Required Threshold definition

Required Threshold has the meaning set forth in the definition of Below Investment Grade Rating Event.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Required Threshold shall have the meaning set forth in Section 6.1.

Required Threshold has the meaning set forth in Section 3 hereof.

Examples of Required Threshold in a sentence

• The Borrower will maintain at all times a Leverage Ratio of not greater than 4.75:1.00 (the "Required Threshold"); provided, however, that if the Borrower consummates one or more acquisitions permitted hereunder in which the aggregate purchase price of all such acquisitions exceeds $25,000,000, then the Required Threshold shall be increased to 5.25:1.00 for the first two full fiscal reporting periods during any 12-month period immediately following the consummation of such acquisitions.

• The Borrowers will maintain , as of the end of each Fiscal Quarter, commencing with the Fiscal Quarter ending on September 30, 2013, a Leverage Ratio of not greater than 2.75:1.00, such ratio (the “Required Threshold”); provided however, that if the Borrowers consummate one or more Permitted Acquisitions that in the aggregate equals or exceeds $50,000,000, then and in such event the Required Threshold for such Fiscal Quarter and the following three Fiscal Quarters shall be increased to 3.00:1.00.

• The Borrower shall not permit the Leverage Ratio as of the end of any fiscal quarter to exceed 5.00:1.00 (the “Required Threshold”); provided, however, that during an Acquisition Adjustment Period, the Required Threshold shall be increased to 5.50:1.00.

• Notwithstanding the foregoing, if the Borrower makes the election to increase the Required Threshold as provided for above, the Borrower and its Subsidiaries will be required to maintain, on a consolidated basis as of the end of each Fiscal Quarter, commencing with the Fiscal Quarter ending December 31, 2007, a Leverage Ratio of not greater than 4.75:1.00, subject to allowances for temporary increases in the Required Threshold to 5.50:1.00 as provided in Section 6.1(a) above.

• Such notice shall set forth in reasonable detail the basis for such determination and shall be delivered within three (3) months after the date on which a Required Threshold of Banks have become aware of such increase in cost reduction in income or additional expenses and ascertained the amount thereof.

More Definitions of Required Threshold

Required Threshold means the minimum number of Unisem Shares required to be held by TSHT (via HT Malaysia) as at the completion of the Offer, in order to achieve the 10% Gap as at the completion of the Offer.

Required Threshold shall have the meaning given to such term in Section 6.21.

Required Threshold means, in the case of (A) an Institutional Lender providing a construction loan, One Hundred and Fifty Hundred Million and 00/100 Dollars ($150,000,000.00) and (B) an Institutional Lender providing a permanent loan or mezzanine financing, One Hundred Million and 00/100 Dollars ($100,000,000.00), provided that if an Institutional Lender is composed of more than one Person, the Required Threshold shall be the combined assets of all such Persons; (x) the “Eligibility Requirements” mean, with respect to any Person, that such Person (A) is subject to the jurisdiction of the courts of the State of New York and (B) has assets of not less than the Required Threshold; (y) “Qualified Trustee” means

Required Threshold means, in the case of (A) an Institutional Lender providing a construction loan, Five Hundred Million and 00/100 Dollars ($500,000,000.00) and (B) an Institutional Lender providing a permanent loan or mezzanine financing, Two Hundred Million and 00/100 Dollars ($200,000,000.00), provided that if an Institutional Lender is composed of more than one Person, the Required Threshold shall be the combined assets of all such Persons; (x) the “Eligibility Requirements” means, with respect to any Person, that such Person (A) is subject to the jurisdiction of the courts of the State of New York and (B) has assets of not less than the Required Threshold; (y) “Qualified Trustee” means (A) a corporation, national bank, national banking association or trust company, organized and doing business under the laws of the United States of America or any state thereof, authorized under such laws to exercise corporate trust powers and to accept the trust conferred, subject to supervision or examination by federal or state regulatory authority, and having a combined capital and surplus of at least the Required Threshold, (B) an institution insured by the Federal Deposit Insurance Corporation and having a combined capital and surplus of at least the Required Threshold, or (C) an institution whose long-term senior unsecured debt is rated in

Required Threshold means, in the case of (A) an Institutional Lender providing a construction loan, Five Hundred Million and 00/100 Dollars ($500,000,000.00) and (B) an Institutional Lender providing a permanent loan or mezzanine financing, Two Hundred Million and 00/100 Dollars ($200,000,000.00), provided that if an Institutional Lender is composed of more than one Person, the Required Threshold shall be the combined assets of all such Persons; (x) the “Eligibility Requirements” mean, with respect to any Person, that such Person (A) is subject to the jurisdiction of the courts of the State of New York and

Required Threshold has, in relation to a Borrower, the meaning ascribed to it in paragraph (a) of Clause 21.8 (Bordereaux Dailly).

Required Threshold means an Institutional Lender having net assets of no less than Five Hundred Million Dollars ($500,000,000.00) as of the Effective Date, provided that if an Institutional Lender comprises more than one Person (whether as Affiliated real estate investment trusts, Affiliated funds or otherwise), the Required Threshold shall be the combined assets of all such Affiliated Persons as of the Effective Date. both.