Make-Whole Payment definition
Make-Whole Payment means, with respect to any Series 2023-4 Note on any Optional Repurchase Distribution Date, the pro rata share with respect to such Series 2023-4 Note of the excess, if any, of (x) the sum of the Discounted Values for each Remaining Distribution Amount with respect to each Applicable Distribution Date over (y) the Series 2023-4 Invested Amount as of such Optional Repurchase Distribution Date (determined after giving effect to any payments made pursuant to Section 2.5(a) on such Distribution Date).
Make-Whole Payment means, for any payment of principal of the Notes on any Payment Date:
Make-Whole Payment has the meaning specified in Section 2.2.
Examples of Make-Whole Payment in a sentence
The Issuer has the option to permit the Depositors to increase the Depositor Interest by causing the Issuer to redeem the Notes in whole, but not in part, (i) on any Payment Date during the Note Redemption Period, including the Expected Final Payment Date, without any Make-Whole Payment and (ii) on any earlier Payment Date, with a Make-Whole Payment.
A Make-Whole Payment will be due on any repayment of the Note Balance made before the start of the Note Redemption Period as a result of the occurrence of a Redemption Date.
More Definitions of Make-Whole Payment
Make-Whole Payment means, with respect to any Payment Date, an amount equal to, for each Class of Notes, the present value of the amount of all future interest payments that would otherwise accrue on the Note Balance of such Class of Notes from the Redemption Date until the First Par Redemption Date, discounted from the Payment Date on which such payment of interest would be made to the Redemption Date, monthly on a 30/360 day basis at the Make-Whole Discount Rate.
Make-Whole Payment means, with respect to any principal payment on a Payment Date, an amount equal to,
Make-Whole Payment means, with respect to any Series 2022-5 Note on any Optional Repurchase Distribution Date, the pro rata share with respect to such Series 2022-5 Note of the excess, if any, of (x) the sum of the Discounted Values for each Remaining Distribution Amount with respect to each Applicable Distribution Date over (y) the Series 2022-5 Invested Amount as of such Optional Repurchase Distribution Date (determined after giving effect to any payments made pursuant to Section 2.5(a) on such Distribution Date).
Make-Whole Payment has the meaning set forth in Section 7.3.G hereof.
Make-Whole Payment shall have the meaning specified in Section 3.1.
Make-Whole Payment means, with respect to any principal payment on a Payment Date, an amount equal to, for each Class of Notes, the excess of (x) the sum of the present value of the amount of all future interest payments that would otherwise accrue on the Note Balance of such Class of Notes from the Redemption Date until the First Par Redemption Date and (y) the principal payment, with each payment under this clause (a) discounted from the First Par Redemption Date to the Redemption Date, monthly on a 30/360 day basis at the Make-Whole Discount Rate over (b) the principal payment.
Make-Whole Payment means the amount of the Royalty payable in certain circumstances by SIR in respect of a closed SIR Restaurant, as more particularly described under “Schedule “B” ― License and Royalty ― Adjustment of the Royalty ― Make-Whole Payments”.