PREFCO Transfer Price definition

PREFCO Transfer Price means, with respect to the assignment by PREFCO of one or more Receivable Interests to the Agent for the benefit of the Investors pursuant to Section 2.1, the sum of (i) the lesser of (a) the Capital of each ----------- Receivable Interest and (b) the Adjusted Liquidity Price of each Receivable Interest and (ii) all accrued and unpaid CP Costs for such Receivable Interests.
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PREFCO Transfer Price means, with respect to the assignment by --------------------- PREFCO of one or more Purchaser Interests to the Agent for the benefit of the Financial Institutions pursuant to Section 13.1, the sum of (i) the ------------ Capital of each Purchaser Interest (the "Capital Component") and (ii) all ----------------- accrued and unpaid Yield for such Purchaser Interest; provided that if at -------- any time the senior long-term unsecured debt rating of Torchmark shall be below BB from Standard & Poor's Ratings Group or below Ba2 from ▇▇▇▇▇'▇ Investor Services, Inc., the Capital Component at such time shall be equal to the lesser of (a) the Capital of each Purchaser Interest and (b) the Adjusted Liquidity Price of each Purchaser Interest.
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Examples of PREFCO Transfer Price in a sentence

  • If the Adjusted ------------------------------ Liquidity Price is included in the calculation of the PREFCO Transfer Price for any Purchaser Interest, each Financial Institution agrees that the Agent shall pay to PREFCO the Reduction Percentage of any Yield received by the Agent with respect to such Purchaser Interest.

  • PREFCO hereby sells and assigns to the Agent for the ratable benefit of the Financial Institutions, and the Agent hereby purchases and assumes from PREFCO, effective upon the receipt by PREFCO of the PREFCO Transfer Price, the Purchaser Interests of PREFCO which are the subject of any transfer pursuant to this Article XIII.

  • PREFCO hereby sells and assigns to the Agent for the ratable benefit of the Investors, and the Agent hereby purchases and assumes from PREFCO, effective upon the receipt by PREFCO of the PREFCO Transfer Price, the Receivable Interests of PREFCO which are the subject of any transfer pursuant to this Article II.

  • If the Adjusted --------------------------------- Liquidity Price is included in the calculation of the PREFCO Transfer Price for any Receivable Interest, each Investor agrees that the Agent shall pay to PREFCO the Reduction Percentage of any Discount received by the Agent with respect to such Receivable Interest.

  • PREFCO hereby sells and assigns to the Agent for the ratable benefit of the Financial Institutions, and the Agent hereby purchases and assumes from PREFCO, effective upon the receipt by PREFCO of the PREFCO Transfer Price, the portion of the Loan funded by PREFCO which is the subject of any transfer pursuant to this Article VIII.

  • If the Adjusted Liquidity Price is included in the calculation of the PREFCO Transfer Price for any portion of the Loan funded by PREFCO, each Financial Institution agrees that the Agent shall pay to PREFCO the Reduction Percentage of any interest received by the Agent with respect to such portion of the Loan.

  • PREFCO hereby sells and assigns to the Agent for the ratable benefit of the Investors, and the Agent hereby purchases and assumes from PREFCO, effective upon the receipt by PREFCO of the PREFCO Transfer Price, the Receivable Interests of PREFCO which are the subject of any transfer pursuant to this Article 2.

  • If the Adjusted Liquidity Price is included --------------------------------- in the calculation of the PREFCO Transfer Price for any Receivable Interest, each Investor agrees that the Agent shall pay to PREFCO the Reduction Percentage of any Discount received by the Agent with respect to such Receivable Interest.