Ratchet Formula definition

Ratchet Formula means: the product obtained through subtracting the Trigger Follow On Purchase Price (“B”) from the PIPE Purchase Price (“A”), divided by the Trigger Follow On Purchase Price (“B”); multiplied by the PIPE Number of Shares Purchased (“C”) or, expressed as a formula: ((A-B)/B) x C, rounded up to the next whole number.

Related to Ratchet Formula

  • Formula means the appropriate secondary road fund distribution formula or farm-to-market road fund distribution formula as defined in subrules 102.2(2) and 102.2(3).

  • Applicable Multiplier means, with respect to any Rate Period for any Series of RVMTP Shares, the percentage set forth opposite the applicable credit rating most recently assigned to such Series by the Rating Agency in the table below on the Rate Determination Date for such Rate Period: *And/or the equivalent ratings of any other Rating Agency then rating the RVMTP Shares utilizing the highest of the ratings of the Rating Agencies then rating the RVMTP Shares.

  • Stress Factor means 2.25.

  • Class Factor As to any date of determination and any Combinable Class, the then current Class Factor for the Related REMIC Class. As to any date of determination and any RCR Class, a fraction the numerator of which is the sum of the then current Class Balances of

  • Interest Factor means monthly compounding, discounting or annuitizing, as applicable, at a rate set forth in Exhibit A.