TFC Adjustment definition
TFC Adjustment means (A) forty-three percent (43%) of (x) the outstanding principal balance of the institutional loans which the TFC Credit Corporation is processing and servicing for the Selling Parties ("TFC Notes") as of the Tier I Closing Date as identified on the TFC Credit Corporation Accounts Receivable Report for the period ending on the Tier I Closing Date less (y) the principal balance of such TFC Notes included thereon which were issued subsequent to September 30, 1996 (the "October TFC Notes") plus (B) 25% of the October TFC Notes.
Examples of TFC Adjustment in a sentence
The term "Final TFC Payment" means an amount equal to one-half (1/2) of the difference between (y) the TFC Adjustment (as defined in Section 2.8(c) of the Secondary Agreement) less (z) $800,000.