AD THRESHOLD definition
Examples of AD THRESHOLD in a sentence
Lessor shall bear and pay the amount of such AD Cost greater than the AD Threshold but less than or equal to the Excess AD Costs Threshold.
Enter into any arrangement, contract or transaction: • not provided for in the Business Plan; • which is outside the normal course of its business; or • which is otherwise than on arm’s length terms, above the Relevant Corresponding AD Threshold.
Incur any borrowings (other than from the Council), raise finance or issue any loan capital above the Relevant Corresponding AD Threshold.
Make any loan (other than by way of deposit with a bank or other institution the normal business of which includes the acceptance of deposits) or grant any credit (other than in the normal course of trading) or give any guarantee (other than in the normal course of trading), above the Relevant Corresponding AD Threshold.
Conduct any litigation material to the Company (involving a contingent liability in excess of the Relevant Corresponding AD Threshold) save for: • the collection of debts arising in the ordinary course of business carried on by the Company; and • any application for an interim injunction or other application or action (including interim defence) which is urgently required in the best interests of the Company in circumstances in which it is not reasonably practicable to obtain prior consent.