Initial Threshold definition

Initial Threshold has the meaning given in clause 4.2;

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Initial Threshold means, at any time, the sum of (i) $175,000,000 plus (ii) an amount equal to 50% of Consolidated Net Income (if positive) for each fiscal quarter of the Borrower commencing with the fiscal quarter ending September 30, 2002 plus (iii) an amount equal to 75% of net proceeds of any public equity offering by the Borrower or any Subsidiary after the date hereof.

Initial Threshold shall have the meaning set forth in Section 6.3(c).

Examples of Initial Threshold in a sentence

• Upon the occurrence of a Change of Control when the Trigger Event Price is equal to or greater than $38.00 but less than $46.00, a number of Designated Shares equal to the greater of (i) the Trigger Event Shares or (ii) the unvested Initial Threshold Shares if a 40% Qualification Event has previously occurred plus the unvested Second Threshold Shares if a 100% Qualification Event has previously occurred, will vest immediately, and the remaining Designated Shares shall be forfeited immediately.

• Upon the occurrence of your Death or Disability when the Trigger Event Price is equal to or greater than $38.00 but less than $46.00, a number of Designated Shares equal to the greater of (i) the Trigger Event Shares or (ii) the unvested Initial Threshold Shares if a 40% Qualification Event has previously occurred plus the unvested Second Threshold Shares if a 100% Qualification Event has previously occurred, will vest immediately, and the remaining Designated Shares shall be forfeited immediately.

• In the event of a 40% Qualification Event, 40% of the Designated Shares (the “Initial Threshold Shares”) will vest as follows: One-fifth of the number of Initial Threshold Shares will vest on each of the first five anniversaries of the date on which the 40% Qualification Event occurred.

• If a Qualified Employment Termination occurs after the occurrence of a 100% Qualification Event, on the date of the Qualified Employment Termination, a number of shares equal to one-fifth of the Initial Threshold Shares and one-seventh of the Second Threshold Shares will vest immediately, and the remaining unvested Designated Shares shall be forfeited.

• As used above, "Initial Threshold Amount" means the aggregate of the number of Investor Shares and the number of Investor Warrant Shares issuable under the Investor A Warrant (as if issued on the Closing Date).

More Definitions of Initial Threshold

Initial Threshold means that percentage of the Outstanding Voting Power equal to the percentage of the Company Voting Securities beneficially owned by the Investor as of the Closing (as defined in the Purchase Agreement), after giving effect to the transactions contemplated by the Purchase Agreement and the Merger Agreement (as defined in the Purchase Agreement).

Initial Threshold has the meaning set forth in Section 7.2(b).

Initial Threshold has the meaning Clause 3.3;

Initial Threshold has the meaning set forth in Section 1.05(d).

Initial Threshold means twenty percent (20%).

Initial Threshold means the dollar amount listed as the “Initial Threshold” on Section 1.05 of the Disclosure Schedule.

Initial Threshold has the meaning set forth in Section 8.4(c).