WorkDown Amount

WorkDown Amount. Means the amount by which: (a) the sum of (i) the outstanding balance of a Participant's Program Loans as of the Maturity Date, (ii) any cash Down Payment made by such Participant through the Maturity Date, (iii) the amounts paid by the Company to the Banks under Section 6(c), and (iv) the outstanding balance of such Participant's Interest Loans as of the Maturity Date exceeds (b) the number of shares of Program Stock owned by such Participant on September 30, 2000 multiplied by $25.00.