Sustainability Metric Percentage definition

Sustainability Metric Percentage means the level of growth in the Sustainability Metric specified in the table below for the applicable fiscal year from the 2018 Baseline; the Sustainability Metric Percentage for each fiscal year shall be determined as of December 31 of
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Sustainability Metric Percentage means the target level of the Sustainability Metric specified for each period specified in the letter agreement between the Sustainability Structuring Agent and Prologis entered into prior to the Closing Date, as adjusted pursuant to Section 1.10.
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Sustainability Metric Percentage means a 10% (ten percent) or more improvement in either (a) the overall raw score Sustainability Rating for the Borrower or (b) two or more subcategory Sustainability Rating scores for the Borrower, in each case for the applicable Fiscal Year from such score(s) for the immediately prior Fiscal Year; the Sustainability Metric Percentage for each Fiscal Year shall be determined as of December 31 of such Fiscal Year (e.g., for the 2021 Fiscal Year, the Sustainability Metric Percentage will be determined as of December 31, 2021).
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Examples of Sustainability Metric Percentage in a sentence

  • Each party hereto hereby agrees that the Administrative Agent shall not have any responsibility for (or liability in respect of) reviewing, auditing or otherwise evaluating any calculation by the Borrower of any Sustainability Metric Percentage or any Sustainability Metric (or any of the data or computations that are part of or related to any such calculation) set forth in any Sustainability Grid Notice.

  • Following a material acquisition or disposition by any Company, Prologis may request an adjustment to the Sustainability Metric Percentage.


