Asset Percentage has the meaning specified in Section 2.05(b)(ii).
Asset Percentage shall be determined as follows:
Asset Percentage means 91.1% as at the date hereof, as the same may be adjusted from time to time in accordance with, and subject to the restrictions set out in, Schedule 2 of the Guarantor LP Agreement;
Examples of Asset Percentage in a sentence
As set forth in detail in Schedule 3.1 hereto, each Contract shall have a Liquidation Value assigned to such Contract, which will then be multiplied by the Liquidation Asset Percentage to yield the “ELNY Restructured Value” for such Contract.
The Asset Monitor is not required to test the arithmetic accuracy of α, β, the Current Balance and the Indexed Valuation for each Mortgage Receivable as well as the accuracy of the Asset Percentage and the LTV Cut-Off Percentage and/or any other parameters used in the Asset Cover Test.
The Asset Monitor is not required to test the arithmetic accuracy of α, β, the Current Balance, the Indexed Valuation for each Mortgage Receivable nor the accuracy of the Asset Percentage and the LTV Cut-Off Percentage.
The Asset Monitor is not required to test the arithmetic accuracy of α, β, the Current Balance, the Indexed Valuation for each Mortgage Receivable nor the accuracy of the Asset Percentage and the LTV Cut-Off percentage nor any other parameters used in the Asset Cover Test.
More Definitions of Asset Percentage
Asset Percentage means 78 per cent. or such other percentage figure as is determined from time to time in accordance with the Asset Monitoring Agreement as described above.
Asset Percentage has the meaning specified in, and shall be determined in accordance with Schedule 2 to the Guarantor Agreement, and the “Asset Percentage” as determined at any time shall be less than or equal to the maximum asset percentage as disclosed in the current Investor Report at such time;
Asset Percentage means such percentage figure as is determined from time to time in accordance with Clause 3.2 of the Asset Monitoring Agreement, being 95% as of the date on which this Agreement was lastly amended and restated.
Asset Percentage means, at any date of determination, the ratio, expressed as a percentage, of (a) the Consolidated total assets of the Guarantors and their respective Consolidated Subsidiaries, exclusive of intercompany receivables and interests in Subsidiaries that are not Consolidated Subsidiaries, to (b) the Consolidated total assets of the Borrower and its Consolidated Subsidiaries.
Asset Percentage means the percentage (not exceeding 100%) of the value of the covered bond collateral which is represented by the Canadian dollar equivalent of the principal amount of all covered bonds outstanding under the registered covered bond program (using foreign exchange rates reflected in related Covered Bond Collateral Hedges) where the value of the covered bond collateral is determined in accordance with Section 4.6 of this Guide in the case of Eligible Loans or, in the case of Substitute Assets, calculated at the face value of the Substitute Assets. 4.3.2 Minimum Asset Percentages shall be determined by the registered issuer with regard to limits, if any, imposed thereon by regulatory or supervisory authorities or regulation. 4.3.3 As required by Section 21.54 of Part I.1 of the NHA, a registered issuer must disclose in its application for registration of a covered bond program the minimum and maximum Asset Percentages established for the program, and that disclosure will be included in the Registry. 4.3.4 The maximum Asset Percentage established for a registered covered bond program must be disclosed in any Public Offering Document (it being understood that the maximum Asset Percentage disclosed in such Public Offering Document may differ, but not be greater than, the maximum Asset Percentage disclosed by the registered issuer in its application for registration of the covered bond program under which the covered bonds are to be issued). 4.3.5 The maximum Asset Percentage disclosed in any Public Offering Document shall be the subject of a contractual covenant of the registered issuer in favour of the covered bondholders (or the Bond Trustee on their behalf). Any amendment or modification to increase the maximum Asset Percentage must be subject to an approval process prescribed by the relevant transaction document, disclosed to Investors, at least congruent with industry standard practice for covered bonds in Canada and in compliance with the provisions of this Guide. 4.3.6 Both before and after an event of default on the part of the registered issuer (within the meaning prescribed by the terms of any series or tranche of covered bonds issued and outstanding under a registered covered bond program (which must comply with Section6.2.1 of this Guide)), a guarantor entity shall be required to confirm the level of overcollateralization represented by the covered bond collateral it holds by performing an asset coverage test monthly based on the methodology prescrib...
Asset Percentage means the lower of (i) 93.00 per cent and (ii) such other percentage figure as may be determined by the Issuer on behalf of the Guarantor in accordance with the methodologies published by the Rating Agencies (after procuring the level of overcollateralization in line with the target rating). Notwithstanding that, in the event the Issuer chooses not to apply such other percentage figure (item (ii) above) of the Asset Percentage, this will not result in a breach of the Nominal Value Test."CASHFLOWS
Asset Percentage has the meaning given to it in Schedule 2 to the Guarantor Agreement;