Tender Value definition

Tender Value means an amount equal to the product of (a) the sum of the Closing Price of such Portfolio Security on the Trading Day immediately following the Announcement Date plus accrued interest thereon at LIBOR reset monthly for the period beginning on the fourth Trading Day following the Announcement Date to but excluding the Maturity Date, multiplied by (b) the Multiplier for such Portfolio Security in effect on the Announcement Date. For purposes of paragraph 5 above, in the case of a consummated tender or exchange offer for all Exchange Property of a particular type, Exchange Property shall be deemed to include the amount of cash or other property paid by the offeror in the tender or exchange offer with respect to such Exchange Property (in an amount determined on the basis of the rate of exchange in such tender or exchange offer). In the event of a tender or exchange offer with respect to Exchange Property in which an offeree may elect to receive cash or other property, Exchange Property shall be deemed to include the kind and amount of cash and other property received by offerees who elect to receive cash. No adjustments to the Multiplier will be required unless such Multiplier adjustment would require a change of at least 0.1% in the Multiplier then in effect. The Multiplier resulting from any of the adjustments specified above will be rounded to the nearest one thousandth with five ten-thousandths being rounded upward. No adjustments to the Multiplier or to the amount payable at maturity of the Notes will be required other than those specified above. However, the Company may, at its sole discretion, cause the Calculation Agent to make additional adjustments to the Multiplier to reflect changes occurring in relation to any Portfolio Security or any other Exchange Property in other circumstances where the Company determines that it is appropriate to reflect such changes. The required adjustments specified above do not cover all events that could affect the Market Price or Closing Price, as applicable, of such Portfolio Security, including, without limitation, a partial tender or exchange offer for such Portfolio Security. The Calculation Agent shall be solely responsible for the determination and calculation of any adjustments to the Multiplier and of any related determinations and calculations with respect to any distributions of stock, other securities or other property or assets (including cash) in connection with any corporate event described in paragraph...
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Examples of Tender Value in a sentence

  • If the Bidder submits an alternative Tender, the one percent shall be calculated based on the highest Tender Value.

  • The Bidder must furnish, as part of his Tender, a Tender Bond in the value of not less than 1% of the Tender Value.

  • The Bidder shall furnish, as part of his Tender, a Tender Bond in the value of not less than 1% of the Tender Value.

  • And whereas the Contractor has accepted the aforesaid Work Order vide his letter of acceptance No.-------------- dated and has also deposited with the Employer a sum of Rs.-------------which with the ▇▇▇▇▇▇▇ Money of Rs forms the requisite Security Deposit @2 % of the accepted Tender Value of Rs. --.

  • UNDERTAKING FOR COSTS.....................................................29 SECTION 515.

Related to Tender Value

  • Cash Surrender Value means the net cash surrender value plus any amounts outstanding as policy loans.

  • SPS AER Value means the Underlying Reference Value.

  • FR Value means, in respect of a ST FR Valuation Date, Worst Value.

  • SAR Value means the excess of the Fair Market Value (on the exercise date) over the exercise price that the participant would have otherwise had to pay to exercise the related Stock Option, multiplied by the number of shares for which the Stock Appreciation Right is exercised.

  • RI Value means, in respect of a Reference Item and a ST Valuation Date, (i) the RI Closing Value for such Reference Item in respect of such ST Valuation Date, divided by (ii) the relevant RI Initial Value (expressed as a percentage).