Remarketing Value means the sum of
Remarketing Value means, with respect to any Note, the principal amount of such Note.
Remarketing Value for each Note equals the present value on the Remarketing Settlement Date of an amount equal to the principal amount of, plus the interest payable on, such Note on the next Interest Payment Date, including any deferred interest, assuming for this purpose, even if not true, that the interest rate on the Notes remains at the rate in effect immediately prior to the Remarketing and all accrued and unpaid interest on the Notes is paid in cash on such date, determined using a discount rate equal to the interest rate on the Bank of America, N.A. Deposit.
Examples of Remarketing Value in a sentence
For each non-Federal resource, the rate shall be the Remarketing Value in GRSP II.K.3.
In connection with Remarketings, the Company shall have the right hereunder, subject to Section 3.3(a), without the consent of any holder of the Notes, to change certain terms of the Notes as provided below in this Section 3.2 in order to obtain the Remarketing Value.
If by 4:00 p.m., New York City time, on the Business Day immediately preceding the Stock Purchase Date, the Remarketing Agent has failed to remarket the Notes at 100.5% of the Remarketing Value (as described in the Purchase Contract Agreement), the Last Failed Remarketing shall be deemed to have occurred.
Remarketing Value For each fiscal year, the Remarketing Value rate shall be: L.
If by the Stock Purchase Date the Remarketing Agent has failed to remarket the Trust Preferred Securities at 100.25% of the Remarketing Value (as described in the Purchase Contract Agreement), the Remarketing Agent shall advise the Collateral Agent in writing that it cannot remarket the related Pledged Trust Preferred Securities of such Holders of Normal Units.
More Definitions of Remarketing Value
Remarketing Value has the meaning specified in Section 5.2(b)(i).
Remarketing Value has the meaning set forth in the Purchase Contract Agreement.
Remarketing Value means, in respect of a Note, the amount equal to the value on the Remarketing Settlement Date of U.S. Treasury Securities that will pay, on or prior to the Stock Purchase Date, an amount of cash equal to the principal amount of, plus the interest payable on, such Note on the next Regular Distribution Date, including any deferred interest, assuming for this purpose, even if not true, that the interest rate on the Notes remains at the rate in effect immediately prior to the Remarketing and all accrued and unpaid interest on the Notes is paid in cash on such date; provided that the Remarketing Value shall be calculated on the assumptions that (x) the U.S. Treasury Securities are highly liquid and mature on or within five Business Days prior to the Stock Purchase Date, as determined in good faith by the Remarketing Agent in a manner intended to minimize the cash value of the U.S. Treasury Securities, and (y) the U.S. Treasury Securities are valued based on the ask-side price of such U.S. Treasury Securities at a time between 9:00 A.M. and 11:00 A.M., New York City time, selected by the Remarketing Agent, on the date of Remarketing, as determined on a third-day settlement basis by a reasonable and customary means selected in good faith by the Remarketing Agent, plus accrued interest to that date.
Remarketing Value has the meaning set forth in Section 1.1(d) of the Purchase Contract Agreement.
Remarketing Value means the sum of (i) the value at the Remarketing Date or the Subsequent Remarketing Date, as the case may be, of U.S. Treasury securities that will pay, on or prior to the Quarterly Payment Date falling on the Stock Purchase Date, an amount of cash equal to the aggregate distributions that are scheduled to be payable on that Quarterly Payment Date, on (1) the Trust Preferred Securities that are included in Normal Units and (2) the Separate Trust Preferred Securities, in each case, which are participating in the remarketing, assuming for that purpose that (x) no distribution payment on the Trust Preferred Securities will then have been deferred and (y) the distribution rate on the Trust Preferred Securities is equal to the Coupon Rate, (ii) the value at the Remarketing Date or the Subsequent Remarketing Date, as the case may be, of U.S. Treasury securities that will pay, on or prior to the Stock Purchase Date, an amount of cash equal to the Stated Amount of (1) such Trust Preferred Securities that are included in Normal Units and (2) the Separate Trust Preferred Securities, in each case, which are participating in the remarketing, and (iii) Contract Adjustment Payments or if distribution payments on the Trust Preferred Securities are then being deferred, the amount equal to such deferred Contract Adjustment Payments or the aggregate unpaid distribution payments on (1) the Trust Preferred Securities that are included in Normal Units and (2) the Separate Trust Preferred Securities, in each case, which are participating in the remarketing accumulated to the third Business Day following the Remarketing Date or the Subsequent Remarketing Date, as the case may be; provided that for purposes of clauses (i) and (ii), above, the Remarketing Value shall be calculated on the assumptions that (x) the U.S. Treasury securities are highly liquid and mature on or within 35 days prior to the Stock Purchase Date, as determined in good faith by the Remarketing Agent in a manner intended to minimize the Remarketing Value, and (y) the U.S. Treasury securities are valued based on the ask-side price of the Treasury securities at a time between 9:00 a.m. and 11:00 a.m., New York City time, selected by the Remarketing Agent, on the Remarketing Date or Subsequent Remarketing Date, as the case may be, as determined on a third-day settlement basis by a reasonably and customary means selected in good faith by the Remarketing Agent, plus accrued interest to that date.
Remarketing Value means, with respect to any Senior Note, the $1,000 principal amount of such Senior Note. “Reorganization Event” means: