Class B Present Value Amount definition

Class B Present Value Amount. With respect to a date, an amount equal to the present value of the Future Class B Unit Payments for such date in respect of the Applicable Class B Equivalent Amount, discounted at a rate of 6.345% per annum on the basis of a 360 day year consisting of twelve 30 day months.
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Class B Present Value Amount. With respect to a date, an amount equal to the present value of the Future Class B Unit Payments for such date in respect of the Applicable Class B Equivalent Amount, discounted at the interest rate payable on the Underlying Securities at such date.
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Class B Present Value Amount. As of any date, the sum of the present values calculated by the Calculation Agent (discounted at a rate of [ ]% per annum) of the Class B Payments (assuming for purposes hereof, that the Underlying Securities are paid in full on their stated maturity date, and no portion thereof is accelerated or redeemed prior to such date).]
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Examples of Class B Present Value Amount in a sentence

  • If the Underlying Security Issuer redeems Underlying Securities and the previous paragraph does not apply, then the Class B Units designated for a redemption in connection with such redemption of Underlying Securities shall receive the amount with respect to the Class B Present Value Amount allocated for distribution in accordance with the applicable provisions of the Distribution Priorities below, paid as of the date of such redemption as an additional distribution.

  • Class B Payments: If a Warrantholder exercises Warrants, then the Class B Units designated to be called in connection with such exercise shall receive the corresponding portion of the Class B Present Value Amount, adjusted for accrued Class B Payments on the Class B Units otherwise paid.

  • Class B Units: If a Warrantholder exercises Warrants, then the Class B Units designated to be called in connection with such exercise shall receive the corresponding portion of the Class B Present Value Amount, adjusted for accrued interest on the Class B Units otherwise paid.

  • The Class B Units will have a claim on the proceeds of liquidation equal to accrued interest plus the Class B Present Value Amount, in each case as of such date of termination.

  • To Party B for Payment on the Class B Units (the "Class B Unit Payment Obligation"): Upon any exercise hereunder, Party A shall pay to Party B, for distribution with respect to the Class B Units outstanding under the Trust Agreement, the Class B Present Value Amount (as defined in the Trust Agreement).

  • In no event will amounts payable on the Class B Units under this provision exceed the Class B Present Value Amount.

  • To Party B for Payment on the Class B Units (the "Class B Unit Payment Obligation"): Upon any exercise hereunder, Party A shall pay to Party B (whether Cash Settlement or Physical Settlement applies), for distribution with respect to the Class B Units outstanding under the Trust Agreement, the Class B Present Value Amount (as defined in the Trust Agreement).

  • Class B Units: If a Swap Counterparty exercises its call rights under the Swap Agreement, then the Class B Units designated for a reduction in Notional Amount in connection with such exercise shall receive an amount equal to the Class B Present Value Amount as of the date of such reduction in Notional Amount as an additional distribution from any Class B Unit Payment Obligation as payable under the Swap Agreement in connection with such exercise, as applicable.

  • Class B Units: If a Warrantholder exercises Warrants, then the Class B Units designated to be called in connection with such exercise shall receive the corresponding portion of the Class B Present Value Amount, payable under the Warrant Terms in connection with such exercise.

  • The Class B Present Value Amount paid by Warrantholders pursuant to Schedule III will be distributed to the Class B Units as set forth under "Additional Distributions".

Related to Class B Present Value Amount

  • Class A-2 Principal Distribution Amount With respect to any Distribution Date on or after the Stepdown Date and on which a Trigger Event is not in effect, the excess of (x) the sum of the Certificate Principal Balances of the Class A-2A, Class A-2B, Class A-2C and Class A-2D Certificates immediately prior to such Distribution Date over (y) the lesser of (A) the product of (i) 59.20% and (ii) the aggregate Stated Principal Balance of the Group II Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced and unscheduled collections of principal received during the related Prepayment Period) and (B) the aggregate Stated Principal Balance of the Group II Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced and unscheduled collections of principal received during the related Prepayment Period) minus the product of (i) 0.50% and (ii) the aggregate principal balance of the Group II Mortgage Loans as of the Cut-off Date.

  • Class B Principal Distributable Amount means, for any Distribution Date: (A) during the Revolving Period, zero; and (B) during the Amortization Period, an amount equal to the lesser of: (i) the positive difference of (x) Available Funds remaining after payment of the amounts set forth in clauses (i) through (iv) of Section 5.08(a) hereto minus (y) the Class A Principal Distributable Amount and (ii) the Class B Note Balance; provided, however, on the Class B Stated Final Maturity Date, the Class B Principal Distributable Amount will equal the Class B Note Balance.

  • Class A-1 Interest Distributable Amount means the amount of interest accrued during the related Interest Period (calculated on the basis of the actual number of days in such Interest Period and a year assumed to consist of 360 days) on the Class A‑1 Principal Balance as of the immediately preceding Payment Date (after giving effect to payments of principal made on such immediately preceding Payment Date) at the Class A‑1 Rate or, in the case of the first Payment Date, on the Class A‑1 Initial Principal Balance.

  • Class B Principal Distribution Amount Any of the Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 or Class B-6 Principal Distribution Amounts.

  • Class A-4 Interest Distributable Amount means the amount of interest accrued during the related Interest Period (calculated on the basis of a 360 day year consisting of twelve 30 day months) on the Class A‑4 Principal Balance as of the immediately preceding Payment Date (after giving effect to payments of principal made on such immediately preceding Payment Date) at the Class A‑4 Rate or, in the case of the first Payment Date, on the Class A‑4 Initial Principal Balance.