Applicable Allocation Percentage definition
Applicable Allocation Percentage means, as of any Payment Date, in the case of (i) the Holders of the Class E Securities, a fraction, the numerator of which is the aggregate Adjusted Appraised Values of the ACS Group Aircraft then owned by the ACS Ireland Group and the denominator of which is the aggregate Adjusted Appraised Values of the ACS Group Aircraft then in the ACS Group Portfolio and (ii) the Shareholders, a fraction, the numerator of which is the aggregate Adjusted Appraised Values of the ACS Group Aircraft then owned by the ACS Bermuda Group and the denominator of which is the aggregate Adjusted Appraised Values of the ACS Group Aircraft then in the ACS Group Portfolio.
Applicable Allocation Percentage means, in the case of (i) the Holders of the Class E Securities, a fraction, the numerator of which is the aggregate Assumed Base Values of the ACS Group Aircraft owned by the ACS Ireland Group and the denominator of which is the aggregate Assumed Base Values of the ACS Group Aircraft in the ACS Group Portfolio and (ii) the Shareholders, a fraction, the numerator of which is the aggregate Assumed Base Values of the ACS Group Aircraft owned by the ACS Bermuda Group and the denominator of which is the aggregate Assumed Base Values of the ACS Group Aircraft in the ACS Group Portfolio.