Threshold Requirement definition
Examples of Threshold Requirement in a sentence
Monies provided by the Mitigation Fund shall be applied to Mitigation Projects in a manner that meets the Funding Threshold Requirement.
Subject to Section 4.d, each Borrower shall be required under the Loan Agreement to not accept or to return any portion of funding or reimbursement from a public grant or program that would cause the applicable Mitigation Project to be unable to comply with the Funding Threshold Requirement.
The Banks and the Issuing Bank irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted hereunder, or if the Borrower Representative requests the release of any Guarantor so long as after giving effect to such release the Non-Guarantor Subsidiaries shall not, as a group, exceed any Threshold Requirement.
Upon the Threshold Requirement being met, the Executive will also be eligible for annual bonuses with a target amount of 50% of his Base Salary (the “Bonus”).
The Administrator shall submit to CARB notice of the selection of a Part 2 Dairy Project that includes an explanation of how the Dairy Project meets the Funding Threshold Requirement.