PIP Threshold definition

PIP Threshold shall have the meaning set forth in Section 11.3.
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PIP Threshold. Shall have the meaning given to it in Section 4.12.
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Examples of PIP Threshold in a sentence

  • The costs of completing the PIP shall be borne by Buyer up to $1,082,490.00 (the “PIP Threshold”), and any PIP costs in excess of the PIP Threshold, whether incurred before or after Closing shall be paid by Seller.

  • The costs of completing the PIP shall be borne by Buyer up to $1,489,963.00 (the “PIP Threshold”), and any PIP costs in excess of the PIP Threshold, whether incurred before or after Closing shall be paid by Seller.

  • However, if the final PIP pricing estimate prepared by the Project Management Firm is greater than the PIP Threshold, Purchaser shall be entitled to a reduction of the Purchase Price equal to fifty percent (50%) of the amount that the PIP pricing estimate exceeds the PIP Threshold, up to a maximum Purchase Price reduction of Five Hundred Thousand Dollars ($500,000) (i.e., a maximum PIP pricing estimate of $6,400,000).

  • The costs of completing the PIP shall be borne by Buyer up to $121,012.00 (the “PIP Threshold”), and any PIP costs in excess of the PIP Threshold, whether incurred before or after Closing shall be paid by Seller.

  • The costs of completing the PIP shall be borne by Buyer up to $1,971,928.00 (the “PIP Threshold”), and any PIP costs in excess of the PIP Threshold, whether incurred before or after Closing shall be paid by Seller.

  • The costs of completing the PIP shall be borne by Buyer up to $1,978,149.00 (the “PIP Threshold”), and any PIP costs in excess of the PIP Threshold, whether incurred before or after Closing shall be paid by Seller.

  • The costs of completing the PIP shall be borne by Buyer up to $1,224,381.00 (the “PIP Threshold”), and any PIP costs in excess of the PIP Threshold, whether incurred before or after Closing shall be paid by Seller.

  • The costs of completing the PIP shall be borne by Buyer up to $1,081,736.00 (the “PIP Threshold”), and any PIP costs in excess of the PIP Threshold, whether incurred before or after Closing shall be paid by Seller.

  • The costs of completing the PIP shall be borne by Buyer up to $22,008.00 (the “PIP Threshold”), and any PIP costs in excess of the PIP Threshold, whether incurred before or after Closing shall be paid by Seller.

  • In the event the PIP Expense is less than the PIP Threshold during the 2003 calendar year, the amount of this difference will be referred to as the PIP Surplus.

Related to PIP Threshold

  • Ownership Threshold means, with respect to any Person, Beneficial Ownership of the GREATER of (A) 15% of the Common Shares at any time outstanding or (B) the percentage of the outstanding Common Shares Beneficially Owned by such Person on the date of this Rights Agreement, plus in the case of this clause (B) 1% of the Common Shares outstanding on such date.

  • 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 Threshold means the average daily yield on the 10 Year Treasury Note (as reported in the Bloomberg GT10 index) over the Award Period.

  • Stated Threshold means total losses under the shared loss agreements in the amount of $110,000,000.00.

  • Restoration Threshold means with respect to each Individual Property, five percent (5%) of the original Allocated Loan Amount of such Individual Property.

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

  • Threshold means, with respect to Party B and any Valuation Date, infinity.

  • Alteration Threshold means, with respect to each Individual Property, five percent (5%) of the original Allocated Loan Amount (as defined in the Mortgage Loan Agreement) of such Individual Property.

  • Indemnity Threshold has the meaning set forth in Section 9.3.

  • VWAP Minimum Price Threshold means, with respect to any particular VWAP Purchase Notice, the Sale Price on the VWAP Purchase Date equal to the greater of (i) 80% of the Closing Sale Price on the Business Day immediately preceding the VWAP Purchase Date or (ii) such higher price as set forth by the Company in the VWAP Purchase Notice.

  • Threshold Percentage means 15%.

  • Accelerated Purchase Minimum Price Threshold means, with respect to any Accelerated Purchase made pursuant to Section 2(b) hereof, any minimum per share price threshold set forth in the applicable Accelerated Purchase Notice.

  • Trigger Amount with respect to Extraordinary Trust Expenses for the Trust is $25,000 and the Maximum Reimbursable Amount is $100,000. The Trustee Fee will be paid by the Expense Administrator. Expenses will be reimbursed by the Expense Administrator in accordance with the Expense Administration Agreement.

  • S&P Required Ratings Threshold means, with respect to Party A, the guarantor under an Eligible Guarantee or an Eligible Replacement, a long-term unsecured and unsubordinated debt rating from S&P of “BBB+”.

  • Hurdle Amount means for the applicable period, an amount equal to 5.0% of the Beginning VPU.

  • S&P Approved Ratings Threshold means, with respect to Party A, the guarantor under an Eligible Guarantee or an Eligible Replacement, a short-term unsecured and unsubordinated debt rating from S&P of “A-1”, or, if such entity does not have a short-term unsecured and unsubordinated debt rating from S&P, a long-term unsecured and unsubordinated debt rating or counterparty rating from S&P of “A+”.

  • Additional Accelerated Purchase Minimum Price Threshold means, with respect to an Additional Accelerated Purchase made pursuant to Section 2(c) hereof, any minimum per share price threshold set forth in the applicable Additional Accelerated Purchase Notice.

  • Required Ratings Threshold means each of the S&P Required Ratings Threshold and the Moody’s Second Trigger Ratings Threshold.

  • Indemnification Threshold has the meaning set forth in Section 11.5.

  • Approved Ratings Threshold means each of the S&P Approved Ratings Threshold and the Moody’s First Trigger Ratings Threshold.

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

  • M1 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 70.00% and (ii) the Pool Balance for such Distribution Date and (b) the amount, if any, by which (i) the Pool Balance for such Distribution Date exceeds (ii) 0.50% of the Cut-off Date Balance.