Financial Threshold definition

Financial Threshold means either the Initial Financial Threshold or, if the Initial Financial Threshold has been adjusted by the Auditor in accordance with Section 2.10.145, the most recent Adjusted Financial Threshold for a particular election and City Office.

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Financial Threshold has the meaning given to it in clause 4.1.1;

Financial Threshold means the amount in pounds sterling as notified in writing to the Company or Holding Company from time to time by the Controlling Shareholder Representative or as agreed in the Business Plan;

Examples of Financial Threshold in a sentence

• All Financial Threshold Requirements included in the Tender Forms shall be in NIS only.

• The remaining fifty percent (50%) of any accrued Forbearance Amounts shall be payable to Landlord within five (5) business days after receipt of written notice from Landlord that Tenant’s Financial Threshold has again been met at any time during the Lease Term and which is at least nine (9) months after the occurrence of the first Payment Event (the “Final Payment Date”), whether or not the Final Payment Date occurs before or after the Expiration Date.

• Within five (5) business days after receipt of written notice from Landlord that Tenant’s Financial Threshold has been met (a “Payment Event”), fifty percent (50%) of all accrued Forbearance Amounts shall be remitted to Landlord by Tenant.

• Such notice shall include a statement and evidence as to whether the financial condition of the Intended Transferee meets the Financial Threshold (defined below).

• Provided that, as of the Extended Term Commencement Date, Tenant is not in default under the Lease (beyond any applicable notice and cure periods), (a) Tenant shall not be obligated to provide a letter of credit to Landlord (pursuant to the terms of Article 21 of the Original Lease) for so long as Tenant satisfies the "Extended Term Financial Threshold" as defined below, and (b) Landlord shall return Tenant's Existing L-C to Tenant within five (5) business days after the Extended Term Commencement Date.

• On each anniversary of a Reinstatement Event, provided that Tenant has (a) not in the previous twelve (12) month period been in monetary default under the Lease, as amended hereby, or failed to cure a non-monetary default within the applicable cure period under the Lease, as amended hereby, and (b) satisfied the Extended Term Financial Threshold for the previous three (3) consecutive quarters, the New Letter of Credit shall be subject to annual reductions of $225,000 each.

• Except as otherwise provided in this Agreement or mutually agreed in writing by the Parties, neither Party shall be required to perform any activities or incur any costs, fees or expenses under any Research Plan in excess of the relevant Research Budget or for longer than the Research Plan Term.

• For the avoidance of doubt, should Sponsor obtain an aggregate amount of $6 million in Financing and thus attain the aforementioned Financial Threshold Amount, it shall have no further responsibility as to the Excise Tax Liability, including contributing to any payment under the Payment Plan.

• For purposes hereof, the term “Reduction Notice” shall mean a written notice from Tenant given after June 15, 2006 or June 15, 2007, as applicable, of Tenant’s desire to reduce the L-C Amount as provided in this Article 21 accompanied by a current Financial Statement demonstrating that Tenant satisfies the Financial Threshold.

• In connection with the foregoing, Landlord shall have the right, on a quarterly basis during the Extended Term, to require Tenant to deliver financial statements to Landlord in accordance with the terms of Article 17 of the Original Lease for purposes of allowing Landlord to determine whether Tenant satisfies or continues to satisfy the Extended Term Financial Threshold.

More Definitions of Financial Threshold

Financial Threshold means, as to any Intended Transferee, either (a) a credit rating of BBB or better by Standard & Poor’s Corporation (“S&P”) (and such Intended Assignee is not on S&P’s credit watch with negative implications, nor has S&P publicly announced that it is reviewing such Intended Assignee for a downgrading of such Intended Assignee’s credit rating), or (b) if the Intended Transferee is not assigned a credit rating by S&P, Lender determines that such Intended Assignee has financial qualifications comparable to entities rated at least BBB by S&P, such determination to be made by Lender in its reasonable discretion and not to be unreasonably delayed by Lender.

Financial Threshold means the threshold of £10 million (ten million pounds) for Regulated Commitments referred to in paragraph 4.7 below;

Financial Threshold means that Tenant has (i) cash or cash equivalents and marketable securities (including short and long term debt investments) of $50,000,000 (including debt and equity securities); (ii) a net worth (as total consolidated assets less total consolidated liabilities) of $100,000,000; and (iii) an annual (trailing twelve months) operating cash flow of $12,000,000.