Trigger Level definition
Examples of Trigger Level in a sentence
Each of Parent and Borrowers covenant and agree that, until termination of all of the Commitments and payment in full of the Obligations, Parent and its Subsidiaries, on a consolidated basis, shall have a Fixed Charge Coverage Ratio of at least 1.0 to 1.0, measured as of the last day of each fiscal month for the twelve fiscal month period then ending; provided, however, that such financial covenant shall only apply if at any time Adjusted Excess Liquidity falls below the Trigger Level.
Upon Excess Availability falling below the Trigger Level, the Loan Parties shall be required to (a) establish that they are in compliance with this Section 7 as of the most recently ended fiscal month for which Borrowers were required to deliver financial statements to Agent in accordance with Section 5.1, and (ii) thereafter maintain compliance with this Section 7 as of each fiscal month end until Excess Availability equals or exceeds the Trigger Level for a period of 60 or more consecutive days.
A Group 1 Health Constituent will become a Group 2 Health Constituent if any testing result indicates a concentration at or above the Trigger Level identified in Table 1 in Exhibit C.
The Tiered Trigger Level Framework for the Stillwater and East Boulder Mines have been finalized as part of the final Baseline Water Quality Reviews.
SMC shall design, implement, maintain, and fund the Tiered Trigger Level Framework and any necessary programs described in Section 9.0 of Appendix L for the East Boulder and Stillwater Mines.