Target Floor definition

Target Floor means Five Hundred One Thousand and No/100 Dollars ($501,000.00).
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Examples of Target Floor in a sentence

  • The CGM Target consists of a range of cash gross margin performance for the applicable quarter with the bottom of the range constituting the CGM Target Floor and the top of the range constituting the CGM Target Ceiling.

  • Landlord has not promised that any existing lessee will surrender any portion of a Target Floor on or before any particular date.

  • If the Achieved CGM is below the CGM Target Floor for the Eligible Tranche, then none of the Performance RSUs in that Eligible Tranche will vest that quarter.

  • Example: Assume: (i) the 09B Cash Gross Margin is [*]%, and accordingly the CGM Target Floor is [*]% and the CGM Target Ceiling is [*]%; (ii) in the first fiscal quarter of 2009 the Company achieves revenue of [*] with a Cash Gross Margin of [*]%; and (iii) that no Revenue Target was met in the fourth fiscal quarter of 2008 (and thus no Performance RSUs have yet vested).

  • Each Target Floor leased to Tenant shall become a part of the Premises and shall be leased to Tenant pursuant to an amendment to this Lease (the “Option Amendment”).

  • Projected National Medicare Total Cost of Care per Beneficiary Growth Target Floor for Performance Year 1.

  • For avoidance of doubt, if the Working Capital at Completion is equal to an amount between the Working Capital Target Floor and Working Capital Target Ceiling, inclusive, there will be no adjustment to purchase price.

  • For avoidance of doubt, if the Estimated Working Capital is equal to an amount between the Working Capital Target Floor and Working Capital Target Ceiling, inclusive, there will be no adjustment to Purchase Price.

  • For clarity, as an example, if the Option Notice specifies that Tenant will lease two (2) Floors, but Landlord determines that only one (1) Target Floor will be vacant and available for delivery to Tenant within eighteen (18) months of the giving of the Option Notice, then Tenant shall lease the one available Target Floor and Landlord shall have no further obligation to lease any other Target Floor to Tenant.

  • If the Option is exercised, then each Target Floor leased to Tenant pursuant to such exercise shall be an “Option Space”.