Initial Transfer Amount shall have the meaning ascribed thereto in Section 3.2(b)(iii) of this Agreement.
Initial Transfer Amount has the meaning set forth in Section 5.2 hereof.
Initial Transfer Amount has the meaning set forth in Section 3.2(c)(ii)(C).
Examples of Initial Transfer Amount in a sentence
IR shall satisfy its obligation pursuant to this Section 6.2(b)(iii) by causing the trust of the Parent Pension Plans to transfer Assets equal to the Initial Transfer Amount.
In order to perform such verification, upon request from Allegion, the Allegion Actuary will receive the data and additional detailed methodology used to calculate the Initial Transfer Amount and the Final Pension Plan Transfer Amount (if reasonably needed) from the IR Actuary.
More Definitions of Initial Transfer Amount
Initial Transfer Amount means, with respect to any Business Day, an amount equal to the lesser of (a) an amount equal to the product of (i) the sum of (x) the aggregate amount of Available Funds deposited into the Collection Accounts on such Business Day before the applicable Cut-Off Time for such Business Day, plus (y) the aggregate amount of Available Funds deposited into the Collection Accounts on the prior Business Day after the applicable Cut-Off Time used to determine the Initial Transfer Amount on such prior Business Day, times (ii) the Subject Percentage and (b) an amount equal to the sum of (x) the aggregate amount of Collections deposited into the Collection Accounts on such Business Day before the applicable Cut-Off Time for such Business Day, plus (y) the aggregate amount of Collections deposited into the Collection Accounts on the prior Business Day after the applicable Cut-Off Time used to determine the Initial Transfer Amount on such prior Business Day.
Initial Transfer Amount means 75% of Seller’s or its successor’s good faith estimate of the Section 4044 Amount. As soon as practicable after the Section 4044 Amount is determined in accordance with the requirements of Paragraph A(2)(a), and in no event more than sixty (60) days after such final determination, the True-Up Amount shall be transferred as provided below (the “True-Up Date”). If the Section 4044 Amount adjusted for earnings and losses of the assets of the Seller Pension Plan from the Closing Date through the True-Up Date (the “Increased Section 4044 Amount”), is greater than the Reduction Amount adjusted for earnings and losses of the assets of the Seller Pension Plan from the Closing Date through the True-Up Date (the “Increased Reduction Amount”), then Seller will, or Parent will cause Seller’s successor to, cause a transfer in cash or other assets as Seller or its successor and Buyer mutually agree equal to the True-Up Amount to be made from the Seller Pension Plan Trust to the Buyer Pension Plan Trust. If the Increased Reduction Amount is greater than the Increased Section 4044 Amount, then Buyer will cause a transfer in cash or other assets as Seller or its successor and Buyer mutually agree equal to the True-Up Amount to be made from the Buyer Pension Plan Trust to the Seller Pension Plan Trust. The “True-Up Amount,” if any, means the difference between the Increased Section 4044 Amount and the Increased Reduction Amount. The “Reduction Amount” equals the sum of (x) the Initial Transfer Amount, plus (y) benefit payments made to any Transferred Employees and Other Plan Participants by the Seller Pension Plan after the Closing Date. For purposes of these calculations, the earnings and losses of the assets of the Seller Pension Plan from the Closing Date through the True-Up Date shall be the net investment
Initial Transfer Amount means 75% of Seller’s good faith estimate of the Section 4044 Amount. As soon as practicable after the Section 4044 Amount is determined in accordance with the requirements of Paragraph A(2)(a) (the “True-Up Date”), and in no event more than 60 days after such final determination, the True-Up Amount will be transferred as provided below. If the Section 4044 Amount is greater than the Reduction Amount, then Seller will cause a transfer in cash (or other assets as the Parties mutually agree) equal to the True-Up Amount to be made from the Seller Pension Plan Trust to the Buyer Pension Plan Trust. If the Reduction Amount is greater than the Section 4044 Amount, then Buyer will cause a transfer in cash (or other assets as the Parties mutually agree) equal to the True-Up Amount to be made from the Buyer Pension Plan Trust to the Seller Pension Plan Trust. The “True-Up Amount,” if any, means the difference between the Section 4044 Amount, adjusted for interest pursuant to Paragraph A(2)(c), and the Reduction Amount, adjusted for interest pursuant to Paragraph A(2)(c). The “Reduction Amount” equals the sum of (x) the Initial Transfer Amount, plus (y) benefit payments made to any Transferred Employees and Other Plan Participants by the Seller Pension Plan after the Effective Time.
Initial Transfer Amount means the dollar amount of the principal indebtedness loaned (together with the amount of any capital contribution or other amounts, if any, provided) to the Company by the owners of the Class A Preferred Units, and any and all costs and expenses (including, without limitation, reasonable attorneys fees) and any other "Loan Expenses" (as defined in the Loan Agreement) owing by the Company to the owners of the Class A Preferred Units and the Class B Common Units pursuant to the Loan Agreement and in connection with this Agreement and the Loan Documents, in each case immediately before or concurrently with giving effect to this Agreement.
Initial Transfer Amount has the meaning set forth in Section 5.6(g)(v).
Initial Transfer Amount means, for each Buyer Party, 75% of a good faith estimate of the Section 4044 Amount applicable to such Buyer Party (as shall be mutually agreed upon by Seller’s actuary and Buyer’s actuary not less than 10 days prior to the Initial Transfer Date). As soon as practicable after the Section 4044 Amount is determined in accordance with the requirements of Paragraph A(2)(a) (the “True-Up Date”), and in no event more than 60 days after such final determination, the True-Up Amount shall be transferred as provided below. If the Section 4044 Amount for any Buyer Party is greater than the Reduction Amount for such Buyer Party, then Seller will cause a transfer in cash (or other assets as Seller and Buyer mutually agree) equal to the True-Up Amount to be made from the Seller Pension Plan Trust to such Buyer Party’s Buyer Pension Plan Trust. If the Reduction Amount for any Buyer Party is greater than the Section 4044 Amount for such Buyer Party, then such Buyer Party will cause a transfer in cash (or other assets as Seller and Buyer mutually agree) equal to the True-Up Amount to be made from such Buyer Party’s Buyer Pension Plan Trust to the Seller Pension Plan Trust. The “True-Up Amount,” if any, for any Buyer Party means the difference between the Section 4044 Amount for such Buyer Party, adjusted for interest pursuant to Paragraph A(2)(c), and the Reduction Amount for such Buyer Party, adjusted for interest pursuant to Paragraph A(2)(c). The “Reduction Amount” for any Buyer Party equals the sum of (x) the Initial Transfer Amount for such Buyer Party, plus (y) benefit payments made by the Seller Pension Plan after the Effective Time to any Transferred Employees and Other Plan Participants that are employed or otherwise assumed by such Buyer Party.
Initial Transfer Amount is defined in Section 5.7.5(b).