Required Percentage. As of any Distribution Date following a Stepdown Date, the quotient of (1) the excess of (A) the Stated Principal Balances of the Mortgage Loans as of such Distribution Date, over (B) the Certificate Principal Balance of the most senior Class of Certificates outstanding, prior to giving effect to distributions to be made on such Distribution Date and (2) the Stated Principal Balance of the Mortgage Loans as of such Distribution Date.
Required Percentage. 23 SEC.................................................7
Required Percentage. The Required Percentage for the Generating Facility is ninety-five percent (95%) of the Expected Nameplate Capacity Rating, which is equivalent to [___] MW.
Required Percentage. Fifty percent (50%) of the Regular Members and fifty percent (50%) of the Principal Members shall constitute a quorum to take decisions at a General Meeting of Members. Each Member shall be represented either by its main Representative or by one (1) alternate Representative, whose names shall be notified to the Chairman of the Board of Directors, the General Secretary or the Secretary of the Association.
Required Percentage. As of any Distribution Date following a Stepdown Date, the quotient of (1) the excess of (A) the Stated Principal Balances of the Mortgage Loans as of such Distribution Date, over (B) the Certificate Principal Balance of the most senior Class of Certificates outstanding, prior to giving effect to distributions to be made on such Distribution Date and (2) the Stated Principal Balance of the Mortgage Loans as of such Distribution Date. As used herein, on any Distribution Date when any of the Class A Certificates are outstanding, the Certificate Principal Balance of the most senior Class of Certificates will equal the aggregate Certificate Principal Balance of the Class A Certificates as of such date of calculation.
Required Percentage. 66-2/3%.
Required Percentage. All decisions of the Member and any additional members admitted by the Member respecting any matter set forth herein or otherwise affecting or arising out of the conduct of the business of the Company shall be made by action of the holders of more than fifty percent (50%) of the Membership Interests, unless pursuant to this Agreement, the Act or other applicable law, a greater number or percentage is required.
Required Percentage. With respect to a Payment Date after the Stepdown Date, the quotient of (x) (1) the aggregate Scheduled Principal Balance of the Mortgage Loans, less (2) the Note Principal Balance of the most senior class of Notes (other than the Class A-IO Notes) outstanding as of such Payment Date, prior to giving effect to payments to be made on such Payment Date, and (y) the Scheduled Principal Balances of the Mortgage Loans. As used herein, the Note Principal Balance of the most senior class of Notes outstanding will equal the aggregate Note Principal Balance of the Class A Notes as of such date of calculation.
Required Percentage. With respect to a Payment Date after the Stepdown Date, the quotient of (x) (1) the Aggregate Collateral Balance, less (2) the Class Principal Amount of the most senior Class of LIBOR Notes outstanding as of such Payment Date, prior to giving effect to payments to be made on such Payment Date, and (y) the Aggregate Collateral Balance. As used herein, the Class Principal Amount of the most senior class of Notes outstanding will equal the aggregate Class Principal Amount of the Class A Notes as of such date of calculation.
Required Percentage. 66 2/3%. ------------------- Revolving Credit Period. The period beginning on the date of this ----------------------- Agreement and extending through and including the Revolving Credit Termination Date or such earlier date on which the commitment to make Loans is terminated or the Commitment Amount is reduced to zero in accordance with the terms hereof. Revolving Credit Termination Date. July 31, 2002. --------------------------------- Stores. See Preamble. ------
