Common use of Threshold Amounts Clause in Contracts

Threshold Amounts. In the event that a Threshold Amount has been agreed for a Party in Clause 14.2, that Party shall be obliged to transfer pursuant to Clause 3 or Clause 4 only if the Exposure of the other Party minus any Independent Amount of such Party, in addition to the first Party’s Independent Amount if any, is at least equal to the Threshold Amount.