Flex Adjustment definition

Flex Adjustment means the proportionate downward adjustment in the Rights Offering amount and the Plan Equity Value in the event that the Flex Exit Term Facility is funded on the Effective Date in a manner that preserves the 37.5% discount to Plan Equity Value, such that if the aggregate principal amount of the Flex Exit Term Facility is $350 million, the Plan Equity Value will equal $900 million and the Rights Offering amount will equal $540 million.
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Examples of Flex Adjustment in a sentence

  • However, for purposes of preliminary fresh start reporting, the Financial Projections incorporate estimates of the effect of fresh start reporting which are based upon a stipulated Equity Value of $1.25 billion (assuming no Flex Adjustment).

  • Assumed indebtedness outstanding on the exit term loan (assumes no Flex Adjustment), net of debt issuance costs.

  • Both the amount of the Rights Offering and the Plan Equity Value are subject to the Flex Adjustment in the event that the Flex Exit Facility Term Loans are funded on the Effective Date in a manner that preserves the 37.5% discount to Plan Equity Value, as set forth in the Backstop Commitment Agreement, such that if the aggregate principal amount of the Flex Exit Facility Term Loans is $350 million, the Plan Equity Value will equal$900 million and the Rights Offering amount will equal $540 million.

  • Note: The amount you select for Charitable Giving will not be reflected in the total cost of your Benefits in MyFlex and will not be included in the calculation of your Flex Adjustment.

  • This process would usually involve lawyers and investment bankers.

  • You can pass your donation to any number of charities – this will all be managed through your Freedom Account with Charities Trust.The amount you select for Charitable Giving will not be reflected in the total cost of your Benefits in MyFlex and will not be included in the calculation of your Flex Adjustment.

  • Both the amount of the Rights Offering and the Plan Equity Value are subject to the Flex Adjustment in the event that the Flex Exit Facility Term Loans are funded on the Effective Date.

  • Both the amount ofthe Rights Offering and the Plan Equity Value are subject to the Flex Adjustment in the event that the Flex Exit Facility Term Loans are funded on the Effective Date in a manner that preserves the 37.5% discount to Plan Equity Value, as set forth in the Backstop Commitment Agreement, such that if the aggregate principal amount of the Flex Exit Facility Term Loans is $350 million, the Plan Equity Value will equal$900 million and the Rights Offering amount will equal $540 million.

Related to Flex Adjustment

  • CPI Adjustment means the quotient of (i) the CPI for the month of January in the calendar year for which the CPI Adjustment is being determined, divided by (ii) the CPI for January of 2007.

  • SOFR Adjustment means 0.10% (10 basis points).

  • Related Adjustment means, in determining any LIBOR Successor Rate, the first relevant available alternative set forth in the order below that can be determined by the Administrative Agent applicable to such LIBOR Successor Rate:

  • Lot line adjustment means the relocation of the property boundary line in a

  • Post-Closing Adjustment has the meaning set forth in Section 2.04(b)(ii).

  • Term SOFR Adjustment means a percentage equal to 0.10% per annum.

  • Adjustment Price means the lowest Underlying Price within the Adjustment Period after the Underlying Price is for the first time equal to or below the Adjustment Threshold.

  • Adjustment Amount For any Distribution Date, the difference between (A) the sum of the Class A Principal Balance and the Class B Principal Balance as of the related Determination Date and (B) the sum of (i) the sum of the Class A Principal Balance and the Class B Principal Balance as of the Determination Date succeeding such Distribution Date and (ii) the aggregate amount that would have been distributed to all Classes as principal in accordance with Section 4.01(a) for such Distribution Date without regard to the provisos in the definitions of Class B-1 Optimal Principal Amount, Class B-2 Optimal Principal Amount, Class B-3 Optimal Principal Amount, Class B-4 Optimal Principal Amount, Class B-5 Optimal Principal Amount and Class B-6 Optimal Principal Amount.

  • Post-Closing Adjustment Amount has the meaning set forth in Section 2.04(c).

  • ISDA Fallback Adjustment means the spread adjustment (which may be a positive or negative value or zero) that would apply for derivatives transactions referencing the ISDA Definitions to be determined upon the occurrence of an index cessation event with respect to the Benchmark for the applicable tenor.

  • Adjustment Escrow Amount means $2,000,000.

  • Cost of Living Adjustment means the percentage (if any) by which the Consumer Price Index for the month of October preceding the adjustment ex- ceeds the Consumer Price Index for the month of October one year before the month of October preceding date of the adjustment.