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;
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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 Xxxxxx.
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Examples of Financial Threshold in a sentence

  • 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.

  • 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.

  • 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.

  • The IP Committee will recommend Plan Participants; Plan Performance Measures; Performance Measure Weights; Achievement Levels and corresponding Award Opportunities; and the Financial Threshold (each as defined herein) to the Compensation Committee of the Board of Directors for their approval as early in the Plan Year as possible.

  • Landlord shall have the right, from time to time, to require Financial Statements from Tenant as provided in Article 17 to verify whether Tenant satisfies or continues to satisfy the Financial Threshold and Tenant shall promptly notify Landlord if at any time after Tenant delivers a Reduction Notice, Tenant fails to meet the Financial Threshold.

  • Variable Compensation plan design by level All Financial Performance based on Company-wide and Business/Division EBITDA and Operating Free Cash Flow Limited number of Quarterly Key Performance Indicators (3-5) will be used as modifiers to the overall performance for Management employees after Financial Threshold is met.

  • 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.

  • If for any calendar year ending during the vesting period, a Line of Business in which you are employed on the grant date or during the vesting period does not meet its Line of Business Financial Threshold, then up to 50% of the restricted stock units outstanding under this award and scheduled to vest on January 13, 2015 may be cancelled, if the Review Committee determines that cancellation is appropriate in light of the facts and circumstances that led to the financial results.

  • 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.


More Definitions of Financial Threshold

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

  • Minimum Takedown Threshold shall have the meaning given in Section 2.1.4.

  • Threshold means with respect to Party B: infinity.

  • Simplified acquisition threshold means the dollar amount below which a district may purchase property or services using small purchase methods. Districts adopt small purchase procedures in order to expedite the purchase of items at or below the simplified acquisition 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 responsible for determining an appropriate simplified acquisition threshold based on internal controls, an evaluation of risk, and its documented procurement procedures. However, in no circumstances can this threshold exceed the dollar value established in the FAR (48 C.F.R. Part 2, Subpart 2.1) for the simplified acquisition threshold. Recipients should determine if local government laws on purchasing apply. 2 C.F.R. 200.1, .320(a)(2)(ii)

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

  • de minimis amount means no more than 5 percent of the total power flows in both directions, calculated in accordance with the “5 percent test” set forth in IRS Notice 88-129. This is not intended to be an exclusive list of the relevant conditions that must be met to conform to IRS requirements for non-taxable treatment. At Connecting Transmission Owner’s request, Developer shall provide Connecting Transmission Owner with a report from an independent engineer confirming its representation in clause (iii), above. Connecting Transmission Owner represents and covenants that the cost of the Connecting Transmission Owner’s Attachment Facilities paid for by Developer will have no net effect on the base upon which rates are determined.

  • 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 Allocation 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 Allocation upon such repurchase as described in Section 5.2(c).

  • Net Working Capital Target means $0.00.

  • Threshold Percentage means 15%.

  • 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.

  • Minimum Percentage means 3% of the number of outstanding shares of common stock of the Corporation as provided in the most recent 1934 Act filing made by the Corporation with the SEC immediately prior to the submission of the Nomination Notice.

  • Micro-purchase threshold means the dollar amount at or below which a district may purchase property or services using micro-purchase procedures. Generally, the micro-purchase threshold for procurement activities administered under federal awards is not to exceed 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 cognizant agency for indirect costs.

  • Working Capital Target has the meaning set forth in Section 1.7(a).