Applicable Fraction Clause Samples
The "Applicable Fraction" clause defines the specific proportion or percentage of a whole that is relevant for a particular calculation or obligation within the agreement. In practice, this clause is often used to determine the share of benefits, costs, or liabilities that apply to a party, such as the portion of rent, insurance, or tax responsibility in a multi-tenant property. By clearly specifying the applicable fraction, the clause ensures that each party's obligations or entitlements are allocated fairly and transparently, thereby preventing disputes and promoting clarity in the administration of the contract.
Applicable Fraction. For each year, or portion thereof, in the Extended Use Period, the Applicable Fraction will not be less than the Applicable Fraction specified in Exhibit “A”.
Applicable Fraction. The Applicable Fraction shall not be less than [#] percent.
Applicable Fraction. (lesser of: the Project's low-income unit percentage or low-income floor space percentage) 4. Qualified Basis of Project: 5. Credit Percentage month/year: (see # 9 below and instructions) 6. Annual Credit Amount being requested: (multiply line 4 by line 5)
Applicable Fraction. For any Loan Group, a fraction the numerator of which is the excess of the aggregate Stated Principal Balance of the related Mortgage Loans and any amounts related to such Loan Group in the Pre-Funding Account over the aggregate Note Principal Balance of the related Senior Notes and the denominator of which is the aggregate Note Principal Balance of the Subordinated Notes.
Applicable Fraction. The "Applicable Fraction" is equal to the quotient obtained by dividing (A) the quotient obtained by dividing (x) the product of 1.5 multiplied by the Net Cash by (y) the Company Preferred Share Amount by (B) the Designated Parent Stock Price.
Applicable Fraction. The "Applicable Fraction" shall be equal ------------------- ------------------- to the quotient of (a) the Total Share Number, divided by (b) the sum of (i) the total number of issued and outstanding shares of UniCAD Common Stock immediately prior to the Effective Time and (ii) the total number of shares of UniCAD Common Stock issuable upon exercise of all UniCAD Options outstanding and vested immediately prior to the Effective Time.
Applicable Fraction. Calculate the correct applicable fraction. The fraction is the lesser of the ratio of low-income units to total units OR low-income unit floor space to total unit floor space. An on-site manager's unit must be treated as common space. Subtract the unit from both the numerator and denominator of the applicable fraction.
Applicable Fraction. Applicable Fraction" shall mean the fraction: (A) having a numerator equal to the Merger Shares, and (B) having a denominator equal to the Fully Diluted Company Share Amount. If, between the date of this Agreement and the Effective Time, the outstanding shares of Parent Common Stock shall have been changed into a different number of shares or a different class by reason of any reclassification, stock split, reverse stock split, stock dividend, recapitalization or other similar transaction, then the Applicable Fraction shall be correspondingly adjusted.
Applicable Fraction. The "Applicable Fraction" referred to in Section 1.5 of the Reorganization Agreement shall be rounded to five decimal points. 2.
Applicable Fraction. The Applicable Fraction must be met on a project basis. The Applicable Fraction of units may not be decreased during the extended use compliance period.