Aggregate Participation Percentage definition

Aggregate Participation Percentage means, for any Selling Institution at any time, the percentage of Total Capitalization represented by the Aggregate Participation Exposure at such time for such Selling Institution.
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Aggregate Participation Percentage with respect to any Partner or Parallel Fund Partner at any time means the ratio of (i) the aggregate Capital Contributions of such Partner or capital contributions of such Parallel Fund Partner to (ii) the aggregate of all Capital Contributions of all Partners plus the aggregate of all capital contributions of all Parallel Fund Partners, without duplication in the case of any Top Tier Fund.
Sample 1
Aggregate Participation Percentage means the percentage obtained by multiplying (I) 75% by (II) the quotient of (i) the aggregate number of Initial Preferred Shares issued to such Buyer on the Initial Closing Date by (ii) the aggregate number of Initial Preferred Shares issued to all the Buyers on the Initial Closing Date. A Buyer can exercise its option to participate in a Participation Offering by delivering written notice to the Company within five (5) Business Days after receipt of a Participation Offering Notice, which notice shall state the quantity of securities being offered in the Participation Offering that such Buyer will purchase, up to its Aggregate Participation Percentage, and that number of securities it is willing to purchase in excess of its Aggregate Participation Percentage. In the event that one or more Buyers fail to elect to purchase up to each such Buyer's Aggregate Participation Percentage, then each Buyer which has indicated that it is willing to purchase a number of securities in such Participation Offering in excess of its Aggregate Participation Percentage shall be entitled to purchase its pro rata portion (determined in the same manner as described in the preceding sentence) of the securities in the Participation Offering which one or more of the Buyers have not elected to purchase. In the event the Buyers fail to elect to fully participate in the Participation Offering within the periods described in this Section 4(g), the Company shall have 45 days thereafter to sell the securities in the Participation Offering that the Buyers did not elect to purchase, upon terms and conditions, no more favorable to the purchasers thereof than specified in the Participation Offering Notice. In the event the Company has not sold such securities of the Participation Offering within such 45 day period, the Company shall not thereafter issue or sell such securities without first offering such securities to the Buyers in the manner provided in this Section 4(g). The Capital Raising Limitations shall not apply to (i) a loan from a commercial bank which does not have any equity feature, (ii) any transaction involving the Company's issuances of securities (A) as consideration in a merger or consolidation, (B) in connection with any strategic partnership or joint venture (the primary purpose of which is not to raise equity capital), or (C) as consideration for the acquisition of a business, product, license or other assets by the Company,
Sample 1

Examples of Aggregate Participation Percentage in a sentence

  • In the event Cielo repays in full the Loan Amount plus outstanding interest to the Debenture Holders within 24 months, the Aggregate Participation Percentage will be reduced to 20% of the profits from the New Refinery for the life of the New Refinery.

  • In the event Cielo would repay in full the Loan Amount plus outstanding interest to the Debenture Holders within 24 months, the Aggregate Participation Percentage will be reduced to 20% of the profits from the New Refinery for the life of the New Refinery.

Related to Aggregate Participation Percentage

  • Reduction Percentage means the percentage rate by which the Initial Per Certificate Entitlement will reduce on a daily basis on the assumption that the daily rate will be theper annum rate specified in the Final Terms divided by 365 and applied accordingly. B.26 Investment managementNot applicable - there is no active management of the assets of the Issuer. B.27 Further issuances backed by same pool of assetsNot applicable – the Issuer will not issue further securities backed by the same pool of assets. B.29 Description of the flow of fundsSave to the extent that the Authorised Participant as subscribed for the issue of Certificates in whole or in part by the physical delivery of the relevant Precious Metal in respect of the Series (the "Underlying Precious Metal"), the net proceeds from each issue of Certificates will be used (a) to purchase the Underlying Precious Metal and (b) to pay any listing fees incurred in connection with the listing of the Certificates. The Certificates will not bear interest. On redemption, a Certificateholder will, in respect of a Certificate, receive on a date on or before the third business day following the relevant Eligible Redemption Valuation Date(being any business day) (in each case the "Settlement Date"):

  • Revolving Percentage as to any Revolving Lender at any time, the percentage which such Lender’s Revolving Commitment then constitutes of the Total Revolving Commitments or, at any time after the Revolving Commitments shall have expired or terminated, the percentage which the aggregate principal amount of such Lender’s Revolving Loans then outstanding constitutes of the aggregate principal amount of all Revolving Loans then outstanding; provided that in the event that the Revolving Loans are paid in full prior to the reduction to zero of the Total Revolving Commitments, the Revolving Percentages shall be determined in a manner designed to ensure that the other outstanding Revolving Extensions of Credit shall be held by the Revolving Lenders on a comparable basis.

  • Applicable Revolving Percentage means with respect to any Revolving Lender at any time, such Revolving Lender’s Applicable Percentage in respect of the Revolving Facility at such time.