Examples of Lower Threshold in a sentence
Alternatively, if LegatumX realizes gross proceeds on the Earnout Period Sales equal to or exceeding Ten Million One Hundred Thousand (USD $10,100,000) Dollars, BII shall receive additional shares of LegatumX’s common stock equal to Ten (10%) percent of the outstanding capital stock LegatumX on a Fully- Diluted Basis (the “Higher Threshold Earnout Shares”, and together with the Lower Threshold Earnout Shares, the “Earnout Shares”).
Notwithstanding Section 6.3(a), with respect to the tax year(s) in which any Buyers Basis Amount is distributed, in the event the Bonus EBITDA is less than $40,000,000 Buyers shall be allocated gross income in an amount (the “Buyers Basis Amount”) equal to the excess of Lower Threshold of Cattle Basis over the Actual Cattle Basis; provided, however, that in no event shall the Buyer Basis Amount exceed $5,000,000.
If the amount of such Company Equity on the Closing Balance Sheet is equal to or less than the Pro forma Equity less $500,000 (such amount is hereinafter referred to as the "Lower Threshold"), then the Final Purchase Price shall equal the Initial Purchase Price minus the amount by which Company Equity is less than the Lower Threshold.
In the event that the RE Capital Raise Additional Contingent Payment Units become due pursuant to Section 3.5(c) but the FFO Lower Threshold had not been met as of the end of the FFO Measurement Period, then the number of the RE Capital Raise Additional Contingent Payment Units that OP would have otherwise been obligated to deliver pursuant to Section 3.5(c) shall be reduced by half (rounded up to the nearest unit).
Until the date the Governance Agreement is terminated in accordance with Section 7.01 thereof, and for the duration of any period in which Sprint's Percentage Interest is greater than the Lower Threshold, the Investor Directors shall have the approval rights set forth in Section 2.06 of the Governance Agreement.