Qualifying Change definition

Qualifying Change means one of the following changes to real property that occurs on or after January 1 of the previous taxable year and before January 1 of the current taxable year:

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Qualifying Change means a Change which:

Qualifying Change means a Change which: (a) following a Run of the Financial Model (where Schedule 9.1 (Financial and Other Consequences of Change) applies) in accordance with Schedule 9 (Changes and Variations) results in adjustments in Franchise Payments over the remaining life of this Franchise Agreement that have a net present value as at the date of the Change in excess of the Threshold Amount for the Franchisee Year during which the relevant Change arises. For the purposes of ascertaining a net present value of the amount of any adjustment in any Franchise Payment, the amount of the adjustment shall be discounted at the prevailing discount rate per annum (in real terms) stated in HM Treasury's “Green Book Appraisal Guidelines”, counting back from the date of receipt of that adjusted Franchise Payment to the date of the Change. As at the date of this Franchise Agreement that rate is three point five per cent (3.5%); or (b) this Franchise Agreement expressly provides shall be a Qualifying Change;

Examples of Qualifying Change in a sentence

In the absence of such a Qualifying Change in Control, the distribution shall not be made until the date on which the shares of Common Stock to which those amounts pertain would have become issuable in accordance with Participant’s deferral election under Paragraph 7 of this Agreement.
In the absence of such a Qualifying Change in Control, the distribution shall not be made until the date on which the shares of Common Stock to which those amounts pertain would have become issuable in accordance with the provisions of Paragraph 6(a) of this Agreement.
Such consideration per Share shall be distributed to Participant on the earlier of (A) the date the Share would have otherwise been issued pursuant to the provisions of Paragraph 3(b)(ii) in the absence of such Change in Control or (B) the first date following a Qualifying Change in Control transaction on which the distribution can be made without contravention of any applicable provisions of Code Section 409A.
The provisions of Section 12.2 (Compensation Events) shall apply in respect of any Qualifying Change in Law.
Upon the occurrence of a Qualifying Change of Control in which the Successor Entity fails to Assume and Maintain this Award of RSUs, all of your unvested RSUs shall immediately vest as of the effective date of the Qualifying Change of Control, provided that the circumstances giving rise to such Qualifying Change of Control meet the definition of a “change in control event” under Code Section 409A.

More Definitions of Qualifying Change

Qualifying Change means a Change which: (a) following a Run of the Financial Model in accordance with Schedule 9 (Changes and Variations) results in adjustments in Franchise Payments over the remaining life of the Franchise Agreement that have a net present value as at the date of the Change in excess of the Threshold Amount for the Franchisee Year during which the relevant Change arises. For the purposes of ascertaining a net present value of the amount of any adjustment in any Franchise Payment, the amount of the adjustment shall be discounted at the prevailing discount rate per annum (in real terms) stated in HM Treasury’s “Green Book Appraisal Guidelines”, counting back from the date of receipt of that adjusted Franchise Payment to the date of the Change. As at the date of the Franchise Agreement that rate is 3.5 per cent; or (b) the Franchise Agreement expressly provides shall be a Qualifying Change;

Qualifying Change means a Change which: (a) following a Run of the Financial Model (where Schedule 9.1 (Financial and Other Consequences of Change) applies) in accordance with Schedule 9 (Changes) results in adjustments in Franchise Payments over the remaining life of the Franchise Agreement that have a net present value as at the date of the Change in excess of the Threshold Amount for the Franchisee Year during which the relevant Change arises. For the purposes of ascertaining a net present value of the amount of any adjustment in any Franchise Payment, the amount of the adjustment shall be discounted at the prevailing discount rate per annum (in real terms) stated in HM Treasury’s “Green Book Appraisal Guidelines”, counting back from the date of receipt of that adjusted Franchise Payment to the date of the Change. As at the date of the Franchise Agreement that rate is 3.5%; or (b) the Franchise Agreement expressly provides shall be a Qualifying Change;

Qualifying Change means (unless expressly stated otherwise): a Low Value Change in respect of which the parties have agreed the method of implementation; or a Medium Value Change in respect of which the Authority has issued a confirmation notice pursuant to paragraph 266.1.1 of Section 3 (Medium Value Changes) of Schedule Part 16 (Change Protocol); or a High Value Change which has received Stage 2 Approval pursuant to paragraph 280.2.1 of Section 4 (High Value Changes) of Schedule Part 16 (Change Protocol), in each case provided that any necessary changes required to be made to any Project Document and/or Ancillary Document pursuant to Schedule Part 16 (Change Protocol) have been given effect to and become unconditional;

Qualifying Change means a Change which would (if it were subject to a Run of the Financial Model in accordance with Schedule 9 (Changes)) result in adjustments in Franchise Payments over the remaining life of the Franchise Agreement that have net present value as at the date of the Change in excess of the Threshold Amount, and for the purposes of ascertaining a net present value of the amount of any adjustment in any Franchise Payment, it shall be discounted at the prevailing discount rate per annum (in real terms) stated in HM Treasury's "Green Book Appraisal Guidelines" (which discount rate is 3.5 per cent, per annum (in real terms) at the date of the Franchise Agreement) from the date of receipt of that adjusted Franchise Payment to the date of the Change;

Qualifying Change means a Change in respect of which a Change Notice has been served:

Qualifying Change means an organizational change that impacts the enforcability of any agreement as it relates to the public deposits program in which the Chief Financial Officer is a party.

Qualifying Change in Law or QCiL means a change in law consistent with the principles set out in item 7.1. [This definition is still under development but is likely to follow the form set out in the CCUS Programme Contracts. See item 7.1

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