Initial Threshold means, at any time, the sum of (i) $175,000,000 plus (ii) an amount equal to 50% of Consolidated Net Income (if positive) for each fiscal quarter of the Borrower commencing with the fiscal quarter ending September 30, 2002 plus (iii) an amount equal to 75% of net proceeds of any public equity offering by the Borrower or any Subsidiary after the date hereof.
Initial Threshold has the meaning set forth in Section 7.2(b).
Initial Threshold means that percentage of the Outstanding Voting Power equal to the percentage of the Company Voting Securities beneficially owned by the Investor as of the Closing (as defined in the Purchase Agreement), after giving effect to the transactions contemplated by the Purchase Agreement and the Merger Agreement (as defined in the Purchase Agreement).
Examples of Initial Threshold in a sentence
Nothing in this Section 2.11.3 shall be deemed to restrict the ability of the General Partner (and its Affiliates) and/or Consenting Partners to lend funds to or make Investments (of the type permitted hereunder) prior to the date the Initial Threshold is achieved pursuant to Section 2.3.
Each Consenting Partner shall (i) fund its pro rata share (based on the Capital Commitments of all Consenting Partners) of the aggregate Capital Contribution required in connection with such Capital Call Notice and (ii) be admitted as a Limited Partner as of the Contribution Due Date set forth in such Capital Call Notice notwithstanding that the Fund has not received Capital Commitments in an amount equal to the Initial Threshold.
More Definitions of Initial Threshold
Initial Threshold shall have the meaning set forth in Section 6.3(c).
Initial Threshold has the meaning given in clause 4.2;
Initial Threshold has the meaning Clause 3.3;
Initial Threshold means the dollar amount listed as the “Initial Threshold” on Section 1.05 of the Disclosure Schedule.
Initial Threshold has the meaning set forth in Section 1.05(d).
Initial Threshold means twenty percent (20%).
Initial Threshold means the dollar amount listed as the “Initial Threshold” on Section 1.05 of the Disclosure Schedule. “Key Customer” means each Person listed as a “Key Customer” on Section 1.05 of the Disclosure Schedule.