Interim Amount means, as of the Second Valuation Date, an amount equal to (A) up to three percent (3%) of the Company’s Initial Market Cap, less (B) any amount of the Annual Amount achieved through the Second Valuation Date (such that the maximum level of achievement through the Second Valuation Date shall not exceed three (3%) of the Company’s Initial Market Cap), based on the level of achievement of, as of the Second Valuation Date, a dollar amount equal to four percent (4%) of any amount by which the Company’s Total Return for the period commencing on the Commencement Date, exceeds the Threshold Amount as of such date (“Interim TRS”); provided, that the amount so earned will be subject to reduction in accordance with a ratable sliding scale factor so that (A) if the Company’s TRS Percentage for the applicable period is twelve percent (12%) or more, there will be no reduction to Interim TRS for such period; (B) Interim TRS for such period shall be reduced by fifty percent (50%) if such TRS Percentage for the applicable period is zero percent (0%); (C) Interim TRS for such period shall be reduced based on a linear interpolation between the foregoing reduction factors if the Company’s TRS Percentage for the applicable period is between zero percent (0%) and twelve percent (12%); and (D) Interim TRS for such period shall be reduced by one hundred percent (100%) if the TRS Percentage for the applicable period is below zero percent (0%). For the avoidance of doubt, any Interim Amount will be determined based on the formula in the preceding sentence which provides for a reduction for any Annual Amounts determined at the First and Second Valuation Dates, but not less than zero.
Interim Amount means the amount equal to the sum of (i) the Interim Loan Price, (ii) the Non-Loan Purchase Price and (iii) the Interim Interest Adjustment.
Interim Amount means, as of the Second Valuation Date, an amount equal to (A) up to three percent (3%) of the Company’s Initial Market Cap, less (B) any amount of the Annual Amount achieved through the Second Valuation Date (such that the maximum level of achievement through the Second Valuation Date shall not exceed three (3%) of the Company’s Initial Market Cap), based on the level of achievement of: (x) as of the Second Valuation Date and provided the Company’s TRS Percentage exceeds fourteen percent (14%) for the period commencing on the Commencement Date, a dollar amount equal to four percent (4%) of the dollar amount by which, if any, the amount of the Company’s Total Return, determined as of such date, exceeds the Threshold Amount, determined as of such date (“Interim Absolute TSR”), and (y) as of the Second Valuation Date, a dollar amount equal to four percent (4%) of any amount by which the Company’s Total Return for the period commencing on the Commencement Date, exceeds the Relative Threshold Amount as of such date (“Interim Relative TRS”); provided, that the amount so earned will be subject to reduction in accordance with a ratable sliding scale factor so that (A) if the Company’s TRS Percentage for the applicable period is twelve percent (12%) or more, there will be no reduction to Interim Relative TRS for such period; (B) Interim Relative TRS for such period shall be reduced by fifty percent (50%) if such TRS Percentage for the applicable period is zero percent (0%); (C) Interim Relative TRS for such period shall be reduced based on a linear interpolation between the foregoing reduction factors if the Company’s TRS Percentage for the applicable period is between zero percent (0%) and twelve percent (12%); and (D) Interim Relative TRS for such period shall be reduced by one hundred percent (100%) if the TRS Percentage for the applicable period is below zero percent (0%). For the avoidance of doubt, any Interim Amount will be determined based on the formula in the preceding sentence which provides for a potential reduction of any Annual Amounts determined at the First and Second Valuation Dates, but not less than zero.
Examples of Interim Amount in a sentence
As soon as practicable following the Second Valuation Date, but as of the Second Valuation Date, the Committee will determine the Interim Amount and divide the resulting dollar amount by the Common Stock Price calculated as of the Second Valuation Date (appropriately adjusted to the extent that the Conversion Factor is greater or less than 1.0); the resulting number of unit equivalents determined as of the Second Valuation Date referred to herein as the “Interim OPP Unit Equivalent”.
Conditions Precedent To Closing on the Interim Amount: • Entry of the Interim Order; and • Execution and delivery of this Term Sheet.
Prior to entry of the Final Order, the aggregate principal balance of the Postpetition Loans shall not exceed the Interim Amount (as defined in the Interim Order).
The Borrower is authorized to borrow up to the Interim Amount in accordance with the DIP Budget, on an interim basis through and including the date of the Final Order.
On December 7, 2012, the Bankruptcy Court approved the Debtor’s entry into the DIP Agreement on an interim basis, authorized the Debtors to obtain the Interim Amount and set a final hearing on the DIP Motion for December 18, 2012.
More Definitions of Interim Amount
Interim Amount. On any date between the Trade Date and the Valuation Date, the Seller may pay to the Buyer a cash amount in Euro, provided that the aggregate of such amounts during the first calendar year after the Trade Date may not exceed EUR 10,000,000. EURO Amount Payment Date: The date on which CSIN receives the EURO Interim Amount from Counterparty. Share Adjustments: Method of Adjustment: Calculation Agent Adjustment Extraordinary Events: Consequences of Merger Events:
Interim Amount means the average of the amounts proposed by the Parties by which the Financial Charge should be reduced to reflect a Refinancing Gain.
Interim Amount means the maximum principal amount allowed to be borrowed hereunder during the Interim Period, not to exceed $5,000,000.
Interim Amount has the meaning given to that term in clause 8.2 (Adjusted Net Assets);
Interim Amount has the meaning specified in Section 2.1(b).
Interim Amount means the maximum amount of Indebtedness the Borrower may incur pursuant to the Interim Financing Order.
Interim Amount shall have the meaning given to that term in the Interim Financing Order.