Release Consideration definition

Release Consideration means: (a) if no Event of Default exists, the amount necessary, if any, such that the outstanding principal balance of the Loans together with the aggregate amount of all Letter of Credit Liabilities will not exceed the Maximum Loan Availability after giving effect to such request (the Borrowing Base portions of Maximum Loan Availability to be based off of the Borrowing Base Certificate most recently delivered to Administrative Agent pursuant to Section 9.4(d)), and (b) if an Event of Default exists, the greater of: (i) one hundred percent (100%) of net sales proceeds from the sale or disposition of the Collateral to be released from a Mortgage (being the gross sales price less reasonable, ordinary and necessary expenses therefor), and (ii) the Borrowing Base Value for such Collateral to be released from a Mortgage (as set forth in the Borrowing Base Certificate most recently delivered to Administrative Agent pursuant to Section 9.4(d)).

Release Consideration means the amount of severance pay benefits that is equal to one-twelfth of the Executive’s Base Pay in effect at the date of termination of the Executive’s employment, which amount shall constitute consideration for the Executive’s delivery of the Waiver and Release Agreement.

Release Consideration means (a) if no Event of Default exists, the amount necessary, if any, such that the outstanding principal balance of the Loans together with the aggregate amount of all Letter of Credit Liabilities will not exceed the Maximum Loan Availability after giving effect to such request (the Borrowing Base portions of Maximum Loan Availability to be based off of the Borrowing Base Certificate most recently delivered to the Administrative Agent pursuant to Section 9.4(d)), and (b) if an Event of Default exists (and Collateral is permitted to be released in accordance with this Agreement), the greater of: (i) one hundred percent (100%) of net sales proceeds from the sale or disposition of the Collateral to be released from a Mortgage (being the gross sales price less reasonable, ordinary and necessary expenses therefor), and (ii) the Borrowing Base Value for such Collateral to be released from a Mortgage (as set forth in the Borrowing Base Certificate most recently delivered to the Administrative Agent pursuant to Section 9.4(d)).

Examples of Release Consideration in a sentence

• Any installments of the Death or Disability Payment that, in accordance with customary payroll practices, would have typically been made during the Release Consideration Period shall accumulate and shall then be paid on the Initial Payment Date.

• Any installments of the Severance Payments that, in accordance with customary payroll practices, would have typically been made during the Release Consideration Period shall accumulate and shall then be paid on the Initial Severance Payment Date.

• In the event that You revoke this Release, You will not be entitled to the Release Consideration.

• In the event that You do not sign this Release prior to the expiration of the Release Review Period, You will not be entitled to the Release Consideration.

• Executive agrees that if Executive executed a Release pursuant to this Agreement, such Release shall remain in full force and effect notwithstanding any repayment/forfeiture of Severance Pay under this subsection and that the Release Consideration is good and sufficient consideration for the Release.

More Definitions of Release Consideration

Release Consideration means the amount of the Severance Pay Amount that is equal to one-twelfth of Executive’s Base Pay in effect at the date of termination of Executive’s employment, which amount shall constitute consideration for Executive’s delivery of the Waiver and Release Agreement.

Release Consideration means the process by which a commissioner reviews relevant information concerning an inmate who is approaching eligibility for parole or release to extended supervision.

Release Consideration means, with respect to any Contract that (i) is repurchased by Seller from Borrower pursuant to Section 6.2 of the Receivables Purchase Agreement, is repurchased by TFC from Seller pursuant to Section 6.2 of the Sale and Contribution Agreement, and Lender's security interest in which is released pursuant to Section 12(b)(ii) of the Security Agreement or (ii) is purchased by the Servicer from Borrower pursuant to Section 2.07 of the Servicing Agreement and Lender's security interest in which is released pursuant to Section 12(b)(iii) of the Security Agreement, an amount equal to the outstanding Principal Balance of such Contract as of the date of such purchase or repurchase, as applicable, plus all accrued but unpaid interest thereon.

Release Consideration has the meaning set forth in Section 1.7.

Release Consideration has the meaning set forth in Section 4.

Release Consideration has the meaning set forth in the New Settlement Agreement.

Release Consideration means the $2,500,000.00 of the Settlement Payment expressly earmarked solely for the Releasing Creditors (as defined in the Settlement Agreement), which Release Consideration shall be distributed on a Pro Rata basis to such Releasing Creditors.