Proportional value definition

Proportional value means the ratio of a manufacturer’s California applicable sales volume to the manufacturer’s Section 177 state applicable sales volume. In any given model year, the same applicable sale volume calculation method must be used to calculate proportional value.
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Proportional value means the portion of their Settlement Entitlement (in the case of SAB Zenzele Retailer Shareholders, less their SAB Zenzele Scheme Entitlements) which each category of Qualifying Investor elects to reinvest pursuant to the Reinvestment Offer, divided by 40 (on the basis that this number represents the issue price of R40 for each SAB Zenzele Kabili Ordinary Share). In this respect, please see the column “Reinvestment election” in the worked example set out in Annexure 1 to this Prospectus; “Prospectus” means this entire document and all the annexures to it; “Qualifying Investors” means, collectively:(i) the SAB Zenzele Retailer Shareholders; and(ii) the beneficiaries of The SAB Zenzele Employee Trust,and “Qualifying Investor” shall mean any one of them as the context may require; “Rand” or “R” means South African rand, the official currency of South Africa; “Registered Office of SAB Zenzele Kabili” means the registered office of SAB Zenzele Kabili, being: 65 Park Lane, Sandown, Sandton, 2196; “Reinvestment Offer” means an invitation to Qualifying Investors to cede all or a portion of their Settlement Entitlement (which, in the case of SAB Zenzele Retailer Shareholders, will be their entitlement remaining after having taken into account the portion of their Settlement Entitlement ceded to SAB Zenzele Kabili pursuant to the SAB Zenzele Scheme, if approved and implemented) in exchange for SAB Zenzele Kabili Ordinary Shares of Proportional Value; “Reinvestment Offer Cap” has the meaning ascribed to the term in paragraph 9.1.2.2 of the section titled: “Overview of Participation Process” on page 12 of this Prospectus; “Reinvestment Offer Period” means the period between the opening of the Reinvestment Offer and its closing, presently scheduled to be from 09:00 on Wednesday, 19 February 2020 to 16:00 on Tuesday, 7 April 2020; “Retailer Exchange Transaction” means the transaction contemplated on maturity of the Existing Empowerment Transaction, pursuant to which the SAB Zenzele Retailer Shareholders would transfer their SAB Zenzele Shares to AB InBev (or its nominee), and in exchange AB InBev would allot and issue AB InBev Shares to such SAB Zenzele Retailer Shareholders, in such number as determined in accordance with the formula set out in the Amended and Restated Exchange Agreement; “SAB” means The South African Breweries Proprietary Limited, a private company incorporated in accordance with the laws of South Africa under registration number: 1998/006375/07; “SA...
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Examples of Proportional value in a sentence

  • Proportional value for a subcontracted partial Contract item will be verified by the Project Manager.

  • Proportional value of a subcontracted partial contract item will be verified by the Engineer.

  • Proportional value for a subcontracted partial contract item will be verified by the Engineer.

  • Proportional value for a subcontracted par- tial contract item shall be verified by the Engineer.

  • First, Respondent has granted an adequate royalty in conformity with Article 31(h) of TRIPS Agreement.

  • Proportional value looks at the relationship between the value of the work performed and the compensation received by male job classes, and applies that relationship to determine the pay for female job classes.Proxy MethodThe proxy comparison method allows defined organizations in the broader public sector, which have mostly or all female job classes, to find comparators from another public sector organization.

  • Proportional value indirectly compares female and male job classes by looking at the relationship between the value of the work performed and the compensation received by male job classes and applying the same principles and practices to compensating female job classes.

  • Contact Work Cond 2 32 29.75 33.6 19.5 19.5 29.25 39 29.25 33.6 19.5 3 50 45.5 55.2 33 33 49.5 66 49.5 55.2 33 4 68 61.25 76.8 46.5 46.5 69.75 93 69.75 76.8 46.5 5 86 77 98.4 60 60 90 120 90 98.4 60 6 104 92.75 120 120 7 122 108.5 8 140 124.25 9 140 Point Spread by Grade Grade Points 1 360 – 420 2 421 – 480 3 481 – 540 4 541 – 600 5 601 – 660 6 661 – 720 7 720 + Proportional value, using all male dominated jobs within the bargaining unit, was applied to achieve Pay Equity maintenance.

