Examples of HPA Amount in a sentence
The Trust shall publicly disclose (i) the alternative source, (ii) the amendments to the calculation of the HPA Amount to reflect the alternative source and (iii) the results of such calculations and shall otherwise comply with the requirements of this paragraph (6).
For the purpose of calculating the HPA Amount for any period, any such alternative source shall be considered only from and after the last period covered for any relevant market by the FHFA Index.
For the avoidance of doubt, no dividends shall accrue on any HPA Amount (as defined herein) prior to September 30, 2020.
Subject to paragraph (6)(e), the home price appreciation amount (the “ HPA Amount”) for any period shall equal the product of the Initial Liquidation Preference and the HPA Factor for such period; provided that the HPA Amount for all periods after September 30, 2020 shall be equal to the HPA Amount calculated with respect to the period ended June 30, 2020.
Until September 30, 2020, the amount payable upon any conversion, redemption or Liquidation Event shall be subject to a cap, such that the total internal rate of return, when considering the Initial Liquidation Preference, plus the HPA Amount, plus all dividends (whether paid or accrued) to, but excluding, the date of such redemption, conversion or final distribution to holders in respect of a Liquidation Event, shall not exceed nine percent (9.0%).
From and after the Original Issue Date, the Trust shall make available as soon as practicable following the date of the FHFA’s release of the FHFA Index for each quarter (each, an “ Index Release Date”), a quarterly measurement showing the aggregate HPA Amount per Series B Preferred Share for each quarter since the Original Issue Date, substantially in the form attached hereto as Exhibit A.
From and after the Issue Date, the Trust shall make available as soon as practicable following the date of the FHFA’s release of the FHFA Index for each quarter (each, an “ Index Release Date”), a quarterly measurement showing the aggregate HPA Amount per Series A Preferred Share for each quarter since the Issue Date, substantially in the form attached hereto as Exhibit A.
Subject to paragraph (6)(e), the home price appreciation amount (the “ HPA Amount”) for any period shall equal the product of the Initial Liquidation Preference and the HPA Factor for such period; provided that the HPA Amount for all periods after March 31, 2021 shall be equal to the HPA Amount calculated with respect to the period ended December 31, 2020.
For the avoidance of doubt, no dividends shall accrue on any HPA Amount (as defined herein) prior to March 31, 2021.
From and after the Original Issue Date, the Trust shall make available as soon as practicable following the date of the FHFA’s release of the FHFA Index for each quarter (each, an “ Index Release Date”), a quarterly measurement showing the aggregate HPA Amount per Series C Preferred Share for the most recently completed quarter, substantially in the form attached hereto as Exhibit A.