Realization Amount definition
Examples of Realization Amount in a sentence
If the Realization Amount is a positive number, the written calculation of the Realization Amount shall be accompanied by payment to Seller (by wire transfer of immediately available funds to an account designated by Buyer) in an amount equal to 75% of the Realization Amount.
The "Realization Amount" shall equal (i) the sales price of the applicable Sale Vehicle minus (ii) the sum of (A) the net book value of such Sale Vehicle reflected on the Company's books as of the date of sale and (B) Buyer's standard preparation for sale charges for such type of Sale Vehicle (which maximum charges currently range from $250-600 per vehicle).
If the Realization Amount is a negative number, Seller shall pay to Buyer (by wire transfer of immediately available funds to an account designated by Buyer) within two business days following notification of such calculation an amount equal to the Realization Amount (expressed as a positive number).
Upon conversion, the number of common shares to be issued to the Senior Preferred Shareholders will be based on the Expected Realization Amount owed to the Senior Preferred holders, not on the face value of the Senior Preferred Shares.
Furnish to the Agent or cause to be --------------------- furnished to the Agent, together with the financial statements furnished by the Borrower under clauses (i) and (ii) of paragraph 5.02(c), summaries of Actual ----------------- Residual Realization Rate (as provided to the Borrower by the Servicer) and Anticipated Residual Realization Amount, as such summaries are set forth in Annex I hereto.
For the avoidance of doubt, notwithstanding anything to the contrary in this Agreement, the Investor shall be entitled to receive the Realization Amount (including, for purposes of clauses 9.1(d)(iii) and 9.1(d)(v), the Agreed Return) pursuant to clause 9.1(d) with respect to Subscription Shares disposed or sold by the receiver pursuant to clause 8.6.