Capped Value definition
Examples of Capped Value in a sentence
Upon the sale of the Company, CPG would receive ten percent (10%) of the net distributions to the Members based on the Capped Value.
Capped Value shall be determined by multiplying the net Sale price (purchase price less debt and Capital Contributions) by a fraction of which the numerator shall be the net revenues for the twelve (12) months previous to the end of the Term and the denominator of which shall be net revenues for the twelve (12) months previous to the determination of the purchase price for the Company.
If a Capped Value is specified in the applicable term sheet, investors must be willing to accept a return that will not exceed the return represented by the Capped Value.
For purposes of a sale or transfer of substantially all of the assets or membership interests in the Company (“Sale”), the Capped Value shall be set at the net value of the Company at the end of the Term.
In addition, if a Capped Value is specified in the applicable Term Sheet, because the Redemption Amount will not exceed that Capped Value, we do not expect that MITTS will trade in the secondary market above that Capped Value.
If specified in the applicable term sheet, the Redemption Amount will not exceed a Capped Value.
We will determine the applicable Capped Value on the pricing date of each series of ▇▇▇▇.
This Guaranty is a guaranty of prompt payment and performance and not of collection, and is limited to payment and performance of the Guaranteed Obligations up to the Guaranty Capped Value.
In addition, because the Redemption Amount will not exceed the applicable Capped Value, we do not expect that the ▇▇▇▇ will trade in the secondary market above that Capped Value.
In addition, if your LIRNs are Capped LIRNs, the Redemption Amount will not exceed the applicable Capped Value, and we do not expect that the Capped LIRNs will trade in the secondary market above that Capped Value.