Warranty Threshold definition

Warranty Threshold means the sum of (i) the warranty reserve on the financial statements of the Company as of the Closing Date, which amount shall equal $257,315 (which is the warranty reserve on the financial statements of the Company as of February 28, 2002) plus or minus, as applicable, any change in the warranty reserve on the financial statements of the Company from February 28, 2002 through the Closing Date, calculated in accordance with GAAP and consistent with the standards, principles, practices and policies used in connection with the Financial Statements, and (ii) $300,000.
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Warranty Threshold is defined in Section 6.11(a).
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Warranty Threshold has the meaning set forth in Section 6.17(c).
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Examples of Warranty Threshold in a sentence

  • In the event the Representation and Warranty Threshold is met, then the Non-Breaching Party shall be entitled to seek to collect from the Breaching Party any and all damages, liabilities, losses, costs or expenses suffered or incurred as a result of all such breaches of the representations and warranties set forth herein on a first dollar basis and not merely to recover damages in excess of the Representation and Warranty Liability Threshold.

  • After the aggregate Warranty Costs incurred by the Acquired Companies has exceeded the Warranty Threshold, Seller may settle, compromise or discharge any Assumed Claim without Buyer's prior consent, provided that there is no liability to the Acquired Companies as a result of such settlement, compromise or discharge and such settlement, compromise or discharge does not otherwise materially adversely affect the Acquired Companies.

  • Sellers acknowledge that the Maximum Warranty Amount is exclusive of all insurance proceeds, meaning that Sellers shall be obligated to pay up to Four Million Dollars ($4,000,000) in Warranty Claims that are not paid by insurance and that exceed the Warranty Threshold.

  • If the amount of Warranty Expenses exceeds the Third Warranty Threshold, the Buyers shall provide notice to Dynatech that the Buyers' Warranty Expenses have exceeded the Third Warranty Threshold and the Sellers shall, within 30 days after receipt of such notice, reimburse the Buyers for 100% of such costs in excess of the Third Warranty Threshold.

  • Any Damages for which the Shareholders have indemnified Cubist Indemnified Parties pursuant to the preceding sentence shall not be counted in determining whether the aggregate amount of Damages suffered by Cubist Indemnified Parties for which they are otherwise entitled to indemnification hereunder exceeds the Warranty Threshold.

  • Buyer may not recover the costs of satisfying any Home Warranty Obligations pursuant to the foregoing clause (iv) until the aggregate amount of such costs exceeds $150,000 (the “Warranty Threshold”) , at which time Buyer may recover all of such costs pursuant to the foregoing clause (iv) (including those equal to or less than the Warranty Threshold).

  • Sellers shall be obligated to promptly pay to Buyer the amount of all Warranty Claims in excess of the Warranty Threshold irrespective of whether such amounts may be potentially covered by insurance.

  • CBI is not liable in respect of a Warranty Claim unless the aggregate amount that the Subscribers would be entitled to recover, but for this clause 17.6, in relation to all Warranty Claims is at least the Warranty Threshold Amount but once the amount of the Claim exceeds the Warranty Threshold Amount in aggregate then the Subscribers may claim for the whole of that amount and not merely the excess.

  • The Sellers shall be obligated to promptly pay to Buyer the amount of all Warranty Claims in excess of the Warranty Threshold irrespective of whether such amounts may be potentially covered by insurance.

  • Notwithstanding anything contained herein to the contrary, neither the Warranty Threshold nor the $2,500,000 limitation described in the preceding sentence shall apply to: (i) any representation or warranty set forth in Section 3.1(b) or Section 3.3; (ii) matters described in Section 5.4(a)(iv), 5.4(b)(iii) or 5.4(b)(iv) above or Section 5.3 above or 5.5 below, or (iii) any fraudulent breach of any representation or warranty.


More Definitions of Warranty Threshold

Warranty Threshold means $250,000 in the aggregate.
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Warranty Threshold has the meaning assigned to it in Section 7.2(a).
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Related to Warranty Threshold

  • Indemnity Threshold has the meaning set forth in Section 9.3.

  • Materiality Threshold means limits for related party transactions beyond which the shareholders' approval will be required as specified in Companies Act, 2013 and rules thereof and amendments thereto.

  • 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.

  • Threshold means with respect to Party B: infinity.

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

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

  • Micro-purchase threshold means the dollar amount at or below which a district may purchase property or services using micro-pur- chase procedures. Generally, the micro-purchase threshold for pro- curement activities administered under federal awards is not to ex- ceed the amount set by the Federal Acquisition Regulations (FAR) at 48 C.F.R. Part 2, Subpart 2.1 [see below], unless a higher threshold is requested by the district and approved by the cogni- zant agency for indirect costs.

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

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

  • 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.

  • 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.

  • Indemnification Threshold has the meaning set forth in Section 11.5.

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

  • Threshold Percentage means 15%.

  • stipulated minimum threshold means that portion of local production and content as determined by the Department of Trade and Industry; and

  • Valuation Cap means $8,000,000.

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

  • emission limit value means the mass, expressed in terms of certain specific parameters, concentration and/or level of an emission, which may not be exceeded during one or more periods of time;

  • Deductible Amount means, with respect to any Insuring Agreement, the amount set forth under the heading “Deductible Amount” in Item 3 of the Declarations or in any Rider for such Insuring Agreement, applicable to each Single Loss covered by such Insuring Agreement.

  • Final Price means, with respect to a Security and an Auto-Call Valuation Date or the Valuation Date, subject to the Adjustment Provisions, the price of such Security as determined by the Calculation Agent as of the Valuation Time on the relevant Exchange on such Auto-Call Valuation Date or the Valuation Date, as the case may be.

  • Step-Down Amount means, with respect to any Distribution Date, the excess, if any, of (x) the Required Pro Forma Note Balance over (y) the Pro Forma Note Balance on such Distribution Date, calculated for this purpose only without deduction for any Step-Down Amount (i.e., assuming that the entire amount described in clause (x) of the definition of “Principal Distributable Amount” is distributed as principal on the Notes); provided, however, that the Step-Down Amount in no event may exceed the amount that would reduce the positive difference, if any, of (i) the Pool Balance minus (ii) the Pro Forma Note Balance, to an amount less than 0.50% of the initial aggregate principal balance of the Receivables.

  • Contract Minimum Investment Requirement means, with respect to the Project, investment by the Company and any Sponsor Affiliates of at least $4,000,000 in Economic Development Property subject (non-exempt) to ad valorem taxation (in the absence of this Fee Agreement).

  • Indemnity Amount means the amount of any indemnification obligation payable under the Basic Documents.

  • Indemnity Cap has the meaning set forth in Section 9.2(b).

  • Liability Cap has the meaning ascribed to it in paragraph 1 of Schedule 9;

  • Broken Amount means, in respect of any Interest Payment Date, the amount specified in the relevant Final Terms.