REVIEW THRESHOLD definition
REVIEW THRESHOLD means, with respect to any Mortgage Loan, that the Principal Balance of such Mortgage Loan at such time equals or exceeds 5% of the Aggregate Certificate Balance, but, in any case, at least $2.5 million.
REVIEW THRESHOLD. A Mortgage Loan having one of the then ten largest current outstanding principal balances of all Mortgage Loans in the Mortgage Pool. For this purpose, all Cross-Collateralized Loans in a Cross-Collaterized Group and groups of Mortgage Loans with the same or affiliated Borrowers will be aggregated and treated as one.
REVIEW THRESHOLD. A Mortgage Loan having a current outstanding principal balance equal to or exceeding 2% of the then current aggregate principal balance of all Mortgage Loans in the Mortgage Pool. For this purpose, in connection with any direct or indirect transfer of an ownership interest in a Borrower and any assumption of a Mortgage Loan, groups of cross-collateralized Mortgage Loans and groups of Mortgage Loans with the same or affiliated Borrowers will be aggregated and treated as one.
More Definitions of REVIEW THRESHOLD
REVIEW THRESHOLD means (a) One Hundred Thousand Dollars ($100,000) for any project that is reasonably expected to be completed as part of the 2019 Outage or in 2020, 2021 or 2022, and (b) Fifty Thousand Dollars ($50,000) for any project that is reasonably expected to be completed in 2023 or any time thereafter. For sake of clarity, the foregoing shall not limit the application of Section 2.B hereof and the cap on Southern Indiana’s liability for Unit Four Capital Expenditures contained therein.