Balance Sheet Deficiency Threshold definition

Balance Sheet Deficiency Threshold shall have the meaning set forth in Section 2(b) of the Research Cost Sharing and Extension Agreement.
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Balance Sheet Deficiency Threshold shall be equal to $[ * ].
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Examples of Balance Sheet Deficiency Threshold in a sentence

  • You shall be entitled to such benefits, if any, as are generally provided by the Company to its senior executive employees including, without limitation, personal leave, sick leave, vacation leave and holiday leave to the extent such leaves are provided to all senior executive employees.

  • If, during the period following the delivery of the Purchase Option Exercise Notice, the working capital held by Symphony Allegro is less than or equal to the Balance Sheet Deficiency Threshold, then Symphony Allegro shall cease payment of any amounts owed to Alexza in respect of its activities pursuant to the Amended and Restated Research and Development Agreement, but shall continue to pay amounts owed to all other Persons.

Related to Balance Sheet Deficiency Threshold

  • Latest Balance Sheet Date has the meaning set forth in Section 3.10.

  • Interim Balance Sheet Date has the meaning set forth in Section 3.06.

  • Class C Deficiency Amount is defined in Section 4.1(c).

  • Balance Sheet Date has the meaning set forth in Section 3.06.

  • Class A Deficiency Amount is defined in Section 4.1(a).

  • Closing Date Balance Sheet shall have the meaning set forth in Section 2.3(a).

  • Class B Deficiency Amount is defined in Section 4.1(b).

  • Estimated Closing Date Balance Sheet shall have the meaning set forth in Section 2.3(a) hereof.

  • Principal Deficiency Amount For any Distribution Date and for any Undercollateralized Group, the excess, if any, of the aggregate Class Certificate Principal Balance of such Undercollateralized Group immediately prior to such Distribution Date over the sum of the Principal Balances of the Mortgage Loans in the related Loan Group immediately prior to such Distribution Date.

  • Significant deficiency means a shortcoming in the system that materially affects the ability of officials of the Department of Defense to rely upon information produced by the system that is needed for management purposes.

  • Company Balance Sheet Date means December 31, 2016.

  • Operating Deficit means, for the applicable period, insufficient funds to pay operating costs when Cash Expenses exceed Cash Receipts, as determined by the Accountant and approved by the Special Limited Partner.

  • Reference Balance Sheet Date is defined in Section 3.5.

  • Final Balance Sheet has the meaning set forth in Section 2.4.

  • Off-Balance Sheet Obligations means liabilities and obligations of the Borrower, any Subsidiary or any other Person in respect of “off-balance sheet arrangements” (as defined in Item 303(a)(4)(ii) of Regulation S-K promulgated under the Securities Act) which the Borrower would be required to disclose in the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” section of the Borrower’s report on Form 10-Q or Form 10-K (or their equivalents) which the Borrower is required to file with the Securities and Exchange Commission (or any Governmental Authority substituted therefor).

  • Off-Balance Sheet Obligation means, with respect to any Person, any Obligation of such Person under a synthetic lease, tax retention operating lease, off-balance sheet loan or similar off-balance sheet financing classified as an operating lease in accordance with GAAP, if such Obligations would give rise to a claim against such Person in a proceeding referred to in Section 6.01(h).

  • Most Recent Balance Sheet Date has the meaning set forth in Section 4.4.

  • SEC Off-Balance Sheet Rules means the Disclosure in Management’s Discussion and Analysis About Off-Balance Sheet Arrangements, Securities Act Release No. 33-8182, 68 Fed. Reg. 5982 (Feb. 5, 2003) (codified at 17 CFR pts. 228, 229 and 249).

  • Parent Balance Sheet Date shall have the meaning assigned to it in Section 5.13 hereof.

  • Current Balance Sheet Date means December 31, 1997.

  • Off-Balance Sheet Arrangement means any transaction, agreement or other contractual arrangement to which an entity unconsolidated with the Borrower is a party, under which the Borrower has:

  • Unaudited Balance Sheet has the meaning set forth in Section 3.4(a)(ii).

  • Audited Balance Sheet means the audited balance sheet of the company prepared for the purposes of the Companies Acts for a financial year unless an audited consolidated balance sheet dealing with the state of affairs of the company and its subsidiary undertakings required to be dealt with in group accounts has been prepared for those purposes for the same financial year, in which case it means that audited consolidated balance sheet, and in that case all references to reserves shall be deemed to be references to consolidated reserves;

  • Advance Deficiency As defined in Section 4.01(b).

  • Off-Balance Sheet Liabilities of any Person shall mean (i) any repurchase obligation or liability of such Person with respect to accounts or notes receivable sold by such Person, (ii) any liability of such Person under any sale and leaseback transactions that do not create a liability on the balance sheet of such Person, (iii) any Synthetic Lease Obligation or (iv) any obligation arising with respect to any other transaction which is the functional equivalent of or takes the place of borrowing but which does not constitute a liability on the balance sheet of such Person.