Discharge Amount definition

Discharge Amount has the meaning set forth in Section 4.1.2.
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Discharge Amount means the net present value of the stream of the Company's portion of payments for health premiums for the estimated balance (the "Balance") of Executive's life which shall be based upon the premiums being paid by the Company for health insurance benefits or Post-Employment Medical Benefits, as the case may be, at the time the Company's obligation to make the Discharge Payment arises. The Balance shall be determined by an actuary utilized by the Company. The Net Present Value shall be determined by the Company's independent certified accounting firm utilizing a reasonable discount factor. The determination of the Balance and the Net Present Value as provided above shall be final, conclusive and binding on the parties hereto.
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Discharge Amount means, as of a given date, an amount, in cash, equal to: (a) the greater of (x) the Applicable Funded Amount plus (i) if such date is during Calendar Year 2019, Thirty-Five Million Dollars ($35,000,000) or (ii) if such date is during any Calendar Year after 2019, Fifty Million Dollars ($50,000,000) and (y) (i) if such date is prior to the Repayment Start Date, the product of one and three-quarters (1.75) times the Applicable Funded Amount or (ii) if such date is on or after the Repayment Start Date, the product of two (2.00) times the Applicable Funded Amount less (b) all amounts paid by Company to the Lenders under Section 2.7 prior to such date plus (c) any other Obligations which have accrued but which have not yet been paid under any Loan Document, including, without limitation, any amounts due and unpaid pursuant to Section 2.15, Section 10.2 or Section 10.3 (excluding contingent indemnity obligations as to which no claim has yet been asserted or to the extent no amount thereof has been asserted).
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Examples of Discharge Amount in a sentence

  • If the Discharge Amount for all New Liens exceeds $200,000, then unless the Purchaser has the right to terminate this Agreement in accordance with the next sentence and does in fact terminate this Agreement pursuant to this Section 4.1.2, the Sellers shall be obligated to Discharge or otherwise Cure, in whole or in part, one or more of such New Liens such that the Discharge Amount of the New Liens at Closing is reduced by $200,000.

  • If the Discharge Amount for all New Liens does not exceed $200,000, the Sellers shall be obligated to Cure such New Liens prior to or at Closing, at the Sellers’ sole cost and expense.

  • If the Discharge Amount for all New Liens exceeds $400,000, and if the Sellers do not agree in writing to Cure such New Liens in a manner satisfactory to Purchaser, then Purchaser shall have the right to terminate this Agreement by written notice to the Sellers delivered within five (5) Business Days after any Seller either sends or receives notice of a New Lien that would cause the Discharge Amount for all New Liens to exceed $400,000.

  • After any irrevocable deposit of the Discharge Amount made pursuant to Section 12.1 and satisfaction of the other conditions set forth in this Section 12.1, the Trustee promptly upon Issuer Request shall acknowledge in writing the discharge of the Issuer’s obligations under this Indenture except for those surviving obligations specified above.

  • If Buyer so elects, such election to be made no later than two Business Days prior the Closing Date, Buyer shall be entitled to shift in its reasonable discretion pro rata portions of the upper and lower limits of the Buyer Discharge Amount of Parnassos from Parnassos to Western.

  • Subject to Clause 10.2 (Additional Funding Costs), Seller shall pay accrued Funding Charges on the Prepayment on each Payment Date as part of the Discharge Amount.

  • Effective as of the payment of such Discharge Amount to the Lenders, this Agreement shall automatically terminate, subject to Section 10.8.

  • Subject to the next sentence, in the event that following the Closing it is determined that the Redemption and Discharge Amount paid to the Trustee was greater than the amount actually required to be paid to the Trustee to effect the Indenture Redemption and Discharge in accordance with Sections 3.01 and 7.01 of the Master Trust Indenture, Buyer and Seller shall direct the Trustee to promptly pay to Seller by wire transfer of immediately available funds an amount equal to such difference.

  • The Indenture Redemption and Discharge can be effected as of the Closing without consent of the holders of the Master Trust Notes and without penalty or liability to the Acquired Companies (other than the obligation to pay the Redemption and Discharge Amount, including the Prepayment Premium together with the other amounts due pursuant to Section 7.01 and Section 3.01 of the Indenture that will be paid using the Cash and Cash Equivalents of the Acquired Companies).

  • All representations, warranties and agreements made herein shall survive the execution and delivery hereof until the Discharge Amount is paid.


More Definitions of Discharge Amount

Discharge Amount means, in respect of a Surcharge Period, the amount (in US Dollars) of the Outstanding Advances which are reimbursable in full on each Settlement Date for such Surcharge Period, with such amount being equal to (A) the result of (i) the Outstanding Advances on the first day of such Surcharge Period divided by (ii) the total number of Settlement Dates remaining as of such day and until the Maturity Date, less (B) the pro-rata amount (as applied to all Discharge Amounts for the Outstanding Advances then calculated) of any repayments or prepayments made during that Surcharge Period, except to the extent such repayments or prepayments have been made in order to cure any Coverage Ratio Shortfall Event which has been notified to the Seller by the Purchaser.
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Discharge Amount means the aggregate amount required to be paid by or on behalf of the Target Companies (with payment to be procured by the Purchaser under clause 6.3 and Schedule 3) in order to:
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Related to Discharge Amount

  • Finance Charge Account is defined in Section 4.9(a).

  • Required Daily Deposit Target Finance Charge Amount means, for any day in a Due Period, an amount equal to the Class A Tranche Interest Allocation for the related Distribution Date; provided, however, that for purposes of determining the Required Daily Deposit Target Finance Charge Amount on any day on which the Class A Tranche Interest Allocation cannot be determined because the LIBOR Determination Date for the applicable Interest Accrual Period has not yet occurred, the Required Daily Deposit Target Finance Charge Amount shall be the Class A Tranche Interest Allocation determined based on a pro forma calculation made on the assumption that LIBOR will be LIBOR for the applicable period determined on the first day of such calendar month, multiplied by 1.25.

  • Collateral Default Amount means, with respect to any Distribution Date, the product of the Investor Default Amount for such Distribution Date and the Collateral Floating Percentage.

  • Acquisition Amount means, for an Acquired Receivable for which the Acquisition Amount is to be included in Available Funds for a Payment Date, the excess of (i) the present value of the Principal Balance of the Receivable as of the last day of the Collection Period immediately preceding the related Collection Period (calculated using the Discount Rate on the basis of a 360-day year of twelve 30-day months and assuming each amount is received at the end of the Collection Period in which the amount is scheduled to be received) over (ii) all cash collections and any other cash proceeds received by the Issuer on the related Receivable from (but excluding) the last day of the Collection Period immediately preceding the related Collection Period to the day on which such Receivable becomes an Acquired Receivable.

  • Pool Subordinate Amount As to each Mortgage Pool and any Distribution Date, the excess of the Pool Balance for such Mortgage Pool as of the first day of the immediately preceding Collection Period over (i) the Class Principal Amount of the Group 1 Senior Certificates (in the case of Pool 1) or (ii) the aggregate Class Principal Amounts of the Group 2 Senior Certificates (in the case of Pool 2) immediately prior to the related Distribution Date.