Lowest Threshold Percentage definition

Lowest Threshold Percentage means the percentage by which the Performance Threshold was not achieved. By way of example, if the Company’s Net Income reported on the 2010 Financial Statements is an amount equal to 90% of the 2010 Performance Threshold, the Lowest Threshold Percentage would be 10% (100%-90%).
Sample 1
Lowest Threshold Percentage means the percentage by which the lowest of the Performance Thresholds was not achieved. By way of example, if the Company’s Fully Diluted Earnings Per Share is an amount equal to 60% of the Performance Thresholds and the Company’s Net Income reported on is an amount equal to 70% of the Performance Thresholds, the Lowest Threshold Percentage would be 40% (100%-60%). The Escrow Agent would disburse 80% of the Escrow Shares to the Purchasers (40*2).
Sample 1
Lowest Threshold Percentage means the percentage by which the lowest of the applicable Performance Thresholds was not achieved. By way of example, if the Company’s Earnings Per Share for 2008 is an amount equal to 60% of the 2008 Performance Thresholds and the Company’s Net Income reported on the 2008 Financial Statements is an amount equal to 70% of the 2008 Performance Thresholds, the Lowest Threshold Percentage would be 40% (100%-60%). Within five (5) business days of the Purchaser Representative’s receipt of the 2008 Financial Statements pursuant to Section 1.7 hereof, the Purchaser Representative shall provide sole written instructions to the Escrow Agent instructing the Escrow Agent to issue and deliver the Escrow Shares to the Purchasers in accordance with the calculation above. Any Escrow Shares remaining after disbursement to the Purchasers in accordance with the calculation above shall be returned to the Escrow Account. Within five (5) business days after the release of the Escrow Shares to the Purchasers, the Principal Stockholder shall deposit into the Escrow Account stock certificates equal to the number of shares of Common Stock necessary to maintain one hundred percent (100%) of the shares of Common Stock underlying the Preferred Shares initially issuable under the Purchase Agreement in the Escrow Account.
Sample 1

Examples of Lowest Threshold Percentage in a sentence

  • By way of example, if the Company’s Fully Diluted Earnings Per Share is an amount equal to 60% of the Performance Thresholds and the Company’s Net Income reported on is an amount equal to 70% of the Performance Thresholds, the Lowest Threshold Percentage would be 40% (100%-60%).

  • By way of example, if the Company’s Net Income reported on the 2011 Financial Statements is an amount equal to 70% of the 2011 Performance Threshold, the Lowest Threshold Percentage would be 30% (100%-70%).

  • Y = the Lowest Threshold Percentage Z = number of Ordinary Shares sold pursuant to this Agreement (4,273,504) For purposes hereof, the “Lowest Threshold Percentage” means the percentage by which the Performance Threshold was not achieved.


More Definitions of Lowest Threshold Percentage

Lowest Threshold Percentage means the percentage by which the Performance Threshold was not achieved. By way of example, if the Company’s Net Income reported on the 2010 Financial Statements is an amount equal to 70% of the 2010 Performance Threshold, the Lowest Threshold Percentage would be 30% (100%-70%). Within five (5) business days of Maxim Group, LLC’s, the Company’s Placement Agent (the “Placement Agent”) receipt of the 2010 Financial Statements pursuant to Section 1.6 hereof, the the Placement Agent, in consultation with the Purchasers, shall provide written instructions to the Escrow Agent instructing the Escrow Agent to issue and deliver the Escrow Shares to the Purchasers in accordance with the calculation above. Any 2010 Escrow Shares remaining after disbursement to the Purchasers in accordance with the calculation above shall be returned to the Principal Stockholder.
Sample 1
Lowest Threshold Percentage means the percentage by which the Performance Threshold was not achieved. By way of example, if the Company’s Net Income reported on the 2010 Financial Statements is an amount equal to 70% of the 2010 Performance Threshold, the Lowest Threshold Percentage would be 30% (100%-70%). Within five (5) business days of the Purchaser Representative’s receipt of the 2010 Financial Statements pursuant to Section 1.7 hereof, the Purchaser Representative shall provide sole written instructions to the Escrow Agent instructing the Escrow Agent to issue and deliver the Escrow Shares to the Purchasers in accordance with the calculation above. Any Escrow Shares remaining after disbursement to the Purchasers in accordance with the calculation above shall be returned to the Escrow Account.
Sample 1

Related to Lowest Threshold Percentage

  • Threshold Percentage means 15%.

  • Cash Percentage shall have the meaning specified in Section 14.02(a)(iii).

  • Strike Percentage means 100%

  • Maximum Weighted Average Life Test means a test that will be satisfied on any date of determination if the Weighted Average Life of the Collateral Loans as of such date is less than or equal to seven (7.0) years.

  • Total Percentage means, with respect to any Lender at any time, the ratio (expressed as a percentage) of such Lender’s Aggregate Exposure at such time to the Aggregate Exposure of all Lenders at such time.

