Net Economic Benefit definition

Net Economic Benefit means the net economic benefit as described in Clause 3.5 in respect of DivestCo Products transacted through the Seller’s Group entities;

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Net Economic Benefit has the meaning given to it in Clause 3.1;

Net Economic Benefit means the summation of energy cost-savings, nonenergy

Examples of Net Economic Benefit in a sentence

For clarity, and notwithstanding any other provision of this Agreement, the Net Economic Benefit Agreement or any Interim Business Agreement, the maximum total aggregate liability of Seller Parent and its Affiliates to a Purchaser Indemnified Party under this Agreement, the Net Economic Benefit Agreement and all Interim Business Agreements, on a cumulative basis, shall not exceed Twenty Million Dollars ($20,000,000).
Section 6.1.1, Section 6.2 (Sales Taxes), Section 6.3 (Statement of Services Charges and Reimbursable Costs) and Section 6.4 (Payments) and Section 2 of Exhibit B (Net Economic Benefit) hereto will survive to the extent of any unpaid amounts due thereunder or any payments made or other activities conducted in accordance with the surviving provisions hereof.
For avoidance of doubt, certain of the Parties’ respective financial rights and obligations with respect to Product sold by ▇▇▇▇▇ or its Affiliates for the benefit of Buyer under the Transition Services Agreement, such as Service Charges for the distribution or sales of such Product and payments for recalls of such Product, shall be governed by the terms thereof, including Exhibit B (Net Economic Benefit) thereto.
The terms of each Transitional Transacting Agreement shall ensure that, from the Separation Effective Time until the relevant Delayed Transfer Time, each Transitional Transacting Entity shall provide the relevant Non-Transacting Entity, within ten (10) days of the last Business Day of each calendar month, an individual report for the purposes of calculating the Net Economic Benefit in a form to be determined by the Separation Committee acting reasonably.
For purposes of Article IX, however, without duplication of any amounts included in the calculation of applicable Net Economic Benefit, Seller shall be deemed to have assumed the Deferred Retained Liabilities on the Closing Date (with economic effect from the Closing Effective Time).

More Definitions of Net Economic Benefit

Net Economic Benefit means the summation of energy cost-savings, nonenergy cost-savings, consumer investment, consumer expenditures, and other governmental expenditures for a particular year due to the use of the resource recovery technology.

Net Economic Benefit or “NEB” means for any particular period after the Effective Date through the conclusion of the Transition Period, an amount equal to the difference between (i) the Net Sales of the Products during such period and (ii) the sum of (A) [*****] and (B) the Service Fees set forth on Schedule A for such period, subject to any reduction on account of completed or terminated Services. Notwithstanding anything to the contrary set forth in subclause (ii) of this definition, [*****].

Net Economic Benefit means the present value of economic benefits minus the economic costs of the PPP project. The present value shall be calculated using an appropriate discount rate that reflects cost of capital of the government ;

Net Economic Benefit means the positive impact associated with the purchase, remediation, and reuse of an eligible site based on factors, including but not limited to the capital investment, the number of jobs created, the number of jobs retained if it is demonstrated the jobs would otherwise be lost, capital improvements, the number of construction-related jobs, increased sales, material purchases, other increases in service and operational expenditures, and other factors established by the Department. Additionally, in determining the economic benefit to the State, the Department will give priority to sites located in areas with high levels of poverty, where the unemployment rate exceeds the State average, where an enterprise zone exists, or where the area is otherwise economically depressed as determined by the Department. [415 ILCS 5/58.15(B)(b)(3)]

Net Economic Benefit is an amount equal to the excess of (i) the estimated interest expense to the Borrower on the Syndicated Amount (based solely on the U.S. Dollar Spread of 2.50% percent per annum, and for the avoidance of doubt ignoring the applicable Floating Rates) assuming the terms of the Facility as of the Initial Credit Date (adjusted for the extensions set forth in Amendment No. 2 to the Credit Agreement) otherwise remain unchanged over (ii) the estimated interest expense of the Facility on the Syndicated Amount (based solely on the U.S. Dollar Spread, and for the avoidance of doubt ignoring the applicable Floating Rates) assuming the U.S. Dollar Spread on the Syndicated Amount is equal to the effective spread to the assignees of the Syndicated Amount, with all other economic terms being the same as the Initial Credit Date (adjusted for the extensions set forth in Amendment No. 2 to the Credit Agreement), as reasonably calculated by ▇▇▇▇▇▇▇ Sachs in consultation with the Borrower. The Borrowers and ▇▇▇▇▇▇▇ ▇▇▇▇▇ understand that the foregoing calculation of Net Economic Benefit assumes that the contractual spread payable by the Borrowers under the Credit Agreement is not reduced as a result of the syndication (other than as expressly set forth in Amendment No. 2 to the Credit Agreement), and if the contractual spread is so reduced then the calculation of Net Economic Benefit will be reasonably adjusted by ▇▇▇▇▇▇▇ Sachs to take into account any net benefit to the Borrowers received by such reduction. The Borrowers hereby agree to cooperate in good faith with ▇▇▇▇▇▇▇ ▇▇▇▇▇ in connection with any such syndication of the Credit Facility and will (if requested by ▇▇▇▇▇▇▇ Sachs) execute a syndication engagement letter with ▇▇▇▇▇▇▇ ▇▇▇▇▇ or its affiliates with respect thereto.

Net Economic Benefit has the meaning set forth in Section 3.5(b).

Net Economic Benefit means, with respect to any Deferred Business, the amount of “net economic benefit” related to the operation of such Deferred Business during the Deferred Period, as calculated in accordance with Annex D attached hereto.