Residential Class definition
Examples of Residential Class in a sentence
The aggregate load of DS Customers being provided DS Supply, except with respect to the Residential Class, less a fractional percentage of committed energy and capacity obtained under contract with Allegheny Electric Cooperative, Inc.
Subsequent to the effectiveness of the Form 10, but prior to the consummation of the Distribution, Residential shall prepare and file with the Commission a registration statement on Form S-8 (or another appropriate form) registering a number of shares of Residential Class B Common Stock equal to the number of shares subject to the options to purchase Residential Class B Common Stock resulting from the actions contemplated in Section 3.04 above and under any new equity incentive or similar plan.
Any Residential Class B Common Stock or cash in lieu of fractional shares with respect to Residential Class B Common Stock that remains unclaimed by any holder of record one hundred-eighty (180) days after the Distribution Date shall be delivered to Residential.
Residential shall hold such Residential Class B Common Stock and/or cash for the account of such holder of record and any such holder of record shall look only to Residential for such Residential Class B Common Stock and/or cash, if any, in lieu of fractional share interests, subject in each case to applicable escheat or other abandoned property laws.
Residential shall use its reasonable best efforts to cause any such registration statement to be effective (and the current status of the prospectus or prospectuses required thereby shall be maintained) as long as any such options to purchase Residential Class B Common Stock may remain outstanding.
None of ALTISOURCE, Residential or the applicable Agent will guarantee any minimum sale price for the fractional shares of Residential Class B Common Stock.
Fractional shares of Residential Class B Common Stock will not be distributed in the Distribution nor credited to book-entry accounts.
On or immediately following the Distribution Date, the Agent will mail an account statement indicating the number of shares of Residential Class B Common Stock that have been registered in book-entry form in the name of each Record Holder that holds physical share certificates representing its shares of ALTISOURCE Common Stock and that is the registered holder of the shares represented by those certificates (including the amount of cash in lieu of fractional shares as provided in Section 5.01(c) below).
Residential Class – Group of Rate Schedules that comprise the Residential Class for the DS Supply and itemized in Appendix C Rounding Amount - $100,000 Settlement Amount – With respect to a Non-Defaulting Party, the net amount of the Losses or Gains, and Costs, expressed in U.S. Dollars, which such Party incurs as a result of Early Termination, as set forth in Section 5.4(a) of this Agreement.
Residential Class: 2.8% A-10 Class: -5.0% E-19 Secondary (firm and nonfirm combined): -9.0% Agricultural Class: 4.0% Streetlighting Class: -9.0% E-20 Transmission Firm: 0.0% E-20 Primary Firm: -2.0% E-20 Secondary Firm: -9.0% Illustrative average electric rates that are expected to result from this Settlement Agreement are provided in Tables 6-A (bundled service) and 6-B (direct access service).