  • 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.

  • Minimum Dilution Reserve Percentage means, at any time of determination, the product (expressed as a percentage and rounded to the nearest 1/100th of 1%, with 5/1000th of 1% rounded upward) of (a) the average of the Dilution Ratios for the twelve (12) most recent Fiscal Months, multiplied by (b) the Dilution Horizon Ratio.

  • Quarterly Excess Spread Percentage means, for each Determination Date, the percentage equivalent of a fraction the numerator of which is the sum of the Excess Spread Percentages with respect to the immediately preceding three Monthly Periods and the denominator of which is three.

  • Applicable ECF Percentage means, for any fiscal year, (a) 50% if the Total Leverage Ratio as of the last day of such fiscal year is greater than or equal to 6.00 to 1.00, (b) 25% if the Total Leverage Ratio as of the last day of such fiscal year is less than 6.00 to 1.00 but greater than or equal to 5.00 to 1.00 and (c) 0% if the Total Leverage Ratio as of the last day of such fiscal year is less than 5.00 to 1.00.

  • Required Percentage means, with respect to an Excess Cash Flow Period, 50%; provided, that (a) if the Net Total Leverage Ratio as at the end of the Excess Cash Flow Period is less than or equal to 3.50 to 1.00 but greater than 3.00 to 1.00, such percentage shall be 25% and (b) if the Net Total Leverage Ratio as at the end of the Excess Cash Flow Period is less than or equal to 3.00 to 1.00, such percentage shall be 0%.

  • Premium Percentage As defined in the Insurance Agreement.

  • Funded Percentage means, with respect to any Lender at any time, a percentage equal to a fraction the numerator of which is the amount actually disbursed and outstanding to Borrower by such Lender at such time and the denominator of which is the total amount disbursed and outstanding to Borrower by all of the Lenders at such time.

  • Shift Percentage As to any Distribution Date occurring during the five years beginning on the first Distribution Date, 0%. For any Distribution Date occurring on or after the fifth anniversary of the first Distribution Date as follows: for any Distribution Date in the first year thereafter, 30%; for any Distribution Date in the second year thereafter, 40%; for any Distribution Date in the third year thereafter, 60%; for any Distribution Date in the fourth year thereafter, 80%; and for any Distribution Date thereafter, 100%.

  • Excess Overcollateralized Amount With respect to the Class A Certificates and the Mezzanine Certificates and any Distribution Date, the excess, if any, of (i) the Overcollateralized Amount for such Distribution Date (calculated for this purpose only after assuming that 100% of the Principal Remittance Amount on such Distribution Date has been distributed) over (ii) the Overcollateralization Target Amount for such Distribution Date.

  • Original Class B-6 Percentage The Class B-6 Percentage as of the Cut-Off Date, as set forth in Section 11.13.

  • Excess Overcollateralization Amount With respect to any Distribution Date, the excess, if any, of (a) the Overcollateralization Amount on such Distribution Date over (b) the Required Overcollateralization Amount for such Distribution Date.

  • Original Class B-2 Percentage The Class B-2 Percentage as of the Cut-Off Date, as set forth in Section 11.09.

  • Class B-6 Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Percentage by (ii) a fraction, the numerator of which is the Class B-6 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-6 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-6 Percentage for such Distribution Date will be zero.

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

  • Adjustment Percentage means, with respect to any Loan, the quotient (expressed as a decimal) of the Loan Value for such Loan divided by the Cut-Off Date Unpaid Principal Balance of such Loan.

  • Applicable Revolving Percentage means with respect to any Revolving Lender at any time, such Revolving Lender’s Applicable Percentage in respect of the Revolving Facility at such time.

  • Asset Percentage has the meaning specified in Section 2.05(b)(ii).

  • Threshold Period shall have the meaning set forth in Section 6(d).

  • Volume Weighted Average Price means, for any security as of any date, the daily dollar volume-weighted average price for such security on the Primary Market as reported by Bloomberg through its “Historical Prices – Px Table with Average Daily Volume” functions, or, if no dollar volume-weighted average price is reported for such security by Bloomberg, the average of the highest closing bid price and the lowest closing ask price of any of the market makers for such security as reported in the "pink sheets" by Pink Sheets LLC.

  • Equity Percentage means the aggregate ownership percentage of Borrower in each Unconsolidated Affiliate, which shall be calculated as the greater of (a) Borrower’s nominal capital ownership interest in the Unconsolidated Affiliate as set forth in the Unconsolidated Affiliate’s organizational documents, and (b) Borrower’s economic ownership interest in the Unconsolidated Affiliate, reflecting Borrower’s share of income and expenses of the Unconsolidated Affiliate.

  • L/C Percentage as to any L/C Lender at any time, the percentage of the Total L/C Commitments represented by such L/C Lender’s L/C Commitment, as such percentage may be adjusted as provided in Section 2.23.