Default Threshold definition

Default Threshold shall have the meaning specified in the Fee Letter.

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Default Threshold means $25,000,000 (or its equivalent in the relevant currency of payment).

Default Threshold means $10,000,000 (or its equivalent in the relevant currency of payment).

Examples of Default Threshold in a sentence

Seller shall at all times comply (i) with its organizational documents, (ii) in all material respects, with any agreements by which it is bound or to which its assets are subject unless such non-compliance, in the aggregate (x) is with respect to any amount which is less than the Default Threshold or (y) would not be reasonably likely to have a Material Adverse Effect and (iii) in all material respects, with any Requirement of Law.
Guarantor shall promptly, and in any event within three (3) Business Days after obtaining Knowledge thereof, notify Purchaser of any default or event of default (or similar event) on the part of Guarantor under any Indebtedness or other material contractual obligations of Guarantor in an amount that is, in the aggregate, greater than the Default Threshold.

More Definitions of Default Threshold

Default Threshold has the meaning set forth in the Purchase and Sale Agreement.

Default Threshold shall have the meaning specified in the Fee Letter or, with respect to Originator, $10,000,000.

Default Threshold means the amount specified as such in the Special Provisions in respect of a party or, in the absence of such specification, 1 per cent, of such party's equity (meaning the sum of its capital, capital funds, reserve fund, indivisible fund and other profit funds, economic results of previous periods and economic results of the current accounting year, determined in accordance with generally accepted accounting principles applicable to that party, as reported in its most recent published audited financial statements);

Default Threshold means, as at any time, the greater of (i) US$50,000,000, and

Default Threshold means: (a) in relation to Cancellations, the percentage specified in Part 2(a)(iii) of Schedule 3 and, in relation to Total Cancellations, the percentage specified in Part 2(b)(iii) of Schedule 3, in each case of Trains which are scheduled to be provided under the Enforcement Timetable in the relevant Reporting Period; and (b) in relation to Planned Capacity, the percentage specified in Part 2(c)(iii) of Schedule 3, of the aggregate of the Planned Capacity of each relevant Train in the relevant Reporting Period; as the same may be varied in accordance with the terms of this Agreement.

Default Threshold. Defined in the Fee Letter, which definition is incorporated herein by reference.

Default Threshold means for any Determination Date: (i) 2.00% on or prior to the Determination Date in October 2005, (ii) 2.25% on or prior to the Determination Date in October 2006 and (iii) 2.75% after October 2006.