Applicable Redemption Percentage definition
Applicable Redemption Percentage means one hundred ten percent (110%), unless the Event of Default is one specified under Section 14(A)(viii) or (ix), in which event it means one hundred fifty percent (150%).
Applicable Redemption Percentage means, if the Redemption Payment Date is (x) not more than one hundred twenty (120) days after the Closing Date, one hundred twenty-three and thirty-three one hundredths percent (123.33%); (y) more than one hundred twenty (120) but not more than one hundred eighty (180) days after the Closing Date, one hundred twenty-eight and thirty-three one hundredths percent (128.33%); and (z) more than one hundred eighty (180) days after the Closing Date, one hundred thirty-three and thirty-three one hundredths percent (133.33%).
Applicable Redemption Percentage means 75%; provided that if only the First Purchase has occurred (and no other Purchase has occurred), the Applicable Redemption Percentage on any cumulative Excess Net Proceeds in excess of One Hundred Million Dollars ($100,000,000) shall be 25%. ACTIVE/115988407.2
Examples of Applicable Redemption Percentage in a sentence
For the purposes hereof, the Applicable Redemption Percentage shall mean the greater of (a) 50% or (b) the quotient obtained by dividing (y) the total outstanding balance owed to the Holder by the Company, by (z) the total market value (based on the closing price immediately prior to the delivery of the particular Advance Notice) of the number of authorized shares of the Company remaining available and reserved for issuance to the Holder.
More Definitions of Applicable Redemption Percentage
Applicable Redemption Percentage means, in the case of a redemption -------------------------------- of Series 1997 Preferred Stock pursuant to subparagraphs (e)(i) or (iii) hereof at any time during any Redemption Period set forth below, the Applicable Redemption Percentage set forth opposite such period: Applicable Redemption --------------------- Redemption Period Percentage ----------------- ---------- On or after September 30, 1997 but before September 30, 2001 105% On or after September 30, 2001 but before September 30, 2002 104.286% On or after September 30, 2002 but before September 30, 2003 103.571% On or after September 30, 2003 but before September 30, 2004 102.857% On or after September 30, 2004 but before September 30, 2005 102.143% On or after September 30, 2005 but before September 30, 2006 101.429% On or after September 30, 2006 but before September 30, 2007 100.714%