Incremental Payment Amount definition

Incremental Payment Amount means, with respect to each series of Senior Notes, (a) if the amount of Excess Cash is equal to or greater than the sum of all Series Accrued Amounts, the Series Accrued Amount for such series, (b) if the amount of Excess Cash is less than the sum of all Series Accrued Amounts but greater than zero, an amount equal to Excess Cash multiplied by the Series Ratable Share for such series, or (c) if Excess Cash is zero, zero.
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Incremental Payment Amount means, with respect to each series of Senior Notes, (a) if the amount of Excess Cash is equal to or greater than the sum of all Series Accrued Amounts, the Series Accrued Amount for such series, (b) if the amount of Excess Cash is less than the sum of all Series Accrued Amounts but greater than zero, an amount equal to Excess Cash multiplied by the Series Ratable Share for such series, or (c) if Excess Cash is zero, zero. “Series Accrued Amount” means, with respect to any series of Senior Notes, the Series Accrued Amount specified on Annex 2 with respect to such series of Senior Notes. “Series Ratable Share” means, with respect to any series of Senior Notes, the Series Ratable Share specified on Annex 2 with respect to such series of Senior Notes. Payment of the Incremental Payments shall be made to every holder of each series of Senior Notes in respect of the portion of the Series Accrued Amounts related to such holder’s holdings in such series of Senior Notes. For the avoidance of doubt, for purposes of determining distributions of New Common Stock, Takeback Debt, and Surplus Cash, the allowed amount of Senior Notes Claims shall be reduced on a dollar-for-dollar basis by the amount of Incremental Payments that are to be made on the Plan Effective Date.
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Incremental Payment Amount has the meaning set forth in Section 12.2.1.
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Examples of Incremental Payment Amount in a sentence

  • Exhibit D Page 1 Month Total Cumulative% SRSG/ Others/ SFINCS % SRSG/ Others/ SFINCS Total Cumulative% Services % Services Total Cumulative% Total Monthly% Incremental Payment Amount Cumulative Payment Amount Incremental Payment Amount Cumulative Payment Amount [*] [*] * Confidential Treatment Requested Project Name: Progress Report No. XX [Month Year] TABLE OF CONTENTS 1.0 EXECUTIVE SUMMARY 2.0 DESCRIPTION OF SERVICES A.

  • The Incremental Payments allocable to each holder of each series of Senior Notes shall be based on each such series’s pro rata share of the Incremental Payment Amount (as defined below).

  • Buyer shall confirm the full payment of such Incremental Payment Amount in the next succeeding notice.

  • No Incremental Payment Amount shall be payable in respect of any share of Series B Convertible Preferred Stock redeemed, repurchased or converted prior to October 20, 2016.” Section 8.