Operating Threshold definition

Operating Threshold means the Facilities are operating at a monthly average availability factor of at least 80%.
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Examples of Operating Threshold in a sentence

  • The PIK Interest Period shall terminate if the EPC Agreement terminates, except where such termination is the result of a change in Environmental Laws following which the Facilities are operating at or above the Operating Threshold and in material compliance with Environmental Laws.

  • The Operating Threshold shall be met if NEWCO’s average monthly Gross Profit for any two consecutive Calendar Quarters (as defined below) is equal to or greater than the Operating Threshold in effect during such Calendar Quarters.

  • Traffix hereby warrants and represents that while the Contingent Purchase Price is subject to determination in accordance with this Agreement it shall make available for use by Purchaser working capital in an amount equal to at least the Minimum Working Capital as required by the terms hereof, provided that the applicable Operating Threshold is met (as determined in accordance with Section 7.7).