Repurchase Factor definition
Repurchase Factor an amount equal to A + B, where: A = 10% of the sum of (i) 25% of the aggregate Outstanding Balances of the 25% Repurchase Receivables, (ii) 75% of the aggregate Outstanding Balances of the 75% Repurchase Receivables and (iii) 90% of the aggregate Outstanding Balances of the 90% Repurchase Receivables, in each case at the time the Repurchase Factor is calculated; B = 10% of the sum of (i) 25% of the aggregate Outstanding Balances of 25% Repurchase Receivables, (ii) 75% of the aggregate Outstanding Balances of 75% Repurchase Receivables and (iii) 90% of the aggregate Outstanding Balances of 90% Repurchase Receivables, in each case which were Defaulted Receivables repurchased pursuant to subsection 2.10 prior to such time (it being understood that the purpose of this clause B is to ensur that the Repurchase Factor is not reduced as a result of reductions in the Outstanding Purchase Price relating to payments under the Repurchase Obligation); provided that (i) if an Amortization Event has occurred and is continuing, the Repurchase Factor shall be equal to the Repurchase Factor on the date such Amortization Event occurred,
Repurchase Factor means: (i) from the Original Issuance Date to and including [March 31, 2024, 92.5%; (ii) from April 1, 2024 to and including] December 31, 2024, 95%; [(iii)] from January 1, 2025 to and including December 31, 2025, 100%; and [(iv)] from January 1, 2026 and thereafter, 105%.1 (g) “Repurchase Price” shall mean, on a Put Date, a price per share of Series A Preferred Stock equal to (i) the then Liquidation Preference multiplied by the Repurchase Factor, plus (ii) an amount equal to all accrued but unpaid dividends (whether or not authorized or declared) on such share to, but not including, such Put Date. (h) “Transfer” means any assignment, sale, hypothecation, disposition of or other like transfer of any shares of Series A Preferred Stock (or any interest therein) by NorthStar Seller or its Affiliates.
Repurchase Factor means a fraction, the numerator of which is the Remaining Cash divided by the Current Market Value, and the denominator of which is the sum of the aggregate number of Ordinary Shares set forth in such notices plus the number of Ordinary Shares into which the number of Warrants set forth in such notices could be converted upon a cashless exercise pursuant to Section (a)(2) of the Warrants.
Examples of Repurchase Factor in a sentence
The Repurchase Factor shall be based upon the following formula: X = A -- B Where: X = the Repurchase Factor; A = $12,000,000 minus the aggregate dollar amount that the Purchaser actually paid to the Company hereunder; and B = $12,000,000.
The Repurchase Factor shall be based upon the following formula: X = A Where: X = the Repurchase Factor; A = $12,000,000 minus the aggregate dollar amount that the Purchaser actually paid to the Company in connection with any past, current or future purchase of Class A Units; and B = $12,000,000.
More Definitions of Repurchase Factor
Repurchase Factor shall have the meaning specified in Section 8.2(c).
Repurchase Factor means (i) with respect to the first one hundred Accounts repurchased by Seller pursuant to Section 8, zero (0), and (ii) with respect to each Account repurchased by Seller pursuant to Section 8 in excess of one hundred, (A) 0.006, for each Account which is not a Performing Account and (B) 1, for each Account which is a Performing Account.