Definition of PP&E Amortization Factor


PP&E Amortization Factor means 1 minus a fraction, the numerator of which is the number of full calendar quarters elapsed as of any date of determination (including any calendar quarter ending on the date of determination) since the Effective Date, (but in no event more than 28) and the denominator of which is 28.
Sample 1

Examples of PP&E Amortization Factor in a sentence

Alcan U.S. PP&E Component means an amount equal to the Alcan PP&E Amortization Factor multiplied by (a) 75% of the fair market value of the U.S. Loan Parties Alcan Eligible Real Property plus (b) 85% of the Net Orderly Liquidation Value of the U.S. Loan Parties Alcan Eligible Equipment minus (c) Reserves established by the Administrative Agent.
Alcan Canadian PP&E Component means an amount equal to the Alcan PP&E Amortization Factor multiplied by 85% of the Net Orderly Liquidation Value of the Canadian Loan Parties Alcan Eligible Equipment minus Reserves established by the Administrative Agent.
General Cable U.S. PP&E Component means an amount equal to the General Cable PP&E Amortization Factor multiplied by (a) 75% of the fair market value of the U.S. Loan Parties Eligible Real Property (excluding the U.S. Loan Parties Alcan Eligible Real Property) plus (b) 85% of the Net Orderly Liquidation Value of the U.S. Loan Parties Eligible Equipment (excluding the U.S. Loan Parties Alcan Eligible Equipment) minus (c) Reserves established by the Administrative Agent.
General Cable Canadian PP&E Component means an amount equal to the General Cable PP&E Amortization Factor multiplied by (a) 85% of the Net Orderly Liquidation Value of the Canadian Loan Parties Eligible Equipment (excluding the Canadian Loan Parties Alcan Eligible Equipment) minus (b) Reserves established by the Administrative Agent.
General Cable PP&E Amortization Factor means 1 minus a fraction, the numerator of which is the number of full calendar quarters elapsed as of any date of determination (including any calendar quarter ending on the date of determination) since September 30, 2011, (but in no event more than 28) and the denominator of which is 28.