Applicable Equity Percentage definition

Applicable Equity Percentage means, for any distribution or acquisition, the percentage obtained by dividing (A) the fair market value on the Valuation Date (as defined below) of the cash, securities and other property distributed in respect of, or paid or otherwise exchanged to acquire, Capital Stock in such distribution or acquisition, by (B) the fair market value on the Reference Date (as defined below) of the Capital Stock outstanding on such Reference Date; and "Valuation Date" means (A) for any distribution, the record date therefor or (B) for any acquisition, the date thereof; "Reference Date" means (A) for any distribution, the day before the earlier of the record date for such distribution or the first date on which the Capital Stock trades without the right to receive such distribution or (B) for any acquisition, the day before the date of such acquisition.
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Applicable Equity Percentage means, with respect to the issuance of common stock, 50%, and with respect to the issuance of preferred stock, 85%.
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Applicable Equity Percentage means, for any distribution or acquisition, the percentage equal to (x) the Fair Market Value (as defined below) on the Valuation Date (as defined below) of the cash, securities and other property distributed in respect of or paid or otherwise exchanged to acquire, Common Stock of the Company in such distribution or acquisition divided by (y) the Fair Market Value on the Reference Date (as defined below) of the Common Stock of the Company outstanding on such Reference Date; “Valuation Date” shall mean (x) for any distribution, the record date therefor or (y) for any acquisition, the date thereof, and “Reference Date” shall mean (x) for any distribution, the day before the earlier of the record date for such distribution and the first date on which the relevant common stock trades the regular way without the right to receive such distribution, or (y) for any acquisition, the day before the date of such acquisition. “Voting Shares” shall mean (solely for purposes of this Section 1.02) all outstanding shares of any class or classes (however designated) of capital stock entitled to vote generally in the election of members of the Board of Directors of the Company. “Permitted Holder” shall mean (i) J. Xxxxx Xxxxxxxx, Xx. or J. Xxxxx Xxxxxxxx, III, (ii) any heir, executor, administrator, testamentary trustee, legatee, beneficiary or distributee of J. Xxxxx Xxxxxxxx, Xx. or J. Xxxxx Xxxxxxxx, III, (iii) any trust, the beneficiaries of which include only J. Xxxxx Xxxxxxxx, Xx., J. Xxxxx Xxxxxxxx, III or any person described in clause (ii) hereof and (iv) The Coca-Cola Company. In addition, so long as any Person (a “Holding Company”) owns, directly or indirectly, Voting Shares of the Company entitled to exercise 50% or more of the total voting power of all outstanding Voting Shares of the Company, any references to the “Company” in clauses (i) through (v) above and in any related definitions shall be deemed to refer to the Company and such Holding Company (from and after the date on which such Holding Company first became such an owner of Voting Shares of the Company) as one entity. A “Rating Decline” shall be deemed to exist for any Designated Event if either (i) on any date within the Comparison Period (as defined below) for such Designated Event:
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Examples of Applicable Equity Percentage in a sentence

  • Subject to the conditions and terms hereof, each Owner Participant shall make available to the Lessee (through the Lessor) at the request of the Lessee from time to time during the Initial Lease Term on any Closing Date an amount (each, an "Equity Investment") in immediately available funds equal to such Owner Participant's Applicable Equity Percentage of the amount of the Advance being funded on such Closing Date.

  • Anything in the foregoing to the contrary notwithstanding, in no event shall the obligation of the Sponsor under this Section 2 with respect to any Guaranteed Obligation arising in respect of any Equity Funding Payment exceed an amount equal to the product of (a) the Applicable Equity Percentage times (b) the amount of such Equity Funding Payment (together with accrued ----- interest and fees thereon).


More Definitions of Applicable Equity Percentage

Applicable Equity Percentage means, as of any date, the percentage that (x) Effective Date Equity bears to (y) Total Outstanding Equity on such date. For the avoidance of doubt, as of the Effective Date, the Applicable Equity Percentage shall equal 100%.
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Applicable Equity Percentage means fifty per cent (50%).
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Applicable Equity Percentage means (i) 50% if the Consolidated Leverage Ratio as of the last day of the most recent Test Period is greater than or equal to 5.00 to 1.00, (ii) 25% if the Consolidated Leverage Ratio as of the last day of the most recent Test Period is less than 5.00 to 1.00 but the greater than or equal to 4.00:1.00 and (iii) 0% if the Consolidated Leverage Ratio as of the last day of the most recent Test Period is less than 4.00:1.00.
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Applicable Equity Percentage means 100%, provided that at any time when (x) no Specified Default, and no Event of Default, then exists and (y) the Combined Leverage Ratio is less than 5.0:1.0, then the Applicable Equity Percentage shall be reduced to zero for so long as the conditions specified in preceding clauses (x) and (y) continue to be satisfied.
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Related to Applicable Equity Percentage

  • Equity Percentage means the aggregate ownership percentage of Borrower in each Unconsolidated Affiliate, which shall be calculated as the greater of (a) Borrower’s nominal capital ownership interest in the Unconsolidated Affiliate as set forth in the Unconsolidated Affiliate’s organizational documents, and (b) Borrower’s economic ownership interest in the Unconsolidated Affiliate, reflecting Borrower’s share of income and expenses of the Unconsolidated Affiliate.

  • Applicable ECF Percentage means, for any fiscal year, (a) 50% if the Total Leverage Ratio as of the last day of such fiscal year is greater than or equal to 6.00 to 1.00, (b) 25% if the Total Leverage Ratio as of the last day of such fiscal year is less than 6.00 to 1.00 but greater than or equal to 5.00 to 1.00 and (c) 0% if the Total Leverage Ratio as of the last day of such fiscal year is less than 5.00 to 1.00.

  • 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.

  • Applicable Commitment Percentage means, with respect to each Lender at any time, a fraction, the numerator of which shall be such Lender's Revolving Credit Commitment and the denominator of which shall be the Total Revolving Credit Commitment, which Applicable Commitment Percentage for each Lender as of the Closing Date is as set forth in Exhibit A; provided that the Applicable Commitment Percentage of each Lender shall be increased or decreased to reflect any assignments to or by such Lender effected in accordance with Section 11.1.

  • Applicable Dollar Percentage means, with respect to any Dollar Lender, the percentage of the total Dollar Commitments represented by such Dollar Lender’s Dollar Commitment. If the Dollar Commitments have terminated or expired, the Applicable Dollar Percentages shall be determined based upon the Dollar Commitments most recently in effect, giving effect to any assignments.

  • Applicable Multicurrency Percentage means, with respect to any Multicurrency Lender, the percentage of the total Multicurrency Commitments represented by such Multicurrency Lender’s Multicurrency Commitment. If the Multicurrency Commitments have terminated or expired, the Applicable Multicurrency Percentages shall be determined based upon the Multicurrency Commitments most recently in effect, giving effect to any assignments.

  • Cash Percentage shall have the meaning specified in Section 14.02(a)(iii).

  • Investment Percentage means a percentage established for each Partner on the Partnership’s books as of the first day of each Fiscal Period. The Investment Percentage of a Partner for a Fiscal Period will be determined by dividing the balance of the Partner’s Capital Account as of the commencement of the Fiscal Period by the sum of the Capital Accounts of all of the Partners as of the commencement of the Fiscal Period. The sum of the Investment Percentages of all Partners for each Fiscal Period will equal 100%.

  • L/C Percentage as to any L/C Lender at any time, the percentage of the Total L/C Commitments represented by such L/C Lender’s L/C Commitment, as such percentage may be adjusted as provided in Section 2.23.

  • Applicable Commitment Fee Percentage means, as at any date of determination, the rate per annum then applicable in the determination of the amount payable under Section 2.15(C)(i) hereof determined in accordance with the provisions of Section 2.15(D)(ii) hereof.

  • Applicable L/C Fee Percentage means, as at any date of determination, a rate per annum equal to the Applicable Eurodollar Margin for Revolving Loans in effect on such date.

  • Applicable Credit Support Percentage As defined in Section 4.02(e).

  • Asset Percentage has the meaning specified in Section 2.05(b)(ii).

  • Revolver Percentage means, for each Lender, the percentage of the Revolving Credit Commitments represented by such Lender’s Revolving Credit Commitment or, if the Revolving Credit Commitments have been terminated, the percentage held by such Lender (including through participation interests in Reimbursement Obligations) of the aggregate principal amount of all Revolving Loans and L/C Obligations then outstanding.

