Adjustment Payment definition

Adjustment Payment means, in respect of any Security, the payment (if any) determined by the Determination Agent as is required in order to reduce or eliminate, to the extent reasonably practicable, any transfer of economic value to or from the Issuer as a result of the replacement of the Index by the Alternative Pre-nominated Index. The Determination Agent may determine that the Adjustment Payment is zero.

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Adjustment Payment shall have the meaning specified in Section 3.09(a).

Adjustment Payment has the meaning set forth in Section 2.6(e).

Examples of Adjustment Payment in a sentence

• Prior to the expiration of any Extension Period, the Company may further extend such Extension Period to any subsequent Contract Adjustment Payment Date, but not beyond the Purchase Contract Settlement Date (or any applicable Fundamental Change Early Settlement Date or Contract Adjustment Payment Date immediately preceding the Early Settlement Date, as the case may be).

• If the book-entry system for the Units has been terminated, the Contract Adjustment Payments will be payable by check mailed to the address of the Person entitled thereto at such Person’s address as it appears on the Security Register, or, if such Person so requests and designates an account in writing to the Purchase Contract Agent at least five Business Days prior to the Contract Adjustment Payment Date, by wire transfer to such account.

• Upon any Early Settlement, the Holder’s right to receive future Contract Adjustment Payments and any accrued and unpaid Contract Adjustment Payments for the period since the most recent Contract Adjustment Payment Date (including any accrued and unpaid deferred Contract Adjustment Payments and Compounded Contract Adjustment Payments thereon) will terminate.

• The Company may pay any such deferred Contract Adjustment Payments (including Compounded Contract Adjustment Payments thereon) on any scheduled Contract Adjustment Payment Date to the Holder on the related Record Date, subject to sub-section (c) below.

• For the avoidance of doubt, subject to the Company’s right to defer Contract Adjustment Payments pursuant to Section 5.12, each Holder on any Record Date shall be entitled to receive the full Contract Adjustment Payment due on the related Contract Adjustment Payment Date regardless of whether such Holder elects to settle the relevant Purchase Contract early (whether pursuant to Section 5.05(b)(ii) or Section 5.08) following such Record Date.

More Definitions of Adjustment Payment

Adjustment Payment shall have the meaning set forth in Section 2.2(b)(iii).

Adjustment Payment has the meaning specified in Section 3.08(a) of the Transfer and Servicing Agreement.

Adjustment Payment shall have the meaning assigned thereto in Section 4.10(e).

Adjustment Payment shall have the meaning specified in Section ------------------ 3.8

Adjustment Payment shall have the meaning specified in Section 3.9 of the Trust Sale and Servicing Agreement.

Adjustment Payment has the meaning set forth in Section 3.3(a) of this Agreement.

Adjustment Payment means any Purchase Price Credit, Repurchase Price or Special Adjustment Amount (as defined in the applicable Sale Agreement) payable to Seller (including as assignee of Finance LLC) or its assigns pursuant to a Sale Agreement.