Capital APEX definition

Capital APEX means a beneficial interest in the Issuer Trust, having a Liquidation Amount of $1,000 per Capital APEX and having the rights provided for Capital APEX in this Trust Agreement, including the right to receive Distributions and a Liquidation Distribution as provided herein.
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Capital APEX means the Capital APEX issued pursuant to the Trust Agreement.
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Capital APEX has the meaning specified in the Declaration of Trust.
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Examples of Capital APEX in a sentence

  • Dated: Signature NOTICE: The signature to this assignment must correspond with the name as it appears upon the face of the within Capital APEX Certificates in every particular, without alteration or enlargement or any change whatsoever.

  • The information provided is general in nature and does not form a part of a proposed contract.

  • Upon written instruction of the Depositor (accompanied by a notice prepared in accordance with the requirements of this Section 5.18), the Property Trustee will give holders of Normal APEX and Capital APEX, and will request that the Clearing Agency give to its participants holding Normal APEX or Capital APEX, notice of a Remarketing at least 21 days prior to the first day of the related Remarketing Period.

  • Trust Agreement Section 5.13(d) of the Trust Agreement provides for the procedures pursuant to which Holders of Capital APEX and Stripped APEX may exchange them for Normal APEX and Qualifying Treasury Securities and Section 5.14(f) of the Trust Agreement provides for the procedures pursuant to which Holders of Capital APEX may elect to dispose of Capital APEX in the event a Remarketing is Successful.

  • Section 5.13(b) of the Trust Agreement provides for the procedures pursuant to which Holders of Normal APEX may exchange Normal APEX and Qualifying Treasury Securities for Stripped APEX and Trust Agreement Capital APEX and Section 5.14(d) of the Trust Agreement provides for the procedures pursuant to which Holders of Normal APEX may elect to exchange Normal APEX and Qualifying Treasury Securities for Stripped APEX and Capital APEX in the event a Remarketing is Successful.

  • The Trust will issue the APEX in three series that will correspond to different assets of the Trust: Normal APEX, Stripped APEX and Capital APEX.

  • For so long as Notes are included within the Trust Property, within five Business Days after the receipt of notice of the Depositor’s exercise of its right to defer the payment of interest on the Notes pursuant to the Indenture, the Property Trustee or the Administrative Trustees shall transmit, in the manner and to the extent provided in Section 12.9, notice of such exercise to the Holders of the Normal APEX and the Capital APEX, unless by like notice such exercise shall have been revoked.

  • At September 30, 2014, our investment in the ECHO JV was $6.2 million.

  • Yes, it’s about providing our users unbiased access to information, focusing on their needs and giving them the best products and services that we can.

  • Unless indicated otherwise, as used in this prospectus supplement, “APEX” will include all three series of the APEX: Normal APEX, Stripped APEX and Capital APEX.


More Definitions of Capital APEX

Capital APEX means a beneficial interest in the Issuer Trust, having a Liquidation Amount of $1,000 per Capital APEX and having the rights provided for Capital APEX in this Declaration of Trust, including the right to receive Distributions and a Liquidation Distribution as provided herein.
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Capital APEX. Payable on each Capital APEX Distribution Date prior to the Stock Purchase Date at the rate of three-month LIBOR for such Distribution Period plus 0.57% per annum, accruing for each Capital APEX from the Capital APEX Distribution Date immediately preceding its issuance. Day Count: Actual / 360 Maturity of Remarketable Floating Rate Junior Subordinated Notes: September 1, 2043 Interest Rate on Remarketable Floating Rate Junior Subordinated Notes to the Remarketing Settlement Date: Floating rate per annum equal to three-month LIBOR plus 0.57%, accruing from May 15, 2007. Interest Payment Dates of Remarketable Floating Rate Junior Subordinated Notes: March 1, June 1, September 1 and December 1, commencing September 1, 2007 Reset Caps on Remarketing of Remarketable Floating Rate Junior Subordinated Notes: The Fixed Rate Reset Cap will be the prevailing market yield, as determined by the Remarketing Agent, of the benchmark U.S. treasury security having a remaining maturity that most closely corresponds to the period from such date until the earliest date on which the Junior Subordinated Notes may be redeemed at GS Group’s option in the event of a successful Remarketing, plus 350 basis points, or 3.500% per annum, and the Floating Rate Reset Cap will be 300 basis points, or 3.00% per annum. Contract Payment Rate: 0.200% per annum, accruing from May 15, 2007. Dividend Rate on the Series F Preferred Stock: For any Dividend Period ending prior to September 1, 2012, a rate per annum equal to three-month LIBOR for the related Dividend Period plus 0.77% per annum. For any Dividend Payment ending after September 1, 2012, a rate per annum equal to the greater of (x) three-month LIBOR for the related Dividend Period plus 0.77% and (y) 4.00%.
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Capital APEX has the meaning specified in the Trust Agreement.
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Capital APEX has the meaning specified in Recital A.
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Capital APEX. Payable on each Capital APEX Distribution Date prior to the Stock Purchase Date at the rate of 5.593% per annum, accruing for each Capital APEX from the Capital APEX Distribution Date immediately preceding its issuance. Interest Rate on Junior Subordinated Notes to the Remarketing Settlement Date: 5.593% per annum, accruing from May 15, 2007.
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Related to Capital APEX

  • Capital Asset means, with respect to the Borrower and its Subsidiaries, any asset that should, in accordance with GAAP, be classified and accounted for as a capital asset on a Consolidated balance sheet of the Borrower and its Subsidiaries.

