Lump Sum Present Value definition

Lump Sum Present Value is defined in Section 3.3(a).
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Lump Sum Present Value shall have the meaning set forth in Section 3.2(a) hereof.
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Examples of Lump Sum Present Value in a sentence

  • Differences in actual events after the date of the present value calculation from those used in the present value calculation, including, without limitation, in the assumptions, amounts of taxable income or other facts used in the present value calculation, shall not affect, or require any adjustment or reimbursement of, the Lump Sum Present Value once such amount has been paid in full.

  • Notwithstanding any other provision of this Agreement to the contrary, any Tax Benefit Payment, Lump Sum Present Value payment (to the extent payable in cash) or Early Termination Payment required to be made under this Agreement shall rank subordinate and junior in right of payment to any Senior Obligations and shall rank pari passu with all current or future unsecured obligations of the Corporation that are not Senior Obligations.

  • A Non-Corporate Member electing pursuant to Section 3.2(a) shall be entitled to the portion of the Lump Sum Present Value payment as separately computed for such Non-Corporate Member.

  • National Beef shall pay such portion of the Lump Sum Present Value attributable to an electing Non-Corporate Member within ten (10) business days of receiving the Lump Sum Election Notice or within ten (10) business days of the resolution of a dispute undertaken pursuant to Section 3.2(d) (or such other date as may be agreed upon by such electing Non-Corporate Member and National Beef).

  • The Lump Sum Present Value shall be calculated as of the date that such Lump Sum Election Notice is received by National Beef.

  • In the event National Beef’s estimate of the Lump Sum Present Value does not equal the Non-Corporate Member’s estimate set forth in the Lump Sum Election Notice, procedures similar to those set forth in Section 2.4(a) shall apply.

  • In the event the Corporation’s estimate of the Lump Sum Present Value does not equal KRH’s estimate set forth in the Lump Sum Election Notice, procedures similar to those set forth in Section 2.3(a) shall apply.

  • The Expert shall resolve any matter relating to the Exchange Basis Schedule or an amendment thereto, the Lump Sum Present Value calculation or the Early Termination Notice within 30 calendar days and shall resolve any matter relating to a Tax Benefit Schedule or an amendment thereto within 15 calendar days or as soon thereafter as is reasonably practicable, in each case after the matter has been submitted to the Expert for resolution.

  • The Corporation shall pay the Lump Sum Present Value within ten business days of receiving the Lump Sum Election Notice or within ten (10) business days of the resolution of a dispute undertaken pursuant to Section 3.3(d) (or such other date as may be agreed upon by KRH).

  • If the Corporation elects to pay any portion of such Lump Sum Present Value in Shares, such Shares will be fully paid, non-assessable and free and clear of all liens, claims and encumbrances and such Shares will be treated as Registrable Securities under the Registration Rights Agreement.

Related to Lump Sum Present Value

  • Remaining Present Value means, as of any date with respect to any lease, the present value as of such date of the scheduled future lease payments with respect to such lease, determined with a discount rate equal to a market rate of interest for such lease reasonably determined at the time such lease was entered into.

  • Present Value means the amount as of a date certain of one or more sums payable in the future, discounted to the date certain. The discount is determined by the interest rate specified by the parties if the rate was not manifestly unreasonable at the time the transaction was entered into; otherwise, the discount is determined by a commercially reasonable rate that takes into account the facts and circumstances of each case at the time the transaction was entered into.

  • Net Present Value means, as to a specified or ascertainable dollar amount, the present value, as of the date of calculation of any such amount using a discount rate equal to the Base Rate in effect as of the date of such calculation.

  • Actuarial equivalent means a benefit of equal value when

  • Discounted present value means the present value of future payments determined by discounting the payments to the present using the most recently published applicable federal rate for determining the present value of an annuity, as issued by the internal revenue service.