Threshold Amount definition
Examples of Threshold Amount in a sentence
So long as no Event of Default exists, Agent agrees to remit proceeds of insurance not to exceed the Threshold Amount received by Agent to a Loan Party and such Loan Party shall use such proceeds solely for the purchase or replacement of the damaged or destroyed Collateral.
There is entered against any Loan Party (i) one or more final judgments or orders for the payment of money in an aggregate amount (as to all such judgments and orders) exceeding the Threshold Amount (to the extent not covered by independent third-party insurance [***] = Certain information contained in this document, marked by brackets, has been omitted because it is both not material and would be competitively harmful if publicly disclosed.
Except as set forth on the Schedule of Exceptions hereto, there is no litigation, tax claim, proceeding or dispute pending, or, to the knowledge of Borrower, threatened in writing against or affecting Borrower, its property or the conduct of its business that, in individually or in the aggregate, could reasonably be expected to result in liability or damages to Borrower in excess of the Threshold Amount.