Examples of Slice Termination Payment in a sentence
The Slice Termination Payment calculated pursuant to clause (b) or (c) above shall be discounted to present value using the Present Value Rate as of the time of termination.
Purchaser shall use the Alternative Determination Methodology described in Subsection (c) below in determining the Slice Termination Payment.
The Purchaser, as calculation agent, shall use the Alternative Determination Methodology in Section 16(c) to calculate the Slice Termination Payment and calculate and include any gain or loss incurred for the period between the Event of Default and the calculation date in the net termination payment.
The determination of the Slice Termination Payment pursuant to the criteria set forth below shall be binding on the Parties and conclusive, absent manifest error.
The Calculation Agent shall provide the other Party with written notification of the Slice Termination Payment, as calculated pursuant to this Section 16, as soon as practical after such amounts have been determined and shall provide the other Party with supporting documentation showing in reasonable detail the bids, quotations and other factors used in making such calculations.
If the District does not elect to obtain or does not receive any bids or indicative quotations pursuant to the procedures set forth in clause (b) above, or if Purchaser is the Calculation Agent pursuant to subsection (a) above, the Slice Termination Payment shall be determined by the District or the Purchaser, using commercially reasonable procedures in order to produce a commercially reasonable result utilizing the base methodology outlined in Appendix A to the Collateral Annex.
If more than three quotations are received, the high and low quotation shall be disregarded and the Slice Termination Payment shall be calculated using the average of the remaining quotations, as compared to the total Purchase Price for all remaining Delivery Periods.
The calculation of the Slice Termination Payment will be performed by the District; provided, however, that in the event there is an Event of Default by the District, then Purchaser shall be the Calculation Agent.
As soon as reasonably practical after termination, the District shall determine whether to calculate the Slice Termination Payment by obtaining quotations (either firm or indicative) for a Replacement Slice Contract or to use the Alternative Determination Methodology.
This provision does not apply to the calculation of the Slice Termination Payment, if any.