Inception Amount definition
Inception Amount means $[ ], being the difference on the Inception Date between $2.4 billion and the Reference Amount. The parties understand, acknowledge and agree that: (i) on April 1, 2013, the market value of the Existing Sargon Positions (including any cash and other property in the Old Sargon Portfolio, but net of any margin indebtedness) that are “rolled into” the New Sargon Portfolio may be more or less than the Reference Amount; and (ii) regardless of the market value of the Existing Sargon Positions as of April 1, 2013, the Hurdle set forth in Section 5 below will be calculated using the sum of the Inception Amount and the Reference Amount (which add to $2.4 billion).
Examples of Inception Amount in a sentence
By: /s/ ▇▇▇▇▇ ▇▇▇▇ Name: ▇▇▇▇▇ ▇▇▇▇ Title: Executive Officer Holder Address Date of Loan Inception Amount Fuse Management Corp.