Condition 4 definition

Condition 4 means the Company achieving not less than 2 million US Dollar in after-tax profits, as determined under US GAAP, for the fiscal year ending December 31, 2011.

Condition 4 means in respect of a Component, CNYmat fixes at or below the relevant Barrier, subject to the Target Redemption Feature and Conditions.

Condition 4 means the total gross revenue of Telstar and its subsidiaries for the six-month period ended June 30, 2012 is not less than $5,000,000, as determined under US GAAP.

Examples of Condition 4 in a sentence

• The obligations of the Guarantor under the Guarantee are direct, unconditional, unsubordinated and (subject to the provisions of Condition 4) unsecured obligations of the Guarantor and (save for certain obligations required to be preferred by law) rank equally with all other unsecured obligations (other than subordinated obligations, if any) of the Guarantor, from time to time outstanding.

• Any alteration in benefits agreed by the Company as referred to in General Condition 4 shall for the purpose of this Policy take effect on the day on which the alteration takes effect for the purpose of the Scheme.

• The obligations of the Guarantor under its guarantee will be direct, unconditional and, subject to the provisions of Condition 4, unsecured obligations of the Guarantor and will rank pari passu and (save for certain obligations required to be preferred by law) equally with all other unsecured obligations (other than subordinated obligations, if any) of the Guarantor, from time to time outstanding.

• References in these Conditions to (i) "Principal" shall be deemed to include all amounts in the nature of principal payable pursuant to Condition 7 (Payments) or any amendment or supplement to it; (ii) "interest" shall be deemed to include all Arrears of Interest and all other amounts payable pursuant to Condition 4 (Interest Payments) or any amendment or supplement to it; and (iii) "principal" and/or "interest" shall be deemed to include any Additional Amounts.

• All other correspondence sent from the Contractor’s Representative to the Authority’s Representative shall be sent to the following address in compliance with Model Terms and Conditions, Condition 4.

More Definitions of Condition 4

Condition 4 means the Company filing with the SEC its annual report on Form 10-K for the fiscal year ended May 31, 2011.

Condition 4 means Armco and its Subsidiaries achieving not less than $75,000,000 in Gross Revenues, as determined under US GAAP for the calendar year ending December 31, 2008.

Condition 4 means the Operating Company achieving not less than US$ 3,900,000 in pre tax profits, as determined under US GAAP for the fiscal year ending 2009. Notwithstanding the foregoing, the Parties agree that for purposes of determining whether or not the $3,900,000 in pre tax profits have been achieved, the purchase of the Option Shares by the Buyer or any other person designated by the Buyer shall not be deemed to be an expense, charge, or other deduction from revenues of the Company even though GAAP may require contrary treatment.

Condition 4 means the Company and its subsidiaries achieving not less than $14,000,000 in after-tax profits, as determined under US GAAP, for the fiscal year ending May 31, 2011.

Condition 4 means BP2 and its subsidiaries, on a consolidated basis, achieving not less than US$9,000,000 in pre tax profits, as determined under US GAAP for the fiscal year ending 2009. Notwithstanding the foregoing, the Parties agree that for purposes of determining whether or not the US$9,000,000 in pre tax profits have been achieved, the purchase of the Option Shares by the Buyers or any other person designated by the Buyers shall not be deemed to be an expense, charge, or other deduction from revenues of the Company even though GAAP may require contrary treatment.

Condition 4 means TechTeam achieving not less than $4,000,000 in pre tax profits, as determined under US GAAP for the six months ended December 31, 2008.

Condition 4. Fix an arbitrary adversary E and suppose that advantageE(k) is non-negligible. Thus Pr[E succeeds] = 1 + n(k) i,j for some non-negligible n(k) by assumption. Now call Ak the event that E picks some Πs oracle to ask its j,i i,j Test query such that some Πt oracle has had a matching conversation to Πs . Clearly Pr[E succeeds] = Pr[E succeeds|Ak]Pr[Ak] + Pr[E succeeds|Ak]Pr[Ak] . Condition 3 ensures that Pr[Ak] = λ(k) is negligible. Hence 1 + n(k) ≤ Pr[E succeeds|Ak]Pr[Ak] + λ(k) . Therefore Pr[Ak] = 1 — λ(k) and Pr[E succeeds|Ak] = 1 + n1(k) i,j j,i for some non-negligible n1(k). Now, given event Ak, the key held by Πs will be of the form H2(αRiRj , αSiSj ) i,j or Π for Ri chosen at random by Πs and Rj chosen at random by Πt . Call Bk the event that H2 has been i,j queried on (αRiRj , αSiSj ) by E or some oracle other than Πs t j,i . Then Pr[E succeeds|Ak] = Pr[E succeeds|Ak ∧ Bk]Pr[Bk|Ak] + Pr[E succeeds|Ak ∧ Bk]Pr[Bk|Ak] . i,j Since H2 is a random oracle, and Πs and Πt remain unopened by definition, Pr[E succeeds|Ak ∧ Bk] = 1 . j,i Thus 1 + n1(k) ≤ Pr[E succeeds|Ak ∧ Bk]Pr[Bk|Ak] + 1 i,j j,i so that Pr[Bk|Ak] ≥ n1(k). We conclude that given E picks some Πs for which there exists some Πt i,j that has had a matching conversation to Πs , then the probability that H2 has previously been queried on (αRiRj , αSiSj ) is non-negligible. In particular, this means that the probability that either H1 or H2 has been queried on first input αRiRj is non-negligible (specifically at least n1(k)). Therefore we use E to construct an adversary F of the DHS. F’s operation: F takes as input (p, q, α) generated by GDH ′ ′′ k R R