Equivalent Basis definition

Equivalent Basis means, when used in respect of particular provisions of the Retail Energy Code, that those provisions (as amended from time to time) are to apply to this Access Agreement as if they were set out in this Access Agreement, subject to the changes necessary for those provisions to make sense in the context of this Access Agreement (including so that references in those provisions to 'this Code' were to 'this Access Agreement'); 1.3 Save as otherwise defined in this Access Agreement, the words and expressions used in this Access Agreement shall be interpreted on an Equivalent Basis in accordance with the definitions and provisions regarding interpretation set out in the Retail Energy Code.
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Equivalent Basis means the relative value of one share of Preferred Stock ---------------- to the value of one share of Common Stock, which shall be determined , at the option of the Group A Holder effecting a Transfer pursuant to Section 3.4 or Section 3.5, either (i) by assuming the conversion in full of the Preferred Stock into Common Stock in accordance with its terms, allocating to holders of Preferred Stock of the full value of all accrued and unpaid dividends on such Preferred Stock at the time of determination, (ii) by an independent investment banking firm selected by the Board, who shall, within 30 days after selection by the Board, determine the relative value of the Preferred Stock and the Common Stock using customary investment banking methods giving effect to the value of the liquidation preference of the Preferred Stock, and whose determination shall be conclusive on all parties, or (iii) in the event the proposed consideration being offered with respect to the Preferred Stock (assuming conversion in full of the Preferred Stock and allocating to holders of Preferred Stock of the full value of all accrued and unpaid dividends on such Preferred Stock at the time of determination) in a Transfer governed by Section 3.4 or 3.5 is less than the amount of the full liquidation preference of the Preferred Stock plus accrued and unpaid dividends, then the consideration shall be allocated first to the Preferred Stock to the extent of the accrued and unpaid dividends thereon, then to the holders of the Preferred Stock and Common Stock on a Common Stock equivalent basis assuming conversion in full of the Preferred Stock but allocating to the Common Stock represented by Preferred Stock two times the amount allocated to Common Stock not represented by Preferred Stock, until the holders of Preferred Stock have received the amount of the full liquidation preference and accrued and unpaid dividends on the Preferred Stock, and thereafter in accordance with clause (i) above.
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Examples of Equivalent Basis in a sentence

  • The ELNO must treat a Person Wishing To Integrate or a Person Who Has Integrated on an Equivalent Basis, subject only to differences which are attributable to the type, level or class of Integration with the ELN, provided that each Person Wishing To Integrate or Person Who Has Integrated has an equivalent opportunity to choose between those options compared with each other Person Wishing to Integrate or Person Who Has Integrated.

  • The ELNO must treat a Person Wishing To Integrate or a Person Who Has Integrated on an Equivalent Basis, subject only to differences which are attributable to the type, level or class of Integration with the ELN provided that each Person Wishing To Integrate or Person Who Has Integrated has an equivalent opportunity to choose between those options compared with each other Person Wishing to Integrate or Person Who Has Integrated.

  • With free entry into innovation, there must exist a cutoff zˆ such that the entrepreneurs with quality (ability) z = zˆ are indifferent between working as production workers or innovators: π(zˆ) = w.

  • The provisions of clauses 24 (Contract Managers and Party Details) and 25 (Notices) of the main body of the Retail Energy Code shall apply on an Equivalent Basis (for which purpose, the User's initial Party Details shall be those details it provided as part of its application to become a REC Service User).

  • Where the User acts as a controller of the data processed pursuant to this Access Agreement, the provisions of clause 19 (Data Controller Obligations) of the main body of the Retail Energy Code shall apply on an Equivalent Basis.

  • The provisions of clause 14 (Limitation of Liability) of the main body of the Retail Energy Code shall apply on an Equivalent Basis, so that each Party's liability in respect of this Access Agreement is limited as each REC Party's liability is limited in respect of the Retail Energy Code.

  • The provisions of clause 18 (Confidentiality) of the main body of the Retail Energy Code shall apply on an Equivalent Basis.

  • The REC Performance Assurance Board shall be entitled to impose sanctions in accordance with the Performance Assurance Schedule (which shall apply on an Equivalent Basis), and the User shall comply with the directions of the REC Performance Assurance Board.

  • The provisions of clause 21 (Force Majeure) of the main body of the Retail Energy Code shall apply on an Equivalent Basis, so as to give RECCo the benefit of Force Majeure relief in respect of the User's rights of access under this Access Agreement.

  • The User shall be bound by and shall comply with the Green Deal Arrangements Schedule in its role as a Green Deal User (which schedule shall apply on an Equivalent Basis).

Related to Equivalent Basis

  • Equivalent Amount of any currency with respect to any amount of Dollars at any date shall mean the equivalent in such currency of such amount of Dollars, calculated on the basis of the Exchange Rate for such other currency at 11:00 a.m., London time, on the date on or as of which such amount is to be determined.

  • Dose equivalent (HT means the product of the absorbed dose in tissue, quality factor, and all other necessary modifying factors at the location of interest. The units of dose equivalent are the sievert (Sv) and rem.

