Renewal Threshold definition

Renewal Threshold shall have the meaning assigned to such term in Paragraph 2.1 hereof.
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Renewal Threshold means Sixty Million Dollars ($60,000,000.00) of Net Sales during the twelve (12) month period ended September 30, 2015 with respect to Renewal Term 1, and Seventy-Two Million Dollars ($72,000,000.00) of Net Sales during the twelve (12) month period ended September 30, 2020 with respect to Renewal Term 2.
Sample 1

Examples of Renewal Threshold in a sentence

  • The HUD Renewal Threshold Requirements tool is used for this process, as well as integrated into the Project Rating Tool (Appendix D).

  • A detailed description of the projects the student intends to complete during the externship (if appropriate, how the projects relate to the student’s choice of thesis topic).

  • During the AOL Renewal Term, MP shall pay to AOL an amount equal to [XXXXXXXXX XXXXXXXX] of Transaction Revenues until such time as MP Revenues shall equal a sum total of [XXXXX XXXX XXXXXXX XXXXX XXXXXXXXXX] (the "AOL Renewal Threshold").

  • During the AOL Renewal Term, from and after the AOL Renewal Threshold has been met, MP shall pay to AOL an amount equal to [XXXX XXXXXXXX] of aggregate Transaction Revenues.

  • If WSL has not reached the Renewal Threshold by the expiration of the Initial Term, but has provided twelve months written notice to Rawlings of its intention to renew this Agreement and has not breached a material term of the Agreement, the parties will negotiate to reach mutually acceptable Renewal Term provisions.

  • It shall be a condition to the exercise by Hyatt Gaming of any renewal option provided in Section 2.2 hereof that the Equity Return as of the date such renewal option is exercised is equal to or greater than fifteen percent (15%) (the "Renewal Threshold").

  • The HUD Project Renewal Threshold may be found in the HUD NOFO for FY 2023 CoC Competition, Section III.

  • HMIS projects and SSO projects for a centralized or coordinated assessment system will automatically receive 10 pointsProject Renewal Threshold f.

  • Rawlings shall not be obligated, however, to renew this Agreement if the Renewal Threshold has not been reached on or before the expiration of the Initial Term of the Agreement.

  • If the sale of Products by Exxxxxx does not meet the Automatic Renewal Threshold, the parties may agree to extend the Agreement on mutually acceptable terms and conditions.

Related to Renewal Threshold

  • Alteration Threshold means an amount equal to 5% of the outstanding principal amount of the Loan.

  • Restoration Threshold means an amount equal to 5% of the outstanding principal amount of the Loan.

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

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

  • Stated Threshold means total losses under the shared loss agreements in the amount of $110,000,000.00.

  • Ownership Threshold means, with respect to any Person, Beneficial Ownership of the greater of (A) 15% of the Common Shares at any time outstanding or (B) the percentage of the outstanding Common Shares Beneficially Owned by such Person on the date of this Rights Agreement, plus in the case of this clause (B) 1% of the Common Shares outstanding on such date.

  • stipulated minimum threshold means that portion of local production and content as determined by the Department of Trade and Industry; and

  • Indemnity Threshold has the meaning set forth in Section 9.3.

  • VWAP Minimum Price Threshold means, with respect to any particular VWAP Purchase Notice, the Sale Price on the VWAP Purchase Date equal to the greater of (i) 80% of the Closing Sale Price on the Business Day immediately preceding the VWAP Purchase Date or (ii) such higher price as set forth by the Company in the VWAP Purchase Notice.

  • Micro-purchase threshold means the dollar amount at or below which a district may purchase property or services using micro-pur- chase procedures. Generally, the micro-purchase threshold for pro- curement activities administered under federal awards is not to ex- ceed the amount set by the Federal Acquisition Regulations (FAR) at 48 C.F.R. Part 2, Subpart 2.1 [see below], unless a higher threshold is requested by the district and approved by the cogni- zant agency for indirect costs.

  • Threshold means with respect to Party B: infinity.

  • Accelerated Purchase Minimum Price Threshold means, with respect to any Accelerated Purchase made pursuant to Section 2(b) hereof, any minimum per share price threshold set forth in the applicable Accelerated Purchase Notice.

  • Threshold Percentage means 15%.

  • Minimum Acceptable Price with respect to any Put Notice Date shall mean seventy-five percent (75%) of the lowest closing bid prices for the ten (10) Trading Day period immediately preceding such Put Notice Date.

  • Indemnification Threshold has the meaning set forth in Section 11.5.

  • Threshold Period shall have the meaning set forth in Section 6(d).

  • Minimum Hire Period means the Minimum Hire Period as described on the invoices, quotation, authority to hire, or any other forms as provided by the Supplier to the Client.

  • Maximum Benefit Amount means the maximum amount payable for coverage provided to You as shown in the Schedule of Benefits.

  • Minimum DSCR means, with respect to a Supplemental Loan, (i) if the Senior Indebtedness bears interest at a fixed rate, 1.25:1, or (ii) if the Senior Indebtedness bears interest at a floating rate, 1.10:1.

  • Expenditure minimum means:

  • Extension Minimum Condition means a condition to consummating any Extension that a minimum amount (to be determined and specified in the relevant Extension Request, in the Borrower’s sole discretion) of any or all applicable Classes be submitted for Extension.

  • Base Year Value means the assessed value of eligible property January 1 preceding the execution of the agreement plus the agreed upon value of eligible property improvements made after January 1 but before the execution of the agreement.

  • Minimum Tranche Amount has the meaning specified in Section 2.15(b).

  • Five Percent Owner means, in the case of a corporation, any person who owns (or is considered as owning within the meaning of Code Section 416(i)) more than five percent of the outstanding stock of the Employer or stock possessing more than five percent of the total combined voting power of all stock of the Employer. In the case of an Employer that is not a corporation, “Five Percent Owner” shall mean any person who owns or under applicable regulations is considered as owning more than five percent of the capital or profits interest in the Employer. In determining percentage ownership hereunder, employers that would otherwise be aggregated under Code Sections 414(b), (c), and (m) shall be treated as separate employers.

  • Approved Ratings Threshold means each of the S&P Approved Ratings Threshold and the Moody’s First Trigger Ratings Threshold.