Deposit Threshold definition

Deposit Threshold means the greater of (x) the Initial Deposit Threshold (as defined below) less the aggregate amount actually expended by Borrower for Leasing Commissions/Inducements and Legal Costs in connection with re-leasing the area of the Improvements, constituting approximately 142,000 square feet in the aggregate, currently covered by leases to Digital Equipment Corporation and ▇▇▇▇▇ ▇▇▇▇▇▇ Inc. (the "Digital/▇▇▇▇▇ ▇▇▇▇▇▇ Space") or (y) $2,000,000. The "Initial Deposit Threshold" shall be $6,000,000, subject to reduction as provided below. The Initial Deposit Threshold is the amount presently estimated to be required for the re-leasing of the Digital/▇▇▇▇▇ ▇▇▇▇▇▇ Space (exclusive of Legal Costs). In the event that portions of the Digital/ ▇▇▇▇▇ ▇▇▇▇▇▇ Space are released with the expenditure of less than a full allocable share of the $6,000,000 estimated, then, subject to Administrative Agent's reasonable approval, the Initial Deposit Threshold shall be reduced correspondingly. If, as a result of any such reduction in the Initial Deposit Threshold, the Deposit Threshold shall be reduced and the amount on deposit in the Account shall exceed the Deposit Threshold plus the amount of any sums then on deposit in the Account which were deposited in the Account pursuant to Section 2.14, Borrower shall be entitled to the release to it of such excess from the Account. To the extent that, as a result of disbursement of Legal Costs from the Account, Administrative Agent reasonably determines that the costs for which the Account was established will exceed the amount in the Account, the Deposit Threshold shall be increased by the amount of such excess.
View Source
Deposit Threshold is at any time, an amount equal to the obligations outstanding under the Term Loan multiplied by 1.25.
View Source

Examples of Deposit Threshold in a sentence

  • You will be charged a $1.00 fee for each deposit you make in excess of the Deposit Threshold in any statement cycle.

  • As of Jun 1, 2023, if gaming deposits, including non-Play+ and non-PPA, fall below $35 million in average daily deposits over a 30-day period, the Deposit Threshold Fee Schedule will apply until average daily deposits achieve $35 milion for a 30-day period.

  • To the extent that, as a result of disbursement of Legal Costs from the Account, Administrative Agent reasonably determines that the costs for which the Account was established will exceed the amount in the Account, the Deposit Threshold shall be increased by the amount of such excess.

  • At all times after the balance in the SVB Accounts falls below the Deposit Threshold, and until such balance increases to or above the Deposit Threshold, the Obligations shall accrue interest at the rate effective immediately before the balance in the SVB Accounts fell below the Deposit Threshold plus the Interest Premium.

  • The Initial Deposit Threshold is the amount presently estimated to be required for the re-leasing of the Digital/▇▇▇▇▇ ▇▇▇▇▇▇ Space (exclusive of Legal Costs).

  • Except as may be otherwise required by the Recognized Mortgagee, if Net Insurance Proceeds are less than the Required Deposit Threshold, then such Net Insurance Proceeds shall be paid to Tenant and applied as provided herein.

  • The "Initial Deposit Threshold" shall be $6,000,000, subject to reduction as provided below.

  • In the event that portions of the Digital/ ▇▇▇▇▇ ▇▇▇▇▇▇ Space are released with the expenditure of less than a full allocable share of the $6,000,000 estimated, then, subject to Administrative Agent's reasonable approval, the Initial Deposit Threshold shall be reduced correspondingly.

  • If, at any time following the Deposit Threshold Date, the amount on deposit in the Account exceeds the Deposit Threshold plus the amount of any sums then on deposit in the Account which were deposited in the Account pursuant to Section 2.14, Borrower shall be entitled to the release of such excess to it from the Account (and amounts deposited in the Account pursuant to Section 2.14 may be released from the Account in accordance with standards of, and applied in accordance with, Section 2.14).

  • If, as a result of any such reduction in the Initial Deposit Threshold, the Deposit Threshold shall be reduced and the amount on deposit in the Account shall exceed the Deposit Threshold plus the amount of any sums then on deposit in the Account which were deposited in the Account pursuant to Section 2.14, Borrower shall be entitled to the release to it of such excess from the Account.

Related to Deposit 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.

  • Restoration Threshold means, with respect to each Individual Property, an amount equal to 5% of the outstanding principal amount of the Allocated Loan Amount attributable to such Individual Property.

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

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

  • Required Daily Deposit Target Finance Charge Amount means, for any day in a Due Period, an amount equal to the Class A Tranche Interest Allocation for the related Distribution Date; provided, however, that for purposes of determining the Required Daily Deposit Target Finance Charge Amount on any day on which the Class A Tranche Interest Allocation cannot be determined because the LIBOR Determination Date for the applicable Interest Accrual Period has not yet occurred, the Required Daily Deposit Target Finance Charge Amount shall be the Class A Tranche Interest Allocation determined based on a pro forma calculation made on the assumption that LIBOR will be LIBOR for the applicable period determined on the first day of such calendar month, multiplied by 1.25.