Threshold Year definition

Threshold Year has the meaning set forth in Section 2.5(b).

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Threshold Year means the full Operating Year following the Operating Year during which the tenth (10th) annual anniversary of the Effective Date occurs provided, however, that if the tenth (10th) anniversary occurs on the first day of an Operating Year, the Threshold Year shall be the Operating Year commencing on that date. By way of example, if the tenth (10th) anniversary of the Effective Date is July 1, 2032, the Threshold Year shall be the Operating Year commencing on July 1, 2031 and ending on June 30, 2032.

Threshold Year means a period of four consecutive calendar quarters beginning on the first day of the calendar quarter following execution of this

Examples of Threshold Year in a sentence

• Section 10.8(b) shall be amended to add to the end of the paragraph the following sentence: On and after the Threshold Year, this Section 10.8(b) shall be of no force and effect.

• Within thirty (30) days after the end of the Threshold Year, LGLS shall reimburse OSCIENT the difference between (a) the actual amount paid by OSCIENT for API purchased during such year and (b) $[***] per kg times the number of kg purchased for such year.

• After the Threshold Year, OSCIENT shall continue to pay $***** per kg unless OSCIENT purchases less than ***** kg of API during any calendar year.

• Within thirty (30) days after the end of the Threshold Year, LGLS shall reimburse OSCIENT the difference between (a) the actual amount paid by OSCIENT for API purchased during such year and (b) $***** per kg times the number of kg purchased for such year.

• As soon as practicable after the end of each fiscal year of the Company during the Term and commencing with the year ending December 31, 2004, the Company's Pretax Income for such fiscal year (as determined in accordance with generally accepted accounting principles) will be compared to the Company's Pretax Income for the immediately preceding fiscal year (Threshold Year).

• After the Threshold Year, OSCIENT shall continue to pay $[***] per kg unless OSCIENT purchases less than [***] kg of API during any calendar year.

• As soon as practicable after the end of each fiscal year of the Company during the term of this Agreement and commencing with the year ending December 31, 2000, the Company's Pretax Income for such fiscal year (as determined in accordance with generally accepted accounting principles) will be compared to the Company's Pretax Income for the immediately preceding fiscal year (Threshold Year).

More Definitions of Threshold Year

Threshold Year means the year specified under Subsection 9-2-1805(4).

Threshold Year means a period of four consecutive calendar quarters beginning on the first day of the calendar quarter following execution of this Agreement.

Threshold Year means any calendar year in which the Total Sales Tax exceeds the Threshold Sales Tax.