Default Threshold definition

Default Threshold shall have the meaning specified in the Fee Letter.

Default Threshold has the meaning set forth in the Purchase and Sale Agreement.

Default Threshold shall have the meaning specified in the Fee Letter or, with respect to Originator, $10,000,000.

Examples of Default Threshold in a sentence

• The Borrower (i) fails to pay an Amortization Payment (as defined in this Note) when due as provided in Section 4.16 of this Note, and (ii) number of shares of Common Stock remaining under the Exchange Cap as allocated to the Buyer is less than the Amortization Default Threshold (as defined in this Note) as calculated on the date of the respective Amortization Payment.

• So long as Tenant is not then in an Event of Default hereunder in excess of the Default Threshold, Tenant shall have the right to notify Landlord of Tenant’s desire to lease specified vacant space in the Building at any time.

• Subject to the Prior Rights and to the GW Rights, and so long as Tenant is not then in an Event of Default hereunder in excess of the Default Threshold, Landlord grants to Tenant the on-going right (the “First Refusal Right”) to lease the First Refusal Space, as hereinafter defined, at any time during the Term, on and subject to the following terms and conditions.

• If, pursuant to this Section 4.9, the Contracted Storage Capacity is changed to a level below the Storage Capacity Default Threshold, such occurrence shall be an Event of Default pursuant to Section 11.1(b)(viii).

• Guarantor shall promptly, and in any event within three (3) Business Days after obtaining Knowledge thereof, notify Purchaser of any default or event of default (or similar event) on the part of Guarantor under any Indebtedness or other material contractual obligations of Guarantor in an amount that is, in the aggregate, greater than the Default Threshold.

More Definitions of Default Threshold

Default Threshold means the amount specified as such in the Special Provisions in respect of a party or, in the absence of such specification, 1 per cent, of such party's equity (meaning the sum of its capital, capital funds, reserve fund, indivisible fund and other profit funds, economic results of previous years and economic results of the current accounting year, determined in accordance with generally accepted accounting principles applicable to that party, as reported in its most recent published audited financial statements);

Default Threshold. Defined in the Fee Letter, which definition is incorporated herein by reference.

Default Threshold has the meaning specified in Section 5.1.

Default Threshold means $10,000,000 (or its equivalent in the relevant currency of payment).

Default Threshold means (a) in the case of amounts of enforceable judgements or decrees for the payment of money entered against the Borrower, any Originator, the Initial Servicer or any Performance Guarantor, $250,000,000 or, solely with respect to the Borrower, $50,000 (net of (x) amounts covered by insurance policies issued by reputable insurance companies as determined by the Borrower and (y) amounts covered by valid third party indemnification obligations from a third party that is solvent and has been notified of the claim under such indemnification obligation and has not disputed that it is liable for such claim) and (b) in the case of payments in respect of indebtedness for borrowed money which Diamond Sports Group, LLC or any of its consolidated subsidiaries shall fail to pay, any "Material Indebtedness" (as defined in the Credit Agreement as of the date hereof, without giving effect to any amendment, supplement or other modification thereto or any termination thereof) or “Loan Document Obligations” (as defined in the Credit Agreement) constituting indebtedness for borrowed money in an aggregate principal amount exceeding $250,000,000.

Default Threshold means USD5,000,000. Eligible Investments means (a) Cash, (b) deposit accounts issued or offered by, any domestic office of any commercial bank organized under the laws of the United States of America or any State thereof which has a combined capital and surplus and undivided profits of not less than USD1,000,000,000, and (c) money market funds that have, at all times, credit ratings of “Aaa” and “MR1+” by Moody’s Investor’s Service, Inc. and “AAAm” or “AAAm-G” by Standard & Poor’s, respectively. Eligible Investments may include investments described in clause (b) or (c) above made with or issued by the Custodian or for which the Custodian or an Affiliate thereof provides services and receives compensation.

Default Threshold means for any Determination Date: (i) 2.00% on or prior to the Determination Date in October 2005, (ii) 2.25% on or prior to the Determination Date in October 2006 and (iii) 2.75% after October 2006.