More Definitions of Sustainability Metric Percentage

Sustainability Metric Percentage means the level of growth in the Sustainability Metric specified in the table below for the applicable fiscal year from the 2018 Baseline; the Sustainability Metric Percentage for each fiscal year shall be determined as of December 31 of such fiscal year with respect to development projects stabilized during the prior fiscal year (e.g. for the 2019 fiscal year, the Sustainability Metric Percentage will be determined as of December 31, 2019 with respect to development projects stabilized during the 2018 fiscal year). “2018 Baseline” means the LEED certified (or other similarly recognized rating systems) stabilized development projects of the Companies as a percentage of the total number of all development projects of the Companies stabilized during the 2017 fiscal year calculated as of December 31, 2018.
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Sustainability Metric Percentage means the level of growth in the Sustainability Metric specified in the table below for the applicable fiscal year from the 2020 Baseline as shown in the table below; the Sustainability Metric Percentage for each fiscal year shall be determined as of December 31 of such fiscal year. Fiscal Year Sustainability Metric Percentage 2021 2020 Baseline plus 2.0% 2022 2020 Baseline plus 4.0% 2023 2020 Baseline plus 6.0% 2024 2020 Baseline plus 7.5% 2025 2020 Baseline plus 9.0%
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Sustainability Metric Percentage means the correlative percentage growth in the Sustainability Metric set forth in the chart below for the applicable fiscal year from 2021 Baseline; the Sustainability Metric Percentage for each fiscal year shall be determined as of December 31 of such fiscal year. Fiscal Year Sustainability Metric Percentage 2022 2021 Baseline plus 20.0% 2023 2021 Baseline plus 24.0% 2024 2021 Baseline plus 28.8% 2025 2021 Baseline plus 34.6% 2026 2021 Baseline plus 41.5% 2027 2021 Baseline plus 49.8% SCHEDULE I Schedule II to Fifth Amended and Restated Credit Agreement Lender Commitments and Percentages Lender First Amendment Incremental Commitment Aggregate Lender Commitment Percentage PNC Bank, National Association $35,000,000.00 $72,500,000107,500,000.00 17.05882353017.200000000% Regions Bank $35,000,000.00 $67,500,000102,500,000.00 15.88235294116.400000000% Xxxxx Fargo Bank, National Association $55,000,000 12.941176471% Bank of America, N.A. $30,000,000.00 $55,000,00085,000,000.00 12.94117647113.600000000% TD Bank, N.A. $30,000,000.00 $70,000,000.00 11.200000000% U.S. Bank National Association $0.00 $55,000,00055,000,000.00 12.9411764718.800000000% Xxxxx Fargo Bank, National Association $0.00 $55,000,000.00 8.800000000% The Bank of New York Mellon $0.00 $40,000,00040,000,000.00 9.4117647066.400000000% TD Bank, N.A.BankPlus $20,000,000.00 $40,000,00040,000,000.00 9.4117647066.400000000% BankPlusThe Huntington National Bank $30,000,000.00 $20,000,00030,000,000.00 4.7058823524.800000000% Associated Bank, National Association $20,000,000.00 $20,000,000.00 3.200000000% Xxxxxxx Xxxxx Bank, N.A. $0.00 $20,000,00020,000,000.00 4.7058823523.200000000% Total: $200,000,000.00 $425,000,000625,000,000.00 100.000000%
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Sustainability Metric Percentage means the correlative percentage growth in the Sustainability Metric set forth in the chart below for the applicable fiscal year from 2021 Baseline; the Sustainability Metric Percentage for each fiscal year shall be determined as of December 31 of such fiscal year. Fiscal Year Sustainability Metric Percentage 2022 2021 Baseline plus 20.0% 2023 2021 Baseline plus 24.0% 2024 2021 Baseline plus 28.8% 2025 2021 Baseline plus 34.6% 2026 2021 Baseline plus 41.5% 2027 2021 Baseline plus 49.8% SCHEDULE I Schedule II to Fifth Amended and Restated Credit Agreement Lender Commitments and Percentages Lender Lender Commitment Percentage PNC Bank, National Association $72,500,000 17.058823530% Regions Bank $67,500,000 15.882352941% Xxxxx Fargo Bank, National Association $55,000,000 12.941176471% Bank of America, N.A. $55,000,000 12.941176471% U.S. Bank National Association $55,000,000 12.941176471% The Bank of New York Mellon $40,000,000 9.411764706% TD Bank, N.A. $40,000,000 9.411764706% BankPlus $20,000,000 4.705882352% Xxxxxxx Xxxxx Bank, N.A. $20,000,000 4.705882352% Total: $425,000,000 100.000000%
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Sustainability Metric Percentage means the level of growth in the Sustainability Metric specified in the table below for the applicable fiscal year from the 2018 Baseline; the Sustainability Metric Percentage for each fiscal year shall be determined as of December 31 of such fiscal year with respect to development projects stabilized during the prior fiscal year (e.g. for the 2019 fiscal year, the Sustainability Metric Percentage will be determined as of December 31, 2019 with respect to development projects stabilized during the 2018 fiscal year). “2018 Baseline” means the LEED certified (or other similarly recognized rating systems) stabilized development projects of the Companies as a percentage of the total number of all development projects of the Companies stabilized during the 2017 fiscal year calculated as of December 31, 2018. Fiscal Year Sustainability Metric Percentage 2020 2018 Baseline plus 8 percentage points 2021 2018 Baseline plus 10 percentage points 2022 2018 Baseline plus 11 percentage points 2023 and thereafter 2018 Baseline plus 12 percentage points
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Related to Sustainability Metric Percentage

  • Extreme performance coating means coatings designed for harsh exposure or extreme environmental conditions.

  • Sustainability Factors means environmental, social and employee matters, respect for human rights, anti‐corruption and anti‐bribery matters.

  • Uptime Percentage means Uptime expressed as a percentage, calculated in accordance with the following formula:

  • Applicable ECF Percentage means, for any fiscal year, (a) 50% if the Total Leverage Ratio as of the last day of such fiscal year is greater than or equal to 6.00 to 1.00, (b) 25% if the Total Leverage Ratio as of the last day of such fiscal year is less than 6.00 to 1.00 but greater than or equal to 5.00 to 1.00 and (c) 0% if the Total Leverage Ratio as of the last day of such fiscal year is less than 5.00 to 1.00.

  • Monthly Uptime Percentage means total number of minutes in a calendar month minus the number of minutes of Downtime suffered in a calendar month, divided by the total number of minutes in a calendar month.

  • Interconnected Reliability Operating Limit or “IROL” shall mean the value (such as MW, MVAR, Amperes, Frequency, or Volts) derived from, or a subset of, the System Operating Limits, which if exceeded, could expose a widespread area of the bulk electrical system to instability, uncontrolled separation(s) or cascading outages.

  • Affordability average means the average percentage of median income at which restricted units in an affordable housing development are affordable to low- and moderate-income households.

  • Sustainability means the use, development, and protection of resources at a rate and in a manner that enables people to meet their current needs while allowing future generations to meet their own needs; “sustainability” requires simultaneously meeting environmental, economic and community needs.

