Amortization Threshold definition

Amortization Threshold means the costs of the expenditure in question are in the aggregate, including all associated and related expenditures for consulting fees, permits, installment payments, etc., but excluding all applicable taxes thereon, in excess of $100,000 (which amount shall be increased by 10% at the end of every five-year period). As used herein, “Amortization Rate” means an annual interest rate equal to the greater of (1) the Prime Rate (defined below) plus 2% and (2) 7%.
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Amortization Threshold means, for any four-quarter period ending on the date set forth in the table below, the corresponding amount set forth opposite such date: Four-Quarter Period Ending Amortization Threshold 9/30/2022 $166,600,000 12/31/2022 $191,800,000 3/31/2023 $212,100,000 6/30/2023 $235,200,000 9/30/2023 $256,200,000 12/31/2023 $276,500,000 3/31/2024 $276,500,000 6/30/2024 $276,500,000 “Approved Fund” means any Fund that is administered or managed by (a) a Purchaser, (b) an Affiliate of a Purchaser or (c) an entity or an Affiliate of an entity that administers or manages a Purchaser. For purposes of clarity, any Fund with respect to which Pharmakon Advisors, LP is the investment manager shall be deemed to be an Approved Fund for all purposes hereunder
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Amortization Threshold means the Borrower continuing to maintain on the last day of each fiscal quarter of Borrower a ratio of (A) (i) cash operating expenses plus (ii) cash interest expenses arising under the Loans (but not including any fees or other consideration payable to the Agent or Lenders under the Loan Documents) plus (iii) without duplication of any interest expenses, Capital Expenditures divided by (B) Gross Profit, measured on a quarterly basis on the last day of such fiscal quarter, at levels not to exceed the thresholds in the table below: Quarter Ratio Quarter beginning April 1, 2015 4.50 Quarter beginning July 1, 2015 3.50 Quarter beginning October 1, 2015 2.60 Quarter beginning January 1, 2016 1.80 Quarter beginning April 1, 2016 1.80 Quarter beginning July 1, 2016 1.60 Quarter beginning October 1, 2016 1.30 Quarters beginning January 1, 2017, and beyond 1.00 “Anti-Terrorism Laws” are any laws relating to terrorism or money laundering, including without limitation Executive Order No. 13224 (effective September 24, 2001), the USA PATRIOT Act, the laws comprising or implementing the Bank Secrecy Act, and the laws administered by OFAC.
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Examples of Amortization Threshold in a sentence

  • The Borrower (i) fails to pay an Amortization Payment (as defined in this Note) when due as provided in Section 4.17 of this Note, and (ii) number of shares of Common Stock remaining under the Allocated Exchange Cap as allocated to the Buyer is less than the Amortization Threshold (as defined in this Note) as calculated on the date of the respective Amortization Payment.

  • For purposes of determining Borrower’s compliance with the Amortization Threshold and any other ratios and covenants hereunder, Borrower shall use the applicable Stated Rate.(c)Changes in GAAP.

  • For purposes of determining Borrower’s compliance with the Amortization Threshold and any other ratios and covenants hereunder, Borrower shall use the applicable Stated Rate.


More Definitions of Amortization Threshold

Amortization Threshold means the Borrower continuing to maintain on the last day of each fiscal quarter of Borrower a ratio of (A) (i) cash operating expenses plus (ii) cash interest expenses arising under the Loans (but not including any fees or other consideration payable to the Agent or Lenders under the Loan Documents) plus (iii) without duplication of any interest expenses, Capital Expenditures divided by (B) Gross Profit, measured on a quarterly basis on the last day of such fiscal quarter, at levels not to exceed the thresholds in the table below:
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Amortization Threshold. The definition of “Amortization Threshold” in Section 1.4 is amended and restated to read as follows:
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Amortization Threshold means the Borrower continuing to maintain, for each fiscal quarter, an Adjusted Cash Flow, measured on the last day of each fiscal quarter for the immediately concluded fiscal quarter, at levels equal to or greater than the thresholds in the table below: Quarter Adjusted Cash Flow Quarter beginning January 1, 2016 -$ 6,500,000 Quarter beginning April 1, 2016 -$ 6,300,000 Quarter beginning July 1, 2016 -$ 6,000,000 Quarter beginning October 1, 2016 -$ 4,600,000 Quarter beginning January 1, 2017 -$ 3,500,000 Quarter beginning April 1, 2017 -$ 3,900,000 Quarter beginning July 1, 2017 -$ 1,400,000 Quarter beginning October 1, 2017 $ 200,000 Quarter beginning January 1, 2018 $ 1,500,000 Quarter beginning April 1, 2018 $ 1,300,000 Quarter beginning July 1, 2018 $ 1,200,000 Quarter beginning October 1, 2018 $ 2,600,000 Quarter beginning January 1, 2019 $ 4,300,000 Quarter beginning April 1, 2019 $ 2,500,000 Quarter beginning July 1, 2019 $ 2,400,000 Quarter beginning October 1, 2019 $ 4,900,000 (Nanosphere) Second Amendment
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Related to Amortization Threshold

  • Amortization Amount means, with respect to any Principal Amount Repayment Date, the amount set forth opposite such Date on the Amortization Schedule.

  • Amortization rate means the amortization rate, as defined in Section 49-11-102, to be applied to the system that would have covered the retiree if the retiree's reemployed position were deemed to be an eligible, full-time position within that system.