  • Designated Percentage shall have the meaning set forth in Section 1(a) hereof.

  • 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 the Revolving Loans then outstanding).

  • Applicable Collateral Percentage with respect to any Firm Collateral or Special Firm Collateral, has the meaning set forth in the books and records of the Partnership with respect thereto.

  • Revolving Facility Percentage means, with respect to any Revolving Facility Lender of any Class, the percentage of the total Revolving Facility Commitments of such Class represented by such Lender’s Revolving Facility Commitment of such Class. If the Revolving Facility Commitments of such Class have terminated or expired, the Revolving Facility Percentages of such Class shall be determined based upon the Revolving Facility Commitments of such Class most recently in effect, giving effect to any assignments pursuant to Section 9.04.

  • Original Applicable Credit Support Percentage With respect to each of the following Classes of Subordinated Certificates, the corresponding percentage described below, as of the Closing Date: Class M...................4.25% Class B-1.................2.30% Class B-2.................1.50% Class B-3.................1.00% Class B-4.................0.55% Class B-5.................0.20%

  • Total Percentage means, with respect to any Lender at any time, the ratio (expressed as a percentage) of such Lender’s Aggregate Exposure at such time to the Aggregate Exposure of all Lenders at such time.

  • Applicable Revolving Commitment Fee Percentage means (a) from the Closing Date until the date of delivery of the Compliance Certificate and the financial statements for the second full Fiscal Quarter after the Closing Date, a percentage, per annum, determined by reference to the following table as if the Leverage Ratio then in effect were 3.00:1.00; and (b) thereafter, a percentage, per annum, determined by reference to the Leverage Ratio in effect from time to time as set forth below: >3.00:1.00 0.75% 1.30% <3.00:1.00 >2.50:1.00 0.75% 1.20% No change in the Applicable Revolving Commitment Fee Percentage shall be effective until three (3) Business Days after the date on which the Administrative Agent has received the applicable financial statements and a Compliance Certificate pursuant to Section 5.01(c) calculating the Leverage Ratio. At any time the Borrower Representative has not submitted to the Administrative Agent the applicable information as and when required under Section 5.01(c), the Applicable Revolving Commitment Fee Percentage shall be determined as if the Leverage Ratio were in excess of 3.00:1.00. Promptly following receipt of the applicable information under Section 5.01(c), the Administrative Agent shall give each Lender telefacsimile or telephonic notice (confirmed in writing) of the Applicable Revolving Commitment Fee Percentage in effect from such date. In the event that any financial statement or certificate delivered pursuant to Section 5.01 is shown to be inaccurate, and such inaccuracy, if corrected, would have led to the application of a higher Applicable Revolving Commitment Fee Percentage for any Applicable Period than the Applicable Revolving Commitment Fee Percentage applied for such Applicable Period, then (i) the Borrower Representative shall immediately deliver to the Administrative Agent a correct certificate required by Section 5.01 for such Applicable Period, (ii) the Applicable Revolving Commitment Fee Percentage shall be recalculated with the Leverage Ratio at the corrected level and (iii) each applicable Borrower shall immediately pay to the Administrative Agent the accrued additional fees owing as a result of such increased Applicable Revolving Commitment Fee Percentage for such Applicable Period. Nothing in this definition shall limit the right of the Administrative Agent or any Lender under Section 2.10 or Article VIII and the provisions of this definition shall survive the termination of this Agreement.

  • Discount Percentage shall have the meaning specified in Section 2.11.

  • Permitted Percentage means 25% of the voting power of the Stock.

  • NOLV Percentage the net orderly liquidation value of Inventory, expressed as a percentage, expected to be realized at an orderly, negotiated sale held within a reasonable period of time, net of all liquidation expenses, as determined from the most recent appraisal of Borrowers’ Inventory performed by an appraiser and on terms satisfactory to Agent.

  • Threshold Percentage means 15%.

  • PO Percentage As to any Discount Mortgage Loan, a fraction (expressed as a percentage) the numerator of which is the excess of the Required Coupon over the Adjusted Net Mortgage Rate of such Discount Mortgage Loan and the denominator of which is such Required Coupon. As to any Non-Discount Mortgage Loan, 0%.