Debt Equivalent definition

Debt Equivalent means the value of a position in a Debt Derivative that is equivalent to the value had it been a physical position in the underlying Debt Instrument calculated in accordance with Part A3.16 of Annexure 3 to this Schedule 1A.
View Source

Examples of Debt Equivalent in a sentence

  • Line 51 - Purchase Power Debt Equivalent - Present value of purchased power capacity obligation.

  • Such 2011 Noteholder Debt Equivalent Securities are owned of record by each of the 2011 Noteholders in the “Pro-Rata Amounts” set forth in Section 1(c) below.

  • A Material Change is any one or more of the following events set out below which taken alone or together, materially affect or have been an essential element in materially affecting, the existing: • ability of ALC or RailCorp to carry out the project; or • ability of the Stations Business to generate Cumulative Excess Cash Flow equal to the Debt Equivalent Amount; or • level or timing of revenues or outgoings of ALC or RailCorp in relation to the project.

  • Line 50 - Operating Lease Debt Equivalent - Present value of future lease payments for various operating leases including railcars, the 345 KV line from Wolf Creek to LaCygne and facilities for 1201 Walnut and 801 Charlotte.

  • Specifically, the Agreement provides for RailCorp to receive as a Train Service Fee, 50% of all Excess Cash Flow generated by ALC in excess of a present value of $181,969,549 (Revenue Sharing Threshold) up to a present value of $212,009,777 (Debt Equivalent Amount) and 85% of all Excess Cash Flow thereafter.

  • The Debt Equivalent Amount is an agreed senior debt value as at 30 September 2001.

Related to Debt Equivalent

  • Interest Equivalent means a yield on a 360-day basis of a discount basis security which is equal to the yield on an equivalent interest-bearing security.

  • Equity Equivalents means with respect to any Person any rights, warrants, options, convertible securities, exchangeable securities, indebtedness or other rights, in each case exercisable for or convertible or exchangeable into, directly or indirectly, Equity Interests of such Person or securities exercisable for or convertible or exchangeable into Equity Interests of such Person, whether at the time of issuance or upon the passage of time or the occurrence of some future event.

  • Lead equivalent means the thickness of lead affording the same attenuation, under specified conditions, as the material in question.

  • Permitted Cash Equivalent Investments means (i) marketable direct obligations issued or unconditionally guaranteed by the United States or any agency or any State thereof having maturities of not more than two (2) years from the date of acquisition and (ii) commercial paper maturing no more than one (1) year after its creation and having the highest rating from either Standard & Poor’s Ratings Group or ▇▇▇▇▇’▇ Investors Service, Inc.

  • Incremental Equivalent Debt has the meaning assigned to such term in Section 6.01(a)(xxiii).