First Component definition

First Component means the portion of the Fee payable to a Director that accounts for at least one-half of the Fee and that is payable in Shares and may be deferred by crediting Units to a Unit Account maintained for the Director.
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First Component has the meaning specified in Section 10.2(i).
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First Component means $251,570 per month. "Force Majeure" means circumstances beyond the control of the party concerned and resulting in or causing a failure or substantial interference in the operation of the Hercules Facility or the Nitrocellulose Facility, as the case may be, which circumstances cannot be overcome by the exercise of due diligence by the party concerned. Subject to the foregoing, such circumstances may include riots, wars (declared or undeclared), insurrections, sabotage, rebellions, terrorist acts, civil disturbances, acts of God, explosions, fires, major equipment failures beyond the control of the party affected, and interruptions beyond the control of the party affected of fuel supply, power, water, utilities, wastewater disposal, feedstock, or product distribution; provided, however, that (a) any lack of money, (b) changes in market conditions, or (c) strikes, lockouts or other labor difficulties involving personnel of Hercules (or its Affiliates or successors or assigns) or the Green Tree (or its Affiliates or successors or assigns) shall not constitute Force Majeure. "Hercules Stipulation" means the motion to intervene in the Restructuring and Stipulation of Settlement filed or to be filed by Hercules with the NJBPU in the Matter of the Application of Jersey Central Power & Light Company for the Approval of an Amendment and Restatement of the Power Purchase Agreement Currently Existing Between It and North Jersey Energy Associates, A Limited Partnership, NJBPU Docket No. EM03060438, pursuant to which Hercules agrees to the terms and conditions of this Termination Agreement. "Hercules Waiver and Release" has the meaning set forth in Section 4.2. "Incentive Payments" means the Initial Payment, the Monthly Employment Incentive Payments and the Final Payment. "Initial Payment" has the meaning set forth in Section 2.2(a)(i). "Monthly Certificate" has the meaning set forth in Section 3.3. "Monthly Employment Incentive Payment" has the meaning set forth in Section 2.2(a)(ii). "NJEA Waiver and Release" has the meaning set forth in Section 4.1. "Pro Rata Factor" has the meaning set forth in Section 3.2(b). "PSEG" means Public Service Electric and Gas Company, a New Jersey corporation, and its successors and assigns. "PSEG Amendment" means that Amendment to Gas Purchase and Sales Agreement between PSE&G and NJEA dated as of August 20, 2003, amending that Gas Purchase and Sales Agreement dated as of May 4, 1989. "Required Levels" has the meaning set forth i...
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Examples of First Component in a sentence

  • Within thirty (30) days of the Notice to Proceed for the First Component of the Project, the CM shall complete the labor/materials marketplace survey and provide the Owner’s Representatives with a written evaluation of the extent of available and suitable labor/materials and whether the CM anticipates that the extent of available and suitable labor/materials will impact the costs/time for completion of Project construction.

  • The CM shall submit its written recommended bidding/construction strategy to the Owner’s Representatives for their acceptance within thirty (30) days of the date of the Notice to Proceed for the First Component of the Project (“the Preliminary Bidding/Construction Strategy”).

  • No later than sixty (60) days of the Notice to Proceed for the First Component of the Project, the Bid Packages developed by the CM shall be submitted to the Owner’s Representatives for review and acceptance by the Owner.

  • The CM’s fee for the First Component shall be paid to the CM via monthly payments based on the fixed fee divided by the duration of services.

  • In addition, the First Component work shall include any activities necessary for coordination with the environmental/site mitigation work described in Article 4.8. The First Component work may commence immediately upon execution of this Agreement and the Owner’s issuance of the first written Notice to Proceed.

  • The prequalification process shall commence within thirty (30) days of Owner’s issuance of the Notice to Proceed on the First Component.

  • The CM shall submit written Constructability Review comments to the Owner's Representatives within thirty (30) days of the Notice to Proceed and throughout the different phases of design and milestones for the First Component of the Project Owner shall have the sole and exclusive discretion to accept some, all or none of the CM’s Constructability Review Comments.

  • The CM shall assist in the review and closeout of all environmental mitigation work completed as part of the First Component.

  • The CM shall submit the Value Engineering Recommendations to the Owner’s Representatives within thirty (30) days of the Notice to Proceed for the First Component of the Project.

  • The CM shall be entitled to a fixed, not to exceed fee of $393,093 for the First Component and Pre-Construction Services of the Basic Services.


More Definitions of First Component

First Component means the portion of the Fee payable to a Director that accounts for at least one-half of the Fee and that is
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First Component is an amount that initially is $0 and that increases through and including the Closing Date as follows: (a) from the date of this Agreement through and including November 30, 1999, the First Component will not increase; (b) from and including December 1, 1999 and through and including December 31, 1999, the First Component will increase on a daily basis at the rate of $1,452,000 per annum; (c) from and including January 1, 2000 and through and including March 31, 2000, the First Component will increase on a daily basis at the rate of $4,840,000 per annum; and (d) on and after April 1, 2000, the First Component will increase on a daily basis at the rate of $12,100,000 per annum. The "Second Component" will be equal to $685,667. Notwithstanding the foregoing, if the LMA Commencement Date does not occur prior to the Closing, then the Accretion Amount will be $0.
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Related to First Component

  • Interest Component means, at any time of determination for any Conduit Investor, the aggregate Yield accrued and to accrue through the end of the current Rate Period for the Portion of Investment accruing Yield calculated by reference to the CP Rate at such time (determined for such purpose using the CP Rate most recently determined by its Administrator).

  • Principal Component The principal payment plus any interest payments that are either due after the date specified in, or are specified as ineligible for stripping in, the applicable Supplemental Agreement.

  • Class C Component The Component having such designation.

  • Component means an article, material, or supply incorporated directly into an end product.

  • Original component manufacturer means an organization that designs and/or engineers a part and is entitled to any intellectual property rights to that part.