NPV Test. NPV Test = Consolidated Net Debt divided by NPV of Capital Rentals As at the Calculation Date 31 December 2023 (30 June 2023) Consolidated Net Debt £1,530.6m (£1,738.3m) NPV of Capital Rentals £3,282.3m (£3,205.5m) Discount percentage used to calculate present value (then current weighted average cost of the Senior Debt including hedging arrangements) 5.01% (5.05%)
NPV Test. All potential MAP2R modifications will be subjected to an NPV test prior to being offered to a Borrower. Xxxxx Fargo shall not be required to offer the Borrower a MAP2R modification that yields an NPV negative result. However, Xxxxx Fargo, in its sole discretion, may offer the NPV negative modification or, if possible, may offer an Eligible Borrower an alternate modification.
NPV Test. All potential MAP2R Modifications will be subjected to the NPV Test described in 1.47 prior to being offered to a Settlement Class Member. The Defendants shall not be required to offer a MAP2R Modification to any Settlement Class Member whose NPV Test yields a negative NPV result. However, the Defendants, may, in their sole discretion, offer a MAP2R Modification to a Settlement Class Member whose NPV Test yields a negative NPV result, or, if possible, the Defendants may offer an alternate modification.
