Minimum Thresholds Sample Clauses
The Minimum Thresholds clause sets a baseline level or amount that must be met before certain obligations, rights, or actions under the contract are triggered. In practice, this might mean that a party is only required to take action, such as making a payment or providing notice, if the value of a claim or loss exceeds a specified minimum amount. This clause helps to prevent minor or insignificant issues from resulting in administrative burdens or disputes, ensuring that only material matters are addressed under the contract.
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Minimum Thresholds. Notwithstanding the foregoing, no Services Fees will be payable by Comverge pursuant to Section 5(c) or (f) until such time as Comverge has first begun receiving payment for an aggregate demand-response load reduction of *** from Large Load Customers introduced by Air Products or acquired through a Business Model with which Comverge entered into Services contracts after the Effective Date (“Minimum Threshold”); provided, however, that at such time as Air Products has delivered *** (***) Business Models, all load reduction from Large Load Customers shall apply to the Minimum Threshold without regard to whether such Large Load Customers were introduced by Air Products or acquired through a Business Model. At such time that the Minimum Threshold has been met (“Minimum Threshold Date”), any Services Fees that would have been due and payable but for the application of this Section 5(g), will become due and payable, including interest accrued thereon pursuant to Section 5(d), and will be paid by Comverge on or before sixty (60) days after the Minimum Threshold Date. Services Fees not due and payable as of the Minimum Threshold Date will become due and payable in accordance with Section 5(c).
Minimum Thresholds. Develop Minimum Threshold criteria for each basin identified in the project description. Establish Minimum Thresholds through a facilitated public process informed by technical data and analysis based on the basin setting, monitoring results, and other information. One goal of this portion of the planning process will be to establish Minimum Thresholds for groundwater levels as the representative measurement for multiple sustainability indicators and to conduct an appraisal to determine the current and historical conditions in relation to the Minimum Thresholds and the economic feasibility of the minimum thresholds.
Minimum Thresholds. Each pharmacy is expected to achieve a minimum of 30 quits over the 18 month duration of the contract. This includes a minimum of 12 CO verified quits, 6 of these CO verified quits should be achieved in the initial 6 months of the scheme (up to June 30th 2019). At this 6 month point if a pharmacy is failing to reach this minimum target quota a review of practice will take place (See Section 8 above). In these circumstances the Public Health Tobacco Control Commissioner reserves the right to exercise the option of decommissioning the pharmacy from this SLA (See Section 5 above). There will be a rolling review of the payment with officers of the Liverpool Local Pharmaceutical Committee (LPC). The contractors will be notified of any agreed amendments.
Minimum Thresholds. Exhibit A identifies the minimum sales and operating margin thresholds that must be achieved in order for any portion of the Award to be paid to the Participant. Such minimum thresholds are hereinafter referred to as the “Minimum Sales Target” and the “Minimum Operating Margin Target”, respectively, and together referred to as the “Minimum Targets”. No portion of the Award relating to business unit performance will be paid unless the business unit achieves both its Minimum Sales Target and the Minimum Operating Margin Target. No portion of the Award relating to Company performance will be paid unless the Company achieves both its Minimum Sales Target and the Minimum Operating Margin Target.
Minimum Thresholds. In the event that, during the applicable Minimum Threshold Periods (as defined below), Microgenics does not receive the applicable Minimum Threshold Revenue (as defined below) during a given calendar year, Achaogen agrees to pay [***] Microgenics for such region during such calendar year (on a prorated basis, as applicable). For purposes of this Section 4.2.3,
4.2.3.1 The “First Minimum Threshold Period” shall begin on the [***] ([***]) anniversary of the date on which the First Commercial Sale of the Assay in [***] occurred and shall end on the [***] ([***]) anniversary of the date on which the First Commercial Sale of the Assay in [***] occurred. For example, if the First Commercial Sale of the Assay in [***] occurred on [***] then the First Minimum Threshold Period would begin on [***] and would end on [***];
4.2.3.2 The “Second Minimum Threshold Period” shall begin on the [***] ([***]) anniversary of the earlier of the date on which the First Commercial Sale of the Assay occurred in (i) [***] of the following countries – [***] (each an “[***] Country”); or (ii) an [***] Country and [***]; or (iii) [***] ([***]) of the Primary Country list ([***]) (subclause (i), (ii), or (iii), as applicable, the “Start Date”), and shall end on the earlier of (a) the [***] ([***]) anniversary of the Start Date or (b) the date this Agreement expires or terminates;
Minimum Thresholds. If, at any time, any Nominating Member ceases to hold a number of Designated Units equal to or greater than the Minimum Threshold, then the Representative Director designated by such Nominating Member, as applicable, shall be immediately removed from the Board, in each case, without any further action by the Board, and the resulting vacancy shall be filled in accordance with this Agreement. The number of directors who shall be designated in accordance with Section 6.2(a)(vi) shall be irrevocably increased by one (1) for each designee removed pursuant to the foregoing sentence.
Minimum Thresholds. Beginning June 1, 2003, in the event that Buyer ------------------ does not purchase quantities of ATS Solutions equal to or greater than the Exclusivity Threshold (as defined below), then the Supply Restriction imposed on ATS pursuant to Section 3.1.2 shall automatically become null and void and of no further force or effect for the remainder of the Contract Term and ATS shall have the right at its option to terminate this Agreement, effective immediately upon notice to Buyer. The "Exclusivity Threshold" shall be determined according to the following schedule: Contract Year Annual Minimum Quarterly Minimum ------------------- -------------------- ----------------------- First Contract Year [** ] liters N/A Second Contract Year [** ] liters [** ] liters Third Contract Year [** ] liters [** ] liters and, in the event of any renewal of this Agreement, each Contract Year thereafter
Minimum Thresholds