Warranty Threshold definition

Warranty Threshold means the sum of (i) the warranty reserve on the financial statements of the Company as of the Closing Date, which amount shall equal $257,315 (which is the warranty reserve on the financial statements of the Company as of February 28, 2002) plus or minus, as applicable, any change in the warranty reserve on the financial statements of the Company from February 28, 2002 through the Closing Date, calculated in accordance with GAAP and consistent with the standards, principles, practices and policies used in connection with the Financial Statements, and (ii) $300,000.
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Warranty Threshold is defined in Section 6.12.
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Warranty Threshold has the meaning assigned to it in Section 7.2(a).
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Examples of Warranty Threshold in a sentence

  • C-3 (Service Commercial) zoning allows for a wide variety of commercial uses.

  • A drainage study shall he made of the proposed development area to insure proper drainage and, if necessary, additional right of way shall be obtained for drainage easement(s) as determined to be necessary or desired.

  • The foregoing provisions of this Section 4.5(b) shall not apply to any breach by the Company of the representation and warranty set forth in Section 2.15(h) of the Acquisition Agreement, and the Shareholders shall be required to indemnify the Cubist Indemnified Parties for Damages resulting from any such breach without regard to whether the aggregate Damages suffered by Cubist Indemnified Parties for which they are otherwise entitled to indemnification hereunder have exceeded the Warranty Threshold.

  • The Unknown Claims Warranty Reserve shall be funded with an amount equal to the Warranty Threshold Amount from the proceeds derived from the sale of an Approved Project if, after the sale of such Approved Project, Builder determines, in its reasonable discretion, that the proceeds from the sale of the remaining unsold Approved Projects may not be sufficient to fund the Unknown Claims Warranty Reserve with an amount equal to the Warranty Threshold Amount upon the sale of such remaining Approved Projects.

  • CBI is not liable in respect of a Warranty Claim unless the aggregate amount that the Subscribers would be entitled to recover, but for this clause 19.6, in relation to all Warranty Claims is at least the Warranty Threshold Amount but once the amount of the Claim exceeds the Warranty Threshold Amount in aggregate then the Subscribers may claim for the whole of that amount and not merely the excess.

  • Selection and testing of Altro Screed 4mm static-dissipativeThere is currently no single British Standard that is universally applicable to all industries and all requirements for static controlled flooring.

  • Sellers shall be obligated to promptly pay to Buyer the amount of all Warranty Claims in excess of the Warranty Threshold irrespective of whether such amounts may be potentially covered by insurance.

  • If the amount of Warranty Expenses exceeds the Third Warranty Threshold, the Buyers shall provide notice to Dynatech that the Buyers' Warranty Expenses have exceeded the Third Warranty Threshold and the Sellers shall, within 30 days after receipt of such notice, reimburse the Buyers for 100% of such costs in excess of the Third Warranty Threshold.

  • In the event that the amount of Warranty Expenses exceeds the Second Warranty Threshold, the Buyers shall provide notice to Dynatech that the Buyers' Warranty Expenses have exceeded the Second Warranty Threshold and the Sellers shall, within 30 days after receipt of such notice, reimburse the Buyers for 75% of such costs in excess of the Second Warranty Threshold (up to $175,000 of Warranty Expenses (the "Third Warranty Threshold")).

  • Within ten (10) days after the end of each month following the Closing, Buyer shall provide an invoice to Seller for such excess over the Warranty Threshold Amount.


More Definitions of Warranty Threshold

Warranty Threshold has the meaning set forth in Section 6.17(c).
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Warranty Threshold means $250,000 in the aggregate.
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Related to Warranty Threshold

  • 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.

  • Threshold means with respect to Party B: infinity.

  • Minimum Threshold means the average daily yield on the 10 Year Treasury Note (as reported in the Bloomberg GT10 index) over the Award Period.

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

  • Micro-purchase threshold means the dollar amount at or below which a district may purchase property or services using micro-pur- chase procedures. Generally, the micro-purchase threshold for pro- curement activities administered under federal awards is not to ex- ceed the amount set by the Federal Acquisition Regulations (FAR) at 48 C.F.R. Part 2, Subpart 2.1 [see below], unless a higher threshold is requested by the district and approved by the cogni- zant agency for indirect costs.

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

  • Minimum Takedown Threshold shall have the meaning given in Section 2.1.4.

  • VWAP Minimum Price Threshold means, with respect to any particular VWAP Purchase Notice, the Sale Price on the VWAP Purchase Date equal to the greater of (i) 80% of the Closing Sale Price on the Business Day immediately preceding the VWAP Purchase Date or (ii) such higher price as set forth by the Company in the VWAP Purchase Notice.

  • 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.

  • Indemnification Threshold has the meaning set forth in Section 11.5.

  • Stated Threshold means total losses under the shared loss agreements in the amount of $110,000,000.00.

  • Threshold Percentage means 15%.

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

  • Valuation Cap means a pre-money valuation of US $27,500,000.

  • Dividend Threshold Amount has the meaning set forth in Section 5.04(a).

  • emission limit value means the mass, expressed in terms of certain specific parameters, concentration and/or level of an emission, which may not be exceeded during one or more periods of time;

  • Deductible Amount means, with respect to any Insuring Agreement, the amount set forth under the heading “Deductible Amount” in Item 3 of the Declarations or in any Rider for such Insuring Agreement, applicable to each Single Loss covered by such Insuring Agreement.

  • Final Price means (a) in the case of any Terminated Obligation, the amount determined pursuant to Clause 4, and (b) in the case of any Repaid Obligation, the amount determined pursuant to Clause 5, and

  • Step-Down Amount means, with respect to any Distribution Date, the excess, if any, of (x) the Required Pro Forma Note Balance over (y) the Pro Forma Note Balance on such Distribution Date, calculated for this purpose only without deduction for any Step-Down Amount (i.e., assuming that the entire amount described in clause (x) of the definition of “Principal Distributable Amount” is distributed as principal on the Notes); provided, however, that the Step-Down Amount in no event may exceed the amount that would reduce the positive difference, if any, of (i) the Pool Balance minus (ii) the Pro Forma Note Balance, to an amount less than 0.50% of the initial aggregate principal balance of the Receivables.

  • 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).

  • Indemnity Amount means the amount of any indemnification obligation payable under the Basic Documents.

  • Indemnity Cap has the meaning set forth in Section 9.2(b).

  • Liability Cap has the meaning ascribed to it in paragraph 1 of Schedule 9;

  • Broken Amount means, in respect of any Interest Payment Date, the amount specified in the relevant Final Terms.

  • M&O Amount means the revenue protection payment required as part of this Agreement as set out in TEXAS EDUCATION CODE Section 48.256(d) and shall have the meaning assigned to such term in Section 4.2 of this Agreement.