with the MTN shareholders' desire to exercise control over Bharti without having to make an open offer but could also make the structure difficult from an FDI perspective".19 The amendment ignited a twofold issue for the deal which had the potential to derail the Proposed Transaction. The amendment obligated MTN and / or its shareholders to make an open offer for acquisition of additional 20% shares from the public shareholders of Bharti Airtel under Regulation 10 of the Takeover Code on acquisition of Bharti Airtel GDRs if such GDRs entitled its holders to exercise voting rights on underlying shares. The open offer would have cost the South African company another USD 6.78 billion which posed a serious threat to the commercial viability of the deal.  Did SEBI amendment trigger any exchange control issues? The second and far more critical issue was the possibility of MTN crossing the permitted FDI sectoral cap of 74% under the current FDI policy. The FDI policy permits only 49% FDI in an Indian telecom company under the automatic route which may be further raised up to a maximum of 74% subject to the prior approval of Foreign Investment Promotion Board. Sing Tel, Singapore already holds a stake in Bharti Airtel and under the Proposed Transaction, if MTN acquired 36% economic interest in Bharti Airtel and on top of it if MTN had to acquire 20% shares in the open offer then it could have breached the FDI sectoral caps. The possible way out of this hazy maze was to circumvent the open offer obligation by issuing GDRs with only economic interest and no votin...
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Model 1 means the model indicated as such in Appendix 1;
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Examples of Model 1 in a sentence

  • If providing the form to an FFI treated as a reporting Model 1 FFI or reporting Model 2 FFI, an NFFE may also use this part for reporting its controlling U.S. persons under an applicable IGA.

  • The term Reporting Model 1 FFI means a Financial Institution with respect to which a non-U.S. government or agency thereof agrees to obtain and exchange information pursuant to a Model 1 IGA, other than a Financial Institution treated as a Nonparticipating Financial Institution under the Model 1 IGA.

  • For purposes of this definition, the term Model 1 IGA means an arrangement between the United States or the Treasury Department and a non-U.S. government or one or more agencies thereof to implement FATCA through reporting by Financial Institutions to such non-U.S. government or agency thereof, followed by automatic exchange of such reported information with the IRS.

  • The term Participating FFI also includes a qualified intermediary branch of a Reporting U.S. Financial Institution, unless such branch is a Reporting Model 1 FFI.

  • The designated withholding agent agrees to report to the IRS (or, in the case of a reporting Model 1 IGA, to the relevant foreign government or agency thereof) all of the information described in or (as appropriate) with respect to any specified U.S. persons and (2).

  • On 28 March 2014, the Grand-Duchy of Luxembourg entered into a Model 1 Intergovernmental Agreement ("IGA") with the United States of America and a memorandum of understanding in respect thereof.

  • The designated withholding agent agrees to report to the IRS (or, in the case of a reporting Model 1 FFI, to the relevant foreign government or agency thereof) all of the information described in or (as appropriate) with respect to any specified U.S. persons and (2).

  • For purposes of this definition, the term Model 1 IGA means an arrangement between the United States or the Treasury Department and a non-U.S. government or one or more agencies thereof to implement FATCA through reporting by Financial Institutions to such non- U.S. government or agency thereof, followed by automatic exchange of such reported information with the IRS.

  • If providing the form to an FFI treated as a reporting Model 1 FFI or reporting Model 2 FFI, an NFFE may also use this Part for reporting its controlling U.S. persons under an applicable IGA.

  • The designated withholding agent agrees to report to the IRS (or, in the case of a reporting Model 1 IGA, to the relevant foreign government or agency thereof) all of the information described in or (as appropriate) with respect to any speci?ed U.S. persons and (2).

Related to Model 1

  • Model shall refer to a particular brand of Vehicle sold by an OEM (e.g., Taurus, Tahoe, Grand Caravan).

  • Sound level meter means an instrument which includes a microphone, amplifier, RMS detector, integrator or time averager, output meter, and weighting networks used to measure sound pressure levels.

  • Model 2 seller means a seller registered under the agreement that:

  • Process weight means the total weight of all materials introduced into any source operation. Solid fuels charged will be considered as part of the process weight, but liquid and gaseous fuels and combustion air will not.

