Investment Unit definition
Examples of Investment Unit in a sentence
Each Note Party, the Administrative Agent and each Holder agree that (a) the Holder Warrants constitute “Investment Units” as that term is defined in section 1273(c)(2) of the Internal Revenue Code, and (b) the issue price of the Investment Unit is $135,800,000, consisting of Tranche A Notes with an aggregate issue price of $123,300,000 and Holder Warrants conveyed on the Closing Date with a fair market value of $12,500,000.
On each applicable vesting date, the number of Investment-Based Units vesting shall equal the number calculated by multiplying the Investment Unit Pool by a fraction, the numerator of which is the amount of the Investment on such vesting date and the denominator of which is the Investment Value.
The Seller and the Purchasers agree as follows: (i) Purchasers' acquisition of the Securities constitutes the purchase of an "investment unit" (the "Investment Unit") for purposes of Treas.
Prior to the Cycle Maturity Date, the Cycle Investment Unit Value is determined by the Fair Value and will be limited by the Proportional Cap Rate, if applicable.
Any negative index performance greater than the Floor Rate will not result in a negative Index Return being credited to the Cycle Investment Unit Value at the end of a Cycle Term for a floor Cycle Structure.