Liquidation Distribution Amount definition

Liquidation Distribution Amount shall have the meaning set forth in Section 5(a).
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Liquidation Distribution Amount. ’ means, in respect of a Preferred Security, a liquidation distribution being the lower of (i) £1,000 or (ii) the then outstanding nominal amount of such Preferred Security;
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Liquidation Distribution Amount shall have the meaning set forth in the Trust Obligation.
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Examples of Liquidation Distribution Amount in a sentence

  • Each holder of Class C Convertible Preferred Stock shall be entitled to receive a distribution for each one of his or her shares of Class C Convertible Preferred Stock in an amount equal to one one-hundredth (1/100) of such Aggregate Liquidation Distribution Amount.

  • The Trust Administrator will calculate the Adjusted Present Value of the Partial Liquidation Distribution Amount and the Partial Liquidation Residual Amount as of the Partial Liquidation Calculation Date and will direct the Trust Custodian to deliver such amounts as provided in Section 3.3(a) hereof.

  • The Trust Administrator will calculate the Liquidation Distribution Amount and the Liquidation Residual Amount as of the Liquidation Calculation Date and will direct the Trust Custodian to deliver such amounts as provided in Section 3.6(a) hereof.

  • Each holder of Class C Convertible Preferred Stock shall be entitled to receive a distribution for each one of his or her shares of Class C Convertible Preferred Stock in an amount equal to one one-hundredth (1/100th) of such Aggregate Liquidation Distribution Amount.

  • The Trust Administrator will calculate the Adjusted Present Value of the Liquidation Distribution Amount and the Liquidation Residual Amount as of the Liquidation Calculation Date and will direct the Trust Custodian to deliver such amounts as provided in Section 3.5(a) hereof.

  • In the event of a Partial Liquidation Event, the Trust Custodian on behalf of the Series A Sub-Trust will deliver, on the Business Day immediately preceding the Partial Liquidation Distribution Date, (i) to the Paying Agent an amount equal to the Adjusted Present Value of the Partial Liquidation Distribution Amount and (ii) to the Series A Holder, an amount equal to the Partial Liquidation Residual Amount.


More Definitions of Liquidation Distribution Amount

Liquidation Distribution Amount means, with respect to a Liquidation Event or a Sponsor Bankruptcy, an amount equal to the product of (i) the Aggregate Transaction Value multiplied by (ii) (A) if the Transaction Value is greater than or equal to the Threshold Price, 0.8197, (B) if the Transaction Value is less than the Threshold Price but greater than the Initial Price, the Initial Price divided by the Transaction Value or (C) if the Transaction Value is less than or equal to the Initial Price, 1.0.
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Liquidation Distribution Amount has the meaning assigned to it in Section 3.02.
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Liquidation Distribution Amount means the amount payable in respect of the Senior Liquidation Claim represented or evidenced thereby equal to the amount which would have been paid from the assets of the Guarantor if (x) all Core Capital Linked Senior Debt had been Senior Preferred Liquidation Shares, (y) all Core Capital Linked Junior Debt had been preferred shares directly issued by the Guarantor which rank in priority of payment as to liquidation distributions (A) senior to common shares of the Guarantor and (B) junior to Senior Preferred Liquidation Shares, and (z) all Core Capital Linked Most Junior Debt had been subordinated shares directly issued by the Guarantor which rank equal or junior in priority of payment as to liquidation distributions to common shares of the Guarantor. It is acknowledged and agreed that the Senior Liquidation Claim constitutes a Core Capital Linked Senior Debt of the Guarantor. The relative rankings in a liquidation of the Guarantor of the Senior Liquidation Claim and other claims against the Guarantor are subject to the provisions of Article 131 and Article 430, paragraph 1, of the Commercial Code (or Article 502 of the Company Law on or after the effective date thereof) which prohibits distribution of residual assets to shareholders prior to payment or satisfaction of all debts of the Guarantor, which includes the Guarantor’s obligations under this Guarantee. In the event that, notwithstanding the foregoing provisions of this Section 3.02(b), after an occurrence of a Liquidation Event, any of the Holders shall have received any payment or distribution of assets of the Guarantor under this Guarantee of any kind or character, whether in cash, property or securities, before all amounts due or to become due on all Senior Debt are paid in full or payment thereof is provided for in cash or cash equivalents or otherwise in a manner satisfactory to the holders of Senior Debt, then such payment or distribution shall be paid over or delivered forthwith to the trustee in bankruptcy, receiver, liquidating trustee, custodian, assignee, agent, administrator or other person making payment or distribution of assets of the Guarantor for application to the payment of all amounts due or to become due on all Senior Debt remaining unpaid, to the extent necessary to pay all amounts due or to become due on all Senior Debt in full, after giving effect to any concurrent payment or distribution to or for the holders of Senior Debt.
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Related to Liquidation Distribution Amount

