Minimum Funding Threshold definition

Minimum Funding Threshold means an amount equal to the lesser of (a) seventy five percent (75%) of the Facility Limit and (b) the Borrowing Base.

Minimum Funding Threshold means an amount equal to the lesser of (a)(i) beginning on the Closing Date until (but not including) June 25, 2021, zero percent (0%) and (ii) on and after June 25, 2021, seventy five percent (75%) of the Facility Limit and (b) the Borrowing Base.

Minimum Funding Threshold means, at any time of determination, the amount that is equal to the lesser of (a) sixty percent (60%) of the Facility Limit at such time and (b) the Borrowing Base at such time.

Examples of Minimum Funding Threshold in a sentence

• However, we may meet our Minimum Funding Threshold, close on committed purchases and have access to investor funds before we obtain the total funding that we expect will be required to complete all of our business plans.

• Zapata Off-Shore Co., 407 U.S. 1 (1972); see NYGH, supra note 5, at 21 (citing to a 1958 federal appellate case rejecting party choice of exclusive forum and crediting Bremen for reversing this restrictive approach).656 Wisconsin International Law Journal has considerable acceptance, other courts are tending to adopt a more hospitable attitude toward forum-selection clauses.

• If the Total Eligible Incentive Pool for managed care falls below the minimum funding threshold in any performance quarter, the Performance Period Incentive Amount for that performance quarter will be re-calculated based on the formula: Minimum Funding Threshold / Service Utilization = Performance Period IncentiveAmount.

• Exhibit may set-off against any credit owed to the Customer any amount owing by the Customer to Exhibit.

• Normally, an aircraft should land and take-off into the wind unless safety, the runway configuration, meteorological conditions, available instrument approach procedures or air traffic conditions determine that a different direction is preferable.

More Definitions of Minimum Funding Threshold

Minimum Funding Threshold means, on any day, an amount equal to the lesser of (a) the product of (i) 85.00% times (ii) the Facility Limit at such time and (b) the Borrowing Base at such time.

Minimum Funding Threshold set forth in Section 1.01 of the Original Receivables Financing Agreement is hereby deleted and replaced in its entirety with the following:

Minimum Funding Threshold means an amount equal to the lesser of (a) $150,000,000 and (b) the Borrowing Base at such time.

Minimum Funding Threshold means (i) on any day prior to the ninetieth (90th) day following the Closing Date, $0 and (ii) on any day on and after the ninetieth (90th) day following the Closing Date, an amount equal to the lesser of (a) the product of (x) 80.00% times (y) the Facility Limit at such time and (b) the Borrowing Base at such time.

Minimum Funding Threshold means, on any day, an amount equal to the lesser of (a) the product of (i) 75.00% times (ii) the Facility Limitaggregate Commitment of all Purchasers at such time and (b) the Capital Coverage Amount at such time; provided, that the Seller may no more than one time per calendar year, reduce the percentage set forth in clause (a)(i) above to a lower percentage for a period of up to thirty consecutive calendar days, so long as both (x) the Seller has delivered no less than fifteen days’ prior written request therefore to the Administrative Agent and each Purchaser and (y) the Administrative Agent and each Purchaser have provided written consent thereto (such consent to be provided or withheld in the sole discretion of such Person); provided, however, that if the Administrative Agent or any Purchaser fails to so notify the Seller, the Administrative Agent or such Purchaser, as the case may be, shall be deemed to have declined such request.

Minimum Funding Threshold means $50,000,000.

Minimum Funding Threshold means an amount equal to or greater than the lesser of (a) 60.00% of the Facility Limit and (b) the Borrowing Base.