ATP Basic Maintenance Amount definition

ATP Basic Maintenance Amount as of any Valuation Date means the dollar amount equal to the sum of
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ATP Basic Maintenance Amount as of any Valuation Date means the dollar amount equal to the sum of (A) the sum of the products resulting from multiplying the number of Outstanding shares of each series of ATP on such date by the liquidation preference per share of such series (B) the aggregate amount of dividends that will have accumulated at the Applicable Rate (whether or not earned or declared) to and including the first following Dividend Payment Date for each share of ATP Outstanding that follows such Valuation Date (or to the 42nd day after such Valuation Date, if such 42nd day occurs before the first following Dividend Payment Date); (C) the aggregate amount of dividends that would accumulate at the then current Maximum Applicable Rate for a Standard Term Period multiplied by the Volatility Factor on any shares of ATP Outstanding from the first day following the Dividend Payment Date referred to in (B) above through the 42nd day after such Valuation Date. Only if such 42nd day occurs after the first day following the Dividend Payment Date, except that if such Valuation Date occurs during a Default Period, the dividend for purposes of the calculation would accumulate at the Default Rate; (D) the amount of anticipated Corporation expenses for the 90 days subsequent to such Valuation Date;
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ATP Basic Maintenance Amount as of any Valuation Date means the dollar amount equal to the sum of (A) the product of the number of Outstanding shares of ATP on such date multiplied by $50,000; (B) the aggregate amount of dividends that will have accumulated at the Applicable Rate (whether or not earned or declared) to and including the first following Dividend Payment Date for each share of ATP Outstanding that follows such Valuation Date (or to the 42nd day after such Valuation Date, if such 42nd day occurs before the first following Dividend Payment Date); (C) the aggregate amount of dividends that would accumulate at the then current Maximum Applicable Rate for a Standard Term Period multiplied by the Volatility Factor on any shares of ATP Outstanding from the first day following the Dividend Payment Date referred to in (B) above through the 42nd day after such Valuation Date, only if such 42nd day occurs after the first day following the Dividend Payment Date, except that if such Valuation Date occurs during a Default Period, the dividend for purposes of the calculation would accumulate at the Default Rate; (D) the amount of anticipated Corporation expenses for the 90 days subsequent to such Valuation Date; (E) any current liabilities, including, without limitation, indebtedness due within one year and any redemption premium due with respect to shares of ATP for which a Notice of Redemption has been given, as of such Valuation Date to the extent not reflected in any of (i)(A) through (i)(D); and (F) without duplication, 10% of the exercise price of any call option written by the Corporation and the exercise price of any put option written by the Corporation; less (ii) the sum of any cash or the value of any Corporation assets irrevocably deposited by the Corporation for the payment of any of (i)(B) through (i)(F) ("value" for purposes of this clause (ii) shall mean the Discounted Value of the security, except that if the security matures prior to the relevant redemption payment date and is either fully guaranteed by the U.S. Government or is rated P1 by Moody's and A1 + by S&P, it will be valued at its face value).
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Examples of ATP Basic Maintenance Amount in a sentence

  • If any other Accountant's Certificate shows that an error was made in any such report, the calculation or determination made by the Corporation's independent accountants will be conclusive and binding on the Corporation; provided, however, any errors shown in the Accountant's Certificate filed on a quarterly basis shall not be deemed to be a failure to maintain the ATP Basic Maintenance Amount on any prior Valuation Dates.

  • Where the Corporation sells an asset and agrees to repurchase such asset in the future the Discounted Value of such asset will constitute a Fitch Eligible Asset and the amount the Corporation is required to pay upon repurchase of such asset will count as a liability for the purposes of the ATP Basic Maintenance Amount.

  • Under the Fund's Articles, the Fund must maintain (i) as of each Valuation Date, Eligible Assets having, in the aggregate, a Discounted Value at least equal to the ATP Basic Maintenance Amount, and (ii) as of the last Business Day of each month, 1940 Act ATP Asset Coverage of at least 200%.

  • Notwithstanding the foregoing, an asset will not be considered a Fitch Eligible Asset to the extent that it has been irrevocably deposited for the payment of (i)(A) through (i)(F) under the definition of ATP Basic Maintenance Amount or it is subject to any material lien mortgage, pledge, security interest or security agreement of any kind (collectively, Liens").