Sell Back Price definition

Sell Back Price with respect to any Buy/Sell Back Transaction, means:

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Sell Back Price with respect to any Buy/Sell Back Transaction: (i) in relation to the date originally specified by the parties as the Repurchase Date pur- suant to Paragraph 2(q) of the Agreement, the price agreed by the Parties in relation to such Buy/Sell Back Transaction, and (ii) in any other case (including for the purposes of the application of Paragraph 4 or Paragraph 11 of the Agreement), the product of the formula (P + D) - (IR + C), where — P = the Purchase Price D = the Sell Back Differential IR = the amount of any Income in respect of the Purchased Securities paid by the issuer on any date falling between the Purchase Date and the Repurchase Date C = the aggregate amount obtained by daily application of the Pricing Rate for such Buy/Sell Back Transaction to any such Income from (and including) the date of pay- ment by the issuer to (but excluding) the date of calculation.

Sell Back Price with respect to any Buy/Sell Back Transaction: (i) in relation to the date originally specified by the parties as the Repurchase Date pursuant to Paragraph 2(q) of the Agreement, the price agreed by the Parties in relation to such Buy/Sell Back Transaction, and (ii) in any other case (including for the purposes of the application of Paragraph 4 or Paragraph 11 of the Agreement), the product of the formula (P + D) - (IR + C), where: P = the Purchase Price

Examples of Sell Back Price in a sentence

• Sell Back Transaction shall be effected on the Repurchase Date by transfer to Seller or its agent of Purchased Securities against the payment by Seller of (i) in a case where the Repurchase Date is the date originally agreed to by the parties pursuant to Paragraph 2(q) of the Agreement, the Sell Back Price referred to in Paragraph 4(c)(i) of this Annex; and (ii) in any other case, the Sell Back Price referred to in Paragraph 4(c)(ii) of this Annex.

• If the parties agree that a Buy/Sell Back Transaction is to be repriced in accordance with subparagraph 4.9. above, they shall at the time of such repricing agree the Purchase Price, the Sell Back Price and the Pricing Rate applicable to the Repriced Transaction.

• Sell Back Transaction shall be effected on the Repurchase Date by transfer to Seller or its agent of Purchased Securities against the payment by Seller of (i) in a case where the Repurchase Date is the date originally agreed to by the parties pursuant to Paragraph 2 (q) of the Agreement, the Sell Back Price referred to in Paragraph 4 (c) (i) of this Annex; and (ii) in any other case, the Sell Back Price referred to in Paragraph 4 (c) (ii) of this Annex.

• In fulfilling the Sell Back Option, Seller may pay Buyer the Sell Back Price with one payment or with 12 equal monthly installments.

More Definitions of Sell Back Price

Sell Back Price throughout this Annex shall be construed as references to “Repurchase Price or the Sell Back Price, as the case may be”.