CALL CAP definition

CALL CAP means the following respective amounts as to each respective EQUITY HOLDER: (i) as to LAZARD, the “CALL CAP” shall be Four Million Seven Hundred Eighty-Eight Thousand Dollars ($4,788,000.00); and (ii) as to STERLING, the “CALL CAP” shall, jointly and severally with respect to each entity that is collectively defined as being “STERLING,” be Two Million Two Hundred Twelve Thousand Dollars ($2,212,000.00).
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Examples of CALL CAP in a sentence

  • The amount of the respective "CALL CAP" (as that term is defined in the CALL AGREEMENT) as to each respective EQUITY HOLDER shall be: (a) an amount equal to sixty percent (60%) of the MAXIMUM LOAN AMOUNT as to LAZARD; and (b) an amount equal to forty percent (40%) of the MAXIMUM LOAN AMOUNT as to STERLING.

  • Provided that the EQUITY HOLDER timely makes all of the payments required under this AGREEMENT, the EQUITY HOLDER’s total liability hereunder, at any particular time, shall not exceed the CALL CAP.

  • The CALL AGREEMENT shall secure the payment and performance by the BORROWER of the OBLIGATIONS; subject to the respective amounts of the CALL CAP.

  • Each EQUITY HOLDER hereby covenants and agrees at all times to maintain FUND AVAILABILITY in an amount not less than the amount of its respective CALL CAP.

Related to CALL CAP

  • VWAP Minimum Price Threshold means, with respect to any particular VWAP Purchase Notice, the Sale Price on the VWAP Purchase Date equal to the greater of (i) 80% of the Closing Sale Price on the Business Day immediately preceding the VWAP Purchase Date or (ii) such higher price as set forth by the Company in the VWAP Purchase Notice.

  • VWAP Purchase Share Volume Maximum means a number of shares of Common Stock traded on the Principal Market during normal trading hours on the VWAP Purchase Date equal to: (i) the VWAP Purchase Share Estimate, divided by (ii) the VWAP Purchase Share Percentage (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction).

  • VWAP Purchase Share Amount means, with respect to a VWAP Purchase made pursuant to Section 3.1, the number of Shares to be purchased by the Investor in such VWAP Purchase as specified by the Company in the applicable VWAP Purchase Notice, which number of Shares shall not exceed the applicable VWAP Purchase Maximum Amount.

  • Highest Closing Price means the highest closing price for shares of Substitute Common Stock within the six-month period immediately preceding the date the Substitute Option Holder gives notice of the required repurchase of the Substitute Option or the Substitute Share Owner gives notice of the required repurchase of the Substitute Shares, as applicable.

  • Applicable Par Call Date means (i) with respect to the 2027 Notes, February 17, 2027 (the date that is one month prior to the scheduled maturity date for the 2027 Notes) and (ii) with respect to the 2032 Notes, December 17, 2031 (the date that is three months prior to the scheduled maturity date for the 2032 Notes).