Class B Present Value Amount definition

Class B Present Value Amount. With respect to a date, an amount equal to the present value of the Future Class B Unit Payments for such date in respect of the Applicable Class B Equivalent Amount, discounted at a rate of 6.345% per annum on the basis of a 360 day year consisting of twelve 30 day months.
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Class B Present Value Amount. With respect to a date, an amount equal to the present value of the Future Class B Unit Payments for such date in respect of the Applicable Class B Equivalent Amount, discounted at the interest rate payable on the Underlying Securities at such date.
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Class B Present Value Amount. As of any date, the sum of the present values calculated by the Calculation Agent (discounted at a rate of [ ]% per annum) of the Class B Payments (assuming for purposes hereof, that the Underlying Securities are paid in full on their stated maturity date, and no portion thereof is accelerated or redeemed prior to such date).]
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Examples of Class B Present Value Amount in a sentence

  • If the Underlying Security Issuer redeems Underlying Securities and the previous paragraph does not apply, then the Class B Units designated for a redemption in connection with such redemption of Underlying Securities shall receive the amount with respect to the Class B Present Value Amount allocated for distribution in accordance with the applicable provisions of the Distribution Priorities below, paid as of the date of such redemption as an additional distribution.

  • Class B Payments: If a Warrantholder exercises Warrants, then the Class B Units designated to be called in connection with such exercise shall receive the corresponding portion of the Class B Present Value Amount, adjusted for accrued Class B Payments on the Class B Units otherwise paid.

  • Class B Units: If a Warrantholder exercises Warrants, then the Class B Units designated to be called in connection with such exercise shall receive the corresponding portion of the Class B Present Value Amount, adjusted for accrued interest on the Class B Units otherwise paid.

  • The Class B Units will have a claim on the proceeds of liquidation equal to accrued interest plus the Class B Present Value Amount, in each case as of such date of termination.

  • To Party B for Payment on the Class B Units (the "Class B Unit Payment Obligation"): Upon any exercise hereunder, Party A shall pay to Party B, for distribution with respect to the Class B Units outstanding under the Trust Agreement, the Class B Present Value Amount (as defined in the Trust Agreement).

  • In no event will amounts payable on the Class B Units under this provision exceed the Class B Present Value Amount.

  • To Party B for Payment on the Class B Units (the "Class B Unit Payment Obligation"): Upon any exercise hereunder, Party A shall pay to Party B (whether Cash Settlement or Physical Settlement applies), for distribution with respect to the Class B Units outstanding under the Trust Agreement, the Class B Present Value Amount (as defined in the Trust Agreement).

  • Class B Units: If a Swap Counterparty exercises its call rights under the Swap Agreement, then the Class B Units designated for a reduction in Notional Amount in connection with such exercise shall receive an amount equal to the Class B Present Value Amount as of the date of such reduction in Notional Amount as an additional distribution from any Class B Unit Payment Obligation as payable under the Swap Agreement in connection with such exercise, as applicable.

  • Class B Units: If a Warrantholder exercises Warrants, then the Class B Units designated to be called in connection with such exercise shall receive the corresponding portion of the Class B Present Value Amount, payable under the Warrant Terms in connection with such exercise.

  • The Class B Present Value Amount paid by Warrantholders pursuant to Schedule III will be distributed to the Class B Units as set forth under "Additional Distributions".