  • Dissolution Distribution Amount means the Trustee Call Amount, the Capital Event Redemption Amount or the Tax Event Redemption Amount, as the case may be, or such other amount in the nature of a redemption amount as may be determined in accordance with these Conditions;

  • Class IO Distribution Amount As defined in Section 5.07(f) hereof. For purposes of clarity, the Class IO Distribution Amount for any Distribution Date shall equal the amount payable to the Supplemental Interest Trust on such Distribution Date in excess of the amount payable on the Class IO Interest on such Distribution Date, all as further provided in Section 5.07(f) hereof.

  • Liquidation Distribution has the meaning specified in Section 9.4(d).

  • REMIC I Distribution Amount For any Distribution Date, the REMIC I Available Distribution Amount shall be distributed to the REMIC I Regular Interests and the Class R-1 Residual Interest in the following amounts and priority:

  • REMIC IV Distribution Amount shall not cause a reduction in the Class Principal Balances of any of the Classes of REMIC IV Regular Interests; and

  • Residual Distribution Amount For any Distribution Date, with respect to the Class R-1 Residual Interest, any portion of the REMIC I Available Distribution Amount for Loan Group 1 and Loan Group 2 remaining after all distributions of the REMIC I Available Distribution Amount pursuant to clauses (a), (b) and (c) (other than the last subclause of clause (c)) of the definition of “REMIC I Distribution Amount”. For any Distribution Date, with respect to the Class R-2 Residual Interest, any portion of the REMIC II Available Distribution Amount remaining after all distributions of the REMIC II Available Distribution Amount pursuant to the definition of “REMIC II Distribution Amount” (other than the distribution pursuant to the last clause thereof). For any Distribution Date, with respect to the Class R-3 Residual Interest and for Loan Group 1 and Loan Group 2, any portion of the REMIC III Available Distribution Amount for Loan Group 1 and Loan Group 2, respectively, remaining after all distributions of such REMIC III Available Distribution Amount pursuant to clauses (I)(A), (I)(B), (I)(C), (II)(A) and (II)(B), as applicable, of the definition of “REMIC III Distribution Amount” (other than the distributions pursuant to the last subclause of clauses (I)(C), (II)(A) and (II)(B)). Upon termination of the obligations created by this Agreement and liquidation of REMIC I, REMIC II and REMIC III, the amounts which remain on deposit in the Certificate Account after payment to the Holders of the REMIC III Regular Interests of the amounts set forth in Section 9.01 of this Agreement, and subject to the conditions set forth therein, shall be distributed to the Class R-1, Class R-2 and Class R-3 Residual Interests in accordance with the preceding sentences of this definition as if the date of such distribution were a Distribution Date.

  • Lower-Tier Distribution Amount As defined in Section 5.02(a).

  • Class Interest Distribution Amount As to each RCR Class and each Distribution Date, an amount equal to interest accrued during the related Interest Accrual Period (computed on the basis of a 360-day year consisting of twelve 30-day months) at the applicable Interest Rate on the Class Balance thereof immediately prior to such Distribution Date.

  • REMIC II Distribution Amount shall not cause a reduction in the Class Principal Balances of any of the REMIC II Regular Interests; and

  • Pool Distribution Amount As to any Distribution Date and Loan Group, the excess of (a) the sum of (i) the aggregate of (A) the interest portion of any Monthly Payment on a Mortgage Loan in such Loan Group (net of the Servicing Fee) and the principal portion of any Monthly Payment on a Mortgage Loan in such Loan Group due on the Due Date in the month in which such Distribution Date occurs and which is received prior to the related Determination Date (or in the case of any Monthly Covered Amount, the related Remittance Date) and (B) all Periodic Advances and payments of Compensating Interest made by the Servicer in respect of such Loan Group and Distribution Date deposited to the Servicer Custodial Account pursuant to Section 3.08(b)(vii); (ii) all Liquidation Proceeds received on the Mortgage Loans in such Loan Group during the preceding calendar month and deposited to the Servicer Custodial Account pursuant to Section 3.08(b)(iii); (iii) all Principal Prepayments (other than Total Covered Amounts) received on the Mortgage Loans in such Loan Group during the month preceding the month of such Distribution Date and deposited to the Servicer Custodial Account pursuant to Section 3.08(b)(i) during such period and all Total Covered Amounts received and deposited in the Servicer Custodial Account by the related Remittance Date; (iv) in connection with Defective Mortgage Loans in such Loan Group or Converted Mortgage Loans, as applicable, the aggregate of the Repurchase Prices and Substitution Adjustment Amounts deposited on the related Remittance Date pursuant to Section 3.08(b)(vi); (v) any other amounts in the Servicer Custodial Account deposited therein pursuant to Sections 3.08(b)(iv), (v) and (ix) in respect of such Distribution Date and such Loan Group; (vi) any Reimbursement Amount required to be included pursuant to Section 5.02(a) and (vii) any Recovery with respect to such Distribution Date over (b) any (i) amounts permitted to be withdrawn from the Servicer Custodial Account pursuant to clauses (i) through (vii), inclusive, of Section 3.11(a) in respect of such Loan Group and (ii) amounts permitted to be withdrawn from the Certificate Account pursuant to clauses (i) and (ii) of Section 3.11(b) in respect of such Loan Group.

