Positive Value definition
Positive Value means in respect each Hedge Counterparty, the positive amount (if any) due to that Hedge Counterparty from the Issuer or the Guarantor (as applicable) following termination of the relevant Hedging Agreements due to Enforcement Action.
Positive Value means that assuming no exercise of the Company Warrants outstanding immediately prior to the Effective Time, the quotient obtained by dividing the Aggregate Common Merger Consideration (excluding the Aggregate Company Warrant Consideration) by the Outstanding Company Common Stock Number would exceed the Company Warrant Exercise Price.
Positive Value. ’ means in respect of each Hedge Counterparty, the positive amount (if any) due to that Hedge Counterparty from the Issuer or the Guarantors (as applicable) following termination of the relevant Hedging Agreements.
Examples of Positive Value in a sentence
Positive Value Options will be equally allocated between cash and Parent Stock Options.
Such Parent Stock Options shall otherwise be subject to the same terms and conditions as such Positive Value Options.
Notwithstanding the foregoing, Servicer may solicit Element’s authorization to enter into a replacement lease for a Defaulted Vehicle in a Positive Value Transaction, and if Element grants such authorization, which authorization is in Element’s sole and absolute discretion, then Servicer may re-lease such Defaulted Vehicle.