Two Times Multiple definition

Two Times Multiple means the actual receipt by each holder of Class L Units of cash payments with respect to and/or in exchange for its Class L Units (whether such payments are received from the Company or a third party in connection with any sale of all or substantially all of the outstanding Units of the Company (whether by merger, recapitalization or otherwise), but excluding, for the avoidance of doubt, any fees or other amounts paid or payable to a holder of Class L Units or its Affiliates or any distribution made pursuant to Section 4.01(a)) equal to two times such holder’s aggregate investment in Class L Units. For purposes hereof, the “investment” of a holder of Class L Units means the aggregate Capital Contributions actually paid to the Company for such holder’s Class L Units or, in the case of Class L Units issued as of the date hereof, the amount set forth on Schedule I as of the date hereof under the column titled “Original Capital Contribution”. A determination of the “Two Times Multiple” will be made hereunder each time a holder of Class L Units actually receives cash payments with respect to and/or in exchange for its Class L Units, and each holder of Class L Units will cooperate with the Company and provide the Company with all reasonably requested information to determine whether the Two Times Multiple has been achieved.
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Related to Two Times Multiple

  • Borrowing Multiple means (a) in the case of a Borrowing denominated in US Dollars, US$1,000,000 and (b) in the case of a Borrowing denominated in any Alternative Currency, 1,000,000 units of such currency.

  • Two Times Test As to any Distribution Date, (i) the Aggregate Subordinate Percentage is at least two times the Aggregate Subordinate Percentage as of the Closing Date; (ii) the aggregate of the Principal Balances of all Mortgage Loans Delinquent 60 days or more (including Mortgage Loans in REO and foreclosure) (averaged over the preceding six-month period), as a percentage of the aggregate of the Class Certificate Principal Balances of the Subordinate Certificates, does not equal or exceed 50%; and (iii) on or after the Distribution Date in January 2008, cumulative Realized Losses do not exceed 30% of the Original Subordinated Principal Balance or prior to the Distribution Date in January 2008, cumulative Realized Losses do not exceed 20% of the Original Subordinated Principal Balance.

  • Remaining Dollar-Years means the amount obtained by (1) multiplying the amount of each then-remaining principal payment on such Debt by the number of years (calculated at the nearest one-twelfth) that will elapse between the date of determination of the Weighted Average Life to Maturity of such Debt and the date of that required payment and (2) totaling all the products obtained in clause (1) above.

  • Borrowing Minimum means (a) in the case of a Borrowing denominated in US Dollars, US$5,000,000 and (b) in the case of a Borrowing denominated in any Alternative Currency, the smallest amount of such Alternative Currency that is a multiple of 1,000,000 units of such currency that has a US Dollar Equivalent of US$5,000,000 or more.

  • Volume Weighted Average Price means, for any security as of any date, the daily dollar volume-weighted average price for such security on the Primary Market as reported by Bloomberg through its “Historical Prices – Px Table with Average Daily Volume” functions, or, if no dollar volume-weighted average price is reported for such security by Bloomberg, the average of the highest closing bid price and the lowest closing ask price of any of the market makers for such security as reported in the "pink sheets" by Pink Sheets LLC.