Takeout Price means as to each Takeout Commitment the purchase price (expressed as a percentage of par) set forth therein.
Takeout Price means, with respect to a Purchased Asset, the purchase price to be paid for such Asset by the Takeout Investor pursuant to the related Takeout Commitment.
Takeout Price means the price at which the Approved Investor has agreed to purchase a Purchased Asset from the Seller.
Examples of Takeout Price in a sentence
Any related Takeout Commitment constitutes a valid, binding and enforceable mandatory delivery commitment by a Takeout Buyer to purchase on the Settlement Date and at a given Takeout Price the principal amount of the Agency Security described therein.
The Takeout Price received by Buyer must equal the amount set forth on the Purchase Advice.
Seller shall not direct the Approved Investor to pay to Buyer an amount less than the full Takeout Price or modify or otherwise change the wire instructions for payment of the Takeout Price provided to Approved Investor by Buyer.
In the event the Takeout Price is less than the Repurchase Price, the Buyer shall withdraw funds from the Operating Account and Warehouse Accounts such that no deficiency exists.
Seller shall direct each Approved Investor purchasing a Purchased Asset to pay directly to Buyer, by wire transfer of immediately available funds, the applicable Takeout Price in full and without set-off on the date set forth in the applicable Purchase Commitment.
More Definitions of Takeout Price
Takeout Price. The purchase price to be paid for a Related Mortgage Loan or related Mortgage-Backed Security by the related Approved Investor pursuant to the related Purchase Commitment.
Takeout Price means the price at which the Approved Investor has agreed to purchase a Purchased Mortgage Loan from Seller.
Takeout Price the price at which a Designated Investor will acquire a particular Mortgage Loan as set forth on the related Takeout Commitment plus the amount of any accrued but unpaid interest on the related Mortgage Note.
Takeout Price per Warrant shall be equal to the greater of:
(i) the product of (A) eight multiplied by the Consolidated Cash Flow (as defined in the Indenture) for the fiscal year ended December 31, 2005 (or, if the Resale period is calculated under Section 6.1(a)(i), December 31, 2003), minus all Indebtedness (as defined in the Indenture) outstanding on such date and (B) a fraction, the numerator of which is an amount equal to the number of LP Partnership Interests to which the Holder of such Warrants would be entitled assuming such Holder had exercised its Warrants and the denominator of which is an amount equal to the total number of LP Partnership Interests then outstanding on a fully diluted basis (calculated as if all Warrants had been exercised);
(ii) the product of (A) eight multiplied by the average Consolidated Cash Flow for each of the fiscal years ended December 31, 2003, 2004 and 2005 (or, if the Resale Period is calculated under Section 6.1(a)(i), December 31, 2001, 2002 and 2003), minus all Indebtedness outstanding on such dates and (B) a fraction, the numerator of which is an amount equal to the number of LP Partnership Interests to which the Holder of such Warrants would be entitled assuming such Holder had exercised its Warrants and the denominator of which is an amount equal to the number of LP Partnership Interests then outstanding on a fully diluted basis (calculated as if all Warrants had been exercised); and
(iii) the product of (A) the present value on such Put Closing Date (as hereinafter defined) of (x) the amount that would have been earned on RAS's and RAS, Inc.'s 13% Senior Subordinated PIK Notes (the "Notes") issued under the Indenture from the Issue Date (as defined in the Indenture) to the Put Closing Date had such Notes borne interest at 20% on a bond equivalent basis during such period minus (y) the actual cash interest paid on such Notes during such period (including the cash interest paid on June 15, 2003 or June 15, 2006, as applicable), and (B) a fraction, the numerator of which is an amount equal to the number of LP Partnership Interests to which the Holder of such Warrants would be entitled assuming such Holder had exercised its Warrants and the denominator of which is an amount equal to the total number of LP Partnership Interests issuable upon exercise of all Warrants then outstanding (calculated as if all Warrants then outstanding had been exercised).
Takeout Price means, with respect to any Loan purchased hereunder, an amount equal to the sum of (i) 100% of the Loan principal balance thereof as of the date of purchase, (ii) accrued interest thereon at the applicable Loan Rate or Loan Rates from the date to which interest was last paid by the Obligor to the next date on which a Monthly Payment is due under the Mortgage following the date of purchase, (iii) expenses reasonably incurred or to be incurred by the Buyer in respect of the breach or defect giving rise to the purchase obligation, including any expenses arising out of the enforcement of the purchase obligation. "30-Day Delinquent Loan" means a Loan on which any Monthly Payment is more than thirty (30) days contractually past due.
Takeout Price means the purchase price of an Underlying Loan based on the required yield under the applicable mandatory delivery Purchase Commitment held by Borrower.
Takeout Price means, with respect to a Purchased Loan, the purchase price to be paid for such Loan by the Takeout Investor pursuant to the related Takeout Commitment.