Asset Based Threshold definition

Asset Based Threshold means an Adjusted Quick Ratio of 1.50 to 1.00. If Borrower’s Adjusted Quick Ratio is less than 1.50 to 1.00, Borrower is “below” the Asset Based Threshold. If Borrower’s Adjusted Quick Ratio is not less than 1.50 to 1.00, Borrower is “at or above” the Asset Based Threshold.”
Sample 1
Asset Based Threshold means, as of the date of determination, the sum of, (a) the aggregate amount of Borrower’s unrestricted and unencumbered (subject only to Liens in favor of Bank) cash and Cash Equivalents in accounts maintained with Bank or its Affiliates and (b) the Availability Amount, is in an amount equal to or greater than Fifty Million Dollars ($50,000,000.00).
Sample 1Sample 2
Asset Based Threshold means Liquidity of $25,000,000. Borrower is above the Asset-Based Threshold if Liquidity is greater than or equal to $25,000,000 and is below the Asset-Based Threshold if Liquidity is less than $25,000,000.
Sample 1

Examples of Asset Based Threshold in a sentence

  • In the event Borrower’s Modified Quick Ratio is less than the Asset Based Threshold, or if an Event of Default has occurred and is continuing, all available amounts in the Lockbox and Collection Account shall be debited by Bank on a daily basis and applied to prepay all outstanding Advances and accrued interest thereon.

  • In addition, at any time Borrower’s Modified Quick Ratio is less than the Asset Based Threshold, Bank shall be entitled to charge Borrower a “float” charge in an amount equal to one (1) Business Days interest, at the interest rate applicable to the Credit Extensions, on all amounts received by Bank from the Lockbox and Collection Account and applied to prepay the then outstanding Advances.

  • So long as Borrower’s Modified Quick Ratio is more than the Asset Based Threshold and no Event of Default has occurred and is continuing, then all available amounts in the Lockbox and Collection Account shall be remitted on a daily basis to the Designated Deposit Account.

  • Amounts transferred pursuant to paragraph (a) or (b) above (i) that are attributable to a deferred income account under the MVG Union Plan shall be held in the Salary Reduction Contribution Account established under the Plan, and (ii) that are attributable to a matching contribution account under the MVG Union Plan shall be held in a subaccount of the Employer Contribution Account established under the Plan, and said subaccount shall be 100% vested upon such transfer.

  • A/R & AP Agings) Weekly, if below Asset Based Threshold*, otherwise Monthly, within 30 days Yes No Company prepared financial statement Monthly, within 30 days Yes No Compliance Certificate Monthly, within 30 days Yes No Audited Financial Statements Annually, within 120 days of FYE Yes No Xxxxx Fargo Bank Statements Monthly, as soon as available Yes No Board approved financial projections etc.


More Definitions of Asset Based Threshold

Asset Based Threshold is, as of any date of determination, 1.60:1.00.
Sample 1
Asset Based Threshold set forth in Section 13.1 of the Loan Agreement is hereby amended and restated to read in its entirety as follows:
Sample 1
Asset Based Threshold is as set forth in the table below when measured on the last day of the fiscal month set forth opposite thereto: Fiscal Month Asset Based Threshold February 2010 1.25:1.00 March 2010 1.25:1.00 April 2010 1.25:1.00 May 2010 1.25:1.00 June 2010 1.35:1.00 July 2010 1.35:1.00 August 2010 1.35:1.00 September 2010 and each fiscal month thereafter Not applicable
Sample 1
Asset Based Threshold means an Adjusted Quick Ratio of 1.40 to 1.00. If Borrower’s Adjusted Quick Ratio is less than or equal to 1.40 to 1.00, Borrower is “at or below” the Asset-Based Threshold. If Borrower’s Adjusted Quick Ratio is more than 1.40 to 1.00, Borrower is “above” the Asset-Based Threshold. “Availability Amount” is (a) the lesser of (i) the Revolving Line or (ii) the amount available under the Borrowing Base minus (b) the Dollar Equivalent amount of the outstanding principal balance of any Advances.
Sample 1

Related to Asset Based Threshold

  • Bid threshold means the dollar amount set in N.J.S.A. 18A:18A-3, above which a Board shall advertise for and receive sealed bids in accordance with procedures set forth in N.J.S.A. 18A:18A-1 et seq.

  • Stated Threshold means total losses under the shared loss agreements in the amount of $4 Billion ($4,000,000,000.00).

  • Threshold means with respect to Party B: infinity.

