Substitution Value definition
Substitution Value has the meaning set forth in Section 3.1(b).
Substitution Value means the value in respect of Consumption Data or Regenerative Braking Data, as the case may be, set out in column 9 of the Journey Look-Up Table.
Substitution Value means, in respect of any Substitution Date and any substitution of Fund Collateral, the aggregate value of the Fund Collateral to be substituted using the most recently available net asset values of such Fund Collateral in respect of such Substitution Date, as determined by Party A in its sole discretion.
Examples of Substitution Value in a sentence
The Purchase Price or Substitution Value, as applicable, for each Loan Asset Conveyed hereunder represents the fair market value of such Loan Asset as of the time of Conveyance hereunder, as may have changed from the time the applicable Loan Asset was originally acquired by the Seller.
To the extent that the Substitution Value of a Substitute Loan Asset exceeds the Repurchase Price of the related Loan Assets, the Purchaser shall pay a cash purchase price to the Seller equal to the amount of such excess unless the Seller elects in its sole discretion to designate such excess as a Contribution.
More Definitions of Substitution Value
Substitution Value means with respect to a Portfolio Investment to be substituted pursuant to Article VI hereof, an amount equal to the fair market value in accordance with the Credit Agreement (as agreed upon between the Transferee and the Transferor at the time of such Conveyance) of such Substitute Portfolio Investment Conveyed as of such date.