Maximum Remarketing Obligation means a dollar amount determined in accordance with the following provisions:
Maximum Remarketing Obligation will equal the product of (i) Stipulated Loss Value on the Designated Sale Date, times (ii) 100% minus the Residual Risk Percentage, provided that both of the following conditions are satisfied:
Maximum Remarketing Obligation shall have the meaning indicated in subparagraph 1(A)(2)(c) of the Purchase Agreement.
Examples of Maximum Remarketing Obligation in a sentence
NAI hereby unconditionally, unequivocally and irrevocably: (1) waives any right to make any Issue 97-10 Election under any of the Operative Documents, and (2) acknowledges and agrees that for purposes of calculating the Supplemental Payment required by the Purchase Agreement, the Maximum Remarketing Obligation will equal the Break Even Price under the Purchase Agreement.
More Definitions of Maximum Remarketing Obligation
Maximum Remarketing Obligation has the meaning indicated in the Purchase Agreement.
Maximum Remarketing Obligation means a dollar amount equal to the following (but not less than zero): • 85% of the Lease Balance; less • any Fixed Rate Settlement Amount that NAI is required to pay pursuant to the Lease because of any acceleration of the Designated Sale Date which causes it to occur prior to the date upon which the Term of the Lease is scheduled to expire (as such date is confirmed in clause (1) of the definition of Designated Sale Date in the Common Definitions and Provisions Agreement).
Maximum Remarketing Obligation means a dollar amount equal to the product of (i) Stipulated Loss Value on the Designated Sale Date, times (ii) 100% minus the Residual Risk Percentage; provided, however, that the "Maximum Remarketing Obligation" will equal the Buildings 1&2 Break Even Amount, if (but only if):
Maximum Remarketing Obligation means an amount equal to eighty-five percent (85%) of the Lease Balance on the Designated Sale Date.
Maximum Remarketing Obligation shall have the meaning indicated in subparagraph 1(A)(3) of the Land Purchase Agreement. --------------------