Tenant’s Financial Threshold Requirements definition

Tenant’s Financial Threshold Requirements means Tenant’s satisfaction of the following as evidenced in any year’s publicly-filed 10K/Annual Report: Tenant attaining a positive net income of at least Two Million and 00/100 Dollars ($2,000,000.00) for two consecutive years. In the event Tenant is required to obtain and deliver the Letter of Credit, such Letter of Credit shall be permanently terminated and released on the first day on which Tenant satisfies Tenant’s Financial Threshold Requirements and no letter of credit shall thereafter be required. Within ten (10) business days following Landlord’s receipt of Tenant’s invoice (which invoice shall include reasonable evidence of such charges) Landlord shall reimburse to Tenant fifty percent (50%) of Tenant’s reasonable transaction costs associated with the issuance of the Letter of Credit, including by way of example but without limitation, the fees and charges assessed by the bank or lender issuing the Letter of Credit. On each anniversary of the issuance of the Letter of Credit, the then-existing amount of the Letter of Credit shall be reduced by ten percent (10%). Landlord agrees that, subject to the conditions listed below, the Initial Security Deposit will be released from the Temporary Lease and applied to the Permanent Lease within forty-five (45) days of vacancy of the Temporary Lease. Tenant agrees that the Initial Security Deposit and the Additional Security Deposit may not be applied by Tenant as rent and that the full monthly rent will be paid on or before the first day of every month, including the last month of occupancy. Landlord agrees that, subject to the conditions listed below, the Initial Security Deposit will be returned in full within forty-five (45) days of vacancy. The Initial Security Deposit may only be applied to cure defaults by Tenant, or used by Landlord to repair property damage caused by Tenant beyond reasonable wear and tear; provided, however, it is understood and agreed that the Additional Security Deposit may only be used to cure financial defaults by Tenant and applied by the Landlord in the event Landlord properly terminates the Permanent Lease as a result of Tenant’s defaults of said lease (to the extent the Letter of Credit has not already been terminated and released as a result of Tenant’s satisfaction of Tenant’s Financial Threshold Requirements). Tenant further agrees that a mortgagee of the property demised by the Lease to which this Security Deposit Agreement is appended and/or a mortgagee thereof in pos...

Related to Tenant’s Financial Threshold Requirements

  • Minimum Balance Requirements You must maintain a minimum daily balance of $2,000.00 in your Money Market Savings account to obtain the disclosed annual percentage yield. We impose a monthly maintenance fee if the balance falls below $500 any day of the month. Basic Checking Account Rate Information: This account does not pay interest.

  • Minimum Requirements means the minimum requirements for available commercial structures. The minimum requirements may be found at this link: https://portlandgeneral.com/energy- choices/renewable-power/green-future-impact The minimum requirements may be updated from time to time to reflect PGE’s criteria from its latest Commission accepted renewable request for proposals.

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

  • FILOT Act Minimum Investment Requirement means, with respect to the Project, an investment of at least $2,500,000 by the Company, or of at least $5,000,000 by the Company and any Sponsor Affiliates in the aggregate, in Economic Development Property.

  • Mandatory City Requirements means those City laws set forth in the San Francisco Municipal Code, including the duly authorized rules, regulations, and guidelines implementing such laws that impose specific duties and obligations upon Contractor.

  • Minimum Capital Requirement means the Minimum Capital Requirement, the minimum group Solvency Capital Requirement or other minimum capital requirements (as applicable) referred to in the Relevant Rules;

  • Capital Requirements means, as to any person, any matter, directly or indirectly, (i) regarding capital adequacy, capital ratios, capital requirements, the calculation of such person’s capital or similar matters, or (ii) affecting the amount of capital required to be obtained or maintained by such person or any person controlling such person (including any direct or indirect holding company), or the manner in which such person or any person controlling such person (including any direct or indirect holding company), allocates capital to any of its contingent liabilities (including letters of credit), advances, acceptances, commitments, assets or liabilities.

  • REIT Requirements has the meaning set forth in Section 5.2.

  • Contract Minimum Investment Requirement means, with respect to the Project, investment by the Company and any Sponsor Affiliates of at least $10,000,000 in Economic Development Property subject (non-exempt) to ad valorem taxation (in the absence of this Fee Agreement).

  • 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.

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

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

  • MREL Requirements means the laws, regulations, requirements, guidelines, rules, standards and policies relating to minimum requirements for own funds and eligible liabilities applicable to the Issuer and/or the Group, from time to time, (including any applicable transitional or grandfathering provisions), including, without limitation to the generality of the foregoing, any delegated or implementing acts (such as regulatory technical standards) adopted by the European Commission and any regulations, requirements, guidelines, rules, standards and policies relating to minimum requirements for own funds and eligible liabilities adopted by the Federal Republic of Germany or the Republic of Italy, a relevant resolution authority or the European Banking Authority from time to time (whether or not such requirements, guidelines or policies are applied generally or specifically to the Issuer and/or the Group), as any of the preceding laws, regulations, requirements, guidelines, rules, standards, policies or interpretations may be amended, supplemented, superseded or replaced from time to time.

  • Regulatory Capital Requirements means any applicable capital resources requirement or applicable overall financial adequacy rule required by the Relevant Regulator, as such requirements or rule are in force from time to time;

  • Pretreatment requirements means any substantive or procedural requirement related to pretreatment, other than a pretreatment standard, imposed on an industrial user.

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

  • 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.

  • Normal Minimum Generation means the lowest output level of a generating resource under normal operating conditions.

  • Governmental Real Property Disclosure Requirements means any Requirement of Law of any Governmental Authority requiring notification of the buyer, lessee, mortgagee, assignee or other transferee of any Real Property, facility, establishment or business, or notification, registration or filing to or with any Governmental Authority, in connection with the sale, lease, mortgage, assignment or other transfer (including any transfer of control) of any Real Property, facility, establishment or business, of the actual or threatened presence or Release in or into the Environment, or the use, disposal or handling of Hazardous Material on, at, under or near the Real Property, facility, establishment or business to be sold, leased, mortgaged, assigned or transferred.

  • 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.

  • Design requirements means the written description of the infrastructure facility to be procured pursuant to this article, including:

  • Project Requirements means the statement included in the Request for Proposal detailing the technical and other requirements of Canada which are to be met by the successful Bidder, and which are to be addressed in the Bid;

  • Permitted Capital Expenditures has the meaning given that term in Section 9.12(b).

  • Applicable effluent standards and limitations means all State and Federal effluent standards and limitations to which a discharge is subject under the Act, including, but not limited to, effluent limitations, standards of performance, toxic effluent standards and prohibitions, and pretreatment standards.

  • Storage Injection Requirements means all volumes required by the Seller for injection into underground storage, including cushion gas, and for liquification, including fuel used for injection and in liquification plants, or for such other storage projects that may be developed expressly for the protection of supply to high priority users.