Triggers. Any obligation of Micron to pay Intermolecular a [***]Fee identified in a Project SOW shall be conditioned upon Intermolecular's satisfaction of certain technical criteria for Deliverables (the “Trigger(s)”) set forth in such Project SOW. A Project SOW for Category B2 or Category C may include multiple Triggers, consisting of several distinct criteria capable of independent satisfaction, such that Intermolecular's satisfaction of each individual Trigger shall give rise to an obligation for Micron to pay a corresponding portion of the overall [***]Fee (calculated by dividing the Success Fee by the number of Triggers, or as otherwise set forth in a Project SOW), subject to satisfaction of the related Production Threshold and provided that the total number of Triggers for any Project SOW shall not exceed four (4). As an example, for illustrative purposes only, a hypothetical Project SOW for Category B2 may have a [***]Fee of [***] per year, payable for [***] years, and may be determined to have three (3) Triggers. In this example, assuming that Intermolecular satisfies a first Trigger and related Production Threshold initially and satisfies a second Trigger and related Production Threshold one year later, but never satisfies the third Trigger, then Micron would [***] of [***] per year, payable for [***] years, upon satisfaction of the first Trigger and Production Threshold, and one year later Micron would [***] a second, separate [***] of [***] per year, payable for [***] years, upon satisfaction of the second Trigger and Production Threshold, but the full [***]Fee would not be payable by Micron because Intermolecular failed to satisfy the third Trigger and Production Threshold.
Triggers. For all incremental Minimum Purchase transfers pursuant to this Agreement mutually approved by East Palo Alto and Mountain View (initial or exceed the corresponding Temporary Minimum set forth in Article B, Section 2, of this Agreement for three (3) consecutive fiscal years, one (1) increment of twenty-five East Palo Alto.
Triggers. Upon and at any time following the occurrence of any of the following events (each, a "Trigger"), the Put Rights and the Call Rights shall be exercisable:
Triggers. The Company shall dissolve at any time after February 10, 2003, if at such time the aggregate Liquidation Preference is at least $7.5 million (excluding the Liquidation Preference on any PIK Preferred Stock distributed as a dividend) and holders of at least a majority of PIK Preferred Stock then outstanding vote to dissolve the Company and provide notice of such vote to the Board of Directors; provided, however, that in the event that such a vote and resulting dissolution of the Company would result in an event of default or an incipient default under any then existing indebtedness of the Company or any Subsidiary with an outstanding balance of $10 million or more, then such majority vote shall not cause the dissolution of the Company, but rather shall constitute notice by the holders of the PIK Preferred Stock to the Board of Directors that such holders desire that the Board of Directors promptly arrange the sale of the Company (including its Subsidiaries) or a sale of all or substantially all of its assets.
Triggers. The drought triggers are presented in the below table. They have been defined based on: - Groundwater level: characteristics of the abstraction system (pump level and well depth) - Reservoir level: operational philosophy and water retention capacity - Customer demand: peak demand and maximum Deployable Output (DO) Table 1 – Drought triggers Level Trigger Level 1 - Normal Groundwater level above 90m AOD* Reservoir level reaching low threshold Customer demand < 8.4 ML/d Level 2 - Developing Drought Groundwater level above 90m and below 75m AOD* Reservoir level dropping below the low threshold over less than a week Customer demand between 8 ML/d and 8.4 ML/d Level 3 - Drought Groundwater level below 75m AOD* Reservoir level dropping below the low threshold over less than 36 hours Customer demand between 8 ML/d and 8.4 ML/d Level 4 - Severe Drought Groundwater level below 30m AOD* Reservoir level dropping below the low threshold over less than 24 hours Customer demand between 8 ML/d and 8.4 ML/d *AOD: Above Ordnance Datum (with datum as mean sea level) Note: These triggers may be subject to changes following the modelling work being undertaken to validate the drought vulnerability assessment of VWPL’s supply.
Triggers. An important element of any non-compliance procedure, which has not been addressed by either the Agreement itself or the COP Decision is the question of how issues of non-compliance or implementation would be submitted to the committee’s two branches (assuming a bifurcated approach as discussed in the previous section). One option is different triggers for each of the committee’s branches. The compliance committee would have four triggers, which are mostly in line with other committees of this sort: 1) A party could self-report compliance concerns to the committee; 2) any party to the Agreement could trigger the non- compliance process; 3) the committee itself could begin proceedings based on information available from the public registry and other review and reporting requirements under UNFCCC, and 4) the CMA could initiate the process.39 The implementation branch of the committee would have two triggers: party self-reporting and a trigger based on the outcome of reports by the technical expert review process under Article 13.7.40 The technical expert review process is probably best suited to identify gaps in implementation of NDCs and the need for capacity-building assistance but may not be able to provide specific recommendations for solutions as the committee could. 38 Zahar (n 29). 39 Xxxxx (n 10). 40 ibid. Given the COP Decision’s recognition of the importance of non-party stakeholders, including civil society, private sector, financial institutions, cities, and other subnational authorities,41 it is not inconceivable that there could be allowance for an additional trigger as is found in the Aarhus Convention where members of the public and NGOs may bring issues of non-compliance to the committee.42 This would be of particular interest for the implementation branch which would consider the substantive provisions of the Agreement which are potentially more complex, varied, challenging to uncover via technical expert review and are less likely to be self-reported. Both the compliance branch and the implementation branch of the non-compliance committee could act as a forum for parties to share information, see recommendations for solutions and learn about best practices. The committee with its two branches would be well-situated to act as the clearinghouse of information on common challenges to compliance and implementation, successful interventions and assistance, clarification and explanation of obligations and commitments to the parties.
Triggers. 4.1 Short Term and / or Repeated Absence
Triggers. 1. Notwithstanding and in addition to the contribution rates recited elsewhere in this section, if the City’s Actuarially Determined Employer Contribution (ADEC) exceeds $9 million for fiscal year 2017 (based on a funding percentage of at least 78.45%), the employee contribution for FY17 will increase by the percentage required to make up the amount over $9 million, except that the contribution will not increase by more than 1% (that is, to a maximum of 4.8% (or 5.8% for those who elected option (E)(2)(a) below).
Triggers. The following occurrences shall serve as triggers for initiation of the issue resolution process:
Triggers a. When investors and creditors hold securities with aggregate share values as indicated on the schedule in Exhibit A (“Trigger Points”), or when plan distributions to investors and creditors, or other payments including without limitation rent to retaining TICs, distributions from third party recoveries, facility sales, or global disposition in the form of a sale, merger, public offering or other event relating to the MLP or the REIT), plus the aggregate share value, reaches the Trigger Points, HFG will be entitled to receive the corresponding percentage on the schedule of future MLP distributions, and, if the enterprise is sold, of sale proceeds.
