Basket Payment definition

Basket Payment means an amount of Cash equal to the aggregate NAV of Shares included in one or more Baskets that are part of an Order.
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Basket Payment means any of the following: (i) any Exide Parent Payment, (ii) the making of any Investment in an Affiliate (other than Exide Parent, the Issuer or any of their Restricted Subsidiaries) or any Unrestricted Subsidiary, other than a Permitted Investment, and (iii) any Subordinated Indebtedness Prepayment.
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Examples of Basket Payment in a sentence

  • After the calculation of NAV on the Order Date for a Redemption Order, the Creation and Redemption Agent shall communicate the amount of the Basket Payment to be paid by the Trust to the Authorized Participant by sending a facsimile or electronic mail message to the Authorized Participant no later than 7:00 p.m. (New York time) on the Order Date of a Redemption Order.

  • The foregoing provisions notwithstanding, the Authorized Participant shall not be liable for any failure or delay in making a Basket Payment in respect of a Purchase Order or for any failure or delay in surrendering Shares for redemption arising from any events set forth in, or similar to those contemplated in, Section 15 hereto.

  • At each Recurring Basket Payment anniversary, the Parties shall repeat the procedure set forth in Sections 10.7.1 through 10.7.4, mutatis mutandi.

  • The Authorized Participant will not, however, be responsible for costs and expenses incurred by the Trust, the Sponsor or the Transfer Agent related to cancelled Orders to the extent the failure to transfer the Basket Payment to the Trust is due to the gross negligence, bad faith or willful misconduct of the Transfer Agent or the Sponsor.

  • After the calculation of NAV on the Order Date of a Purchase Order, the Creation and Redemption Agent shall communicate the amount of the Basket Payment to be paid by the Authorized Participant by sending a facsimile or electronic mail message to the Authorized Participant no later than 7:00 p.m. (New York time) on the Order Date of a Purchase Order.

  • Prior to the transmission of the Creation and Redemption Agent's confirmation of acceptance, a Redemption Order will only represent the Authorized Participant's unilateral offer to redeem the Shares specified in such Redemption Order in exchange for the related Basket Payment and will have no binding effect upon the Trust, the Sponsor, the Creation and Redemption Agent or any other party.

  • Prior to the transmission of the Creation and Redemption Agent's confirmation of acceptance, a Purchase Order will only represent the Authorized Participant's unilateral offer to deposit the Basket Payment in exchange for one or more Baskets and will have no binding effect upon the Trust, the Sponsor or the Creation and Redemption Agent or any other party.

  • In case on the first (1st) Recurring Basket Payment anniversary the amount of the subsequent Recurring Basket has not yet been reached, the entire amount of Losses accumulated therein until then shall be paid by the Sellers to Buyer (regardless of the accumulated amount) as set forth in Section 10.7.4.

  • In case on the first (1st) Basket Payment anniversary the amount of the Recurring Basket has not yet been reached, the entire amount of Losses accumulated in the Recurring Basket until then shall be paid by the Sellers to Buyer (regardless of the accumulated amount) as set forth in Section 10.7.4.

  • Once the Basket Payment has been made, the liability of Sellers for Losses arising from Indemnity Events may only be again triggered or demanded by Buyer once the aggregate amount of Losses sustained, incurred or disbursed by the Buyer Indemnified Parties and payable by Sellers reaches, in the aggregate, an amount equal to or greater than [**] Reais (R$[**]) (“Recurring Basket”).