Trigger Amount definition
Examples of Trigger Amount in a sentence
This applies only to provisional invoices or other invoices or aggregated groups of invoices which exceed the Default Trigger Amount (the value of the Provisional Monthly Charge in the month that the invoice was due).
If at any time after Availability is less than the Availability Event Trigger Amount, the Borrowers shall not permit the Fixed Charge Coverage Ratio as of the last day of any fiscal quarter, commencing with the fiscal quarter most recently ended prior to the first date on which Availability was less than the Availability Event Trigger Amount, for the four consecutive fiscal quarter period then most recently ended to be less than 1.00:1.00.
Once the aggregate Adverse Consequences in respect of breaches (or inaccuracies) in representation or warranties exceed the Trigger Amount, North American shall be entitled to indemnification for the full amount of all Adverse Consequences in respect of breaches (or inaccuracies) in representation or warranties above the Trigger Amount.
With respect to each Reimbursement Matter, if the Liabilities of the Xerox Group, not taking into account any Insurance Proceeds received by the Xerox Group, exceed the Reimbursement Trigger Amount, Conduent will reimburse Xerox the Conduent Reimbursement Amount.
If at any time the Specified Net Worth of Park drops below the Trigger Amount, then Triad may elect to require the remaining Real Property of Park to be appraised with the costs of appraisal shared equally by Triad and Park.