Reference Property Value definition
Reference Property Value. With respect to each Property, the value assigned to such Property in Schedule 8.1 attached to the Side Letter.
Reference Property Value means, on any Trading Day, the sum of (x) the product of 0.2582 times the Last Reported Sale Price of the Class A Shares on such Trading Day, (y) the product of 0.1928 times the Last Reported Sale Price of the Class C Shares on such Trading Day and (z) $17.50.
Reference Property Value means, on any Trading Day, the sum of (x) the product of 0.3166 times the Last Reported Sale Price of the Class A Shares on such Trading Day, (y) the product of 0.7980 times the Last Reported Sale Price of the Class C Shares on such Trading Day and (z) $17.50.
Examples of Reference Property Value in a sentence
Instead, the Company will deliver cash for the Reference Property Value of such fractional unit or interest.
If Seller elects the Cash Delivery Option and so notifies Purchaser, Seller shall pledge to Purchaser and deliver to the Collateral Agent, no later than the second Business Day following the Cash Settlement Notice Date, additional Collateral consisting of cash in an amount equal to 20% of the product of (i) the Reference Property Value Per SAILS, determined by the Calculation Agent as of the Cash Settlement Notice Date, and (ii) the SAILS Base Amount.
Not to exceed 75% of aggregate Reference Property Value on the date of transfer of liabilities and at all times going forward.
Upon determination of the Reference Property, if applicable, to be delivered in respect of the Purchase Price for each $1,000 Original Principal Amount at Maturity of Debentures, the Company will publish notice of such determination and the related Reference Property Value in The Wall Street Journal or another daily newspaper of national circulation.
The Reference Property Value of a fraction of such units or interests shall be determined by multiplying the Reference Property Value as determined above in Section 208(d)(ii) by such fraction and rounding the product to the nearest whole cent, with one-half cent being rounded upward.
More Definitions of Reference Property Value
Reference Property Value means, for the Reference Property attributable to the Debentures at any date of determination, subject to adjustment in accordance with Section 211, the sum of (a) for any portion of the Reference Property consisting of cash, the amount of such cash, (b) for any portion of the Reference Property consisting of property other than cash or Reference Securities, the fair market value of such property (as determined by a nationally recognized independent investment banking firm retained for this purpose by the Company) as of the Trading Day immediately succeeding the related Exchange Date, and (c) for any portion of the Reference Property consisting of a Reference Security (including Sprint PCS Stock): (1) in the case of a Notice of Exchange delivered to the Exchange Agent for exchange prior to the Reference Securities Eligibility Date, the Closing Price for such Reference Security on the Trading Day immediately succeeding the Exchange Date (unless more than $5,000,000 aggregate Original Principal Amount at Maturity of Debentures have been validly tendered for exchange on such date, in which case Reference Property Value shall equal the mean of the Closing Prices for such Reference Security over the five Trading Day period ending on the fifth Trading Day immediately succeeding the Exchange Date); (2) in the case of a Notice of Exchange delivered to the Exchange Agent on or after the Reference Securities Eligibility Date, the Closing Price for such Reference Security on the third Trading Day immediately succeeding the Exchange Date (unless more than $5,000,000 aggregate Original Principal Amount at Maturity of Debentures have been validly tendered for exchange on such date, in which case the Reference Property Value shall equal the mean of the Closing Prices for such Reference Security during the five Trading Day period beginning on the third Trading Day immediately succeeding the Exchange Date and ending on the seventh Trading Day immediately succeeding the Exchange Date) and (3) in the case of a purchase by the Company of any Debentures and payment of the related Purchase Price by delivery of Reference Property in accordance with Section 208(d), the mean of the Closing Prices for such Reference Security during the three Trading Day period ending on the second Trading Day immediately preceding the Purchase Date; provided, however, if Closing Prices for a Reference Security cannot be determined, the Reference Property Value of such Reference Security shall be th...
