Qualifying Amount definition
Examples of Qualifying Amount in a sentence
However, for purposes of determining compliance with this Section 7.08 as of any date, the Qualifying Amount of Pledged Notes and Convertibles, and the Qualifying Amount of Subordinated Securities, shall be excluded from Consolidated Total Indebtedness and shall be added to Consolidated Net Worth.
However, for purposes of determining compliance with this Section 7.09 as of any date, the Qualifying Amount of Pledged Notes and Convertibles, and the Qualifying Amount of Subordinated Securities, shall be excluded from Consolidated Total Indebtedness and shall be added to Consolidated Net Worth.
For the avoidance of doubt, notwithstanding that the aggregate liability for Claims exceeding the Qualifying Amount ("QUALIFYING CLAIMS") of the Seller has exceeded the Threshold Amount, the Seller shall be liable solely for that excess.
For the avoidance of doubt, notwithstanding that the aggregate liability of the ICI Companies for Claims exceeding the relevant Qualifying Amount has exceeded the Threshold Amount, the ICI Companies shall be liable solely for that excess.
The Company and the Board shall each use its best efforts, at any time and from time to time so long as Purchaser owns of record a Qualifying Amount of any Notes or Warrants, to cause such Designee or Designees as the case may be, to be elected to the Board.