Repurchase Formula definition

Repurchase Formula means the repurchase formula set out in Schedule 1 as it may be adjusted by the Expert, in accordance with the provisions of clause 18.1.1;1.3.74. "Retirement" means in relation to a Beneficiary, the termination of the employment of such Beneficiary with any Employer Company, on or after such Beneficiary attaining normal retirement age (as laid down in the relevant approved Employer Company's pension fund or provident fund regulations from time to time, it being recorded that the reference herein to the pension and provident fund regulations is intended to be descriptive of the concept of "retire" rather than requiring a retirement pursuant to those regulations) or, with the approval of any Employer Company Board, such Beneficiary retiring prior to attaining the normal requirement age due to permanent disability or having elected early retirement not related to illness;1.3.75. "Sasol" means Sasol Limited, a public company with limited liability registered in accordance with the laws of South Africa under registration number 1979/003231/06;1.3.76. "Sasol Appointed Trustee" means a Trustee who is appointed by the Sasol Board from time to time in terms of clause 24.2;1.
Sample 1Sample 2
Repurchase Formula means the repurchase formula set out in Schedule 1 as it may be adjusted by the Expert, in accordance with the provisions of clause 18.1.1;
Sample 1Sample 2
Repurchase Formula means an amount equal to the average monthly Franchisee's Share remitted by Franchisor to Franchisee during the twelve-month period prior to Franchisor's election, multiplied by the number of months during which this Agreement has been in effect up to, but not more than, six (6).
Sample 1

Examples of Repurchase Formula in a sentence

  • The state of information is rather poor as far as it concerns developments on 52 "Mesures d’Utilisation Rationnelle de l’Energie (MURE)”, Database, European Commission,1998 53 The White Paper can be downloaded in European languages:http://europa.eu.int/en/comm/dg17/legislat.htm#599finalEuropean level.

  • PPC PHAKAMANI TRUST REPURCHASE SHARESPPC will implement the PPC Phakamani Trust Shares Repurchase, pursuant to the PPC Phakamani Trust Subscription Agreement, to repurchase a number of PPC Phakamani Trust Repurchase Shares at the Repurchase Price per share at the PPC Phakamani Trust Shares Repurchase Date, determined in accordance with the PPC Phakamani Trust Shares Repurchase Formula.

  • Effectively the SIOC Repurchase Formula constitutes a so-called “notional funding arrangement” with an opening notional balance of R822 million and a notional interest rate of 8% per annum.

  • In this way, if the market value exceeds the Repurchase Formula, the City retains the benefits of both the Restrictive Covenant as well as additional funds for other new City-directed affordable housing priorities at that time.

  • The SIOC Repurchase Formula will determine what number of SIOC Subscription Shares will be repurchased by SIOC at the end of the First Capital Appreciation Period in order to eliminate the notional funding balance.

  • The SIOC ESPS Trust holds these SIOC ESPS Shares for the purpose of facilitating the SIOC ESPS.• On the termination of the First Capital Appreciation Period, SIOC will have the right to repurchase from the SIOC ESPS Trust such number of Subscription Shares at par value as is calculated in terms of the SIOC Repurchase Formula.

  • The Subscription Shares are ordinary shares which contain, in their terms, the SIOC Repurchase Formula.

  • Any such acceleration of the NVF Period will be factored into the Repurchase Formula as provided for in the subscription agreements.

  • The final number of Subscription Shares subject to repurchase by SIOC will be determined in accordance with the SIOC Repurchase Formula at the end of the First Capital Appreciation Period.


More Definitions of Repurchase Formula

Repurchase Formula means the repurchase formula set out in schedule “C” and as may be adjusted in accordance with the provisions of this Trust Deed;
Sample 1
Repurchase Formula means the repurchase formula set out in Schedule 1 as may be adjusted by the Expert, acting as an expert and not as arbitrator, in accordance with the provisions of clauses 19.2.5 and 19.2.7 to take account of manifest arithmetic errors, changed circumstances or corporate actions, the Expert's costs being borne by Sasol;
Sample 1

Related to Repurchase Formula

  • Repurchase Amount shall have the meaning set forth in Section 4.2 hereof.

  • Repurchase Value means the Fair Market Value in the event the award to be repurchased under Section 10.2 is comprised of shares of Common Stock and the difference between Fair Market Value and the Exercise Price (if lower than Fair Market Value) in the event the award is a Stock Option or Stock Appreciation Right; in each case, multiplied by the number of shares subject to the award.

