Required Levels definition

Required Levels has the meaning set forth in Section 3.2(c). "Restructuring Effective Date" shall mean the later of: the "Effective Date" under and as defined in the Amended and Restated Power Purchase Agreement and the "Effective Date" under and as defined in the PSEG Amendment. "Second Component" means $188,679 per month. "Termination Date" has the meaning set forth in Section 3.1. "Utilities Agreement" means the Utilities Agreement dated as of June 16, 2000 by and between Green Tree and the Aqualon Company, a division of Hercules. 2.
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Required Levels means the levels in respect of the Financial Covenants which the Issuer is required to maintain, as set out in clause 9.3.8.2;
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Required Levels has the meaning set forth in Paragraph 4(b) of Article VI hereof. "Second Tier Reduction" has the meaning set forth in Paragraph 4(a)(ii) of Article VI hereof. 2.
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Examples of Required Levels in a sentence

  • At any time that insurance at the levels described as "Required Levels" in Schedule 6.10 is not being maintained by Borrower, Borrower will notify Agent in writing thereof and, if thereafter notified by Agent to do so, Borrower will obtain insurance at such levels at least equal to those set forth as "Required Levels" in Schedule 6.10.

  • If the Required Levels are re-attained within the Cure Period, then Hercules shall promptly so notify NJEA in writing with appropriate detail and supporting information (including the date on which the Required Levels were re-attained), and the Monthly Employment Incentive Payments (or portion thereof in the case of a reduction) shall be reinstated from that date forward, with the first such payment following the Cessation of Operations being prorated for any partial month.

  • If the Required Levels at either or both of the Hercules Facility and/or the Nitrocellulose Facility are not re-attained within the Cure Period, Hercules shall promptly so notify NJEA in writing and the Cessation of Operations shall be considered permanent, and NJEA's obligation to make the Monthly Employment Incentive Payments hereunder shall be irrevocably reduced or eliminated as described in Section 3.2(b), as the case may be.

  • If the Required Levels are re-attained within the Cure Period, then Buyer shall promptly so notify Seller in writing with appropriate detail and supporting information (including the date on which the Required Levels were re-attained), and the Base Damage Payments level shall be reinstated from that date forward.

  • Base Year 400 500 Year 1 300 375 (125 ) -25 % -27.5 % 290 (100 ) -25.0 % Yes Year 2 300 400 (100 ) -20 % -22.0 % 312 (100 ) -25.0 % No* Year 3 330 420 (80 ) -16 % -17.6 % 330 (70 ) -17.5 % Yes Year 4 350 440 (60 ) -12 % -13.2 % 347 (50 ) -12.5 % Yes *As the reduction in All Flights at MSP in Year 2 from the Base Year is substantially disproportionate to said reduction in All Flights systemwide, the proportionality exception to compliance with Required Levels is not met in this example.

  • If the Required Levels at either or both of the Hercules Facility and/or the Nitrocellulose Facility are not re-attained within the Cure Period, Buyer shall promptly so notify Seller in writing and the Cessation of Operations shall be considered permanent, and the Base Damage Payment hereunder shall be irrevocably reduced or eliminated as described in paragraph 4(a) above.

  • The Base Damage Payment amount shall be restored to $440,249 (as adjusted if applicable pursuant to Paragraph 4(a) and as prorated for any partial months) if and only if Green Tree cures the Cessation of Operations and re-attains the Required Levels on or before June 21, 2004.

  • At any time that insurance at the levels described as "Required Levels" in Schedule 6.10 is not being maintained by Borrower, Borrower will notify Facility Agent in writing thereof and, if thereafter notified by Facility Agent to do so, Borrower will obtain insurance at such levels at least equal to those set forth as "Required Levels" in Schedule 6.10.

Related to Required Levels

  • Severity Level means the actual impact of a Defect on a user’s operational environment as further described in the table below.

  • Minimum Level (ML means the concentration at which the entire analytical system must give a recognizable signal and an acceptable calibration point. The ML is the concentration in a sample that is equivalent to the concentration of the lowest calibration standard analyzed by a specific analytical procedure, assuming that all the method-specified sample weights, volumes and processing steps have been followed.

