Trigger Level Clause Samples

A Trigger Level clause defines a specific threshold or condition that, when reached or exceeded, activates certain rights, obligations, or actions under a contract. For example, it may set a financial metric, such as revenue or loss, or an operational benchmark, like production output, that must be met before a party is required to perform or is entitled to a remedy. This clause ensures that contractual responses are only initiated when predefined, objective criteria are satisfied, thereby providing clarity and predictability for both parties.
Trigger Level. The definition of “Trigger Level” set forth in Schedule 1.1 to the Credit Agreement is hereby amended by deleting such definition in its entirety and replacing it with the following:
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Trigger Level. Schedule 1.1 of the Credit Agreement is hereby amended by deleting the definition of “Trigger Level” in its entirety and replacing it with the following: “ 'Trigger Level' means $14,440,000.”
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Trigger Level. The trigger level parameter sets the level that the trigger source must rise above, or fall below, for the selected trigger engine to become active. The trigger level is specified as an unsigned 8-bit code that represents a fraction of the full scale input range of the trigger source; 0 represents the negative full-scale input, 128 represents a 0 volt input, and 255 represents the positive full-scale input. For example, if the trigger source is CH A, and the CH A input range is ± 800 mV, then 0 represents a –800 mV trigger level, 128 represents a 0 V trigger level, and 255 represents +800 mV trigger level. In general, the trigger level value is given by: TriggerLevelCode = 128 + 127 * TriggerLevelVolts / InputRangeVolts. The following table gives examples of how trigger level codes map to trigger levels in volts according to the full-scale input range of the trigger source. Trigger level code Trigger level as fraction of source input range Trigger level if source has ±1 V input range Trigger level if source has ±5 V input range 0 -100% -1V -5V 64 -50% -500 mV -2.5 V 96 -25% -250 mV -1.25 V 128 0% 0 V 0 V 160 +25 % 250 mV 1.25 V 192 +50% +500 mV +2.5 V 255 +100% +1V +5V
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Related to Trigger Level

  • Staffing Levels To the extent legislative appropriations and PIN authorizations allow, safe staffing levels will be maintained in all institutions where employees have patient, client, inmate or student care responsibilities. In July of each year, the Secretary or Deputy Secretary of each agency will, upon request, meet with the Union, to hear the employees’ views regarding staffing levels. In August of each year, the Secretary or Deputy Secretary of Budget and Management will, upon request, meet with the Union to hear the employees’ views regarding the Governor’s budget request.

  • Maximum Leverage Permit, as of any fiscal quarter end, the ratio of (a) Adjusted Portfolio Equity as of such fiscal quarter end to (b) Funded Debt as of such fiscal quarter end, to be less than 5.00 to 1.00.

  • Senior Leverage Ratio The Borrower shall not permit its Senior Leverage Ratio at any time to exceed 2.75 to 1.00.

  • Maximum Total Leverage Ratio The Borrower shall not permit the Total Leverage Ratio as of the last day of any four-quarter period to be greater than 4.00:1.00. Notwithstanding the foregoing: (a) for purposes of calculating the Total Leverage Ratio, until the earlier of (i) the consummation of a Specified Acquisition and (ii) termination of the acquisition agreement related to such Specified Acquisition, the Total Leverage Ratio shall not include any Indebtedness of the Borrower or the Guarantors to the extent that (x) such Indebtedness was incurred solely to finance such Specified Acquisition (and any related transactions) and the proceeds of such indebtedness are held as cash or cash equivalents in an escrow or equivalent arrangement (pending the consummation of such Specified Acquisition) and (y) such Indebtedness is redeemable or prepayable at no more than 101% of the principal amount thereof (plus accrued interest) in the event that the Specified Acquisition is not consummated; and (b) upon the Administrative Agent’s receipt of a written notice substantially in the form of Exhibit F hereto (a “Specified Acquisition Notice”), the Total Leverage Ratio as of the last day of any period for the four-quarter period beginning with the period in which such Specified Acquisition is consummated (such period in which the Specified Acquisition is consummated, the “Specified Acquisition Consummation Period”) and continuing through the fourth consecutive fiscal quarter ended immediately following the first day of the Specified Acquisition Consummation Period shall not exceed 4.50:1.00 (in lieu of the ratio set forth for such period above); provided that (i) the Borrower may deliver a Specified Acquisition Notice no more than three times during the life of this Agreement and (ii) after any Specified Acquisition Consummation Period, the Borrower must have a Total Leverage Ratio of no more than 4.00:1.00 for at least two consecutive fiscal quarters before the Borrower may elect to deliver a Specified Acquisition Notice for an additional time.

  • Maximum Leverage Ratio The Borrower will not permit the Leverage Ratio as of the end of any fiscal quarter to be greater than 0.55 to 1.00.