  • Hot Weather Alert means the notice provided by PJM to PJM Members, Transmission Owners, resource owners and operators, customers, and regulators to prepare personnel and facilities for extreme hot and/or humid weather conditions which may cause capacity requirements and/or unit unavailability to be substantially higher than forecast are expected to persist for an extended period.

  • Model 1 seller means a seller registered under the agreement that has selected a certified service provider as the seller's agent to perform the seller's sales and use tax functions for agreement sales and use taxes, as outlined in the contract between the governing board of the agreement and the certified service provider, other than the seller's obligation under Section 59-12-124 to remit a tax on the seller's own purchases.

  • Broadband level means all positions sufficiently similar in knowledge, skills, and abilities, and sufficiently similar as to kind or subject matter of work, level of difficulty or responsibilities, and qualification requirements of the work, to warrant the same treatment as to title, pay band, and other personnel transactions.

  • Attrition means customers whose contracts were terminated prior to the end of the term either at the option of the customer or by Just Energy.

  • Configuration means State-specific changes made to the Software without Source Code or structural data model changes occurring.

  • Evaluation rubric means a set of criteria, measures, and processes used to evaluate all administrators in a specific school district or local education agency. Evaluation rubrics consist of measures of professional practice, based on educator practice instruments and student outcomes. Each Board of Education will have an evaluation rubric specifically for teachers, another specifically for Principals, Vice Principals, and Assistant Principals, and evaluation rubrics for other categories of staff members.

  • BBJ means The Braithwaite Burn & Jessop Construction Company Limited having its registered Office at 27, R. N. Mukherjee Road, Kolkata- 700 001.

  • Digital Signal Level 0 (DS-0 means the lowest-level signal in the time division multiplex digital hierarchy, and represents a voice-grade channel operating at either the 56 Kbps or 64 Kbps transmission bit rates. There are twenty-four (24) DS-0 channels in a DS-1.

  • Baseline means the “Initial Small Business Lending Baseline” set forth on the Initial Supplemental Report (as defined in the Definitive Agreement), subject to adjustment pursuant to Section 3(a).

  • Operating Margin Customer means a Control Area purchasing Operating Margin pursuant to an agreement between such other Control Area and the LLC.

  • Model 4 seller means a seller that is registered under the agreement and is not a model 1 seller, model 2 seller, or model 3 seller.

  • Master Meter means the meter controlled by the licensed distributor and used for settlement of the master bill with the master consumer;

  • Peer support specialist means an individual who has experienced a severe and persistent mental illness and who has successfully completed standardized training to provide peer support services through the medical assistance program or the Iowa Behavioral Health Care Plan.

  • Cold Weather Alert means the notice that PJM provides to PJM Members, Transmission Owners, resource owners and operators, customers, and regulators to prepare personnel and facilities for expected extreme cold weather conditions.

  • Yearly (1/Year) sampling frequency means the sampling shall be done in the month of September, unless specifically identified otherwise in the effluent limitations and monitoring requirements table.

  • Lot width means the shorter of the following two linear measurements:

  • Tare Weight means the weight of an empty shipping container, excluding all materials used for wrapping, cushioning, banding, waterproofing, packaging, blocking and bracing articles within the exterior container.

  • Productivity as defined in ORS 427.005 means:

  • Compression Ignition Engine means an internal combustion engine with operating characteristics significantly similar to the theoretical diesel combustion cycle. The regulation of power by controlling fuel supply in lieu of a throttle is indicative of a compression ignition engine.

  • Stability means structural stability.

  • Yearly (1/Year) sampling frequency means the sampling shall be done in the month of September, unless specifically identified otherwise in the effluent limitations and monitoring requirements table.

  • Year 2000 Issues means anticipated costs, problems and uncertainties associated with the inability of certain computer applications to effectively handle data including dates on and after January 1, 2000, as such inability affects the business, operations and financial condition of the Borrower and its Subsidiaries and of the Borrower's and its Subsidiaries' material customers, suppliers and vendors.