Partial Redemption Amount definition

Partial Redemption Amount means the net realised sale proceeds (converted by the Conversion Agent to the Common Currency at prevailing foreign exchange rates) of the Collateral in respect of which a Collateral Credit Event has occurred plus (if such amount is due from the Swap Counterparty to the Issuer) or, as the case may be, minus (if such amount is due from the Issuer to the Swap Counterparty) the Partial Swap Termination Amount divided by the number of outstanding Notes and subject to a minimum of zero;

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Partial Redemption Amount. As defined in Section 7.10(d).

Partial Redemption Amount means, in respect of each Qualifying Noteholder, an amount (rounded down to the nearest U.S.$1,000) equal to 8 per cent. of the Qualifying Notes held by such Qualifying Noteholder;

Examples of Partial Redemption Amount in a sentence

In order to effect the MAP Partial Redemption, MAP shall have available for distribution at Closing accounts receivable, each with a Federal income Tax basis no less than its face amount, of MAP with a total Value equal to the AR Amount (calculated without giving effect to any increase in the MAP Partial Redemption Amount pursuant to the second sentence of Section 1.01).
In the event that Marathon makes the determination contemplated by the immediately preceding sentence, any resulting increase in the MAP Partial Redemption Amount shall be payable in any combination of cash and accounts receivable of MAP as determined by Marathon.
Within 90 days after the Closing Date (subject to extension with the prior written consent of New Ashland Inc., such consent not to be unreasonably withheld), MAP shall prepare and deliver to Ashland a statement setting forth the MAP Partial Redemption Amount.
If the MAP Partial Redemption Amount exceeds the Estimated MAP Partial Redemption Amount, MAP shall, and if the Estimated MAP Partial Redemption Amount exceeds the MAP Partial Redemption Amount, New Ashland Inc.
If at any time Marathon determines that it is reasonably likely to direct MAP to increase the MAP Partial Redemption Amount pursuant to the second sentence of this Section 1.01, Marathon shall provide prompt notice of such determination to Ashland, including a good faith estimate of any such increase.

More Definitions of Partial Redemption Amount

Partial Redemption Amount means, in respect of a Partial Redemption Date, the amount specified as such corresponding to such Partial Redemption Date in the Issue Terms.

Partial Redemption Amount means, in respect of a Partial Redemption Date, (a) if any Notes are to be redeemed as a result of the Aggregate Outstanding Principal Amount of the Notes exceeding the Fixed Rate Payer Calculation Amount under the Default Swap, an amount not less than the relevant Excess Nominal Amount and equal to the lowest multiple of the Denomination of the Notes or (b) if any Notes are to be redeemed as a result of a termination in part only of the Default Swap on an Additional Optional Early Termination Date, an amount not less than the Proportionate Termination Amount and equal to the lowest multiple of the Denomination of the Notes.

Partial Redemption Amount means, in the case of Instalment Notes in respect of any Specified Par- tial Redemption Date, the amount per Note specified as such and allocated to the relevant Partial Redemption Date in the Final Terms (Part I, Clause 5: Redemption).

Partial Redemption Amount means the amount specified as such in the applicable Issue Terms.

Partial Redemption Amount means, in respect of any Interest Payment Date, an amount calculated by the Calculation Agent equal to the greater of the Automatic Partial Redemption Amount (if any) and (if the Advising Noteholder has made a Redemption Election in respect of the relevant Interest Payment Date) the Principal Notional Available for Redemption relating to such Interest Payment Date.

Partial Redemption Amount has the meaning ascribed to that term in Section 2.2.

Partial Redemption Amount means €100,000;

Filter & Search

Related Definitions