  • Equivalent Load means the sum of a Market Participant’s net system requirements to serve its customer load in the PJM Region, if any, plus its net bilateral transactions.

  • Equivalent method means any method of sampling and analyzing for an air pollutant that has been demonstrated to the satisfaction of the commissioner and the U.S. EPA to have a consistent and quantitatively known relationship to the reference method under specific conditions.

  • DBRS Equivalent Rating means, with respect to any date and any Person with respect to whom DBRS does not maintain a public Relevant DBRS Rating as of such date:

  • Morphine equivalent dose means a conversion of various opioids to a morphine equivalent dose by the use of accepted conversion tables.

  • equivalence means the state wherein mandatory requirements applied in the exporting Party, though different from the mandatory requirements applied in the importing Party, meet the legitimate objective of the mandatory requirements applied in the importing Party;

  • Effective dose equivalent (HE means the sum of the products of the dose equivalent to each organ or tissue (HT) and the weighting factor (wT) applicable to each of the body organs or tissues that are irradiated (HE = Σ wTHT).

  • Dose equivalent (HT) means the product of the absorbed dose in tissue, quality factor, and all other necessary modifying factors at the location of interest. The units of dose equivalent are the sievert (Sv) and rem.

  • Lead equivalent means the thickness of lead affording the same attenuation, under specified conditions, as the material in question.

  • Equivalent position means employment in an equivalent position, in relation to the employee’s previous position, that is:  generally similar in role, duties and status; and  requires similar qualifications, training, skills and experience but may have a different title/or unit allocation; and • is in the same general locality; and • is on terms and conditions of employment that are no less favourable than those that applied to the employee immediately before the offer of employment.

  • Equivalent Preferred Stock shall have the meaning set forth in Section 11(b) hereof.

  • SAR Value means the excess of the Fair Market Value (on the exercise date) over the exercise price that the participant would have otherwise had to pay to exercise the related Stock Option, multiplied by the number of shares for which the Stock Appreciation Right is exercised.

  • USD Equivalent means (i) in respect of each FX Offsetting Transaction, each FX Direct Transaction and each Reverse Dealer Transaction that is a FX Transaction or Currency Option Transaction (assuming (1) the exercise of any Currency Option Transaction and (2) in respect of any Non-Deliverable FX Transaction, the actual exchange of the amounts of the relevant currencies), (y) if there is a USD amount payable either to or by JPMC under such FX Offsetting Transaction, FX Direct Transaction, or Reverse Dealer Transaction, as the case may be, such USD amount or (z) if there is no USD amount payable either to or by JPMC under such FX Offsetting Transaction, FX Direct Transaction, or Reverse Dealer Transaction, as the case may be, then the Dollar Value, determined by JPMC, of the amount of currency payable to JPMC under such FX Offsetting Transaction or Reverse Dealer Transaction, as the case may be, and (ii) in respect of each Bullion Offsetting Transaction, each Bullion Direct Transaction, or Reverse Dealer Transaction that is a Bullion Trade or Bullion Option, as the case may be, (assuming the exercise of any Bullion Option), the Dollar Value, determined by JPMC, of the relevant quantity of Bullion payable to JPMC under such Bullion Offsetting Transaction, Bullion Direct Transaction, or Reverse Dealer Transaction, as the case may be,.

  • Therapeutically equivalent means a drug product with the same efficacy and toxicity when administered to an individual as the originally prescribed drug as provided for in Section 39‑24‑40.

  • Dollar Equivalent Amount means (i) with respect to any amount of Alternate Currency on any day, the equivalent amount in Dollars of such amount of Alternate Currency as determined by the Administrative Agent using the applicable Exchange Rate on such day and (ii) with respect to any amount of Dollars, such amount.

  • Aggregate Industry Equivalent Unit Score is then calculated for each S&P Industry Classification, shown on Schedule 2, and is equal to the sum of the Equivalent Unit Scores for each issuer in such industry classification group.

  • Equivalent Shares means Preferred Shares and any other class or series of capital stock of the Company which is entitled to the same rights, privileges and preferences as the Preferred Shares.

  • Equivalent Preferred Shares shall have the meaning set forth in Section 11(b) hereof.

  • Incremental Equivalent Debt has the meaning assigned to such term in Section 6.01(a)(xxiii).

  • SPS AER Value means the Underlying Reference Value.

  • Aluminum equivalent means the thickness of type 1100 aluminum alloy affording the same attenuation, under specified conditions, as the material in question.

  • Reference Value means the last reported sales price of the shares of Common Stock for any twenty (20) trading days within the thirty (30) trading-day period ending on the third trading day prior to the date on which notice of the redemption is given.

  • Equivalent e-document means an electronic equivalent of a document, issued by the issuing authority of such document with its valid digital signature including documents issued to the digital locker account of the client as per rule 9 of the Information Technology (Preservation and Retention of Information by Intermediaries Providing Digital Locker Facilities) Rules, 2016.