Sustainability Metric Election Threshold definition

Sustainability Metric Election Threshold means, with respect to any Reference Year listed in the first column of the table set forth below, the percentage of the Sustainability Metric 2019 Baseline specified opposite such Reference Year in the table below and with respect to any Reference Year thereafter, as provided in Section 1.08(f). Reference Year Percentage of Sustainability Metric 2019 Baseline 2022 94% 2023 91% 2024 88%
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Sustainability Metric Election Threshold means, with respect to any Specified Test Year of the Borrower listed in the first column of the table set forth below, the percentage change specified opposite such Specified Test Year in either (a) the second column of the table below (such change specified in such column, the “Level 1 Sustainability Metric Election Threshold”) or (b) the third column of the table below (such change specified in such column, the “Level 2 Sustainability Metric Election Threshold”). Specified Test Year ending December 31 of Required Sustainability Metric Reduction for Level 1 Sustainability Metric Election Threshold Required Sustainability Metric Reduction for Level 2 Sustainability Metric Election Threshold 2021 -1.00 % -2.50 % 2022 -2.00 % -5.00 % 2023 -3.00 % -7.50 % 2024 -4.00 % -10.00 % 2025 and thereafter -5.00 % -12.50 % For purposes hereof, (i) the Level 1 Sustainability Metric Election Threshold for any Specified Test Year shall be satisfied if the Sustainability Metric for such Specified Test Year is a negative number the absolute value of which is (x) equal to or greater than the absolute value of such Level 1 Sustainability Metric Election Threshold but (y) less than the absolute value of the Level 2 Sustainability Metric Election Threshold for such Specified Test Year, and (ii) the Level 2 Sustainability Metric Election Threshold for any Specified Test Year shall be satisfied if the Sustainability Metric for such Specified Test Year is a negative number the absolute value of which is equal to or greater than the absolute value of such Level 2 Sustainability Metric Election Threshold. Any reference herein to any level of the Sustainability Metric Election Threshold for any Specified Test Year shall mean a reference to the Level 1 Sustainability Metric Election Threshold and/or the Level 2 Sustainability Metric Election Threshold for such Specified Test Year, as the context may require.
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Sustainability Metric Election Threshold means, with respect to any Specified Test Year of the Borrower listed in the first column of the table set forth below, the percentage change specified opposite such Specified Test Year in the second column of the table below (such change specified in such column, the “Sustainability Metric Election Threshold”). Specified Test Year ending December 31 of Required Sustainability Metric Reduction 2022 -2.00 % 2023 -3.00 % 2024 -4.00 % 2025 and thereafter -5.00 % For purposes hereof, the Sustainability Metric Election Threshold for any Specified Test Year shall be satisfied if the Sustainability Metric for such Specified Test Year is a negative number the absolute value of which is equal to or greater than the absolute value of such Sustainability Metric Election Threshold.
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Examples of Sustainability Metric Election Threshold in a sentence

  • As of December 31 of the Specified Test Year, the Sustainability Metric was not less than the Sustainability Metric Election Threshold.


More Definitions of Sustainability Metric Election Threshold

Sustainability Metric Election Threshold means, with respect to any fiscal year of the Parent Borrower listed in the first column of the table set forth below, a percentage equal to the sum of the Sustainability Metric 2020 Baseline, plus the number of percentage points specified opposite such fiscal year in the table below.
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Sustainability Metric Election Threshold means, with respect to any fiscal year of the Borrowers listed in the first column of the table set forth below, the percentage change from the Sustainability Metric Baseline specified opposite such fiscal year in the table below:
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Sustainability Metric Election Threshold means, with respect to any Specified Test Year of the Borrower listed in the first column of the table set forth below, the percentage change specified opposite such Specified Test Year in the second column of the table below (such change specified in such column, the “Sustainability Metric Election Threshold”). 29
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Sustainability Metric Election Threshold means, with respect to any fiscal year of the Borrower listed in the first column of the table set forth below, a percentage equal to the sum of the Sustainability Metric 2018 Baseline, plus the number of percentage points specified opposite such fiscal year in the table below. Fiscal Year Sustainability Metric Growth Percentage 2019 3.00 % 2020 6.00 % 2021 9.00 % 2022 12.00 % 2023 and thereafter 16.00 % 15 For purposes of calculating the Unsecured Leverage Ratio, the aggregate amount of all unrestricted cash and cash equivalents on such date deducted from Enterprise Unsecured Debt pursuant to the definition of Enterprise Total Indebtedness shall exclude the aggregate amount of all unrestricted cash and cash equivalents deducted from Enterprise Secured Debt pursuant to the definition of Enterprise Total Indebtedness for the purpose of determining the Secured Debt Ratio as of the Statement Date. A. The Sustainability Metric 2018 Baseline: _____%
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Related to Sustainability Metric Election Threshold

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