Applicable Class definition
Examples of Applicable Class in a sentence
Each Warrant issued hereunder represents a Call Option and a Call Right to purchase $1,000 of Unit Principal Balance of the Class A Units and the Initial Notional Amortizing Balance of the Class B Units corresponding to the Applicable Class B Equivalent Amount.
The Mitigation Factor shall be calculated as the percentage of UCAP offered in the Applicable Zone and Applicable Class Year by Qualified Renewable Exemption Applicants, as defined in the NYISO Services Tariff Att.
Each Warrant issued by the Trust represents a Call Option and Call Right to purchase $1,000 Unit Principal Balance of Class A Units and the Applicable Class B Equivalent Amount.
The Administrative Agent will promptly notify each Lender of its receipt of each such notice, and of the amount of such Lender’s Applicable Class Percentage of such prepayment.
The Administrative Agent will promptly distribute to each Lender its Applicable Percentage or Applicable Class Percentage (or other applicable share as provided herein) of such payment in like funds as received by wire transfer to such Lender’s Lending Office.
Each such prepayment shall be paid to the Lenders in accordance with their respective Applicable Percentages of the Applicable Class of Revolving Loans being prepaid.
The Trustee will also randomly select Class B Units for call or redemption in an amount equal to an Initial Notional Amortizing Balance of Class B Units corresponding to the Applicable Class B Equivalent Amount.
For the avoidance of doubt, in the event that an Accelerated Valuation Date arises prior to any Applicable Class B Valuation Date, the determination of vesting with respect to all unvested Class B Convertible Shares otherwise eligible for vesting on any subsequent Applicable Class B Valuation Date shall be made solely as of such Accelerated Valuation Date and shall not be re-eligible for vesting as of such subsequent Applicable Class B Valuation Date.
If the Warrants are partially exercised and if and to the extent that there is no Alternative Exercise or if there is a partial redemption of the Underlying Securities, the Trustee will also randomly select Class B Units for call or redemption in an amount equal to an Initial Notional Amortizing Balance of Class B Units corresponding to the Applicable Class B Equivalent Amount.
Each such prepayment shall be paid to the Lenders in accordance with their respective Applicable Percentages of the Applicable Class of Term Loans being prepaid.