Threshold Year definition

Threshold Year has the meaning set forth in Section 2.5(b).
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Threshold Year means any calendar year in which the Total Sales Tax exceeds the Threshold Sales Tax.
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Threshold Year means a period of four consecutive calendar quarters beginning on the first day of the calendar quarter following execution of this Agreement.
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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.

  • 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).

  • 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.

  • 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.

  • In the event a Tenant files an amended sales and use tax return or report with the State of Texas, or if additional Sales and Use Tax is due and owing, as determined or approved by the State of Texas, affecting Sales Tax Receipts for a previous calendar year, the Sales Tax Grant payment applicable to the Threshold Year next following such State of Texas approved amendment shall be adjusted accordingly provided the City has received Sales Tax Receipts attributed to such adjustment.

  • The Sales Tax Grant applicable to a Threshold Year shall be paid to GF III on or before April 1 of the corresponding Sales Tax Grant Year (provided a determination has been made in accordance with this Agreement that a year is a Threshold Year; if such determination has not been made by April 1, a Sales Tax Grant shall be paid promptly following the making of such determination in accordance with the City’s payment practices).

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

  • The City shall not be required to provide any Sales Tax Grant to GF III for any Threshold Year during the Term of this Agreement for which the City has not received Sales Tax Receipts sufficient to make such year a Threshold Year.


More Definitions of Threshold Year

Threshold Year means the year specified under Subsection 9-2-1805(4).
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Threshold Year means a period of four consecutive calendar quarters beginning on the first day of the calendar quarter following execution of this
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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.
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Related to Threshold Year

  • Threshold Period shall have the meaning set forth in Section 6(d).

  • Threshold means with respect to Party B: infinity.

  • Dividend Threshold Amount has the meaning set forth in Section 5.04(a).

  • Threshold Percentage means 15%.

  • Minimum Threshold means the average daily yield on the 10 Year Treasury Note (as reported in the Bloomberg GT10 index) over the Award Period.

  • Threshold Price is the lowest price (except to the extent otherwise provided in Section 2.6) at which the Company may sell Shares during the applicable Pricing Period as set forth in a Fixed Request Notice (not taking into account the applicable percentage discount during such Pricing Period determined in accordance with Section 2.2); provided, however, that at no time shall the Threshold Price be lower than $3.00 per share unless the Company and the Investor mutually shall agree.

  • Restoration Threshold means an amount equal to 5% of the outstanding principal amount of the Loan.

  • M3 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 85.50% and (ii) the Pool Balance for such Distribution Date and (b) the amount, if any, by which (i) the Pool Balance for such Distribution Date exceeds (ii) 0.50% of the Cut-off Date Balance.

  • Alteration Threshold means an amount equal to 5% of the outstanding principal amount of the Loan.

  • Bid threshold means the dollar amount set in N.J.S.A. 18A:18A-3, above which a Board shall advertise for and receive sealed bids in accordance with procedures set forth in N.J.S.A. 18A:18A-1 et seq.

  • M2 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 81.50% and (ii) the Pool Balance for such Distribution Date and (b) the amount, if any, by which (i) the Pool Balance for such Distribution Date exceeds (ii) 0.50% of the Cut-off Date Balance.

  • Threshold Rating means the short-term unsecured debt rating of P-1 by Moody's and A-1 by Standard & Poor's.

  • One-hundred-year flood means a flood having a one per cent chance of being equaled or exceeded in any given year.

  • VWAP Minimum Price Threshold means, with respect to any particular VWAP Purchase Notice, the Sale Price on the VWAP Purchase Date equal to the greater of (i) 80% of the Closing Sale Price on the Business Day immediately preceding the VWAP Purchase Date or (ii) such higher price as set forth by the Company in the VWAP Purchase Notice.

  • Senior Target Amount With respect to each Distribution Date, an amount equal to the lesser of (a) the product of (i) 77.30% and (ii) the Aggregate Loan Balance for such Distribution Date determined as of the last day of the related Collection Period and (b) the amount, if any, by which (i) the Aggregate Loan Balance for such Distribution Date determined as of the last day of the Collection Period exceeds (ii) 0.50% of the Cut-off Date Balance.

  • Threshold Appreciation Price has the meaning specified in Section 5.1.

  • M4 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 84.30% and (ii) the Aggregate Pool Balance for such Distribution Date determined as of the last day of the related Collection Period and (b) the amount, if any, by which (i) the Aggregate Pool Balance for such Distribution Date determined as of the last day of the related Collection Period exceeds (ii) the Targeted Overcollateralization Amount.

  • Minimum Takedown Threshold shall have the meaning given in Section 2.1.4.

  • Annual Turnover means the actual turnover achieved during your first year of operations, from the commencement of your business to the date of the damage, converted to a 12-month equivalent figure.

  • M5 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 86.20% and (ii) the Aggregate Pool Balance for such Distribution Date determined as of the last day of the related Collection Period and (b) the amount, if any, by which (i) the Aggregate Pool Balance for such Distribution Date determined as of the last day of the related Collection Period exceeds (ii) the Targeted Overcollateralization Amount.

  • M1 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 70.00% and (ii) the Pool Balance for such Distribution Date and (b) the amount, if any, by which (i) the Pool Balance for such Distribution Date exceeds (ii) 0.50% of the Cut-off Date Balance.

  • Target EBITDA means, for each fiscal year, the EBITDA set forth in the operating budget of the Company, as approved by the Board, for the particular year.

  • Target Amount is defined in Section 4.3(b)(i).

  • Measurement Period shall have the meaning specified in Section 14.01(b)(i).

  • Performance Measurement Period has the meaning set forth in Section 3.1(e)(ii).

  • LTM EBITDA means Consolidated EBITDA of the Company measured for the period of the most recent four consecutive fiscal quarters ending prior to the date of such determination for which internal consolidated financial statements of the Company are available, in each case with such pro forma adjustments giving effect to such Indebtedness, acquisition or Investment, as applicable, since the start of such four quarter period and as are consistent with the pro forma adjustments set forth in the definition of “Fixed Charge Coverage Ratio.”