Reference Property Value means, subject to the provisions of Section 3.1(b), the sum, determined as of 10:00 A.M. (New York City time) on the second Business Day preceding the Exchange Date, of (a) for any portion of the Reference Property consisting of cash, the amount of such cash, (b) for any portion of the Reference Property consisting of property other than cash or Reference Securities, the fair market value of such property (as determined by a nationally recognized independent investment banking firm retained for this purpose by the Administrator) as of 10:00 A.M. (New York City time) on the third Business Day preceding the Exchange Date, and (c) for any portion of the Reference Property consisting of a Reference Security (including Nextel Common Stock), an amount equal to the average Closing Price per unit of such Reference Security on the 20 Trading Days immediately prior to, but not including, the second Trading Day preceding the Exchange Date multiplied by the number of units of such Reference Security constituting part of the Reference Property.
Reference Property Value means, subject to the provisions of Section 303(b), the sum of (a) for any portion of the Reference Property consisting of cash, the amount of such cash, (b) for any portion of the Reference Property consisting of property other than cash or Reference Securities, the fair market value of such property (as determined by a nationally recognized independent investment banking firm retained for this purpose by the Company) as of the third Trading Day preceding the Maturity Date, and
Reference Property Value means, subject to the provisions hereof, the sum of (i) for any portion of the Reference Property consisting of cash, the amount of such cash, (ii) for any portion of the Reference Property consisting of property other than cash or Reference Securities, the fair market value of such property (as determined by a nationally recognized independent investment banking firm mutually acceptable to the Calculation Agent and the Company retained for this purpose) as of the third Trading Day preceding the Maturity Date and (iii) for any portion of the Reference Property consisting of a Reference Security (including Fred ▇▇▇e▇ ▇▇▇mon Stock), an amount equal to the average Closing Price on the 20 Trading Days immediately prior to, but not including, the second Trading Day preceding the Maturity Date multiplied by the number of units of such Reference Security constituting part of the Reference Property
Reference Property Value means, subject to the provisions of Section 3.1(b), the sum, determined as of 10:00 A.M. (New York City time) on the second Business Day preceding the Exchange Date, any Partial Cash Distribution Date or any Reference Date, as the case may be, of the U.S. Dollar Equivalent of (i) for any portion of the Reference Property consisting of cash, the amount of such cash, (ii) for any portion of the Reference Property consisting of property other than cash or Reference Securities, the fair market value of such property (as determined by a nationally recognized independent investment banking firm retained for this purpose by the Administrator) as of 10:00 A.M. (New York City time) on the third Business Day preceding the Reference Date, and (iii) for any portion of the Reference Property consisting of a Reference Security, an amount equal to the average Closing Price per unit of such Reference Security for the 20 Trading Days immediately prior to, but not including, the second Trading Day preceding the Reference Date, multiplied by the number of units of such Reference Security constituting part of the Reference Property.
Reference Property Value has the meaning provided in Section 11.11.
Reference Property Value means, subject to the provisions of Section 3.1(b), the sum, determined as of 10:00 A.M. (New York City time) on the second Business Day preceding the Exchange Date, or the Tax Event Acceleration Date, as the case may be, of (i) for any portion of the Reference Property consisting of cash, the amount of such cash, (ii) for any portion of the Reference Property consisting of property other than cash or Reference Securities, the fair market value of such property (as determined by a nationally recognized independent investment banking firm retained for this purpose by the Administrator) as of 10:00 A.M. (New York City time) on the third Business Day preceding the Exchange Date, or the Tax Event Acceleration Date, as the case may be, and (iii) for any portion of the Reference Property consisting of a Reference Security (including ContiFinancial Common Stock), an amount equal to the average Closing Price per unit of such Reference Security on the 20 Trading Days immediately prior to, but not including, the second Trading Day preceding the Exchange Date or the Tax Event Acceleration Date, as the case may be, multiplied by the number of units of such Reference Security constituting part of the Reference Property.