Excess Threshold definition

Excess Threshold means ten million Dollars ($10,000,000) annually, determined in the aggregate (and based on absolute value) with respect to all instances in this Agreement where such term is used; provided that any action, project or expenditure that is approved or ratified by the Board of Directors shall not reduce or count against this ten million Dollar ($10,000,000) figure.
View Source
Excess Threshold means $10 million annually, determined in aggregate (and based on absolute value) with respect to all instances where such term is used in the JV agreement (except that any action, project or expenditure that is approved or ratified by the board of the Joint Venture will not reduce or count against such figure).
View Source
Excess Threshold means 5% of a Participant’s Program Compensation for such Award Year.
View Source

Examples of Excess Threshold in a sentence

  • Each Stockholder shall vote the number of Excess Threshold Shares held by such Stockholder in the manner set forth in the preceding sentence.

  • Regardless of when an Excess Threshold Transfer occurs, from and after the occurrence of an Excess Threshold Transfer, Lessee shall cause Guarantor and Parent to maintain a "Corporate Fixed Charge Coverage Ratio" (as defined below) of not less than 1.20 to 1.

  • The number of Excess Threshold Shares held by a Stockholder shall equal the multiple of (i) the total Excess Threshold Shares, and (ii) the quotient determined by dividing (x) the Stockholder Shares held by such Stockholder, by (y) the total number of Stockholder Shares.

  • If at any time, other than in the circumstances in which the immediately preceding sentence applies, the sum of the outstanding balance of the Revolving Loan plus the Swing Line Loan exceeds the Excess Threshold Amount, Borrowers shall immediately repay the aggregate outstanding Revolving Credit Advances to the extent required to eliminate such excess.


More Definitions of Excess Threshold

Excess Threshold. AMOUNT shall have the meaning given to it in Section 1.3(2)(a).
View Source

Related to Excess Threshold

  • Minimum Threshold means the average daily yield on the 10 Year Treasury Note (as reported in the Bloomberg GT10 index) over the Award Period.

  • Bid threshold means the dollar amount set in N.J.S.A. 18A:18A-3, above which a Board shall advertise for and receive sealed bids in accordance with procedures set forth in N.J.S.A. 18A:18A-1 et seq.

  • Minimum Takedown Threshold shall have the meaning given in Section 2.1.4.

  • Restoration Threshold means, with respect to each Individual Property, an amount equal to 5% of the outstanding principal amount of the Allocated Loan Amount attributable to such Individual Property.

  • Threshold Percentage means 15%.