Equity Amount. The positive amount, if any, payable by the Equity Amount Payer on the Equity Payment Dates, equal to: [Reference Underlying Rate of Return * Equity Notional Amount] Where: “Reference Underlying Rate of Return” means the percentage calculated in accordance with the following formula: Final Price - Initial Price Initial Price “Initial Price” means 23.08 Euros in respect of the first Equity Payment Date. In respect of each subsequent Equity Payment Date, the Initial Price will be the Final Price used to calculate the Reference Underlying Rate of Return for the immediately preceding Equity Payment Date. “Final Price” means, in respect of each Equity Payment Date other than the Equity Payment Date falling immediately after the final Equity Valuation Date or any Early Termination Equity Valuation Date, the closing level of the Reference Underlying on the Exchange on the Equity Valuation Date immediately preceding such Equity Payment Date. “Final Price” means, in respect of the Equity Payment Date falling immediately after the final Equity Valuation Date or any Early Termination Equity Valuation Date, the weighted average price at which Commerzbank is able to sell or otherwise dispose of the Reference Underlying in an amount equal to the then applicable Number of Shares.
Equity Amount means, as of any date of determination, the excess, if any, of (i) the Aggregate Outstanding Loan Balance as of such date plus amounts on deposit in the Principal Collection Account as of such date over (ii) Advances Outstanding as of such date.
Equity Amount means, on any date of determination, an amount equal to (a) the Borrowing Base on such date (calculated without regard to clause (y) of the definition of the term "Current Borrowing Base Amount") minus (b) the aggregate outstanding principal amount of the Advances (inclusive of Advances that have been requested for any outstanding Purchase Commitments which have traded but not settled) as of such date.
Examples of Equity Amount in a sentence
As of any date of determination, the Manager may cause any amounts on deposit in the Unfunded Exposure Account that exceed (i) prior to the end of the Availability Period, the Aggregate Unfunded Equity Amount and (ii) after the end of the Availability Period, the Aggregate Unfunded Amount, in each case, to be deposited into the Principal Proceeds Account.
More Definitions of Equity Amount
Equity Amount means, on any date of determination, the sum, for all Collateral Loans held by the Borrower on such date of determination (determined, for this purpose, on a “settlement date” basis), of the products of (a) the Equity Advance Rate in effect on such date with respect to such Collateral Loan multiplied by (b) the Asset Cost of such Collateral Loan on such date of determination; provided that for purposes of clause (b) of this definition, in determining the Asset Cost of any Delayed Drawdown Collateral Loan, any unfunded commitments in respect of such Delayed Drawdown Collateral Loan shall be assumed to have been fully funded as of such date of determination.
Equity Amount means, on any date of determination, the sum, for all Debt Obligations held by the Borrower on such date of determination (determined, for this purpose, on a “settlement date” basis), of the products of (a) the Equity Advance Rate in effect on such date with respect to such Debt Obligation multiplied by (b) the Purchase Amount of such Debt Obligation on such date of determination.
Equity Amount. An amount determined by the Calculation Agent as of the Valuation Time on the Valuation Date equal to the Final Equity Notional Amount less the Equity Notional Amount. Settlement Currency: USD Physical Settlement: Notwithstanding anything to the contrary in the Equity Definitions, if Physical Settlement applies pursuant to Settlement Method Election, settlement of the Transaction pursuant to Section 9.3 of the Equity Definitions (“Physical Settlement”) shall be subject to: (a) [*] having: (i) confirmed to its reasonable satisfaction that either: (A) the settlement of the Transaction pursuant to Physical Settlement will not cause it or the Hedging Party to incur any additional costs, expenses or liabilities in respect of the Transaction (including those attributed to it pursuant to Section 9.9 of the Equity Definitions) that would not be incurred in respect of Cash Settlement; or (B) that it or the Hedging Party, as applicable, is, in [*]’s reasonable opinion, sufficiently secured or indemnified for any such costs, expenses or liabilities; (ii) confirmed, in consultation with Counterparty and any relevant custodians, the operational feasibility of Physical Settlement; and (iii) received all required internal or external approvals or authorisations (including, without limitation, in respect of tax, legal, regulatory, or self-regulatory requirements or policies and procedures (whether or not such requirements, policies or procedures are imposed by law or have been voluntarily adopted by [*] or the Hedging Party)); (b) Counterparty, [*] and any Affiliate of [*] having entered into any necessary or desirable documentation in respect of Physical Settlement, as reasonably determined by [*] in consultation with its internal or external counsel; and (c) Counterparty and [*] having agreed on a mutually acceptable Settlement Date in respect of Physical Settlement. Counterparty and [*] agree to use their reasonable efforts to facilitate the Physical Settlement, which, in respect of Counterparty, may include opening a local custody account into which [*] or a relevant Affiliate can make delivery of the Number of Shares to be Delivered. In the event that Physical Settlement of the Transaction does not occur earlier, Counterparty and [*]’s obligations in respect of Physical Settlement of the Transaction shall continue for a period of two calendar months from the Final Hedging Period Start Date or such later date as Counterparty and [*] may agree (the later of the end of ...
Equity Amount means the Equity Cash Flows discounted at the Market Equity IRR, which shall in no event be negative in value;
Equity Amount means at any time the sum of reserves at that time plus the aggregate of the paid up subscription amounts in respect of capital shares;
Equity Amount. The aggregate sum of (a) the Adjusted Borrowing Value for each Eligible Loan plus (b) the amount on deposit in the Principal Collection Account minus (c) the Unfunded Exposure Equity Amount plus (d) the amounts on deposit in the Unfunded Exposure Account minus (e) the Advances Outstanding.
Equity Amount shall have the meaning provided in Section 7.4 of the Participation Agreement.