  • Capital Accounts An individual capital account shall be maintained for each Partner, and capital contributions to the Partnership by the Partners shall be credited to such accounts. Partnership profits or losses shall also be charged or credited to the separate capital accounts in the manner provided in this Agreement. No interest shall be paid on the capital account of any Partner.

  • Capital Budget has the meaning given in Section 3.11(a).

  • Target Net Working Capital Amount means $5,000,000.

  • Capital Account means, with respect to any Member, the capital account maintained for such Member in accordance with the following provisions:

  • Target Capital Account means the Capital Account of a Member as of the end of each fiscal year, increased by any amount that such Member is obligated to restore under this Agreement, is treated as obligated to restore under Treasury Regulations Section 1.704-1(b)(2)(ii)(c), or is deemed obligated to restore under the penultimate sentences of Treasury Regulations Section 1.704-2(g)(1) and (i)(5).

  • Capital and Surplus means, as to any Insurance Subsidiary, as of any date, the total amount shown on line 38, page 3, column 1 (or such other line on which the equivalent information is provided on any other such Annual Statement) of the Annual Statement of such Insurance Subsidiary as of such date, or an amount determined in a consistent manner for any date other than one as of which an Annual Statement is prepared.

  • Partner Nonrecourse Debt Minimum Gain has the meaning set forth in Treasury Regulation Section 1.704-2(i)(2).

  • Expansion Capital Expenditures means cash expenditures for Acquisitions or Capital Improvements. Expansion Capital Expenditures shall include interest (including periodic net payments under related interest rate swap agreements) and related fees paid during the Construction Period on Construction Debt. Where cash expenditures are made in part for Expansion Capital Expenditures and in part for other purposes, the General Partner shall determine the allocation between the amounts paid for each.

  • Consolidated Maintenance Capital Expenditures means, for any period, the aggregate amount of expenditures for additions to property, plant, and equipment that are not Consolidated Expansion Capital Expenditures.

  • Capital Expenditure Budget shall constitute an estimate for the applicable period of the capital expenditures required to (i) accomplish capital enhancement projects included in the most recently approved Strategic Plan, (ii) maintain and preserve the Partnership's assets in good operating condition and repair and (iii) achieve or maintain compliance with any HSE Law.

  • Capital Base means, at any date, the sum of Tangible Net Worth and Subordinated Debt.

  • Consolidated Capital Expenditures means, with reference to any period, the Capital Expenditures of the Borrower and its Subsidiaries calculated on a consolidated basis for such period.

  • Unreturned Capital Contributions means all Capital Contributions made by a Class A Member less any returned capital.

  • Nonrecourse Built-in Gain means with respect to any Contributed Properties or Adjusted Properties that are subject to a mortgage or pledge securing a Nonrecourse Liability, the amount of any taxable gain that would be allocated to the Partners pursuant to Section 6.2(b) if such properties were disposed of in a taxable transaction in full satisfaction of such liabilities and for no other consideration.

  • Target Working Capital Amount means Nineteen Million Dollars ($19,000,000).

  • Maintenance Capital Expenditure means cash expenditures (including expenditures for the construction of new capital assets or the replacement, improvement or expansion of existing capital assets) by a Group Member made to maintain, over the long term, the operating capacity or operating income of the Partnership Group. For purposes of this definition, “long term” generally refers to a period of not less than twelve months.

  • Member Nonrecourse Debt Minimum Gain means an amount, with respect to each Member Nonrecourse Debt, equal to the Company Minimum Gain that would result if such Member Nonrecourse Debt were treated as a Nonrecourse Liability, determined in accordance with Regulations Section 1.704-2(i)(3).

  • Approved Capital Expenditures means Capital Expenditures incurred by Borrower and either (i) included in the Approved Annual Budget or (ii) approved by Lender, which approval shall not be unreasonably withheld or delayed.

  • Capital Assets means, with respect to any person, all equipment, fixed assets and Real Property or improvements of such person, or replacements or substitutions therefor or additions thereto, that, in accordance with GAAP, have been or should be reflected as additions to property, plant or equipment on the balance sheet of such person.

  • Required Capital Amount has the meaning set forth in Section 5(e) of this Supplement.

  • Capital Expenditure Reserve means, on an annual basis, an amount equal to $0.15 per square foot for each property owned by a Borrower or the Parent (or a Subsidiary thereof).

  • Net Working Capital Amount means, with respect to a Participating McNeil Partnership, the excess of the Positive Excess Cash Balance of such Participating McNeil Partnership over the cash on hand of such Participating McNeil Partnership immediately prior to the Effective Time.

  • Maintenance Capital Expenditures means cash expenditures (including expenditures for the addition or improvement to the capital assets owned by any Group Member or for the acquisition of existing, or the construction of new, capital assets) if such expenditures are made to maintain, including over the long term, the operating capacity or revenues of the Partnership Group.

  • Permitted Capital Expenditures has the meaning given that term in Section 9.12(b).

  • Partner Nonrecourse Debt has the meaning set forth in Treasury Regulation Section 1.704-2(b)(4).