Computation Day definition
Examples of Computation Day in a sentence
As used herein, “Interim Contribution Amount” means, on each Computation Day, the lesser of (i) the amount available under the RP Baskets on such Computation Day and (ii) the amount of Indebtedness that may be incurred under Section 4.04(a) of the Senior Note Indenture as of the most recent Measurement Date (as defined below) occurring on or prior to such Computation Day (the “Debt Incurrence Amount”).
As compensation for its services hereunder, the Evaluator shall receive against a statement therefor submitted to the Trustee monthly on or before each monthly Computation Day the amount set forth in Part II of the applicable Reference Trust Agreement.
Notwithstanding the foregoing, the agreement of the Equity Contributor in this Section 2.1(a) shall be of no force or effect, and shall not constitute an obligation of any nature, in an amount that exceeds, on each day from and after the date hereof (each, a “Computation Day”), the highest Interim Contribution Amount computed on any day during the period from the date hereof to such Computation Day.
On the Equity Contribution Date, the amount of the Equity Contribution required to be made shall equal the lesser of (i) the full amount of the Equity Contribution and (ii) the highest Interim Computation Amount as of any Computation Day occurring on or prior to the Equity Contribution Date.
As compensation for its services hereunder, the Evaluator shall receive against a statement therefor submitted to the Trustee monthly on or before each monthly Computation Day the amount set forth in Part II of the applicable Reference Trust Agreement, provided that if at any time the fee of the Trustee shall have been increased pursuant to Section 6.4, the compensation of the Evaluator shall at the same time be ratably increased.