Repurchase Factor definition

Repurchase Factor an amount equal to A + B, where: A = 10% of the sum of (i) 25% of the aggregate Outstanding Balances of the 25% Repurchase Receivables, (ii) 75% of the aggregate Outstanding Balances of the 75% Repurchase Receivables and (iii) 90% of the aggregate Outstanding Balances of the 90% Repurchase Receivables, in each case at the time the Repurchase Factor is calculated; B = 10% of the sum of (i) 25% of the aggregate Outstanding Balances of 25% Repurchase Receivables, (ii) 75% of the aggregate Outstanding Balances of 75% Repurchase Receivables and (iii) 90% of the aggregate Outstanding Balances of 90% Repurchase Receivables, in each case which were Defaulted Receivables repurchased pursuant to subsection 2.10 prior to such time (it being understood that the purpose of this clause B is to ensur that the Repurchase Factor is not reduced as a result of reductions in the Outstanding Purchase Price relating to payments under the Repurchase Obligation); provided that (i) if an Amortization Event has occurred and is continuing, the Repurchase Factor shall be equal to the Repurchase Factor on the date such Amortization Event occurred,
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Repurchase Factor means: (i) from the Original Issuance Date to and including [March 31, 2024, 92.5%; (ii) from April 1, 2024 to and including] December 31, 2024, 95%; [(iii)] from January 1, 2025 to and including December 31, 2025, 100%; and [(iv)] from January 1, 2026 and thereafter, 105%.1 (g) “Repurchase Price” shall mean, on a Put Date, a price per share of Series A Preferred Stock equal to (i) the then Liquidation Preference multiplied by the Repurchase Factor, plus (ii) an amount equal to all accrued but unpaid dividends (whether or not authorized or declared) on such share to, but not including, such Put Date. (h) “Transfer” means any assignment, sale, hypothecation, disposition of or other like transfer of any shares of Series A Preferred Stock (or any interest therein) by NorthStar Seller or its Affiliates. 2.
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Repurchase Factor shall have the meaning specified in Section 8.2(c).
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Examples of Repurchase Factor in a sentence

  • The "Repurchase Factor" shall mean a fraction, the numerator of which is the Remaining Cash divided by the Current Market Value, and the denominator of which is the sum of the aggregate number of Ordinary Shares set forth in such notices plus the number of Ordinary Shares into which the number of Warrants set forth in such notices could be converted upon a cashless exercise pursuant to Section (a)(2) of the Warrants.


More Definitions of Repurchase Factor

Repurchase Factor means a fraction, the numerator of which is the Remaining Cash divided by the Current Market Value, and the denominator of which is the sum of the aggregate number of Ordinary Shares set forth in such notices plus the number of Ordinary Shares into which the number of Warrants set forth in such notices could be converted upon a cashless exercise pursuant to Section (a)(2) of the Warrants.
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Repurchase Factor means (i) with respect to the first one hundred Accounts repurchased by Seller pursuant to Section 8, zero (0), and (ii) with respect to each Account repurchased by Seller pursuant to Section 8 in excess of one hundred, (A) 0.006, for each Account which is not a Performing Account and (B) 1, for each Account which is a Performing Account.
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Related to Repurchase Factor

  • Repurchase Value means the Fair Market Value in the event the award to be repurchased under Section 10.2 is comprised of shares of Common Stock and the difference between Fair Market Value and the Exercise Price (if lower than Fair Market Value) in the event the award is a Stock Option or Stock Appreciation Right; in each case, multiplied by the number of shares subject to the award.

  • Repurchase Amount shall have the meaning set forth in Section 4.2 hereof.

  • Treasury Portfolio Purchase Price means the lowest aggregate price quoted by a primary U.S. government securities dealer in New York City (a "Primary Treasury Dealer") to the Quotation Agent on the third Business Day immediately preceding the Tax Event Redemption Date for the purchase of the Treasury Portfolio for settlement on the Tax Event Redemption Date.

  • Repurchase Upon Fundamental Change means the repurchase of any Note by the Company pursuant to Section 4.02.

  • Repurchase Price means, with respect to any Loan the Book Value, adjusted to reflect changes to Book Value after Bank Closing, plus (i) any advances and interest on such Loan after Bank Closing, minus (ii) the total of amounts received by the Assuming Bank for such Loan, regardless of how applied, after Bank Closing, plus (iii) advances made by Assuming Bank, plus (iv) total disbursements of principal made by Receiver that are not included in the Book Value.

