Second Determination Date definition
Examples of Second Determination Date in a sentence
Notwithstanding the foregoing, (I) on any Determination Date on which the Class A Par Value Test is not satisfied or (II) on any Determination Date on or after the Second Determination Date on which the Class A Interest Coverage Test is not satisfied, Principal Proceeds in the Principal Collection Account in an amount necessary to satisfy such Coverage Test shall be transferred to the Payment Account for application as Principal Proceeds on the related Payment Date.
The second half of the Incremental Earned RSUs shall become vested and nonforfeitable on the first anniversary of the Second Determination Date, provided Participant has maintained its relationship as a Service Provider.
Each time an arbitration award is made regarding a claim after the Second Determination Date and before the Termination Date (as defined below), the Escrow Agent shall pay to the Owners an amount from the Escrow Account equal to the Escrowed Amount minus the then Reserve and minus $2,000,000, to the extent the Escrow Account contains sufficient funds for that purpose.
Each time an arbitration award is made regarding a claim after the First Determination Date and before the Second Determination Date (as defined below), the Escrow Agent shall pay to the Owners an amount from the Escrow Account equal to the Escrowed Amount minus the then Reserve and minus $4,000,000, to the extent the Escrow Account contains sufficient funds for that purpose.
The amount of shares of remaining Warrant Stock exercisable at $.001 per share shall be equal to the positive difference, if any, between (i) $3,010,000 divided by the VWAP of the Issuer's Common Stock for the sixty (60) Trading Days preceding the Second Determination Date and (ii) 21,500,000.