Substitution Value definition

Substitution Value has the meaning set forth in Section 3.1(b).
Sample 1Sample 2Sample 3
Substitution Value means the value in respect of Consumption Data or Regenerative Braking Data, as the case may be, set out in column 9 of the Journey Look-Up Table.
Sample 1Sample 2Sample 3
Substitution Value means, in respect of any Substitution Date and any substitution of Fund Collateral, the aggregate value of the Fund Collateral to be substituted using the most recently available net asset values of such Fund Collateral in respect of such Substitution Date, as determined by Party A in its sole discretion.
Sample 1Sample 2Sample 3

Examples of Substitution Value in a sentence

  • The Purchase Price or Substitution Value, as applicable, for each Loan Asset Conveyed hereunder represents the fair market value of such Loan Asset as of the time of Conveyance hereunder, as may have changed from the time the applicable Loan Asset was originally acquired by the Seller.

  • Other than with respect to Repurchases or Substitutions the Seller is required to make, the Purchase Price or Substitution Value, as applicable, for each Loan Asset Conveyed hereunder represents the fair market value of such Loan Asset as of the time of Conveyance hereunder, as may have changed from the time the applicable Loan Asset was originally acquired by the Seller.

  • The Purchase Price or Substitution Value, as applicable, for each Loan Asset Conveyed hereunder represents the fair market value of such Loan Asset as of the time of Conveyance hereunder, as may have changed from the time after the applicable Loan Asset was originally acquired by the Seller.


More Definitions of Substitution Value

Substitution Value means with respect to a Portfolio Investment to be substituted pursuant to Article VI hereof, an amount equal to the fair market value in accordance with the Credit Agreement (as agreed upon between the Transferee and the Transferor at the time of such Conveyance) of such Substitute Portfolio Investment Conveyed as of such date.
Sample 1
Substitution Value means the value in respect of Consumption Data or Regenerative Braking Data, as the case may be, set out in column 9 of the Journey Look-Up Table.The references to “appendix 1” shall be replaced with “appendix 1A” in the definitions of “Journey Look-Up Table” and “Non-Journey Look-Up Table”.Paragraphs 3, 4 and 5Replace paragraphs 3, 4 and 5 with the following:
Sample 1

Related to Substitution Value

  • Amortized Value means, when used with respect to an Investment Security purchased at a premium above or at a discount below par, the value as of any given date obtained by dividing the total amount of the premium or the discount at which such Investment Security was purchased by the number of days remaining to the first call date (if callable) or the maturity date (if not callable) of such Investment Securities at the time of such purchase and by multiplying the amount so calculated by the number of days having passed from the date of such purchase; and (a) in the case of an Investment Security purchased at a premium, by deducting the product thus obtained from the purchase price and (b) in the case of an Investment Security purchased at a discount, by adding the product thus obtained to the purchase price.