Reduction of Designated Percentage Sample Clauses

Reduction of Designated Percentage. As of the Conversion Date, the Designated Percentage for each Investor shall be reduced by subtracting therefrom the product of
Sample 1
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Reduction of Designated Percentage. As of the Conversion Date, the Designated Percentage for each Investor (as reduced pursuant to Section 4.4, if applicable) shall be reduced by subtracting therefrom the product of the CP and the Designated Percentage listed opposite such Investors' name on Annex 1 hereto. If all of the Rio Negro NPI has been converted into Preferred Shares upon Conversion, the Rio Negro NPI shall terminate and no payments shall be made to Investors with respect to the Rio Negro NPI pursuant to Section 3.7 or otherwise. If less than all of the Rio Negro NPI has been so converted, all payments from and after the Conversion Date made by Owner to Investors pursuant to Section 3.7 shall be made based on a Designated Percentage as reduced in accordance with this Section.
Sample 1
Reduction of Designated Percentage. Provided closing of such Exchange has occurred pursuant to Section 4.3, as of the Exchange Date of each Exchange pursuant to this Article IV, the Designated Percentage then in effect of each Investor shall be reduced by subtracting therefrom the product of (a) such Designated Percentage and (b) the quotient obtained by dividing (i) the Unexchanged Advances of such Investor that are the subject of such Exchange (i.e., the total amount of Unexchanged Advances specified for exchange by such Investor in Investors' notice of such Exchange pursuant to Section 4.1) by (ii) the total Advance Commitment set forth opposite such Investor's name on Annex I hereto. All payments with respect to periods from and after the Exchange Date of such Exchange made by Harken Colombia to such Investor pursuant to Section 3.7 shall be made based on the Designated Percentage of such Investor as reduced for such Exchange in accordance with this Section, subject to further reduction of such percentage as provided in this Agreement; provided, however, that, if the Designated Percentage of such Investor has been reduced to zero as a result of such Exchange, such Investor's interest in the Net Profits Interest shall terminate effective as of the Exchange Date of such Exchange and no payments shall thereafter be made to such Investor with respect to the Net Profits Interest pursuant to Section 3.7 or otherwise other than payments with respect to periods prior to such Exchange Date.
Sample 1

Related to Reduction of Designated Percentage

  • Original Subordinated Percentage The Original Subordinated Percentage is 3.20668095%.

  • Reallocation of Applicable Revolving Percentages to Reduce Fronting Exposure All or any part of such Defaulting Lender’s participation in L/C Obligations and Swingline Loans shall be reallocated among the Non-Defaulting Lenders in accordance with their respective Applicable Revolving Percentages (calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that such reallocation does not cause the aggregate Revolving Exposure of any Non-Defaulting Lender to exceed such Non-Defaulting Lender’s Revolving Commitment. Subject to Section 11.20, no reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that Lender having become a Defaulting Lender, including any claim of a Non-Defaulting Lender as a result of such Non-Defaulting Lender’s increased exposure following such reallocation.

  • Applicable Percentage Except as provided otherwise in the next sentence, the term "Applicable Percentage" shall mean: (i) 0% during the one-year period commencing on the Closing Date (ii) 20% during the one-year period commencing on the first anniversary of the Closing Date; (iii) 40% during the one-year period commencing on the second anniversary of the Closing Date; (iv) 60% during the one-year period commencing on the third anniversary of the Closing Date; (v) 80% during the one-year period commencing on the fourth anniversary of the Closing Date; and (vi) 100% on and after the fifth anniversary of the Closing Date. Notwithstanding the foregoing, (A) immediately prior to and after the occurrence of a Sale of the Company, such Applicable Percentage shall mean 100%, and (B) in the case of a termination of employment described in Section 7.2(a)(iii)(B), such Applicable Percentage in clauses (i), (ii) and (iii) shall be 0%, and in clauses (iv) and (v) and (vi) shall be 40%, 75% and 100%, respectively.

  • Limitation on Aggregate Principal Amount The aggregate principal amount of the Notes shall not be limited. The Company shall not execute and the Trustee shall not authenticate or deliver Notes except as permitted by the terms of the Indenture.

  • Commitment Percentage With respect to each Lender, the percentage set forth on Schedule 1.1 hereto as such Lender’s percentage of the aggregate Commitments of all of the Lenders, as the same may be changed from time to time in accordance with the terms of this Agreement.

  • Commitment Amount With respect to any Portfolio Asset that is a Delayed-Draw Loan as of any date of determination, the maximum outstanding principal amount of such Portfolio Asset that a registered holder of the amount of such Portfolio Asset held by the Issuer would on such date be obligated to fund (including all amounts previously funded and outstanding, whether or not such amounts, if repaid, may be reborrowed).

  • Reduction of the Commitment Amounts The Commitment Amounts are subject to reduction from time to time pursuant to this Section 2.2.

  • Minimum Amounts and Maximum Number of Eurodollar Tranches Notwithstanding anything to the contrary in this Agreement, all borrowings, conversions, continuations and optional prepayments of Eurodollar Loans hereunder and all selections of Interest Periods hereunder shall be in such amounts and be made pursuant to such elections so that, (a) after giving effect thereto, the aggregate principal amount of the Eurodollar Loans comprising each Eurodollar Tranche shall be equal to $5,000,000 or a whole multiple of $1,000,000 in excess thereof and (b) no more than ten Eurodollar Tranches shall be outstanding at any one time.

  • Commitments and Applicable Percentages 5.01 Loan Parties Organizational Information 5.08(b)(1) Owned Real Estate 5.08(b)(2) Leased Real Estate 5.10 Insurance 5.13 Subsidiaries; Other Equity Investments

  • Adjustments to Required Subordinated Percentages and Amount (a) On any date, the Issuer may, at the direction of the Beneficiary, change the Required Subordinated Percentage of Class B Notes, the Required Subordinated Percentage of Class C Notes or the Required Subordinated Percentage of Class D Notes, in each case for the Class A(2015-1) Notes, without the consent of any Noteholders; provided that the Issuer has received written confirmation from each applicable Note Rating Agency that the change in such percentage will not result in a Ratings Effect for any Tranche of Outstanding DiscoverSeries Notes.

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