Calculation of EPM Entitlements. (a) Each Group Creditor’s allocated proportion of EPM Entitlements, taking into account each AFF Financier’s AFF Holdco Facilities Commitment Entitlement, will be calculated as follows: 𝐸 × 𝑉 × (1 ― (42% 𝑥 𝐴)) (b) If the number of EPM Entitlements resulting from any calculation made in accordance with (a) above is not a whole number that number shall be rounded down to the nearest whole number and the relevant Admitted Group Creditor shall have no entitlement to any resulting fractional amount.
Appears in 13 contracts
Samples: Deed of Company Arrangement, Deed of Company Arrangement, Deed of Company Arrangement
Calculation of EPM Entitlements. (a) Each Group Creditor’s allocated proportion of EPM Entitlements, taking into account each AFF Financier’s AFF Holdco Facilities Commitment Entitlement, will be calculated as follows: 𝐸 × �� × (1 ― (42% �� 𝐴))
(b) If the number of EPM Entitlements resulting from any calculation made in accordance with (a) above is not a whole number that number shall be rounded down to the nearest whole number and the relevant Admitted Group Creditor shall have no entitlement to any resulting fractional amount.
Appears in 5 contracts
Samples: Deed of Company Arrangement, Deed of Company Arrangement, Deed of Company Arrangement
Calculation of EPM Entitlements. (a) Each Group Creditor’s allocated proportion of EPM Entitlements, taking into account each AFF Financier’s AFF Holdco Facilities Commitment Entitlement, will be calculated as follows: 𝐸 × 𝑉 × (1 − ― (42% 𝑥 𝐴))
(b) If the number of EPM Entitlements resulting from any calculation made in accordance with (a) above is not a whole number that number shall be rounded down to the nearest whole number and the relevant Admitted Group Creditor shall have no entitlement to any resulting fractional amount.
Appears in 1 contract
Samples: Deed of Company Arrangement
