Examples of Seller Threshold in a sentence
Except as disclosed in writing to Buyer, there is no action, suit, proceeding, investigation or arbitration pending or, to Seller’s Knowledge, threatened in writing against Seller or Guarantor or any of its respective assets that (i) is in an amount greater than the Seller Threshold with respect to Seller or the Guarantor Threshold with respect to Guarantor or (ii) would result in a Material Adverse Effect.
Except as disclosed in writing to Buyer, there are no judgments against Seller in an amount greater than the Seller Threshold, or against Guarantor in the aggregate in an amount greater than the Guarantor Threshold that, in each case, are unsatisfied of record or docketed in any court located in the United States of America.
However, earlier, the Tenth Finance Commission had also made recommendations in this regard, as article 280 had been amended before the expiry of its term and the Commission felt that it was obliged to deal with the issue in terms of the amended article 280 even though it was not included in its TOR.
Seller shall be in default (beyond any applicable notice and cure periods) under any of its Indebtedness with an outstanding principal amount of at least the Seller Threshold, which default (A) is a monetary default or (B) permits the acceleration of the maturity of obligations by any other party to or beneficiary with respect to such Indebtedness, and Seller fails to repurchase all Purchased Assets within two (2) Business Days thereafter.
Except as otherwise specified elsewhere in this paragraph, from the Asia Closing Date until 11:59:59 p.m. New York time on December 1, 2011, the Seller Threshold shall be deemed to have the same meaning set out in the PE SPA immediately prior to the execution of this Amendment.