Applicable Debt Reduction and Advance Payments Sample Clauses

Applicable Debt Reduction and Advance Payments. In the event a forced advance payment is made (not derived from the execution of the Pledge nor due to non-compliance with the Guaranteed Liabilities contained in said Pledge) on the Restructured Debt in accordance with that stipulated in paragraph (b) above, the Bank shall simultaneously reduce the outstanding capital amount of the Restructured Debt by the amount that results from the following formula: MQ = (AV x POA) — (AV x PV) Where: MQ = Amount of the Debt Reduction. AV = Number of Pledged Shares sold. POA = $4.02098 Dollars. PV = Real price of the sale of Pledged Shares sold.