NPV Payment definition

NPV Payment means, in respect of a business day and a ForexClear STM Contract that is settled-to-market daily in accordance with Regulation 106A, the amount or amounts paid by either the relevant FXCCM or the Clearing House to the other on such business day in respect of the change in the net present value of that ForexClear STM Contract (or the obligations thereunder) in accordance with the ForexClear STM Terms applicable to that ForexClear STM Contract.
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NPV Payment. : means the payment in full of the following: (a) to the Holders of the Class A-2 Notes and the Holders of the Class B Notes, in each case an amount equal to the amount intended to approximate the net present value of all payments that the Collateral Manager reasonably determines, in accordance with the methodology set out below, would have been payable to such Holders pursuant to the Priority of Payments assuming no Collateral Debt Securities had been sold pursuant to Section 12.1 of the Indenture on or after [], 2015; and (b)
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Examples of NPV Payment in a sentence

  • School Improvement Payment $5 MM (NPV) Payment due at the start of refurbishment work on the school grounds for purposes of opening a K-8 school.