Cash Option Amount definition

Cash Option Amount means, as of any Determination Date, with respect to the outstanding Cash Option Receivables, the product of (i) the highest Portfolio Yield during the past twelve months divided by twelve, times (ii) the aggregate Outstanding Principal Balance of such Cash Option Receivables, times (iii) the weighted average Cash Option Period for such Cash Option Receivables (expressed in months).
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Cash Option Amount means, as of any Determination Date, with respect to the outstanding Cash Option Receivables, the product of (i) the highest Portfolio Yield during the past twelve months divided by twelve (during the first year after the Initial Closing Date, this clause (i) shall, to the extent necessary, be calculated based on information delivered to SunTrust Capital Markets, Inc. in connection with the securitization transaction with the Initial Seller that terminated on the Initial Closing Date), times (ii) the aggregate Outstanding Principal Balance of such Cash Option Receivables, times (iii) the weighted average Cash Option Period for such Cash Option Receivables (expressed in months).
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Cash Option Amount has the meaning set forth in Section 5.1(e).
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Examples of Cash Option Amount in a sentence

  • II and [.], as Trustee, and directs that (i) the Common Shares issuable and deliverable upon conversion be issued in the name of and delivered to the undersigned unless a different name has been indicated below or (ii) the Cash Option Amount be delivered if AEGON N.V. elects to exercise its Cash Option.

  • All regular bus drivers will receive the following: Dental Insurance (Delta Dental 75% Class 1, 50% Class 2, 50% Orthodontic) The following cash benefit or insurance subsidy will be given to drivers as follows: Number of Runs Cash Option Amount or Insurance Subsidy 2 Regular Runs $900 3 Regular Runs $1350 If application is not made by the end of the school year of hire for the health insurance or cash option benefit, the employee will forfeit the benefit for that school year.

  • AEGON N.V. covenants to effect such conversion by procuring the issuance of Common Shares or, if applicable, the Cash Option Amount, and payment of cash in lieu of fractional shares in exchange for and in consideration of delivery to them of the Convertible Securities.

  • The Purchase Notice or the Satisfaction Notice, as applicable, shall indicate the aggregate Noteholder Cash Option Amount elected in accordance with the Exchange Offer, the Restructuring Support Agreement and, if necessary, the Plan.

  • If AEGON N.V. elects to pay Holders of Convertible Securities a Cash Option Amount in lieu of delivering Common Shares pursuant to Section 1503 it shall (i).

  • For the avoidance of doubt, any such Noteholder Cash Option Units are not and shall not be Unsubscribed Units, and any Unsubscribed Units in respect of any Senior Notes that are cashed out in connection with the Noteholder Cash Option Amount shall remain subject to, and shall be treated in accordance with, Section 1.2(a).

  • Each such Company Option shall thereafter be canceled and be of no further force or effect except for the right to receive the Cash Option Amount and the shares of Parent Common Stock described in clause (ii) above (such cash and number of shares, the "Option Consideration").


More Definitions of Cash Option Amount

Cash Option Amount means an amount in U.S. dollars, or any other currency or currencies as specified pursuant to Section 301, equal to the Average Price per Share on, unless otherwise specified pursuant to Section 301, the five Stock Exchange Trading Days up to and including the Conversion Date multiplied by the number of Common Shares the Holder would have been entitled to upon conversion had AEGON N.V. not exercised its Cash Option.
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Cash Option Amount means, as of any Determination Date, with respect to the outstanding Cash Option Receivables, the product of (i) the highest Portfolio Yield during the past twelve months divided by twelve, times
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Related to Cash Option Amount

  • Cash Election Amount means the product of the number of Cash Election Shares multiplied by the Cash Election Consideration.

  • Unadjusted Principal Distribution Amount As defined in the definition of “Principal Distribution Amount.”

  • Cash Settlement Amount means the “Cash Settlement Amount” as determined by the Calculation Agent in accordance with Paragraph 6.

  • Tax Limitation Amount means the maximum amount which may be placed as the Appraised Value on the Applicant’s Qualified Property for maintenance and operations tax assessment in each Tax Year of the Tax Limitation Period of this Agreement pursuant to Section 313.054 of the TEXAS TAX CODE.

  • Valuation Amount means, in respect of each Mortgaged Vessel, the value thereof as most recently determined under clause 8.2.2; and