![]() In no event, however, will the Company's Liquidation Value be less than the Trust Fund, inclusive of any net interest income thereon. Liquidation Value means the Company's book value, as determined by the Company and audited by GGK. Solicited Discounted Prepayment Offer means the irrevocable written offer by each Lender, substantially in the form of Exhibit M-7, submitted following the Administrative Agent’s receipt of a Solicited Discounted Prepayment Notice.ĭiscount Range Prepayment Amount has the meaning assigned to such term in Section 2.11(a)(ii)(C). Specified Discount Prepayment Amount has the meaning assigned to such term in Section 2.11(a)(ii)(B). Liquidation Preference Amount means $25,000 per share of Series A Preferred Stock. ![]() Liquidation Price means the price at which the Trustee sells the Underlying Securities.ĭissolution Distribution Amount means the Trustee Call Amount, the Capital Event Redemption Amount or the Tax Event Redemption Amount, as the case may be, or such other amount in the nature of a redemption amount as may be determined in accordance with these Conditions Specified Discount has the meaning set forth in Section 2.05(a)(v)(B)(1). Proposed Discounted Prepayment Amount has the meaning specified in Section 2.05(d)(ii). Solicited Discounted Prepayment Amount has the meaning assigned to such term in Section 2.11(a)(ii)(D). Liquidation Distribution has the meaning specified in Section 9.4(d). Immediate Liquidation Discount Measures To empirically test comparative static model predictions we would like to identify variables that provide good and credible proxies for the immediate liquidation discount, γ. The value of the existing non-contingent assets were then discounted by 20% (" Liquidation Discount Rate") to account for the market uncertainty and costs of sale.Īssuming the Liquidation Discount is 30.0%, the Pro Forma Realised NAV per Unit would translate to approximately 53.6% discount to the Adjusted Reported NAV per Unit and approximately 42.3% discount to the Unit Price of S$0.480 at the Latest Practicable Date. Liquidation Discount We estimate a wide range of potential total discount to current share price in the liquidation, with a range of 25 percent to 50 percent, and a mean discount of 38 percent.īased on the table above, assuming Sabana REIT’s properties (excluding 218 Pandan Loop) are realised at a Liquidation Discount of 15.0% to its reported IP values as at 31 December 2016, the Pro Forma Realised NAV per Unit would translate to approximately 28.6% discount to the Adjusted Reported NAV per Unit and approximately 11.3% discount to the Unit price of S$0.480 at the Latest Practicable Date.Īll computations of interest, Earned Discount, Liquidation Discount, any fees payable under SECTION 4.01 and any other fees payable by Seller to Purchaser, the Administrator, any Concentration Bank or the Relationship Bank in connection with Purchases hereunder shall be made on the basis of a year of 360 days for the actual number of days (including the first day but excluding the last day) elapsed. ![]() Violation of Business and Professions Code sections 4301, subdivision (o) and 4333,10 subdivision (a) (Failure to Arrange for the Maintenance of Prescription Records).11 r.Īll computations of interest, Yield, Liquidation Discount, any fees payable under Section 4.1 and any other fees payable by Seller to any Purchaser, any Purchaser Agent, Agent or any other Secured Party in connection with Purchases hereunder shall be made on the basis of a year of 360 days for the actual number of days (including the first day but excluding the last day) elapsed (except that calculations with respect to the Prime Rate shall be on the basis of a year of 365 or 366 days, as the case may be).Īll computations of interest, Earned Discount, Liquidation Discount, any fees payable under Section 4.01 and any other fees payable by Seller to Purchaser, the Administrator or the Relationship Bank hereunder shall be made on the basis of a year of 360 days for the actual number of days (including the first day but excluding the last day) elapsed.Īll computations of interest, Earned Discount, Liquidation Discount, any fees payable under Section 4.01 and any other fees payable by Seller to Purchaser or the Administrator in connection with Purchases hereunder shall be made on the basis of a year of 360 days for the actual number of days (including the first day but excluding the last day) elapsed. Examples of Liquidation Discount in a sentence
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