  • Amortization Period means, with respect to any Series, or any Class within a Series, a period following the Revolving Period during which principal is distributed to Investor Certificateholders, which shall be the controlled amortization period, the principal amortization period, the rapid amortization period, or other amortization period, in each case as defined with respect to such Series in the related Supplement.

  • Rapid Amortization Event has the meaning given to it in Section 5.16.

  • Rapid Amortization Period means the Amortization Period commencing on the Pay Out Commencement Date and ending on the earlier to occur of (a) the Series 2001-D Termination Date and (b) the termination of the Trust pursuant to Section 12.01 of the Agreement.

  • Amortization Payment shall have the meaning set forth in Section 2(d).

  • Restoration Threshold means an amount equal to 5% of the outstanding principal amount of the Loan.

  • Amortization Date means the earliest to occur of (i) the Commitment Termination Date, (ii) the declaration or automatic occurrence of the Amortization Date pursuant to Section 7.03 and (iii) that Business Day which the Borrower designates as the Amortization Date by notice to the Administrative Agent at least five (5) Business Days prior to such Business Day.

  • Amortization Payment Date shall have the meaning set forth in Section 2(d).

  • Potential Amortization Event means an event which, with the passage of time or the giving of notice, or both, would constitute an Amortization Event.

  • Remaining Amortization Period means, at any point in time, the number of consecutive calendar months equal to the number of months in the Amortization Period minus the number of scheduled monthly installments of principal and interest that have elapsed since the date of this Note.

  • Controlled Amortization Period means, with respect to any Series, the period, if any, specified as such in the related Supplement.

  • Early Amortization Period means the period commencing on the date on which a Trust Early Amortization Event or a Series 2009-VFN Early Amortization Event is deemed to occur and ending on the Series Termination Date.

  • Accumulation Period Amount means $41,666,666.67; provided, however, if the Accumulation Period Length is determined to be less than twelve (12) months pursuant to Section 3.10(b)(ii) of the Indenture Supplement, the Accumulation Period Amount shall be the amount specified in the definition of “Accumulation Period Amount” in the Indenture Supplement.

  • Early Amortization Event means the occurrence of any of the following:

  • Capitalization Reimbursement Amount As to any Distribution Date, the amount of Advances or Servicing Advances that were added to the Stated Principal Balance of the related Mortgage Loans during the prior calendar month and reimbursed to the Master Servicer or Subservicer on or prior to such Distribution Date pursuant to Section 3.10(a)(vii), plus the Capitalization Reimbursement Shortfall Amount remaining unreimbursed from any prior Distribution Date and reimbursed to the Master Servicer or Subservicer on or prior to such Distribution Date.

  • Alteration Threshold means an amount equal to 5% of the outstanding principal amount of the Loan.

  • Managed Amortization Period means the period from the Closing Date to the Rapid Amortization Commencement Date.

  • Negative Amortization That portion of interest accrued at the Note Rate in any month which exceeds the Monthly Payment on the related Mortgage Loan for such month and which, pursuant to the terms of the Mortgage Note, is added to the principal balance of the Mortgage Loan.

  • Excess Overcollateralization Amount With respect to any Distribution Date, the excess, if any, of (a) the Overcollateralization Amount on such Distribution Date over (b) the Required Overcollateralization Amount for such Distribution Date.

  • Target Overcollateralization Amount means, with respect to any Payment Date, 3.00% of the Adjusted Pool Balance as of the Cutoff Date. Notwithstanding the foregoing, the Target Overcollateralization Amount shall not exceed the Adjusted Pool Balance on such Payment Date.

  • First Liquidation Target Amount has the meaning assigned to such term in Section 6.1(c)(i)(D).

  • Step-Down Amount means, with respect to any Distribution Date, the excess, if any, of (x) the Required Pro Forma Note Balance over (y) the Pro Forma Note Balance on such Distribution Date, calculated for this purpose only without deduction for any Step-Down Amount (i.e., assuming that the entire amount described in clause (x) of the definition of “Principal Distributable Amount” is distributed as principal on the Notes); provided, however, that the Step-Down Amount in no event may exceed the amount that would reduce the positive difference, if any, of (i) the Pool Balance minus (ii) the Pro Forma Note Balance, to an amount less than 0.50% of the initial aggregate principal balance of the Receivables.

  • Invested Amount means, as of any date of determination, an amount equal to the sum of (a) the Class A Invested Amount as of such date, (b) the Class B Invested Amount as of such date and (c) the Collateral Invested Amount as of such date.

  • Second Liquidation Target Amount has the meaning assigned to such term in Section 6.1(c)(i)(E).

  • Simplified acquisition threshold means the dollar amount below which a district may purchase property or services using small purchase methods. Districts adopt small purchase procedures in order to expedite the purchase of items at or below the simplified acquisition threshold. The simplified acquisition threshold for procurement activities administered under federal awards is set by the FAR at 48 C.F.R. Part 2, Subpart 2.1 [see below]. The district is responsible for determining an appropriate simplified acquisition threshold based on internal controls, an evaluation of risk, and its documented procurement procedures. However, in no circumstances can this threshold exceed the dollar value established in the FAR (48 C.F.R. Part 2, Subpart 2.1) for the simplified acquisition threshold. Recipients should determine if local government laws on purchasing apply. 2 C.F.R. 200.1, .320(a)(2)(ii)