Dollar threshold Sample Clauses
A dollar threshold clause sets a minimum monetary amount that must be met before certain contractual obligations, rights, or remedies are triggered. For example, it may specify that claims for damages or indemnification are only valid if the total losses exceed a specified dollar amount. This clause helps prevent minor or trivial claims from being pursued, ensuring that only significant issues are addressed and reducing administrative burdens for both parties.
Dollar threshold. Dollar threshold" means a funding limit that is set to determine how a community agency will be held accountable for agreement receipts of state and federal funds from the department. This term governs the community agency's annual reporting requirements for agreement expenditures and it is measured on an entitywide basis based on the community agency fiscal year. [PL 2005, c. 519, Pt. SS, §1 (AMD).]
Dollar threshold. No claim for indemnification pursuant to this ---------------- Article 12 shall be made unless and until the aggregate amount of all Damages of the claimant exceeds $10,000.00.