Threshold definition

Threshold means, for Party B: infinity.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

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

Threshold means, with respect to a party, the amount specified as such for that party in Paragraph 13; if no amount is specified, zero.

Examples of Threshold in a sentence

• The occurrence of any of the following events or conditions (i) an ERISA Event or (ii) the Borrower or any ERISA Affiliate fails to make full payment when due of all amounts which, under the provisions of any Single Employer Plan or Sections 412 or 430 of the Code, the Borrower or any ERISA Affiliate is required to pay as contributions thereto and which are in excess of the Threshold Amount.

• Notwithstanding this clause (c), should MDT purchase volume fail to meet the Purchase Volume Threshold, MDT shall have the right to make a true-up purchase within thirty (30) days from the end of such [***] period, as applicable, to maintain a purchase volume consistent with the Purchase Volume Threshold.

• The foregoing restriction will not terminate if MDT, in its discretion, provides written notice to ADC that it will make a true-up purchase for the shortfall Units (calculated by subtracting the number of Units purchased during the applicable [***] period from the Purchase Volume Threshold for such period).

• The cost of each audit shall be borne by ADC, unless an audit reveals an inaccurate report on the Purchase Volume Threshold or Purchase High Volume Threshold was provided by MDT to the JSC, or an underpayment to ADC of more than [***] from such reported amounts, in which case MDT shall bear the cost of such audit.

• Notwithstanding anything to the contrary in this Agreement, if the Second Closing Trigger is caused by a Price Threshold Waiver, only those Investors who signed the Price Threshold Waiver shall be obligated to participate in the Second Closing and the non-signing Investors shall have the right but not the obligation to purchase the number of Shares as determined above in this Section 2.2(a).

More Definitions of Threshold

Threshold means, with respect to a party, the Base Currency Equivalent of the amount specified as such for that party in Paragraph 11(b)(iii)(B); if no amount is specified, zero.

Threshold has the meaning set forth in Section 7.4(a).

Threshold means with respect to Party A: Zero "Threshold" means with respect to Party B: Zero

Threshold means, for Party A: infinity, unless, (A) (i) an Initial Rating Event has occurred and is continuing for 10 Business Days AND (ii) Party A has not otherwise complied with Part 5(h)(i) of this Agreement, OR (B) (i) a Subsequent Rating Event has occurred and is continuing for 10 Business Days AND (ii) Party A has not otherwise complied with Part 5(h)(ii) of this Agreement, then its Threshold shall be zero.

Threshold means with respect to Party A and Party B, zero.

Threshold has the meaning set forth in Section 8.1(c).

Threshold means, with respect to Party A and any Valuation Date, zero if (i) a Collateral Event has occurred and has been continuing (x) for at least 30 days or (y) since this Annex was executed, or (ii) a Required Ratings Downgrade Event has occurred and is continuing; otherwise, infinity.