Cushion definition

Cushion means, for each Business Day until the Termination Date, the greater of (a) $0 and (b) the Adjusted Cushion Amount minus the net loss (or plus the net gain) on all transactions of the Fund in respect of Investments and Other Investment Positions made, entered into or terminated on such Business Day solely to the extent that such net losses (or net gains) are not otherwise included in the Aggregate NAV of the Fund.

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Cushion has the meaning provided in Section 3.3(a).

Cushion means that part of a seat on which a person using the seat sits, whether padded or not;

Examples of Cushion in a sentence

The Trading Cushion shall have elapsed since the immediately preceding Put Date.
The Trading Cushion shall have elapsed since the next preceding Put Date.
Escrow Cushion Requirement Authority is granted to Servicer to negotiate down or remove any escrow cushion requirement used for escrow analysis.
The Owner has ownership of the Schedule Cushion and can elect to use it at any time in respect to an Owner initiated Change Order or upon the occurrence of any event of delay which would otherwise grant to the Contractor an extension of Contract Time provided any portion of the Schedule Cushion which has not been used by the Owner prior to the Substantial Performance Date will be given to the Contractor.
The Trading Cushion shall have elapsed since the immediately preceding Optional Purchase Date and Closing Date.

More Definitions of Cushion

Cushion means, on any Business Day, an amount equal to the “sum” of:

Cushion has the meaning provided in SECTION 3.3(A).

Cushion or “Pad Gas” means a volume of gas used to maintain pressure and deliverability in the Storage Reservoir.

Cushion means an amount expressed as a percentage equal to (i) NAV%RP minus the Adjusted Bond Floor, divided by (ii) NAV%RP;

Cushion the percentage at which the ownership of the TCV Affiliates and the SH Affiliates together falls within the guidelines expressed by the Company's Tax Counsel. This percentage requires that the TCV Affiliates and the SH Affiliates own less than a majority of the voting interest and value of the Company at any point and has been set at 47% to allow some cushion for calculation purposes. "CS" -- the closing sales price of the Common Stock (adjusted as necessary to give effect to the Reverse Stock Split) on The Nasdaq National Market (or, if the Common Stock is not so traded,

Cushion means the ratio of (i) the applicable covenant ratio calculated on a pro forma basis, to (ii) the specified covenant level, minus one, and expressed as a percentage.

Cushion shall have the meaning assigned to it in Section 5.6.