Threshold Adjustment definition
Examples of Threshold Adjustment in a sentence
The thresholds set out in this paragraph shall be adjusted in accordance with Section G (Threshold Adjustment Formula) of this Schedule.
In the event no Sustainability Report is delivered for the fiscal year ended October 3, 2021 prior to delivery of the Pricing Certificate for the fiscal year ending October 2, 2022, the Sustainability Rate Adjustment and Sustainability Fee Adjustment with respect to such fiscal year shall be the Threshold Adjustment.
Any such election or any other failure to deliver a Pricing Certificate shall not constitute a Default or Event of Default hereunder, but shall subject the Borrowers to the Sustainability Threshold Adjustment described in Section 2.21(c) above.
Any such election shall not constitute a Default or Event of Default hereunder, but shall subject the Company to the Threshold Adjustment described in Section 4.17(c) above.
Any such election shall not constitute a Default or Event of Default hereunder, but shall subject the Company to the Threshold Adjustment described in Section 2.18(c) above.
In the event no Pricing Certificate is delivered for a Fiscal Year by June 15th of such year, the Sustainability Rate Adjustment and Sustainability Fee Adjustment for such Fiscal Year shall be the Threshold Adjustment.
In the event no Pricing Certificate is delivered for a fiscal year by June 30th of such year, the Sustainability Rate Adjustment and Sustainability Fee Adjustment with respect to such fiscal year shall be the Threshold Adjustment.
Once the Threshold Adjustment is obtained in respect of any one of the aforementioned items, Buyer or the applicable Designated Buyer Affiliate shall provide to MDS a copy of the adjustment(s) received from the applicable third party within ten (10) days of receipt of same and the payment of any readjustment between the Parties based upon the information contained in such third party’s adjustments shall be made by the appropriate Party promptly thereafter.
At all times during the Covenant Relief Period and the Covenant Threshold Adjustment Period, the Borrower and its Subsidiaries shall maintain Average Monthly Liquidity of not less than (i) from and after the First Amendment Date through March 31, 2021, $150,000,000 and (ii) thereafter, for so long as the Covenant Relief Period or Covenant Threshold Adjustment Period is then in effect (x) if the Senior Notes remain outstanding, $180,000,000 and (y) otherwise, $150,000,000.
The provisions of this Section 9.14 shall be effective from June 30, 2020 to the later of (x) the last day of the Covenant Relief Period and (y) the last day of the Covenant Threshold Adjustment Period, if any.