De Minimis Threshold definition
Examples of De Minimis Threshold in a sentence
As a result of the foregoing, Holders and Beneficial Owners of ADRs will not have voting rights (i) with respect to the number of ADRs they hold or own representing Shares above the De Minimis Threshold for which the Required Beneficial Owner Information is not, or is not able to be, provided or (ii) for their ADRs representing Shares with respect to which inaccurate Required Beneficial Owner Information is provided.
For the avoidance of doubt, Purchaser Losses not in excess of the De Minimis Threshold shall not be aggregated for purposes of calculating the Deductible pursuant to clause (ii) above.
Notwithstanding anything in this Agreement to the contrary, the indemnification obligations of the Holdco Group Members under Section 10.1(i) shall be subject to the limitations set forth in this Section 14.3 (including with respect to the De Minimis Threshold, Deductible and Cap) and shall survive only until the date that is nine months after the Closing Date.
Filtration shall be entitled to all Refunds related to Taxes the liability for which is allocated to Filtration pursuant to this Agreement; provided, however, Cummins shall not be obligated to pay Filtration for any single Refund or aggregated Refunds until the amount of such Refunds exceeds $25,000 ("De Minimis Threshold").
Upon exceeding the De Minimis Threshold, the entire amount of such Refunds from the first dollar shall be payable to Filtration.