Reduction Threshold definition
Examples of Reduction Threshold in a sentence
If Landlord reasonably agrees that such financial statements and other information establish that Tenant has satisfied the Reduction Threshold, then such reduction in the amount of the Security Deposit shall become effective upon Landlord’s reasonable approval.
Any such reductions shall remain in effect until PBHC delivers a report pursuant to SECTION 4.8.3 showing performance above the Rate Reduction Threshold.
The Aggregate Commitment shall not be further reduced on account of Unscheduled Mandatory Payments after the Fourth Commitment Reduction Threshold has been achieved.
GHG Emissions Percentage Reduction Percentage for Calendar Year 20___: _____ This KPI Metric is above, below or equal to the GHG Emissions Percentage Reduction Threshold for Calendar Year 20___.
If any Reduction Threshold Triggering Event occurs prior to or on the date of any such reduction, however, then the Letter of Credit Amount shall remain at the rate in effect immediately prior to the occurrence of such Reduction Threshold Triggering Event, until the date ("Final LC Expiration Date") that is one hundred twenty (120) days after the expiration of this Lease.
After the Third Commitment Reduction Threshold has been achieved and until the Fourth Commitment Reduction Threshold has been achieved, the Aggregate Commitment shall be permanently reduced by 50% of the amount of each Unscheduled Mandatory Payment, unless a permanent reduction in such amount would cause a Liquidity Shortage, in which case the amount of the reduction shall be limited to the maximum reduction in the Aggregate Commitment that can be made without causing a Liquidity Shortage.
An HMO Subsidiary or CHC may, pursuant to SECTION 13.4 audit APS's records regarding the reports listed in SECTION 12.4.2 or otherwise with respect to APS's compliance with its obligations under this Agreement; provided that without APS's consents which consent will not be unreasonably withheld, so long as APS's performance is above the Rate Reduction Threshold with respect to all HMO Subsidiaries and Operating Units, there shall be no more than two such audits during any calendar year.