Explanation 2. The term “significant transaction or arrangement” shall mean any individual transaction or arrangement that exceeds or is likely to exceed 10% of the total revenues or total expenses or total assets or total liabilities, as the case may be, of the material unlisted subsidiary for the immediately preceding accounting year. Explanation 3: Where a listed holding company has a listed subsidiary which is itself a holding company, the above provisions shall apply to the listed subsidiary insofar as its subsidiaries are concerned.
Explanation 2. A member will be considered to have accounting or related financial management expertise if he or she possesses experience in finance or accounting, or requisite professional certification in accounting, or any other comparable experience or background which results in the individual’s financial sophistication, including being or having been a chief executive officer, chief financial officer or other senior officer with financial oversight responsibilities.
Explanation 2. The Delivered Energy in a Billing Month shall be limited to the energy calculated based on the Contracted Capacity in KW multiplied with number of hours and fraction thereof, the Project is in operation during that Billing Month. Explanation 3: The Delivered Energy shall be purchased by the DISCOM at a tariff for that year stipulated in Article 2.2 of this Agreement upto 25% CUF. The Delivered Energy beyond the 25% CUF may be purchased from the solar power developer (SPD) by the DISCOM at 50% of the tariff for that Tariff Year as per the Article 2.2 of the Agreement.
Examples of Explanation 2 in a sentence
Explanation 2: Biometric based e-KYC authentication can be done by bank official/business correspondents/business facilitators.
Explanation 2- Outstanding dues shall mean and include any amount accrued/ due against the licensee under this or any other agreement at any of AAI airport or airport premises.
Explanation 2: The extent of foreign investment in the corpus of the Investment Vehicle will not be a factor to determine as to whether downstream investment of the Investment Vehicle concerned is foreign investment or not.
If this is a cooperative or sole source purchase, proceed to the instructions for Section I.
The following procedure is followed for each Public Hearing listed: 1) Staff Explanation; 2) Public Discussion; 3) Council Comments; 4) Close public portion of the Hearing; 5) City Council discussion; and 6) Decision.
More Definitions of Explanation 2
Explanation 2. Outstanding dues shall mean and include any amount accrued/due against the licensee under this or any other agreement at any of AAI airport or airport premises. Signed by Airport Director, Airports Authority of India, LBSI Airport, Varanasi for and on behalf of The Airports Authority of India, in the presence of: SIGNATURE OF AIRPORT DIRECTOR WITNESS:
Explanation 2. The Delivered Energy in a Billing Month shall be limited to the energy calculated based on the Contracted Capacity in KW multiplied with number of hours and fraction thereof the Project is in operation during that Billing Month. However, no payment shall be made for any excess energy delivered beyond the quantum of energy calculated at 100% PLF of Contracted Capacity. Explanation 3: Energy beyond the CUF of 45% would be procured from the Mini Hydel Developer by the DISCOMS as per Clause 2.2.
Explanation 2 existing population” means the population projected for the year in which the constitution of the municipality is being considered as per the following formula, namely:-
Explanation 2. In case the IPP choses to supply a portion of power to Discom, the provisions of clauses 5.7 to clause 5.10 shall apply mutatis mutandis.
Explanation 2. The delivered energy in a Billing Month shall be limited to the energy calculated based on the Capacity agreed for export to network for sale to DISCOM as mentioned in Preamble and Schedule – 1, multiplied with number of hours and fraction thereof the project is in operation during that billing month. In case any excess energy is delivered no payment shall be made for the same. Explanation 3: The Delivered Energy will be equal to energy recorded by the individual meter at Project’s switchyard minus apportioned line losses from Project’s switchyard to HV side of Pooling Substation and shall be calculated as per the formula mentioned below: Delivered Energy = X1 – (X1 x Z %) Where X1 is the reading of the energy meter installed at the Project’s switchyard. Z% is the line loss incurred in the transmission line between the Project and the Pooling Substation and shall be: (X1 + X2 + X3 + X4 + _ _ _ _ _) -- Y Z = ------------------------------------------- x 100 (X1 + X2 + X3 + X4 + ) Where Y is the reading of the common energy meter installed on the HT side of the Pooling Substation, X1, X2, X3, X4 etc. are the readings of the energy meters installed at the various individual Wind power projects being developed/proposed to be set up in the area and connected to the Pooling Substation.
Explanation 2. The delivered energy in a Billing Month shall be limited to the energy calculated based on the Capacity agreed for export to network for sale to DISCOM as mentioned in Preamble and Schedule – 1, multiplied with number of hours and fraction thereof the project is in operation during that billing month. In case any excess energy is delivered no payment shall be made for the same.
Explanation 2. Board or Authority” means any corporation, company society or any other body of one or more persons whether incorporated or not, established, registered or formed by or und er an y C entral l aw or l aw of an y S tate f or t he i tem be ing i n force or exercising powers and functions under any such law”.