  • In some cases, they may have the required authority and expertise.

  • The value share of other resources programme funding agreements that are multi-year stood at 68 per cent in 2019, up from just 7 per cent in 2016 but down from 79 percent in 2018.Figure VII Proportional value of multi-year funding agreements by resource type, 2016–20198(millions of United States dollars) 8 Total commitment value for regular resources includes multi-year agreements signed with Member States, as well as pledges, and represents the total contributions received in a given year.

Related to Proportional value

  • Proportional Share means the annual revenue of a health care institution received in the form of medical assistance reim- bursement or public employee insurance from the state, divided by the total annual revenue of the health care institution.

  • Original Value The lesser of (a) the Appraised Value of a Mortgaged Property at the time the related Mortgage Loan was originated and (b) if the Mortgage Loan was made to finance the acquisition of the related Mortgaged Property, the purchase price paid for the Mortgaged Property by the Mortgagor at the time the related Mortgage Loan was originated.

  • Nominal Value means having a retail value of

  • Proportionate Percentage means the percentage that expresses the ratio of (x) the number of issued and outstanding shares of capital stock of the Company (on an as converted basis) then owned of record by such stockholder over (y) the aggregate number of outstanding shares of capital stock of the Company (on an as converted basis).

  • Initial Value has the meaning set forth in Section 1.76(a).

  • Worst Value means, in respect of a ST Valuation Date, the RI Value for the Reference Item(s) with the lowest or equal lowest RI Value for any Reference Item in the Basket in respect of such ST Valuation Date.

  • Adjusted Value as used in subdivision (d) means:

  • RI Initial Value means, in respect of a Reference Item, the Initial Closing Price.

  • Total Value means either the fair market value or the actual price paid for a covered animal part or product, whichever is greater.

  • Purchase Price Percentage has the meaning assigned to such term in the Pricing Side Letter.

  • Market Value Adjustment means, on a given date, an amount equal to the lesser of (x) 98% and (y) a percentage determined according to the following formula: Market Value Adjustment = 98% – [(10yrCMTt – 10yrCMTlaunch) ×Duration], where 10yrCMTt = the 10-Year Treasury Constant Maturity Rate published each business day by the Board of Governors of the Federal Reserve System, or, if such rate ceases to be published, a successor rate reasonably determined by the Trustees (the “10-Year CMT”), on such repurchase date; 10yrCMTlaunch = the 10-Year CMT as of the end of the Initial Offering Period; and Duration = an estimate of the duration of the periodic interest payments of a hypothetical coupon-paying U.S. Government Security with a 25-year maturity, calculated by the Trust’s Investment Manager as of the end of the Initial Offering Period;

  • Purchase Price Per Share means $0.01 per share, as may be adjusted from time to time in accordance with Section 5 or 6.

  • Added value means that the Contractor performs subcontract management functions that the Contracting Officer determines are a benefit to the Government (e.g., processing orders of parts or services, maintaining inventory, reducing delivery lead times, managing multiple sources for contract requirements, coordinating deliveries, performing quality assurance functions).

  • Initial Valuation means, when used with reference to specified Collateral, the Valuation initially performed for the Collateral as of the date on which the Collateral was added to the Collateral Pool. The Initial Valuation for each of the Initial Mortgaged Properties is as set forth in Exhibit A to the Agreement.

  • Adjusted Fair Market Value means, in the event of a Change in Control, the greater of (i) the highest price per Share paid to holders of the Shares in any transaction (or series of transactions) constituting or resulting in a Change in Control or (ii) the highest Fair Market Value of a Share during the ninety (90) day period ending on the date of a Change in Control.

  • Cash Value means the greater of (i) the amount that the policyholder is entitled to receive upon surrender or termination of the contract (determined without reduction for any surrender charge or policy loan), and (ii) the amount the policyholder can borrow under or with regard to the contract. Notwithstanding the foregoing, the term “Cash Value” does not include an amount payable under an Insurance Contract as:

