Subsequent Transfer Value definition

Subsequent Transfer Value means, with respect to a particular Subsequent Transfer, an amount equal to (i) the sum of $403 million plus the Subsequent Transfer Value Adjustment Amount, multiplied by (ii) the percentage of the Acquired LMM Interest being sold, transferred or disposed of in such Subsequent Transfer.
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Subsequent Transfer Value means such amount as is sufficient to fund the liabilities (whether immediate, prospective or contingent) under the Former Scheme in respect of the Transferring Relevant Employees. For this purpose: unless otherwise agreed between the Former Scheme Actuary and the actuary to the Incoming Contractor’s Scheme, the actuarial assumptions and method used shall be no less favourable to the Incoming Contractor’s Scheme than those contained in the Actuary’s Letter (as defined in clause 3.5) and subject only to any changes as may be necessary on account of differences in benefit under PCSPS and the Former Scheme; the value of any liabilities of a defined benefit type shall be determined on a projected accrued benefit basis, that is to say, making explicit allowance for future increases in pay and pension increases but no account shall be taken of pensionable service after the Relevant Date; the value of the liabilities of a defined benefit type shall be determined as at the Relevant Date and shall be adjusted to the Subsequent Payment Date in accordance with a formula which reflects fairly the investments return on the assets of the Former Scheme; there shall be added to the value of the liabilities of a defined benefit type as so adjusted the value of any money purchase benefits (including additional voluntary contributions) at the Subsequent Payment Date.
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Examples of Subsequent Transfer Value in a sentence

  • On receipt of requests made pursuant to clause 3.6(B), the Contractor shall procure that the Former Scheme Actuary determines the amount of the Subsequent Transfer Value and submits his findings for verification to the actuary to the Incoming Contractor’s Scheme.

  • If the total amount transferred by the Former Scheme to the Incoming Contractor’s Scheme by the date falling two months after the Subsequent Payment Date is less than the Subsequent Transfer Value, the Contractor shall, not later than 21 days after receipt of a written demand from the Employer, payto the Employer an amount in cash equal to the difference between the Subsequent Transfer Value and any amounts already paid (the amount of such difference being referred to in this paragraph as the “Shortfall”).

Related to Subsequent Transfer Value

  • Subsequent Transfer Instrument: Each Subsequent Transfer Instrument, dated as of a Subsequent Transfer Date, executed by the Trustee and the Depositor substantially in the form attached hereto as Exhibit I, by which Subsequent Loans are transferred to the Trust Fund.

  • Subsequent Transfer Date With respect to each Subsequent Transfer Instrument, the date on which the related Subsequent Mortgage Loans are sold to the Trust Fund.

  • Subsequent Transferee has the meaning set forth in Section 4.06(b).

  • Subsequent Transaction has the meaning set forth in Section 1.08.

  • Subsequent Transfer Agreement A Subsequent Transfer Agreement substantially in the form of Exhibit P hereto, executed and delivered by the Sellers, the Depositor and the Trustee as provided in Section 2.01(d).

  • Subsequent Transfer Instrument Each Subsequent Transfer Instrument, dated as of a Subsequent Transfer Date, executed by the Trustee and the Depositor substantially in the form attached hereto as Exhibit Q, by which Subsequent Mortgage Loans are transferred to the Trust Fund.

  • Post-Event Transferee shall have the meaning set forth in Section 7(e) hereof.

  • Document Transfer Event As defined in the Pooling and Servicing Agreement.

  • Pre-Event Transferee shall have the meaning set forth in Section 7(e) hereof.

  • Payment Transaction means an act, initiated by the payer or on his behalf or by the payee, of placing, transferring or withdrawing funds, irrespective of any underlying obligations between the payer and the payee;

  • Co-Investment Transaction means any transaction in which a Regulated Fund (or its Wholly-Owned Investment Sub (defined below)) participated together with one or more Affiliated Funds and/or one or more other Regulated Funds in reliance on the Order.

  • Relevant Transfer Date means, in relation to a Relevant Transfer, the date upon which the Relevant Transfer takes place;

  • Commitment Transfer Supplement means a document in the form of Exhibit 16.3 hereto, properly completed and otherwise in form and substance satisfactory to Agent by which the Purchasing Lender purchases and assumes a portion of the obligation of Lenders to make Advances under this Agreement.

