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 percent (3%) of the Company’s Initial Market Cap), based on the level of achievement of: (x) 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 TRS ”), 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 Effective 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%) ( e.g. , if the Company achieved a TRS Percentage of six percent (6%), the value of any award would be reduced by a factor of twenty-five percent (25%)); 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 reduction for any Annual Amounts determined at the First and Second Valuation Dates, but not less than zero.
Examples of Interim Amount in a sentence
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.
All amounts required to be paid as --------------------------- Interim Rent pursuant to Section 3(b)(i)(B), whether or not paid, shall be deemed to be payments remitted by Lessor to Indenture Trustee in respect of Lessor Interim Amount and/or Lessor Payment Amount, without duplication, provided that no such deemed payment shall exceed the sum of Lessor Interim -------- Amount and Lessor Payment Amount.
The Seller shall provide a copy of such schedule to the Purchaser no later than three Business Days prior to the Closing Date and, with the written consent of the Purchaser, such schedule shall serve as the basis for the calculation of the Interim Amount.
More Definitions of Interim Amount
Interim Amount means an amount per Security equal to its pro rata share of (i) the amount standing to the credit of the Cash Accounts on the Scheduled Maturity Date less (ii) a reserve in the amount specified by the General Partner prior to the Scheduled Maturity Date, in its discretion and in a commercially reasonable manner, to meet any actual or contingent liabilities of the Fund.
Interim Amount means the maximum amount of Loans permitted by the Interim Order, but not to exceed the sum of (i) $6,000,000 or such lesser amount as is required to repay certain existing Indebtedness contemplated to be repaid on the Closing Date; and (ii) expenses incurred by the Borrower in connection with the Transactions, including expenses required to be paid on or prior to the Closing Date pursuant to the Loan Documents, in each case, subject to the 13-Week Budget.
Interim Amount has the meaning specified in Section 2.1(b).
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 $8,000,000.00, which, subject to entry of the Interim Order, shall be the maximum aggregate principal amount of Loans under the Additional Commitments which is permitted to be borrowed between the Interim Order Date and the Final Order Date.
Interim Amount means an amount to be agreed upon by the Agent and the Borrower, plus the Rollover 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: