Maximum Remarketing Obligation definition

Maximum Remarketing Obligation means a dollar amount determined in accordance with the following provisions:

Maximum Remarketing Obligation will equal the product of (i) Stipulated Loss Value on the Designated Sale Date, times (ii) 100% minus the Residual Risk Percentage, provided that both of the following conditions are satisfied:

Maximum Remarketing Obligation shall have the meaning indicated in subparagraph 1(A)(2)(c) of the Purchase Agreement.

Examples of Maximum Remarketing Obligation in a sentence

• NAI hereby unconditionally, unequivocally and irrevocably: (1) waives any right to make any Issue 97-10 Election under any of the Operative Documents, and (2) acknowledges and agrees that for purposes of calculating the Supplemental Payment required by the Purchase Agreement, the Maximum Remarketing Obligation will equal the Break Even Price under the Purchase Agreement.

• For purposes of this provision, “Maximum Remarketing Obligation” is intended to mean the sum of the Maximum Remarketing Obligation (Improvements) and the Maximum Remarketing Obligation (Land) (both as defined in the Purchase Agreement) and is intended to be computed as of the date any award of Lease Termination Damages to BNPPLC as if such date was the Designated Sale Date.

• Also, the last sentence of subparagraph 14(A)(3) of the Lease is amended and restated as follows: For purposes of this provision, “Maximum Remarketing Obligation” is intended to mean the Maximum Remarketing Obligation (as defined in the Purchase Agreement) and is intended to be computed as of the date of any award of Lease Termination Damages to BNPPLC as if such date was the Designated Sale Date.

• If, however, pursuant to the preceding sentence Solectron sets a net cash price below the Residual Risk Percentage of Stipulated Loss Value and below the Break Even Price (because Fair Market Value is lower), BNPLC may affirmatively elect to keep the Property and any Escrowed Proceeds rather than sell to the Applicable Purchaser, in which case Solectron must pay to BNPLC a supplemental payment equal to Solectron's Maximum Remarketing Obligation.

• For purposes of calculating the Construction Recourse Amount, (x) the Maximum Remarketing Obligation (Improvements) shall be determined based on the Advances of Equity Investment attributable to the Eligible Costs to construct the New Improvements (Fremont 3E), and (y) the Maximum Remarketing Obligation (Land) shall be determined based on the Advances of Equity Investment for the cost to acquire the land related to Site Fremont 3E.

More Definitions of Maximum Remarketing Obligation

Maximum Remarketing Obligation has the meaning indicated in the Purchase Agreement.

Maximum Remarketing Obligation means a dollar amount equal to the following (but not less than zero): • 85% of the Lease Balance; less • any Fixed Rate Settlement Amount that NAI is required to pay pursuant to the Lease because of any acceleration of the Designated Sale Date which causes it to occur prior to the date upon which the Term of the Lease is scheduled to expire (as such date is confirmed in clause (1) of the definition of Designated Sale Date in the Common Definitions and Provisions Agreement).

Maximum Remarketing Obligation means a dollar amount equal to the product of (i) Stipulated Loss Value on the Designated Sale Date, times (ii) 100% minus the Residual Risk Percentage; provided, however, that the "Maximum Remarketing Obligation" will equal the Buildings 1&2 Break Even Amount, if (but only if):

Maximum Remarketing Obligation means a dollar amount equal to 85.67% of the Adjusted Lease Balance.

Maximum Remarketing Obligation means an amount equal to eighty-five percent (85%) of the Lease Balance on the Designated Sale Date.

Maximum Remarketing Obligation shall have the meaning indicated in subparagraph 1(A)(3) of the Land Purchase Agreement. --------------------

Maximum Remarketing Obligation means a dollar amount equal to the following (but not less than zero):