  • Restricted Payment Transaction means any Restricted Payment permitted pursuant to Section 409, any Permitted Payment, any Permitted Investment, or any transaction specifically excluded from the definition of the term “Restricted Payment” (including pursuant to the exception contained in clause (i) and the parenthetical exclusions contained in clauses (ii) and (iii) of such definition).

  • Designated Payment/Transfer Office means (i) with respect to the initial Paying Agent/Registrar named herein, its office in Dallas, Texas, or at such other location designated by the Paying Agent/Registrar and (ii) with respect to any successor Paying Agent/Registrar, the office of such successor designated and located as may be agreed upon by the City and such successor.

  • Replacement Transaction means, with respect to any Terminated Transaction or group of Terminated Transactions, a transaction or group of transactions that (i) would have the effect of preserving for Party B the economic equivalent of any payment or delivery (whether the underlying obligation was absolute or contingent and assuming the satisfaction of each applicable condition precedent) by the parties under Section 2(a)(i) in respect of such Terminated Transaction or group of Terminated Transactions that would, but for the occurrence of the relevant Early Termination Date, have been required after that Date, and (ii) has terms which are substantially the same as this Agreement, including, without limitation, rating triggers, Regulation AB compliance, and credit support documentation, save for the exclusion of provisions relating to Transactions that are not Terminated Transaction, as determined by Party B in its sole discretion, acting in a commercially reasonable manner.

  • Make-Whole Acquisition Stock Price means the consideration paid per share of Common Stock in a Make-Whole Acquisition. If such consideration consists only of cash, the Make-Whole Acquisition Stock Price shall equal the amount of cash paid per share of Common Stock. If such consideration consists of any property other than cash, the Make-Whole Acquisition Stock Price shall be the average of the Closing Price per share of Common Stock on each of the 10 consecutive Trading Days up to, but not including, the Make-Whole Acquisition Effective Date.

  • Post-Transaction Period means, with respect to any Specified Transaction, the period beginning on the date such Specified Transaction is consummated and ending on the last day of the eighth full consecutive fiscal quarter immediately following the date on which such Specified Transaction is consummated.

  • Modified Commitment Transfer Supplement shall have the meaning set forth in Section 16.3(d) hereof.

  • Specified Shares means all or, as the case may be, some of the shares specified in a disclosure notice;

  • Exempt Transaction means an increase in the percentage of the outstanding shares of Common Stock or the percentage of the combined voting power of the outstanding Voting Stock of the Company beneficially owned by any Person solely as a result of a reduction in the number of shares of Common Stock then outstanding due to the repurchase of Common Stock or Voting Stock by the Company, unless and until such time as (a) such Person or any Affiliate or Associate of such Person shall purchase or otherwise become the Beneficial Owner of additional shares of Common Stock constituting 1% or more of the then outstanding shares of Common Stock or additional Voting Stock representing 1% or more of the combined voting power of the then outstanding Voting Stock, or (b) any other Person (or Persons) who is (or collectively are) the Beneficial Owner of shares of Common Stock constituting 1% or more of the then outstanding shares of Common Stock or Voting Stock representing 1% or more of the combined voting power of the then outstanding Voting Stock shall become an Affiliate or Associate of such Person.

  • Subject Transaction as defined in Section 6.8(d).

  • Retail installment transaction means retail installment transaction as defined in section 2 of the retail installment sales act, Act No. 224 of the Public Acts of 1966, being section 445.852 of the Michigan Compiled Laws.

  • Series Required Transferor Amount means an amount equal to 7% of the Invested Amount.

  • Private Placement Transaction means a “limited offering” as defined from time to time in Rule 17j-l under the 1940 Act or any applicable successor provision. Currently, this means an offering exempt from registration under the Securities Act of 1933 pursuant to Section 4(2) or 4(6) or Rule 504, 505 or 506 under that Act, including hedge funds.

  • Permitted Warrant Transaction means any call option, warrant or right to purchase (or substantively equivalent derivative transaction) on the Borrower’s common stock sold by the Borrower substantially concurrently with any purchase by the Borrower of a related Permitted Bond Hedge Transaction.