Repurchase Formula definition

Repurchase Formula means the repurchase formula set out in Schedule 1 as it may be adjusted by the Expert, in accordance with the provisions of clause 18.1.1;
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Repurchase Formula means the repurchase formula set out in Schedule 1 as it may be adjusted by the Expert, in accordance with the provisions of clause 18.1.1;1.3.74. "Retirement" means in relation to a Beneficiary, the termination of the employment of such Beneficiary with any Employer Company, on or after such Beneficiary attaining normal retirement age (as laid down in the relevant approved Employer Company's pension fund or provident fund regulations from time to time, it being recorded that the reference herein to the pension and provident fund regulations is intended to be descriptive of the concept of "retire" rather than requiring a retirement pursuant to those regulations) or, with the approval of any Employer Company Board, such Beneficiary retiring prior to attaining the normal requirement age due to permanent disability or having elected early retirement not related to illness;1.3.75. "Sasol" means Sasol Limited, a public company with limited liability registered in accordance with the laws of South Africa under registration number 1979/003231/06;1.3.76. "Sasol Appointed Trustee" means a Trustee who is appointed by the Sasol Board from time to time in terms of clause 24.2;1.3.77. ''Sasol Board" means the board of directors of Sasol, acting either as such or through any committee or person, to which or whom the board of directors of Sasol has delegated authority for purposes of the Trust;
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Repurchase Formula means an amount equal to the average monthly Franchisee's Share remitted by Franchisor to Franchisee (excluding any permanent placement fees) during the twelve-month period prior to Franchisor's election, multiplied by the number of months during which this Agreement has been in effect up to, but not more than, six (6).
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Examples of Repurchase Formula in a sentence

  • If PPC in its sole discretion determines that PPC Phakamani Trust will not enjoy an approximate benefit as a result of the corporate event, PPC will propose adjustments to the Repurchase Formula to ensure that PPC Phakamani Trust will enjoy an approximate benefit.

  • In terms of the NVF mechanism, the Company will issue the Subscription Shares to PPC Phakamani Trust for a subscription price of one cent per Subscription Share and will on a repurchase date determined in accordance with the terms of the Subscription Agreement, repurchase a certain number of PPC Ordinary Shares held by PPC Phakamani Trust, the number of which is calculated in accordance with a prescribed repurchase formula as set out in the Subscription Agreement (Repurchase Formula).

  • PPC Phakamani Trust will not be entitled to participate in any rights offers for the duration of the NVF Period and this will be taken into account in the Repurchase Formula.

  • Should any errors be discovered in the Repurchase Formula, or should any corporate actions impacting upon the holding of SSA Khanyisa Shares be anticipated, the Expert shall determine the necessary changes, if any, to be made to the Repurchase Formula, and the provisions of clauses19.2.5 and 19.2.7 will apply to any such determination.

  • The cost of concealment and ongoing maintenance shall be fully borne by the Licensee.

  • Domain and Sources ConsultedSample Data AvailableBasic Question, Information User Type & UsageEconomic Performance• World Bank’s World Development Indicators database• UN Statistics Division’s database• Statistics Bureaus of individual countiesA.

  • PPC Phakamani Trust will not be entitled to participate in any rights offers for the duration of the NVF Period and this will be taken into account in the PPC Phakamani Trust Shares Repurchase Formula.

  • However, the OCC is presently considering granting a full-service national bank charter to Figure Bank, a Nevada-based fintech that plans to accept 5 According to spokesmen for traditional banks, were the Fed to award master accounts to fintechs and other firms with special-purpose charters without compelling them to be insured or otherwise subjecting them to bank-like regulatory requirements, it would be giving them an unfair advantage.

  • Study Assistants (2) (To Be Hired) will screen charts and assist in the recruitment of patients through the ADRC, including a designated research clinic, the Memory Disorders Center, and a Behavioral Neurology private practice group comprising faculty neurologists and psychiatrists (includes Drs.

  • Any such acceleration of the NVF Period will be factored into the Repurchase Formula as provided for in the subscription agreements.


More Definitions of Repurchase Formula

Repurchase Formula means the repurchase formula set out in schedule “C”, and as may be adjusted in accordance with the provisions of this Trust Deed;
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Repurchase Formula means the repurchase formula set out in Schedule 1 as may be adjusted by the Expert, acting as an expert and not as arbitrator, in accordance with the provisions of clauses 19.2.5 and 19.2.7 to take account of manifest arithmetic errors, changed circumstances or corporate actions, the Expert's costs being borne by Sasol;
Sample 1

Related to Repurchase Formula

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

  • 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 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.

  • Option Purchase Price has the meaning set forth in Section 9.36(b) hereof.

  • Call Option Repayment Date means the settlement date for the Call Option determined by the Issuer pursuant to Clause 10.2 (Voluntary early redemption – Call Option), Clause 10.3(d) or a date agreed upon between the Bond Trustee and the Issuer in connection with such redemption of Bonds.

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

  • Repurchase Period means a period of 90 consecutive days commencing on the date when the Optionee’s Service terminates for any reason, including (without limitation) death or disability.

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

  • Repurchase Right means the right granted to the Corporation in accordance with Article D.

  • Repurchase Notice has the meaning set forth in Section 8.6(a).

  • Repurchase Request As defined in Section 2.03(g).

  • Deferred Purchase Price shall have the meaning set forth in Section 2(a).

  • Discounted Prepayment Option Notice has the meaning specified in Section 2.05(d)(ii).

  • Stock Purchase Price has the meaning set forth in Section 2 of the Subscription Agreement.

  • Termination Price As defined in Section 9.01.

  • Purchase Amount means the total amount being paid by the Investor on a particular Closing Date to purchase the Securities.

  • Repurchase Payment for any Repurchased Receivable as of the last day of any Collection Period, means the sum of the Principal Balance thereof as of the beginning of such Collection Period plus interest accrued thereon through the due date for the Obligor’s payment in such Collection Period at the related APR, after giving effect to the receipt of monies collected on such Repurchased Receivable, if any, during such Collection Period.

  • Notice of Purchase Withdrawal Has the meaning specified in the Deposit Agreement.

  • Repurchase Response Notice means a notice delivered by the Indenture Trustee at the direction of the Administrator to a Noteholder or Note Owner indicating that a Repurchase Request is unresolved.

  • Redemption Call Purchase Price has the meaning ascribed thereto in section 5.2(a);

  • Base Purchase Price has the meaning set forth in Section 2.2.

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

  • 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.

  • Optional Redemption Price means $25,000 per share plus an amount equal to accumulated but unpaid dividends (whether or not earned or declared) to the date fixed for redemption and excluding Additional Dividends plus any applicable redemption premium attributable to the designation of a Premium Call Period.