And that's what we mean by this equation here. Now, not only that, but what that also means is the rate of activity, the velocity of that enzyme will be exactly half of the maximum. And that makes sense because if half the enzymes have activides which are occupied, that means the rate will be exactly half of its maximum. So this is the first and perhaps the more important meaning of the Michael's constant value. Now, what about the second meaning of the Michael's constant? Well, this is where we have to actually recall some information that we discussed when we derived the Michaelis Methan equation.