  • Capitalization Value means, at any time, the sum of (1) with respect to Real Property Businesses (other than UJVs), individually determined, the greater of (x) Combined EBITDA from such businesses (a) in the case of all Real Property Businesses other than hotels or trade show space, for the most recently ended calendar quarter, annualized (i.e., multiplied by four), and (b) in the case of hotels or trade show space, for the most recently ended four consecutive calendar quarters, in both cases, capitalized at a rate of 6.0% per annum, and (y) the Gross Book Value of such businesses; (2) with respect to Other Investments, which do not have publicly traded shares, the Net Equity Value of such Other Investments; (3) with respect to Real Property UJVs, which do not have publicly traded shares, individually determined, the greater of (x) Combined EBITDA from such Real Property UJVs (a) in the case of all Real Property UJVs other than those owning hotels or trade show space, for the most recently ended calendar quarter, annualized (i.e., multiplied by four), and (b) in the case of Real Property UJVs owning hotels or trade show space, for the most recently ended four consecutive calendar quarters, in both cases, capitalized at the rate of 6.0%, less Borrower’s Pro Rata Share of any Indebtedness attributable to such Real Property UJVs, and (y) the Net Equity Value of such Real Property UJVs (subject to the last sentence of this definition); and (4) without duplication, Borrower’s Pro Rata Share of Unrestricted Cash and Cash Equivalents, the book value of notes and mortgage loans receivable and capitalized development costs (exclusive of tenant improvements and tenant leasing commission costs), and the fair market value of publicly traded securities, at such time, all as determined in accordance with GAAP. For clarity, the parties acknowledge and agree that the calculations pursuant to clause (1)(x) and (y) and clause (3)(x) and (y) above in this definition are intended to be made on a Real-Property-Asset-by-Real-Property-Asset basis. For the purposes of this definition, (1) for any Disposition of Real Property Assets by a Real Property Business during any calendar quarter, Combined EBITDA will be reduced by actual Combined EBITDA generated from such asset or assets, (2) the aggregate contribution to Capitalization Value in excess of 35% of the total Capitalization Value from all Real Property Businesses and Other Investments owned by UJVs shall not be included in Capitalization Value, and (3) the aggregate contribution to Capitalization Value from leasing commissions and management and development fees in excess of 15% of Combined EBITDA shall not be included in Capitalization Value. To the extent that liabilities of a Real Property UJV are Recourse to Borrower or the General Partner, then for purposes of clause (3)(y) above, the Net Equity Value of such Real Property UJV shall not be reduced by such Recourse liabilities.

  • RI Value means, in respect of a Reference Item and a ST Valuation Date, (i) the RI Closing Value for such Reference Item in respect of such ST Valuation Date, divided by (ii) the relevant RI Initial Value (expressed as a percentage).

  • New value means (i) money, (ii) money's worth in property, services, or new credit, or (iii) release by a transferee of an interest in property previously transferred to the transferee. The term does not include an obligation substituted for another obligation.

  • Closing Price Per Share means, with respect to the Common Stock, for any day, (i) the last reported sale price regular way on the Nasdaq National Market or, (ii) if the Common Stock is not quoted on the Nasdaq National Market, the last reported sale price regular way per share or, in case no such reported sale takes place on such day, the average of the reported closing bid and asked prices regular way, in either case, on the principal national securities exchange on which the Common Stock is listed or admitted to trading, or (iii) if the Common Stock is not quoted on the Nasdaq National Market or listed or admitted to trading on any national securities exchange, the average of the closing bid prices in the over-the-counter market as furnished by any New York Stock Exchange member firm selected from time to time by the Company for that purpose.

  • Allocable Share means Allocable Share as that term is defined in the Master Settlement Agreement.

  • Pro Rata Fraction means a fraction, the numerator of which shall be equal to the number of days between the Grant Date and the Participant’s Date of Termination and the denominator of which shall be 1095.

  • Per Share Fair Market Value has the meaning set forth in Section 13(C).

  • Adjustment Price means the lowest Underlying Price within the Adjustment Period after the Underlying Price is for the first time equal to or below the Adjustment Threshold.

  • Adjustment Fraction shall have the meaning set forth in Section 11(a)(i) hereof.

  • FMV is the closing price of the Association's common stock on The Nasdaq Stock Market, or on whatever other stock exchange or market such stock is publicly traded, on the date the Executive's employment terminates or, if such day is not a day on which such securities are traded, on the most recent preceding trading day on which a trade occurs, provided however that if the restricted stock is a security other than the Association's common stock, the fair market value of a share of stock of the same class as the stock granted under such plan, determined as of the date of termination of employment shall be utilized; and