When the buyback threshold as specified by previous motions is hit and Nu holds peercoin valued at less than 3% of the circulating nbt supply (currently the network holds 0 peercoin), Nu will purchase ppc on the open market with 5% of the T4 overflow each week that these conditions are met. This reserve is to be considered a T5 reserve to be managed by FLOT in a similar manner to the T4 pool except as specified and will not count toward activating share buybacks. Peercoin from this reserve will be sold to support the peg only if T4 is <10% of the circulating nbt and T1-3 buy side is <30% of the total liquidity. This reserve is favored for the distribution of dividends, but no actual dividends are called for in this motion.
If this motion passes along with a0a57d12ec67ac6816532f8a0afffd9b7ce14329, distributions will be strictly less than T5 refills by virtue of the thresholds as defined. Therefore, each week dividend funds will be taken out of T5 before the T5 refill for that week is determined.