Remaining Cap definition
Examples of Remaining Cap in a sentence
Prior to the settlement of the 2029 Notes surrendered by the Initiating Investor and the Other Tendering Investors, the Company shall not settle any other 2029 Notes that would reduce the Remaining Cap Amount.
Each Party will contribute, in proportion to its Stage II Ownership Interest, to the payment made to a Right Holder in connection with any Payment Resolution (but only to the extent that such payment exceeds the Asset Party's Remaining Cap at the time of such Payment Resolution).
In the case of a Sale Resolution, the Asset Party will contribute to Wireless, in lieu of the Conveyed Asset disposed of in such Sale Resolution, (x) the Net Proceeds (as defined in the Alliance Agreement) from the disposition of such Conveyed Asset and (y) an amount of cash equal to any Value Shortfall from such Sale Resolution (but only to the extent that such Value Shortfall does not exceed the Asset Party's Remaining Cap at the time of such Sale Resolution).
In the case of a Sale Resolution, the Asset Party will contribute to Wireless, in lieu of the Conveyed Asset disposed of in such Sale Resolution, (x) the Net Proceeds (as defined in the Alliance Agreement) from the disposition of such Conveyed Asset and (y) an amount of cash equal to any Value Shortfall from such Sale Resolution (but only to the extent that such Value Shortfall does not exceed the Asset Party’s Remaining Cap at the time of such Sale Resolution).