Litigation Threshold definition

Litigation Threshold shall have the meaning specified in the Pricing Letter.
Litigation Threshold means [***] of the Seller’s Adjusted Tangible Net Worth.
Litigation Threshold means $1,000,000.

Examples of Litigation Threshold in a sentence

  • Except as disclosed in writing to Purchaser, there are no judgments for an aggregate amount greater than the Litigation Threshold against any Seller Party unsatisfied of record or docketed in any court located in the United States of America.

  • Any final non-appealable judgment by any competent court in the United States of America for the payment of money is rendered against any Seller Party 58 in an amount at least equal to the applicable Litigation Threshold, and such judgment remains undischarged or unpaid for a period of forty-five (45) days, during which period execution of such judgment is not effectively stayed by bonding over or other means reasonably acceptable to Purchaser.

  • Guarantor is not in default with respect to any judgment, order, writ, injunction, decree, rule or regulation of any arbitrator or Governmental Authority which default, in the aggregate (x) is with respect to any amount at least equal to the applicable Litigation Threshold or (y) could be reasonably likely to have a Material Adverse Effect.

  • Except as otherwise disclosed in writing to Purchaser, there are no judgments against Guarantor unsatisfied of record or docketed in any court located in the United States of America which, in the aggregate (x) require the payment of money in an amount at least equal to the applicable Litigation Threshold or (y) could be reasonably likely to have a Material Adverse Effect.


More Definitions of Litigation Threshold

Litigation Threshold means $5,000,000.
Litigation Threshold means $[***].
Litigation Threshold means an amount equal to $500,000.
Litigation Threshold has the meaning set forth in Schedule II.
Litigation Threshold shall have the meaning specified in the Fee Letter or, with respect to Originator, $10,000,000.
Litigation Threshold shall have the meaning specified in the Schedule of Facility Information.
Litigation Threshold means $200,000.