Tier 1 Threshold definition

Tier 1 Threshold means $1,900,000.00, increasing at a rate of three percent (3%) per annum compounded annually for each Fiscal Year.

Tier 1 Threshold means $1,177,400,000.00, increasing at a rate of three percent (3%) per annum compounded annually for each Fiscal Year.”

Tier 1 Threshold means $919,958,300.00, increasing at a rate of three percent (3%) per annum compounded annually for each Fiscal Year.

Examples of Tier 1 Threshold in a sentence

• No Percentage Rent shall be payable for any Fiscal Year during the Term if the Gross Revenues for such Fiscal Year is less than or equal to the Tier 1 Threshold.

• No Percentage Rent shall be payable with respect to any Hotel for any Fiscal Year during the Term if such Hotel’s Gross Revenues for such Fiscal Year is less than or equal to such Hotel’s Tier 1 Threshold.

• If on any Purchase Date the Closing Sale Price of the Common Stock is (w) for a Tier 1 Purchase, below the Tier 1 Threshold or (x) for a Tier 2 Purchase, below the Tier 2 Threshold, then the number of Purchase Shares shall automatically be reduced to (y) a Regular Purchase in the case of a Purchase Notice delivered for a Tier 1 Purchase and (z) a Tier 1 Purchase in the case of Purchase Notice delivered for a Tier 2 Purchase.

More Definitions of Tier 1 Threshold

Tier 1 Threshold means (a) if the Consolidated Asset Coverage Ratio is less than 1.67x, 4% of the aggregate value of all Eligible Portfolio Investments in their entirety, (b) if the Consolidated Asset Coverage Ratio is greater than or equal to 1.67x but less than 2.00x, 5% of the aggregate value of all Eligible Portfolio Investments in their entirety, and (c) if the Consolidated Asset Coverage Ratio is greater than or equal to 2.00x, 6% of the aggregate value of all Eligible Portfolio Investments in their entirety, in each case of clauses (a), (b) and (c), as measured against the most recent financial statements delivered in accordance with Sections 5.01(a) and 5.01(b).

Tier 1 Threshold means $1,200,000.00, increasing at a rate of two percent (2%) per annum compounded annually for each fiscal year.