Redemption Multiple definition
Redemption Multiple means, with respect to redemptions occurring during the periods specified below, the following percentages:
Redemption Multiple means, at any date of determination, the applicable percentage set forth in the table below under the heading “Redemption Multiple” Annual Period After the Closing Date During Which the Applicable Date of Determination Occurs Redemption Multiple First Transactional Year after Closing Date 113 % Second Transactional Year after Closing Date 111.5 % Third Transactional Year after Closing Date 110 % Fourth Transactional Year after Closing Date 107.5 % Fifth Transactional Year after Closing Date 105 % Sixth Transactional Year after Closing Date 100 % Seventh Transactional Year after Closing Date 100 % Eighth Transactional Year after Closing Date 100 % Ninth Transactional Year after Closing Date 100 % Tenth Transactional Year after Closing Date or later 100 %
Redemption Multiple means (i) 10 for any Redemption Trigger Date prior to December 31, 2011, (ii) 11 for any Redemption Trigger Date prior to December 31, 2012, and (iii) 12 for any Redemption Trigger Date after December 31, 2012.
More Definitions of Redemption Multiple
Redemption Multiple is initially equal to one hundred twenty percent (120%) and shall be increased by twenty percent (20%) on each anniversary of this Certificate beginning with the second such anniversary.