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.
Applicable Equity Percentage means, with respect to the issuance of common stock, 50%, and with respect to the issuance of preferred stock, 85%.
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:
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 (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.
Applicable Equity Percentage means fifty per cent (50%).
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.
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%.