Alternate Strike Price definition

Alternate Strike Price means a strike price chosen by Borrower in its sole discretion which is greater than the Strike Price and with respect to which the Alternate Strike Price Condition has been satisfied.
Sample 1Sample 2Sample 3
Alternate Strike Price means a strike price chosen by Borrower in its sole discretion which is greater than the Strike Price (but in no event greater than a rate equal to the greater of (i) 3.85% and (ii) the rate that yields a per annum interest rate that would result in the Debt Service Coverage Ratio being no less than 1.10:1.00 (calculated assuming that for all times, Term SOFR (or the Prime Index Rate or if the Loan is an Alternate Rate Loan, the Unadjusted Alternate Index Rate, as applicable) is equal to the new Strike Price (rather than the then current Strike Price) for purposes of determining the Debt Service and Term SOFR (as defined in the Mezzanine Loan Agreement (if any)) (or the Prime Index Rate or if the Loan is an Alternate Rate Loan, the Unadjusted Alternate Index Rate (as each is defined in the Mezzanine Loan Agreement (if any)) is equal to the new Strike Price (as defined in the Mezzanine Loan Agreement (if any)) (rather than the current Strike Price (as defined in the Mezzanine Loan Agreement (if any)))) and with respect to which the Alternate Strike Price Condition has been satisfied.
Sample 1
Alternate Strike Price means a strike price chosen by Borrower in its sole discretion which is greater than the Strike Price (but in no event greater than a rate equal to the greater of (i) 3.85% and (ii) the rate that yields a per annum interest rate that would result in the Debt Service Coverage Ratio being no less than 1.10:1.00 (calculated assuming that for all times, Term SOFR (or the Prime Index Rate or if the Loan is an Alternate Rate Loan, the Unadjusted Alternate Index Rate, as applicable) is equal to the new Strike Price (rather than the then current Strike Price) for purposes of determining the Debt Service and Term SOFR (as defined in the Mezzanine Loan Agreement (if any)) (or the Prime Index Rate or if the Loan is an Alternate Rate Loan, the Unadjusted Alternate Index Rate (as each is defined in the Mezzanine Loan Agreement (if any)) is equal to the new Strike Price (as defined in the Mezzanine Loan Agreement (if any)) (rather than the current Strike Price (as defined in the Mezzanine Loan Agreement (if any)))) and with respect to which the Alternate Strike Price Condition has been satisfied.
Sample 1

Examples of Alternate Strike Price in a sentence

  • For the avoidance of doubt, in no event shall Lender be required to apply any portion of the Rate Cap Reserve Funds to the payment of any Debt Service resulting from LIBOR being in excess of the applicable Alternate Strike Price.

Related to Alternate Strike Price

  • Strike Price means, except as otherwise provided by the Committee in the case of Substitute Awards, (i) in the case of a SAR granted in tandem with an Option, the Exercise Price of the related Option, or (ii) in the case of a SAR granted independent of an Option, the Fair Market Value on the Date of Grant.

  • Alternate Rate means, for any day, the sum of (a) a rate per annum selected by the Administrative Agent, in its reasonable discretion based on market conditions in consultation with the Company (and any applicable Subsidiary Borrower) and the relevant Lenders, plus (b) the Applicable Margin for Eurocurrency Loans. When used in reference to any Loan, “Alternate Rate” refers to whether such Loan is bearing interest at a rate determined by reference to the Alternate Rate.

  • Reference Price means the Reference Price of the Underlying as specified in § 1 of the Product and Underlying Data.

  • Exercise Price means the initial exercise price or the adjusted exercise price, depending on the context.