  • Class C Distribution Amount With respect to any Distribution Date, the sum of (i) the Current Interest for the Class C Interest for such Distribution Date, (ii) any Overcollateralization Release Amount for such Distribution Date and (iii) without duplication, any Subsequent Recoveries not distributed to the Class A, Class M and Class B Certificates on such Distribution Date; provided, however, that, on any Distribution Date after the Distribution Date on which the Certificate Principal Balances of the Class A, Class M and Class B Certificates have been reduced to zero, the Class C Distribution Amount shall include the Overcollateralization Amount.

  • Class B Distribution Amount Any of the Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 or Class B-6 Distribution Amounts.

  • Principal Distribution Amount For any Distribution Date, the sum of (i) the Basic Principal Distribution Amount for such Distribution Date and (ii) the Extra Principal Distribution Amount for such Distribution Date.

  • REMIC III Distribution Amount The REMIC III Available Distribution Amount for any Distribution Date shall be distributed to the Certificates and the Class R-3 Residual Interest in the following amounts and priority:

  • Certificate Distribution Amount means, as of any Payment Date, the amount being distributed to the Trust Certificateholders on such Payment Date.

  • Interest Distribution Amount With respect to any Distribution Date and any Class A Certificates, any Mezzanine Certificates and any Class CE Certificates, the aggregate Accrued Certificate Interest on the Certificates of such Class for such Distribution Date.

  • Senior Interest Distribution Amount With respect to any Distribution Date, an amount equal to the sum of (i) the Interest Distribution Amount for such Distribution Date for the Class A Certificates and (ii) the Interest Carry Forward Amount, if any, for such Distribution Date for the Class A Certificates.

  • Available Distribution Amount As to any Distribution Date and, with respect to any Mortgage Pool comprised of two or more Loan Groups, each Loan Group, an amount equal to (a) the sum of (i) the amount relating to the Mortgage Loans on deposit in the Custodial Account as of the close of business on the immediately preceding Determination Date, including any Subsequent Recoveries, and amounts deposited in the Custodial Account in connection with the substitution of Qualified Substitute Mortgage Loans, (ii) the amount of any Advance made on the immediately preceding Certificate Account Deposit Date, (iii) any amount deposited in the Certificate Account on the related Certificate Account Deposit Date pursuant to the second paragraph of Section 3.12(a), (iv) any amount deposited in the Certificate Account pursuant to Section 4.07, (v) any amount that the Master Servicer is not permitted to withdraw from the Custodial Account or the Certificate Account pursuant to Section 3.16(e), (vi) any amount received by the Trustee pursuant to the Surety Bond in respect of such Distribution Date and (vii) the proceeds of any Pledged Assets received by the Master Servicer, reduced by (b) the sum as of the close of business on the immediately preceding Determination Date of (w) aggregate Foreclosure Profits, (x) the Amount Held for Future Distribution, and (y) amounts permitted to be withdrawn by the Master Servicer from the Custodial Account in respect of the Mortgage Loans pursuant to clauses (ii)-(x), inclusive, of Section 3.10(a). Such amount shall be determined separately for each Loan Group. Additionally, with respect to any Mortgage Pool that is comprised of two or more Loan Groups, if on any Distribution Date Compensating Interest provided pursuant to this Section 3.16(e) is less than Prepayment Interest Shortfalls incurred on the Mortgage Loans in connection with Principal Prepayments in Full and Curtailments made in the prior calendar month, such Compensating Interest shall be allocated on such Distribution Date to the Available Distribution Amount for each Loan Group on a pro rata basis in accordance with the respective amounts of such Prepayment Interest Shortfalls incurred on the Mortgage Loans in such Loan Group in respect of such Distribution Date.

  • Total Distribution Amount With respect to any Distribution Date, the sum of (i) the aggregate of the Interest Remittance Amounts for such date; (ii) the aggregate of the Principal Remittance Amounts for such date; and (iii) all Prepayment Premiums collected during the related Prepayment Period.