Equity Percentage. For any Owner Participant, the fractional interest, expressed as a percentage, of such Owner Participant's interest in the Beneficial Interest, calculated by dividing the Commitment of such Owner Participant (or of such Owner Participant's predecessor in interest) paid on the Delivery Date by the aggregate of the Commitments paid by all of the Owner Participants on the Delivery Date. As to AmSouth Leasing, Ltd., such Equity Percentage shall be 50% and as to National City Leasing Corporation, such Equity Percentage shall be 50%.
Appears in 4 contracts
Samples: Participation Agreement (Federal Express Corp), Lease Agreement (Federal Express Corp), Trust Indenture and Security Agreement (Federal Express Corp)
