Preference Certificates definition

Preference Certificates means the preferred equity note certificates issued by the Issuer on or about the Closing Date.
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Preference Certificates means the preferred equity note certificates issued by the Issuer on or about the Closing Date. “Preference Certificate Purchase Agreement” means the purchase agreement relating to the Preference Certificates, dated on or about the Signing Date between the Issuer and Hertz Holdings Netherlands B.V. “Pre-VLCD Program Vehicle Depreciation Amount” means, as of any date of determination, with respect to (a) any Lease Vehicle that was a Program Vehicle as of the Vehicle Lease Commencement Date with respect to such Lease Vehicle and was not, prior to such Vehicle Lease Commencement Date, leased by a FleetCo or any Affiliate thereof to the relevant OpCo or any Affiliate thereof, an amount equal to the excess, if any, of (i) the depreciation charges scheduled to accrue pursuant to the terms of the Manufacturer Program with respect to such Lease Vehicle, if any, prior to such Vehicle Lease Commencement Date over (ii) all payments in respect of clause (i) made by the applicable Lessees to the applicable FleetCo pursuant to Clause 4.7.1 of the applicable Master Lease or Clause 4.9 of the applicable Master Lease on or prior to such date and (b) any other Lease Vehicle, zero “Principal Amount” means, as of any date of determination, the sum of the Class A Principal Amount and the Class B Principal Amount, in each case as of such date. “Principal Collection Account Amount” means, as of any date of determination, the amount of cash on deposit in and Permitted Investments credited to the Issuer Principal Collection Account as of such date. “Principal Deficit Amount” means, on any date of determination, the excess, if any, of (a) the Adjusted Principal Amount on such date over (b) the Issuer Aggregate Asset Amount on such date. “Pro Rata Share” means, with respect to each Letter of Credit issued by any Letter of Credit Provider, as of any date, the fraction (expressed as a percentage) obtained by dividing (A) the available amount under such Letter of Credit as of such date by (B) an amount equal to the aggregate available amount under all Letters of Credit as of such date; provided, that solely for purposes of calculating the Pro Rata Share with respect to any Letter of Credit Provider as of any date, if the related Letter of Credit Provider has not complied with its obligation to pay the Trustee the amount of any draw under such Letter of Credit made prior to such date, the available amount under such Letter of Credit as of such date shall be treated as reduced (for calcu...
Sample 1
Preference Certificates means the preferred equity note certificates issued by the Issuer on or about the Closing Date. 72
Sample 1

Examples of Preference Certificates in a sentence

  • Any member of the Enlarged Group incurring, or the entry by any member of the Enlarged Group into any agreement or facility to obtain, any borrowing, advance, credit or finance or any other indebtedness or liability in the nature of borrowing, other than pursuant to the Finance Documents or the Subordinated Preference Certificates Instrument except for trade credit in the ordinary and normal course of trading or as provided for in the Annual Budget.

  • Copies of the duly executed Shareholders’ Agreement, the Intercompany Loan Agreemnts and the Subordinated Preference Certificates Instruments and confirmation that the Company has received the amounts referred to in paragraph 6 (Investor Documents) of part I of Schedule 2 (Conditions precedent to signing) and has contributed or on-lent the same to Newco.

  • Copies of the duly executed Shareholders’ Agreement, the Intercompany Loan Agreements and the Subordinated Preference Certificates Instruments and confirmation that the Company has received the amounts referred to in paragraph 6 (Investor Documents) of part I of Schedule 2 (Conditions precedent to signing) and has contributed or on-lent the same to Newco.

  • The proceeds of the Subordinated Intercompany Note Proceeds Loan and the Loan Premium will be applied by the Borrower only (a) to repay approximately $290,000,000 of principal on the Subordinated Preference Certificates and (b) to pay fees and expenses related to the offering of the Senior Discount Notes.