Threshold definition
Examples of Threshold in a sentence
Any purported delivery hereunder shall be void and have no effect to the extent (but only to the extent) that, after such delivery, (i) the Share Amount would exceed the Post-Effective Limit (ii) the Section 16 Percentage would exceed 4.9% or (iii) Party A Group would directly or indirectly so beneficially own in excess of the Threshold Number of Shares.
The Borrower shall cause the Aggregate Loan Amount to exceed the Minimum Funding Threshold at all times.
If the applicable Development and Regulatory Milestone Event is achieved after the end of the U.S. P&L Share Term and Vir Bio has not achieved the Limited Funding Threshold at such time, then Company will pay Vir Bio the following corresponding Development and Regulatory Milestone Payment (“Opt-Out Development and Regulatory Milestone Payment”) for such Development and Regulatory Milestone Event.
If the applicable Sales Milestone Event is achieved after the end of the U.S. P&L Share Term and Vir Bio has achieved the Limited Funding Threshold at such time, then Company will pay Vir Bio the following Sales Milestone Payment (“Limited Funding Sales Milestone Payment”) for such Sales Milestone Event.
The maximum amount payable by Company pursuant to this Section 9.2.3(iii) (Profit/Loss Share Not in Effect and Limited Funding Threshold Not Met) is [***].