  • Repurchase Price means, with respect to any Loan, first taking the Book Value of the Asset at Bank Closing and either subtracting the Asset discount or adding the Asset premium, and subsequently adjusting that total by (i) adding any advances and interest on such Loan after Bank Closing, (ii) subtracting the total amount received by the Assuming Institution for such Loan after Bank Closing, regardless of how applied, and (iii) adding total disbursements of principal made by Receiver not otherwise included in the Book Value.

  • Option Purchase Price has the meaning set forth in Section 9.36(b) hereof.

  • Call Option Repayment Date means the settlement date for the Call Option determined by the Issuer pursuant to Clause 10.2 (Voluntary early redemption – Call Option), Clause 10.3(d) or a date agreed upon between the Bond Trustee and the Issuer in connection with such redemption of Bonds.

  • Repurchase Upon Fundamental Change means the repurchase of any Note by the Company pursuant to Section 4.02.

  • Repurchase Period means a period of 90 consecutive days commencing on the date when the Optionee’s Service terminates for any reason, including (without limitation) death or disability.

  • Optional Termination Price On any date after the Initial Optional Termination Date, an amount equal to the sum of (A) the aggregate Stated Principal Balance of each Mortgage Loan (other than any Mortgage Loan that has become an REO Property) as of the Distribution Date on which the proceeds of the Optional Termination are distributed to the Certificateholders, plus accrued interest thereon at the applicable Mortgage Rate as of the Due Date preceding the Distribution Date on which the proceeds of the Optional Termination are distributed to Certificateholders and the fair market value of any REO Property, plus accrued interest thereon as of the Distribution Date on which the proceeds of the Optional Termination are distributed to Certificateholders, (B) any unreimbursed out-of-pocket costs and expenses owed to the Master Servicer, the Trustee or the Securities Administrator (including any amounts incurred by the Securities Administrator in connection with conducting the Auction), a Servicer or the Master Servicer and any unpaid or unreimbursed Servicing Fees, Monthly Advances and Servicing Advances, (C) any unreimbursed costs, penalties and/or damages incurred by the Trust Fund in connection with any violation relating to any of the Mortgage Loans of any predatory or abusive lending law and (D) in the event an Auction has been conducted, all reasonable fees and expenses incurred by the Securities Administrator to conduct the Auction.

  • Optional Purchase Price has the meaning set forth in Section 8.1 of the Sale and Servicing Agreement.

  • Repurchase Right means the right granted to the Corporation in accordance with Article D.

  • Repurchase Notice has the meaning set forth in Section 8.6(a).

  • Repurchase Request shall have the meaning assigned to such term in Section 2.4(a) of the Sale and Servicing Agreement.

  • Deferred Purchase Price shall have the meaning set forth in Section 2(a).

  • Discounted Prepayment Option Notice has the meaning specified in Section 2.05(d)(ii).

  • Repurchase Request Withdrawal As defined in Section 2.03(a) of this Agreement.

  • Stock Purchase Price has the meaning set forth in Section 2 of the Subscription Agreement.

  • Termination Price As defined in Section 9.01.

  • Purchase Amount means the total amount being paid by the Investor on a particular Closing Date to purchase the Securities.

  • Repurchase Payment for any Repurchased Receivable as of the last day of any Collection Period, means the sum of the Principal Balance thereof as of the beginning of such Collection Period plus interest accrued thereon through the due date for the Obligor’s payment in such Collection Period at the related APR, after giving effect to the receipt of monies collected on such Repurchased Receivable, if any, during such Collection Period.

  • Notice of Purchase Withdrawal Has the meaning specified in the Deposit Agreement.

  • Repurchase Response Notice means a notice delivered by the Indenture Trustee at the direction of the Administrator to a Noteholder or Note Owner indicating that a Repurchase Request is unresolved.

  • Redemption Call Purchase Price has the meaning set out in Section 5.2(a).

  • Base Purchase Price has the meaning set forth in Section 2.2.

  • Change of Control Purchase Price shall have the meaning specified in Section 10.1.

  • Repurchase Request Recipient As defined in Section 2.03(g).

  • Repurchase Event means the occurrence of a breach of any of the Seller’s representations and warranties in Section 3.1(a) or any other event which requires the repurchase of a Receivable by the Seller, under the Sale and Servicing Agreement.