  • Change of Control Purchase Price shall have the meaning specified in Section 10.1.

  • Change of Control Price means the highest price per share of Common Stock offered in conjunction with any transaction resulting in a Change of Control (as determined in good faith by the Committee if any part of the offered price is payable other than in cash) or, in the case of a Change of Control occurring solely by reason of a change in the composition of the Board, the highest Fair Market Value of the Common Stock on any of the 30 trading days immediately preceding the date on which a Change of Control occurs.

  • Repurchase Event means the occurrence of a breach of any of the Seller’s representations and warranties in Section 3.1(a) or any other event which requires the repurchase of a Receivable by the Seller, under the Sale and Servicing Agreement.

  • Early Repurchase Date shall have the meaning specified in Section 3(d) of this Agreement.

  • Change of Control Redemption Price shall have the meaning set forth in Section 7.3;

  • Fundamental Change Purchase Price has the meaning specified in Section 3.01(a).

  • Note Factor means, with respect to the Notes or any Class of Notes on any Payment Date, a six-digit decimal figure equal to the Note Balance of the Notes or such Class of Notes, as applicable, as of the end of the preceding Collection Period divided by the Note Balance of the Notes or such Class of Notes, as applicable, as of the Closing Date. The Note Factor will be 1.000000 as of the Closing Date; thereafter, the Note Factor will decline to reflect reductions in the Note Balance of the Notes or such Class of Notes, as applicable.

  • Fundamental Change Repurchase Price shall have the meaning specified in Section 15.02(a).

  • Combined Purchase Price shall have the meaning ascribed to such term in Section 2.1(b).

  • Redemption Price or Repurchase Price means the amount to be paid to the relevant Holder upon redemption of that Unit, such amount to be determined pursuant to this document.

  • Change of Control Repurchase Event means the occurrence of both a Change of Control and a Below Investment Grade Rating Event.

  • Change of Control Put Date shall have the meaning specified in Section 11.1.

  • Change of Control Value means (i) the per share price offered to stockholders of the Company in any such merger, consolidation, reorganization, sale of assets or dissolution transaction, (ii) the price per share offered to stockholders of the Company in any tender offer or exchange offer whereby a Change of Control takes place, or (iii) if such Change of Control occurs other than pursuant to a tender or exchange offer, the Fair Market Value per share of the shares into which Awards are exercisable, as determined by the Committee, whichever is applicable. In the event that the consideration offered to stockholders of the Company consists of anything other than cash, the Committee shall determine the fair cash equivalent of the portion of the consideration offered which is other than cash.

  • Repurchased Receivable means a Receivable purchased by Santander Consumer pursuant to Section 3.4 of the Purchase Agreement or by the Servicer pursuant to Section 3.6 of the Sale and Servicing Agreement.

  • Change of Control Payment Date has the meaning provided in Section 4.15.

  • Adjusted Purchase Price means the product of the Purchase Price and the Proration Factor. The Board of Directors may, but shall not be required to, establish procedures to allocate the right to receive Common Shares and capital stock equivalents upon exercise of the Rights among holders of Rights.

  • Repurchase Date has the meaning specified in Section 14.1.

  • Change of Control Purchase Date shall have the meaning specified in Section 10.1.

  • Repurchased Loan has the meaning set forth in Section 2.3(a).

  • Optional Purchase Price has the meaning set forth in Section 8.1 of the Sale and Servicing Agreement.

  • Exchange Factor means 1.0; provided, however, that if the General Partner: (a) declares or pays a dividend on its outstanding Common Stock in Common Stock or makes a distribution to all holders of its outstanding Common Stock in Common Stock; (b) subdivides its outstanding Common Stock; or (c) combines its outstanding Common Stock into a smaller number of shares of Common Stock, the Exchange Factor shall be adjusted by multiplying the Exchange Factor by a fraction, the numerator of which shall be the number of shares of Common Stock issued and outstanding on the record date for such dividend, contribution, subdivision or combination (assuming for such purpose that such dividend, distribution, subdivision or combination has occurred as of such time), and the denominator of which shall be the actual number of shares of Common Stock (determined without the above assumption) issued and outstanding on the record date for such dividend, distribution, subdivision or combination. Any adjustment to the Exchange Factor shall become effective immediately after the effective date of such event retroactive to the record date, if any, for such event.