Initial Base Amount definition

Initial Base Amount shall have the meaning set forth in Section 3.1.
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Initial Base Amount means the sum of the amounts calculated pursuant to the procedures set forth in Exhibit A hereto and in accordance with the --------- provisions of this Agreement with respect to (i) the Assets and (ii) the Asset/Liability Premium, taking into account any and all adjustments contemplated by this Agreement.
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Initial Base Amount for the period from the date hereof until December 31, 2005 shall mean $1,375,000 and for each Fiscal Year beginning on or after January 1, 2006 shall mean $1,500,000, in each case subject to adjustment pursuant to Section 9.2(d).
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Examples of Initial Base Amount in a sentence

  • The Seller agrees that in the event the Initial Base Amount (as hereinafter defined) is less than the sum of (i) the amount of the Assumed Deposits and (ii) the amount of the Accrued Expenses, the Seller shall transfer to the Buyer cash in the amount equal to the deficit.

  • The Buyer agrees that in the event the Initial Base Amount is greater than the sum of (i) the amount of the Assumed Deposits and (ii) the amount of the Accrued Expenses, the Buyer shall transfer to the Seller cash in an amount equal to such excess.

  • Notwithstanding any other provision of this Confirmation, in no event will Counterparty be required to deliver on any Settlement Date, whether pursuant to Physical Settlement, Net Share Settlement, Termination Settlement or any Private Placement Settlement, more than a number of Shares equal to 150% the Initial Base Amount to Dealer, subject to reduction by the amount of any Shares delivered by Counterparty on any prior Settlement Date.

  • In no event shall the losses for which an indemnifying party may be liable hereunder exceed the amount of the Initial Base Amount.

  • In no event shall the aggregate losses for which the Seller may be liable under this Article 9 or any other basis exceed the amount of the Initial Base Amount.

  • Base Amount: On any day, the Initial Base Amount, reduced by the number of Settlement Shares for Settlements occurring on or before such day and as adjusted in accordance with the terms of this Confirmation.

  • At the Closing, Seller shall transfer to Buyer cash in the amount equal to the difference between (a) the sum of (i) the amount of the Assumed Deposits, plus (ii) the amount of the Accrued Expenses, minus (b) the Initial Base Amount.

  • The Company further agrees to reserve and keep available at all times, free of preemptive rights, out of the authorized but unissued Common Stock, shares of Common Stock in an amount at least equal to two times the Initial Base Amount (as defined in each relevant Confirmation), subject to adjustment in any such relevant Confirmation and solely for the purpose of enabling the Company to satisfy its obligations under this Agreement and any Confirmation.

  • Initial Base Amount: The aggregate number of Shares sold through the Agent, acting as forward seller for Forward Purchaser pursuant to the Equity Distribution Agreement, during the period from and including the Trade Date through and including the Hedge Completion Date.

  • In the event that the Initial Base Amount is greater than the sum of (i) the amount of the Assumed Deposits (other than safe deposit box contents) in the Branch and (ii) the amount of the Accrued Expenses, Purchaser shall transfer to Seller cash in an amount equal to such excess.


More Definitions of Initial Base Amount

Initial Base Amount shall have the meaning set forth in Section 3.1. "IRA ▇▇▇osits" shall have the meaning set forth in Section 3.2(e). "IRC" means the Internal Revenue Code of 1986, as amended. "Liabilities" means (i) the Assumed Deposits, (ii) the Assumed Contracts, if any, (iii) the Seller's obligations to provide services from and after the Closing Date in connection with the Assets and the Assumed Deposits, and (iv) such other liabilities of the Seller with respect to the operations of the Branch as may be described on Schedule 1.1(b) (the "Other Liabilities"); excluding, however, any Assumed Contracts as to which any consents required to transfer the same to the Buyer at Closing cannot be obtained; and no other duty, obligation or liability whatsoever (including, without limitation, any and all penalties, fines, compensatory or punitive damages of any kind whatsoever) of the Seller, its Affiliates or any other person or with respect to the Assets or Liabilities. "Magnetic Tapes" shall mean the computer data storage tapes (which may be in reel-to-reel or cartridge form) prepared by Seller which contain the information to be used for an automated conversion of the Assumed Deposits. "Overdrafts" means only overdrafts in Accounts (other than overdrafts extended pursuant to a formal line of credit or similar arrangement) maintained at the Branch. "Pre-Final Financial Statement" means the balance sheet of the Branch prepared by the Seller as of the close of business at the Branch on the Closing Date, and delivered by the Seller to the Buyer pursuant to Section 3.2(a)(i). The Pre-Final Financial Statement is to be prepared in accordance with the Seller's normal practices and procedures (except that such normal practices and procedures shall be modified as necessary to
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Initial Base Amount means, for each Debenture, SEK 1,000,000.
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Initial Base Amount means $19,698,962, which amount shall be automatically reduced to $16,698,962 if, and only if, the Reduction Criteria are satisfied as of December 31, 2024. Additionally, the Parties agree that the Initial Base Amount assumes the timely payment of each of the Monthly Payments, and such Initial Base Amount shall automatically increase to the extent Purchaser fails to make any of the Monthly Payments.
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Initial Base Amount has the meaning set forth in Section 2.1.
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Initial Base Amount shall be equal to the sum of the following amounts: (i) Cash on Hand, (ii) Prepaid Expenses, (iii) the unpaid principal and accrued interest receivable on the Branch Loans, (iv) the Book Value of any Real Estate and any Real Estate Improvements as specified on Schedule 2.1(iv), (v) the Book Value of any Leasehold Improvements as specified on Schedule 2.1(v), (vi) the Book Value of the Furniture, Fixtures and Equipment as specified on Schedule 2.1 (vi), (vii) the Book Value of the Branch Loans and (viii) the Purchase Premium.
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Initial Base Amount means the sum of (A) $525,000 plus (B) the aggregate amount as of such date of all claims subject to a Buyer Claim Notice (as defined below) as to which the Escrow Agent has not received Mutual Written Instructions or a Certified Judgment Notice (as defined below) not the subject of an Appeal Notice (as defined below), in either case directing release of Escrow Funds ("Unresolved Claims"). The Escrow Funds retained by the Escrow Agent in respect of the amount referred to in clause (B) shall be held solely for the purpose of satisfying the Unresolved Claims outstanding as of June 30, 1996.
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Related to Initial Base Amount