Calculated Percentage definition
Examples of Calculated Percentage in a sentence
For clarification, the Calculated Percentage, based on the initial ownership interests of the Parties at the date of this Agreement, is 3.75% (i.e., 75% of 5%).
As provided in the Conveyance in the definition of "Dedication Percentage", the new Dedication Percentage will take effect with respect to the Subject Interests as of the first day of the month following the date of the calculation of the Calculated Percentage and shall be equal to the lesser of (i) the Calculated Percentage applicable thereto and (ii) a maximum percentage of ninety percent (90%).
For its services in arranging for the distribution of Deferred Charge Securities which form a Quarterly Pool, FEP shall receive a monthly fee (the "Monthly Fee") in each calendar month in respect of each Quarterly Pool equal to the Calculated Percentage in respect of that Quarterly Pool for that quarter multiplied by the daily average Net Asset Value of all Distributed and Reinvested Securities forming part of such Quarterly Pool multiplied by 30 and divided by 360.
If the ADP or ACP are not met or will not be met, the Administrative Committee shall determine a maximum percentage to be used in place of the Calculated Percentage for each HCE that would reduce the ADP or ACP of the HCE Group by a sufficient amount to meet the ADP and ACP Tests.