  • Constant Percentage 1 means 100%;

  • Achievement Percentage means the percentage of achievement determined by the Committee after the end of the Performance Cycle in accordance with Section 4 that reflects the extent to which the Company achieved the Performance Goals during the Performance Cycle.

  • Utilization Percentage means, on any day, the percentage produced by dividing (a) the aggregate Revolving Credit Exposures by (b) the total Commitments, unless the Commitments shall have been terminated, in which case the Utilization Percentage shall be 100%.

  • Constant Percentage 2 means 100%;

  • Payout Percentage means the percentage (between 0% and 200%) determined by the Committee in accordance with the procedures set forth in Paragraph 2, which shall be used to determine the value of each Performance Unit.

  • Target Percentage means those percentages assigned to Participants pursuant to Section 3.2 hereof.

  • NOLV Percentage the net orderly liquidation value of Inventory, expressed as a percentage, expected to be realized at an orderly, negotiated sale held within a reasonable period of time, net of all liquidation expenses, as determined from the most recent appraisal of Borrowers’ Inventory performed by an appraiser and on terms satisfactory to Agent.

  • Commitment Utilization Percentage means on any day the percentage equivalent to a fraction (a) the numerator of which is the aggregate outstanding principal amount of Revolving Credit Loans, including the aggregate outstanding principal amount of Letters of Credit, Swingline Loans and Competitive Loans, and (b) the denominator of which is the Total Commitment (or, on any day after termination of the Commitments, the Total Commitment in effect immediately preceding such termination).

  • Applicable Commitment Percentage means, with respect to each Lender at any time, a fraction, the numerator of which shall be such Lender's Revolving Credit Commitment and the denominator of which shall be the Total Revolving Credit Commitment, which Applicable Commitment Percentage for each Lender as of the Closing Date is as set forth in Exhibit A; provided that the Applicable Commitment Percentage of each Lender shall be increased or decreased to reflect any assignments to or by such Lender effected in accordance with Section 11.1.

  • Adjusted community rate means the rating method used to

  • Adjusted Total turnover means the turnover in a State or a Union territory, as defined under sub-section (112) of section 2, excluding the value of exempt supplies other than zero-rated supplies, during the relevant period;

  • Buyer’s Margin Percentage For any Purchased Asset as of any date, the percentage equivalent of the quotient obtained by dividing (a) one (1) by (b) the Applicable Percentage used to calculate the Purchase Price on the related Purchase Date.

  • PO Percentage As to any Discount Mortgage Loan, a fraction (expressed as a percentage) the numerator of which is the excess of the Required Coupon over the Adjusted Net Mortgage Rate of such Discount Mortgage Loan and the denominator of which is such Required Coupon. As to any Non-Discount Mortgage Loan, 0%.

  • Performance Percentage means the factor determined pursuant to a Performance Schedule that is to be applied to a Target Award and that reflects actual performance compared to the Performance Target.

  • Building level or district level leader means an individual employed by the District whose job assignment is that of a building level or district level administrator or an equivalent role, including an administrator licensed by the State Board of Education, an unlicensed administrator, or an individual on an Administrator Licensure Completion Plan. Building level or district level leader does not include the superintendent, deputy superintendents, associate superintendents, and assistant superintendents.

  • Working level (WL) means any combination of short-lived radon daughters in 1 liter of air that will result in the ultimate emission of 1.3E+5 MeV of potential alpha particle energy. The short-lived radon daughters are—for radon-222: polonium-218, lead-214, bismuth-214, and polonium-214; and for radon-220: polonium-216, lead-212, bismuth-212, and polonium-212.

  • Shift Percentage As to any Distribution Date occurring during the five years beginning on the first Distribution Date, 0%. For any Distribution Date occurring on or after the fifth anniversary of the first Distribution Date as follows: for any Distribution Date in the first year thereafter, 30%; for any Distribution Date in the second year thereafter, 40%; for any Distribution Date in the third year thereafter, 60%; for any Distribution Date in the fourth year thereafter, 80%; and for any Distribution Date thereafter, 100%.

  • Non-PO Percentage As to any Discount Mortgage Loan, a fraction (expressed as a percentage) the numerator of which is the Adjusted Net Mortgage Rate of such Discount Mortgage Loan and the denominator of which is the Required Coupon. As to any Non-Discount Mortgage Loan, 100%.