FC Equity Value definition
FC Equity Value of any Asset Pool shall mean the amount determined by multiplying (A) the FC Percentage in the PFAL Portfolio Entity which owns such Asset Pool by (B) the amount by which (x) the Net Present Value of the assets of such Asset Pool exceeds (y) the sum of outstanding principal amount of Indebtedness of the PFAL Portfolio Entity incurred with respect to the acquisition of such Asset Pool plus the proportional amount (determined on the basis of the Net Present Value of such Asset Pool relative to the Net Present Value of all Asset Pools) of other Indebtedness (if any) of such PFAL Portfolio Entity other than any such Indebtedness incurred to finance the acquisition of a different Asset Pool of such PFAL Portfolio Entity plus the proportional amount (determined on the basis of the Net Present Value of such Asset Pool relative to the Net Present Value of all Asset Pools) of the outstanding amount of all other obligations in respect of which such PFAL Portfolio Entity has issued any Guaranty Equivalent (if any).
FC Equity Value of any Existing S Co. or Mid Tier Company Post-AE which is not a PFAL Portfolio Entity (any such Mid-Tier Company, an "Applicable Mid-Tier Company") shall mean the amount determined by multiplying (A) the FC Percentage in such Existing S Co. or Applicable Mid-Tier Company by (B) the amount by which (x) the Net Present Value of the assets of such Existing S Co. or Applicable Mid-Tier Company (other than assets consisting of Equity Interests issued by any other Secondary Obligor) exceeds (y) the sum of outstanding principal amount of Indebtedness of such Existing S Co. or Applicable Mid-Tier Company (as the case may be) plus (without duplication) the outstanding principal amount of all obligations in respect of which such Existing S Co. or Applicable Mid-Tier Company (as the case may be) has issued any Guaranty Equivalent.