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

Examples of Release Consideration in a sentence

• Neither Plaintiff’s Counsel nor Defendant’s Counsel are providing any tax advice to Xxxxxxx and Green in connection with the Service Award or General Release Consideration.

• Drug Abuse Treatment and Intensive Confinement Center Programs: Early Release Consideration, 65 Fed.

• Drug Abuse Treatment and Intensive Confinement Center Programs: Early Release Consideration, 62 Fed.

• If Executive violates the provisions of Section 7, then the Company will have no obligation to make any of the Installments that remain payable by the Company on or after the date of such violation except to the extent that an amount equal to the Release Consideration has not yet been paid, nor will Executive be entitled to any further Post-Termination Benefits.

• While the Plan provides that holders of allowed general unsecured claims against the Debtors will receive no distribution on account of such claims, certain holders of general unsecured claims that are Eligible Plan Release Consideration Recipients (as defined in the Debtors’ proposed plan) may obtain a pro rata share of $1 million of consideration from the Prepetition Second Lien Noteholders if the relevant general unsecured creditor chooses to be a “Releasing Party” under the Plan.

More Definitions of Release Consideration

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 the New Settlement Agreement.

Release Consideration has the meaning set forth in Section 4.

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.

Release Consideration. As said term is defined in Section 15.2.

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 NAI-1501018941v4 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)).