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

Related to Tier 1 Threshold

  • Threshold means, with respect to Party B and any Valuation Date, infinity.

  • Ownership Threshold means, with respect to any Person, Beneficial Ownership of the greater of (A) 15% of the Common Shares at any time outstanding or (B) the percentage of the outstanding Common Shares Beneficially Owned by such Person on the date of this Rights Agreement, plus in the case of this clause (B) 1% of the Common Shares outstanding on such date.

  • 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.

  • Stated Threshold means total losses under the shared loss agreements in the amount of $41,000,000.00.

  • 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.