Adjusted Par Value definition

Adjusted Par Value means, with respect to an Eligible Asset, an amount equal to the lesser of: (a) the purchase price of such Eligible Asset, or if the purchase price of such Eligible Asset is greater than or equal to ninety-seven percent (97%) of the par value of such Eligible Asset, such par value; and (b) (i) for any Late Stage Lending Asset, the product of (x) (A) 2.5 divided by (B) the Debt to Recurring Revenue leverage multiple of such Eligible Asset as of its most recent financial reporting and (y) the par value of such Eligible Asset; and (ii) if not a Late Stage Lending Asset, the product of (x) (A) eight divided by (B) the Debt to EBITDA leverage multiple of such Eligible Asset as of its most recent financial reporting and (y) the par value of the Eligible Asset.
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Adjusted Par Value means, with respect to an Eligible Asset, an amount equal to the lesser of: (a) the purchase price of such Eligible Asset, or if the purchase price of such Eligible Asset is greater than or equal to ninety-seven percent (97%) of the par value of such Eligible Asset, such par value; and (b) (i) for any Late Stage Lending Asset of Private Equity Obligors, the product of (x) (A) 3.0 divided by (B) the Debt to Recurring Revenue leverage multiple of such Eligible Asset as of its most recent financial reporting and (y) the par value of such Eligible Asset; (ii) for any Late Stage Lending Asset of Other Obligors, the product of (x) (A) 2.5 divided by (B) the Debt to Recurring Revenue leverage multiple of such Eligible Asset as of its most recent financial reporting and (y) the par value of such Eligible Asset; and (iii) if not a Late Stage Lending Asset, the product of (x) (A) eight divided by (B) the Debt to EBITDA leverage multiple of such Eligible Asset as of its most recent financial reporting and (y) the par value of the Eligible Asset.
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Adjusted Par Value means, with respect to any Purchased Loan, an amount determined as (a) the Purchase Price divided by the Purchase Percentage (expressed as a decimal) for such Purchased Loan, minus (b) the aggregate amount of all Principal Payments made with respect to such Purchased Loan after the Purchase Date thereof.
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Examples of Adjusted Par Value in a sentence

  • The Adjusted Par Value of Second Series Debentures will be amortized in a single installment on the Second Series Maturity Date.

  • The Compensatory Interest for Incentivized Debentures will be levied on the Adjusted Par Value of Second Series Debentures, as of the Date of First Payment of Second Series Debentures or the Date of Payment of Incentivized Debentures immediately preceding, accordingly, and paid, at the end of each Capitalization Period of Debentures, calculated on a compound capitalization basis pro rata temporis for Business Days, based on the formula stated in the Deed of Issuance.


More Definitions of Adjusted Par Value

Adjusted Par Value means, with respect to any Purchased Asset, an amount determined as (a) the Purchase Price divided by the Purchase Price Percentage (expressed as a decimal) for such Purchased Asset, minus (b) the aggregate amount of all Principal Payments made with respect to such Purchased Asset after the Purchase Date thereof.
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Related to Adjusted Par Value

  • Partially Adjusted Capital Account means, with respect to any Member for any taxable year or other period of the Company, the Capital Account balance of such Member at the beginning of such year or period, adjusted for all contributions and distributions made or deemed made to or by such Member during such year or period and all special allocations to such Member pursuant to Section 6.2 with respect to such year or period, but before giving effect to any allocations of Net Profit or Net Loss to such Member pursuant to Section 6.1 with respect to such year or period.

  • Adjusted Capital means cumulative gross proceeds generated by the Corporation from sales of shares of Common Stock (including proceeds from the Corporation’s distribution reinvestment plan) reduced for amounts paid for share repurchases pursuant to the Corporation’s share repurchase program. The calculation of the Subordinated Incentive Fee on Income for each quarter is as follows:

  • Adjusted Capital Account means the Capital Account maintained for each Partner as of the end of each Fiscal Year (i) increased by any amounts which such Partner is obligated to restore pursuant to any provision of this Agreement or is deemed to be obligated to restore pursuant to the penultimate sentences of Regulations Sections 1.704-2(g)(1) and 1.704-2(i)(5) and (ii) decreased by the items described in Regulations Sections 1.704-1(b)(2)(ii)(d)(4), 1.704-1(b)(2)(ii)(d)(5) and 1.704-1(b)(2)(ii)(d)(6). The foregoing definition of Adjusted Capital Account is intended to comply with the provisions of Regulations Section 1.704-1(b)(2)(ii)(d) and shall be interpreted consistently therewith.

  • Net Adjustment Amount means an amount, which may be positive or negative, equal to (A) the Closing Net Working Capital as finally determined pursuant to this Section 2.5 minus the Estimated Net Working Capital, plus (B) Estimated Indebtedness minus Closing Indebtedness as finally determined pursuant to this Section 2.5, plus (C) Closing Cash as finally determined pursuant to this Section 2.5 minus Estimated Cash, plus (D) Estimated Transaction Expenses minus Closing Transaction Expenses as finally determined pursuant to this Section 2.5;

  • Total adjusted capital means the sum of:

  • Adjusted Fair Market Value means, in the event of a Change in Control, the greater of (i) the highest price per Share paid to holders of the Shares in any transaction (or series of transactions) constituting or resulting in a Change in Control or (ii) the highest Fair Market Value of a Share during the ninety (90) day period ending on the date of a Change in Control.

  • Adjusted Total turnover means the turnover in a State or a Union territory, as defined under sub-section (112) of section 2, excluding the value of exempt supplies other than zero-rated supplies, during the relevant period;

  • Adjusted Capital Account Balance means, with respect to each Partner, the balance in such Partner’s Capital Account adjusted (i) by taking into account the adjustments, allocations and distributions described in Treasury Regulations Sections 1.704-1(b)(2)(ii)(c)(4), (5) and (6); and (ii) by adding to such balance such Partner’s share of Partnership Minimum Gain and Partner Nonrecourse Debt Minimum Gain, determined pursuant to Treasury Regulations Sections 1.704-2(g) and 1.704-2(i)(5), and any amounts such Partner is obligated to restore pursuant to any provision of this Agreement or by applicable Law. The foregoing definition of Adjusted Capital Account Balance is intended to comply with the provisions of Treasury Regulations Section 1.704-1(b)(2)(ii)(d) and shall be interpreted consistently therewith.

  • Base Year Value means the assessed value of eligible property January 1 preceding the execution of the agreement plus the agreed upon value of eligible property improvements made after January 1 but before the execution of the agreement.

  • Adjusted Net Assets of such Guarantor at any date shall mean the lesser of (1) the amount by which the fair value of the property of such Guarantor exceeds the total amount of liabilities, including contingent liabilities (after giving effect to all other fixed and contingent liabilities incurred or assumed on such date), but excluding liabilities under the Guarantee of such Guarantor at such date and (2) the amount by which the present fair salable value of the assets of such Guarantor at such date exceeds the amount that will be required to pay the probable liability of such Guarantor on its debts (after giving effect to all other fixed and contingent liabilities incurred or assumed on such date), excluding debt in respect of the Guarantee of such Guarantor, as they become absolute and matured.

  • Net Asset Value per Share means the Net Asset Value of a Fund divided by the

  • Adjusted Net Earnings means net earnings (loss) attributable to common stockholders as reported in the Company’s periodic reports filed with the Securities and Exchange Commission, provided that such amount shall be adjusted by reversing the following, to the extent such adjustments were made in calculating such net earnings (loss) attributable to common stockholders: