Examples of Applicable NAV in a sentence
In the event of any default, nonpayment or raising of any defense to enforcement by the Obligor with respect to the Federal Mogul Schedule, Buyer shall have the option to require Sellers by written notice within thirty (30) days of such event to purchase the Federal Mogul Schedule for the Applicable NAV as of the date of the consummation of such purchase.
Buyer shall maintain separate CFS Portfolio Records with respect to the CFS Portfolio and such CFS Portfolio Records shall be used by Buyer in the preparation of the Applicable NAV Statements, the Gain/Loss Statements and the reports described in Schedule 1.9(a)(iv).
However, if the Applicable Market Price exceeds the most recently computed net asset value per share of the Corporation’s Common Stock, (the “Applicable NAV”), the Corporation will issue shares at the greater of (i) the Applicable NAV and (ii) 95% of the Applicable Market Price.
The Final Closing Book Value of the Assets Statement shall set forth the Applicable NAV for each Specified Financing and Lease Asset and each Equity Asset and Asset Held for Sale or Lease, in each case, that is assigned to Buyer as of the Initial Closing Date.
The Draft Closing Book Value of the Assets Statement shall also include a statement of the Applicable NAV as of 11:59 p.m. PDT on the Initial Closing Date of the Opt-out Assets and those Equity Assets and other interests subject to the Option Agreement.