Early Termination Rate definition

Early Termination Rate means the lesser of (i) 6.5% per annum, compounded annually, and (ii) LIBOR plus 100 basis points.

Early Termination Rate means LIBOR plus 100 basis points.

Early Termination Rate means the lesser of (i) 6.5% and (ii) the Agreed Rate.

Examples of Early Termination Rate in a sentence

• In determining the materiality of the outcome of a Tax Contest under this clause (vi), Brighthouse’s harm shall be measured by the amount of any cash paid and the present value of any lost Tax Attributes, computed using a discount rate equal to the Early Termination Rate (as defined in the Tax Receivables Agreement).

• The payment due to a TRA Holder in connection with an early termination described in Section 3.01(a) (the “Early Termination Payment”) shall be an amount equal to the present value, discounted at the Early Termination Rate as of the Early Termination Date, of all Tax Benefit Payments that the Corporation would be required to pay to the TRA Holder beginning from the Early Termination Date and assuming that the Valuation Assumptions are applied.

• A Participant’s “Early Termination Amount” equals the present value, discounted at the Early Termination Rate as of the date of the applicable Acceleration Event, of the Participant’s Tax Benefit Payments that would be required to be paid by the Corporation for each Taxable Year beginning from the date of the Acceleration Event assuming the Valuation Assumptions are applied.

• The payment due to a TRA Holder in connection with an early termination described in Section 3.01(a) or 3.01(b) (the “Early Termination Payment”) shall be an amount equal to the present value, discounted at the Early Termination Rate as of the Early Termination Date, of all Tax Benefit Payments that the Corporation would be required to pay to the TRA Holder beginning from the Early Termination Date and assuming that the Valuation Assumptions are applied.

• The payment due to a TRA Holder in connection with an early termination described in Section 3.01(a) (the “Early Termination Payment”) shall be an amount equal to the TRA Holder’s Sharing Percentage multiplied by the present value, discounted at the Early Termination Rate as of the Early Termination Date, of all Tax Benefit Payments that the Corporation would be required to pay beginning from the Early Termination Date and assuming that the Valuation Assumptions are applied.

More Definitions of Early Termination Rate

Early Termination Rate means the lesser of (i) 6.5% and (ii) SOFR plus 400 basis points.

Early Termination Rate means the Applicable Treasury Rate.

Early Termination Rate means the Agreed Rate.

Early Termination Rate means the Applicable Treasury Rate plus 300 basis points.

Early Termination Rate means a per annum rate of SOFR plus 150 basis points.

Early Termination Rate means the Long-Term Treasury Rate in effect on the applicable date plus 300 basis points.

Early Termination Rate means 8% per annum.