  • RBC level means an insurer's company action level RBC, regulatory action level RBC, authorized control level RBC, or mandatory control level RBC where:

  • regulatory action level RBC means the product of 1.5 and its authorized control level RBC;

  • Applicable Measurement Period means the most recently completed four consecutive fiscal quarters of the Issuer immediately preceding the Applicable Calculation Date for which internal financial statements are available.

  • Reference Level means the level of the Index (excluding any flash estimates) published or announced by Eurostat (or any successor entity which publishes such index) in respect of the month that is 12 calendar months prior to the month referred to in “Latest Level” above.

  • Licensed Level means a) when referenced in the context of a Named User, the quantity of Metric for which each individual Named User category and type is licensed -and- b) when referenced in the context of a Package, the quantity of Metric for which each individual Package is licensed; and

  • Barrier Level means the Barrier Level as specified in § 1 of the Product and Underlying Data.

  • Elevated blood lead level means a level of lead in blood that is any of the following:

  • Pricing Level V any time when (i) the senior unsecured long term debt rating of the Borrower by (x) S&P is BBB‑ or higher or (y) Xxxxx’x is Baa3 or higher and (ii) none of Pricing Level I, Pricing Level II, Pricing Level III or Pricing Level IV applies.

  • Strike Level means the Strike Level as specified in § 1 of the Product and Underlying Data.

  • Pricing Level refers to the determination of which of Level I, Level II, Level III, Level IV, Level V or Level VI applies at any date.

  • Action level means a rate of emissions of a hazardous air contaminant as specified in Appendix C or as may be determined under Section 5-261(3) of these regulations. Action Levels are used to determine the applicability of Section 5-261 to stationary sources and shall be derived in accordance with the method prescribed in Appendix E of these regulations.

  • Latest Level means, in respect of an Inflation Index, the latest level of such Inflation Index (excluding any "flash" estimates) published or announced by the relevant Inflation Index Sponsor prior to the month in respect of which the Substitute Index Level is being determined.

  • Performance Measurement Period has the meaning set forth in Section 3.1(e)(ii).

  • authorized control level RBC means the number determined under the risk-based capital formula in accordance with the RBC instructions;

  • Closing Level : means the official daily Closing Level of the Index as published by the Index Sponsor in relation to each Scheduled Trading Day during the Investment Term.

  • Maximum contaminant level goal or “MCLG” means the maximum level of a contaminant in drinking water at which no known or anticipated adverse effect on the health of persons would occur, and which allows an adequate margin of safety. MCLGs are nonenforceable health goals.

  • Final Level means, in respect of the Index, the Closing Level on the Final Valuation Date, provided that, if the Final Valuation Date is not an Exchange Business Day, then the Final Level will be determined on the immediately preceding

  • Index Level means, in respect of any day and subject to Adjustment Provisions: (a) in respect of an Index(other than a Multiple Exchange Index), the closing level of such Indexat the Valuation Time on such day; and (b) in respect of an Index that is a Multiple Exchange Index, the official closing level of the Index on such day at the Valuation Time as calculated and published by the Index Sponsor each as rounded up to four decimal places (with 0.00005 being rounded up), allas determined by the Calculation Agent.

  • Sound level meter means an instrument which includes a microphone, amplifier, RMS detector, integrator or time averager, output meter, and weighting networks used to measure sound pressure levels.

  • Base Level means the level of the Index (excluding any flash estimates) published or announced by Eurostat (or any successor entity which publishes such index) in respect of the month which is 12 calendar months prior to the month for which the Substitute Index Level is being determined;

  • Mean Sea Level means the average height of the sea for all stages of the tide. It is used as a reference for establishing various elevations within the floodplain. For the purposes of this Ordinance, the term is synonymous with the National Geodetic Vertical Datum (NGVD) of 1929, the North American Vertical Datum (NAVD) of 1988, or other datum, to which Base Flood Elevations shown on a community's Flood Insurance Rate Map are referenced.

  • Company Action Level RBC ’ means, with respect to any insurer, the product of 2.0 and its authorized control level RBC;

  • Pricing Level I shall exist on an Adjustment Date if the Consolidated Leverage Ratio for the relevant period is greater than or equal to 3.50 to 1.00.

  • Final Trigger Level means 85.00%, being a percentage against which the performance of the Index will be measured in order to determine the Final Redemption Amount.