Year 2 Threshold definition

Year 2 Threshold means the greater of (i) $11,000,000 or (ii) Year 1 EBITDA.
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Year 2 Threshold means the greater of (i) $11,000,000 or (ii) Year 1 EBITDA. (22) "Year 3 Threshold" shall mean the greater of (i) $11,000,000, (ii) Year 1 EBITDA, or (iii) Year 2 EBITDA. (b)
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Year 2 Threshold means $50,000,000.
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Examples of Year 2 Threshold in a sentence

  • The Earn Out Payment with respect to Earn Out Year 2 shall increase on a linear basis in accordance with Section 2.8 of the Disclosure Schedules, to the extent the COIT EBITDA exceeds the Earn Out Year 2 Threshold; provided, that the Earn Out Payment for Earn Out Year 2 shall in no event exceed $2,030,000.00.


More Definitions of Year 2 Threshold

Year 2 Threshold means $11,000,000.
Sample 1

Related to Year 2 Threshold

  • Threshold means with respect to Party B: infinity.

  • Hurdle Amount for any period during a calendar year means that amount that results in a 5% annualized internal rate of return on the Net Asset Value of the Partnership Units outstanding at the beginning of the then-current calendar year and all Partnership Units issued since the beginning of the then-current calendar year, taking into account the timing and amount of all distributions accrued or paid (without duplication) on all such Partnership Units and all issuances of Partnership Units over the period and calculated in accordance with recognized industry practices. The ending Net Asset Value of the Partnership Units used in calculating the internal rate of return will be calculated before giving effect to any allocation or accrual to the Performance Allocation and any Shareholder Servicing Fee or Investor Servicing Fee, provided that the calculation of the Hurdle Amount for any period will exclude any Partnership Units repurchased during such period, which Partnership Units will be subject to the Performance Allocation upon such repurchase as described in Section 5.2(c).