New Geographic Area definition

New Geographic Area means a geographic area where the Recipient has five (5) percent or less of its portfolio, based on the average outstanding portfolio of the Recipient’s three most recently completed fiscal years as of the Application Deadline.
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Examples of New Geographic Area in a sentence

  • If a Tenant Capital Improvement constitutes an Extension of the Distribution Systems to a New Geographic Area where Tenant or its Subsidiaries are licensed as an incumbent local exchange carrier (each a “TCI ILEC Extension”), then Tenant shall receive fair value for such TCI ILEC Extension by having such TCI ILEC Extension included as part of the Communication Assets sold under Article XXXVI.

  • If the reduction in the PG&M described above resulted in a PG&M that is less than the floor, then the PG&M would be the floor to ensure that investment in the New Geographic Area is at least commensurate to the amount of the FA Award.

  • If a Tenant Capital Improvement constitutes an Extension of the Distribution Systems to a New Geographic Area where Tenant or its Subsidiaries are licensed as a competitive local 5555 exchange carrier (each a “TCI CLEC Extension”), then Tenant shall receive fair value for such TCI CLEC Extension by having such TCI CLEC Extension included as part of the Communications Assets sold under Article XXXVI.

  • If the Recipient selected more than one New Geographic Area, the Projected Loan/Equity amount from each New Geographic Area FA Objective were summed up into one PG&M.

  • If a Tenant Capital Improvement constitutes an Extension of the Distribution Systems to a New Geographic Area where Tenant or its Subsidiaries are licensed as an incumbent local exchange carrier (each a “TCI ILEC Extension”), then Tenant 5656 shall receive fair value for such TCI ILEC Extension by having such TCI ILEC Extension included as part of the Communications Assets sold under Article XXXVI.

  • For example, if the Recipient projected loan/equity of $10 million in the New Geographic Area in its Application and requested a $2 million FA Award, but only received a $1 million FA Award (50 percent of its request), its PG&M would be $5 million (50 percent of the projection in the Application).