Second Calculation Date definition
Examples of Second Calculation Date in a sentence
If the Second Vesting Ratio is equal to or greater than one, then the Second Block of Shares shall become Vested Shares on the Second Calculation Date.
If the Second Vesting Ratio is less than one, then a number of Shares equal to the product of (X) the Second Block of Shares multiplied by (Y) the Second Vesting Ratio, rounded to the nearest whole Share shall become Vested Shares on the Second Calculation Date.
The Additional Loss Amount of the Returned KAMCO Credits shall be (i) any amount paid (including any payment of accrued interests thereon) by CHB to KAMCO with respect to the Returned KAMCO Credits returned from (and including) January 1, 2003 until the Second Calculation Date minus (ii) the Value of the Returned KAMCO Credits minus (iii) the threshold amount for the Returned KAMCO Credits set forth in Appendix 12.
The Purchaser shall pay to the Seller an additional amount calculated as below (the "AI Payment Amount") on the earlier of (i) 60 days after the date the Additional Loss Amount (whether full or partial) with respect to the Second Calculation Date is finally determined pursuant to Section 11.01(d) and Section 11.02, or (ii) the date as agreed between the Seller and the Purchaser (the "AI Payment Date").
It means the collateral value of property for each corporate loan as of the Second Calculation Date.