  • Micro-purchase threshold means the dollar amount at or below which a district may purchase property or services using micro-pur- chase procedures. Generally, the micro-purchase threshold for pro- curement activities administered under federal awards is not to ex- ceed the amount set by the Federal Acquisition Regulations (FAR) at 48 C.F.R. Part 2, Subpart 2.1 [see below], unless a higher threshold is requested by the district and approved by the cogni- zant agency for indirect costs.

  • Minimum Threshold means the average daily yield on the 10 Year Treasury Note (as reported in the Bloomberg GT10 index) over the Award Period.

  • Ownership Threshold has the meaning specified in Section 2.1(a).

  • Threshold Percentage means 15%.

  • Indemnity Threshold has the meaning set forth in Section 9.3.

  • VWAP Minimum Price Threshold means, with respect to any particular VWAP Purchase Notice, the Sale Price on the VWAP Purchase Date equal to the greater of (i) 80% of the Closing Sale Price on the Business Day immediately preceding the VWAP Purchase Date or (ii) such higher price as set forth by the Company in the VWAP Purchase Notice.

  • S&P Required Ratings Threshold means, with respect to Party A, the guarantor under an Eligible Guarantee or an Eligible Replacement, a long-term unsecured and unsubordinated debt rating from S&P of “BBB+”.

  • Total risk-based capital ratio means the Total Risk-Based Capital Ratio determined in accordance with the rules and regulations of the appropriate Regulatory Authority as from time to time in effect, and any successor or other regulation or official interpretation of said Regulatory Authority relating thereto.

  • S&P Approved Ratings Threshold means, with respect to Party A, the guarantor under an Eligible Guarantee or an Eligible Replacement, a short-term unsecured and unsubordinated debt rating from S&P of “A-1”, or, if such entity does not have a short-term unsecured and unsubordinated debt rating from S&P, a long-term unsecured and unsubordinated debt rating or counterparty rating from S&P of “A+”.

  • Additional Accelerated Purchase Minimum Price Threshold means, with respect to an Additional Accelerated Purchase made pursuant to Section 2(c) hereof, any minimum per share price threshold set forth in the applicable Additional Accelerated Purchase Notice.

  • Restoration Threshold means an amount equal to 5% of the outstanding principal amount of the Loan.

  • Hurdle Amount for any period during a calendar year means that amount that results in a 5% annualized internal rate of return on the Net Asset Value of the Partnership Units outstanding at the beginning of the then-current calendar year and all Partnership Units issued since the beginning of the then-current calendar year, taking into account the timing and amount of all distributions accrued or paid (without duplication) on all such Partnership Units and all issuances of Partnership Units over the period and calculated in accordance with recognized industry practices. The ending Net Asset Value of the Partnership Units used in calculating the internal rate of return will be calculated before giving effect to any allocation or accrual to the Performance Participation Interest and any applicable stockholder servicing fee expenses, provided that the calculation of the Hurdle Amount for any period will exclude any Partnership Units repurchased during such period, which Partnership Units will be subject to the Performance Participation Interest upon such repurchase as described in Section 5.2(c).

  • emission limit value means the mass, expressed in terms of certain specific parameters, concentration and/or level of an emission, which may not be exceeded during one or more periods of time;

  • Alteration Threshold means an amount equal to 5% of the outstanding principal amount of the Loan.

  • Simplified acquisition threshold means the dollar amount below which a district may purchase property or services using small pur- chase methods. Districts adopt small purchase procedures in order to expedite the purchase of items at or below the simplified acquisi- tion threshold. The simplified acquisition threshold for procurement activities administered under federal awards is set by the FAR at 48 C.F.R. Part 2, Subpart 2.1 [see below]. The district is responsi- ble for determining an appropriate simplified acquisition threshold based on internal controls, an evaluation of risk, and its docu- mented procurement procedures. However, in no circumstances can this threshold exceed the dollar value established in the FAR

  • Accelerated Purchase Minimum Price Threshold means, with respect to any Accelerated Purchase made pursuant to Section 2(b) hereof, any minimum per share price threshold set forth in the applicable Accelerated Purchase Notice.

  • Required Ratings Threshold means each of the S&P Required Ratings Threshold and the Moody’s Second Trigger Ratings Threshold.

  • stipulated minimum threshold means that portion of local production and content as determined by the Department of Trade and Industry; and

  • Required Reserve Factor Floor means, for any Calculation Period, the sum (expressed as a percentage) of (a) 12.5% plus (b) the product of the Adjusted Dilution Ratio and the Dilution Horizon Ratio, in each case, as of the most recent Cut-Off Date.