Class C Allocation Percentage definition

Class C Allocation Percentage means, with respect to any Monthly Period, for the Class C Notes, a fraction, the numerator of which is equal to the sum of (1) for all Tranches of Class C Notes in an Amortization Period (exclusive of (x) any Tranche of Class C Notes which will be paid in full during such Monthly Period and (y) any Tranche of Class C Notes which will have a Nominal Liquidation Amount of zero during such Monthly Period), the sum of the Nominal Liquidation Amounts of all such Tranches of Class C Notes as of the close of business on the last day prior to the commencement of the most recent Amortization Period for such Tranche of Class C Notes plus (2) for all other Tranches of Class C Notes, the sum of (a) the Nominal Liquidation Amount of such Tranche of Class C Notes as of the close of business on the last day of the immediately preceding Monthly Period, or with respect to the first Monthly Period for any Tranche of Class C Notes, the Initial Dollar Principal Amount of such Tranche of Class C Notes plus (b) the aggregate amount of any increase in the Nominal Liquidation Amount of such Tranche of Class C Notes due to the issuance of additional Class C Notes of such Tranche during such Monthly Period and the denominator of which is the numerator of the CHASEseries Principal Allocation Percentage for such Monthly Period.
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Class C Allocation Percentage means 31%, subject to adjustment from time to time as described in this Article FOURTH; provided, however, that such fraction shall in no event be greater than one.
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Class C Allocation Percentage shall have the meaning specified in the Restated Certificate.
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Examples of Class C Allocation Percentage in a sentence

  • The covenants set forth in Sections 8.02 through 8.06 of this Section 8 are made for the benefit only of Hearst and Hearst Permitted Transferees, and shall be effective only for so long as Hearst and the Hearst Permitted Transferees own shares of Class C Common Stock and the Class C Allocation Percentage (as defined in the Restated Charter) is at least equal to 15 percent (15%).

  • The Equity Purchase Price and the initial Class C Allocation Percentage have been determined based on a calculation of the “Equity Value” of the Non-Bay Area Business as set forth on Schedule 9.5(b).

  • The appropriate adjustments to the Class C Allocation Percentage pursuant to the preceding sentence shall be determined in the manner provided in the Fair Value Policy (as defined below).

  • If the Equity Investment is consummated, the Class C Allocation Percentage and Annex A to the Allocation Policies shall each be determined pursuant to this Section 2.4.

  • The Equity Closing Statement shall set forth MNG’s determination of the Class C Allocation Percentage after giving effect to the Initial Adjusted Non-Bay Area Indebtedness determined employing the calculation set forth in Schedule 9.5(b) (the “Adjusted Class C Allocation Percentage”).

  • The Board of Directors of MNG shall have adopted the policies for determining Fair Value (as such term is used in the Restated Certificate) and adjustments to the Class C Allocation Percentage set forth in Schedule 7.3(c).

  • The proposed program is divided into three phases; Xxxxx 0, Xxxxx 0, and Phase 3.

Related to Class C Allocation Percentage

  • Floating Allocation Percentage means, with respect to any Monthly Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is the Invested Amount as of the last day of the preceding Monthly Period (or with respect to the first Monthly Period, the Initial Invested Amount) and the denominator of which is the greater of (1) the sum of (x) the total amount of Principal Receivables in the Trust at the end of the day on such date (or with respect to the first Monthly Period, at the end of the day on the Closing Date) and (y) the principal amount on deposit in the Excess Funding Account as of the end of the day on such date and (2) the sum of the numerators used to calculate the Series Percentages (as such term is defined in the Agreement) with respect to Finance Charge Receivables or Defaulted Receivables, as applicable, for all Series then outstanding; provided, however, that with respect to any Monthly Period in which an Addition Date occurs and the Servicer need not make daily deposits of Collections into the Collection Account, the denominator in (x) above shall be the Average Principal Balance; provided further, however, that with respect to any Monthly Period in which an Addition Date occurs and the Servicer is required to make daily deposits of Collections into the Collection Account, the denominator in (x) above shall be (1) for the period from and including the first day of such Monthly Period to but excluding the related Addition Date, the aggregate amount of Principal Receivables in the Trust at the end of the day on the last day of the prior Monthly Period and (2) for the period from and including the related Addition Date to and including the last day of such Monthly Period, the aggregate amount of Principal Receivables in the Trust at the end of the day on the related Addition Date.

  • Reduction Percentage means the percentage rate by which the Initial Per Certificate Entitlement will reduce on a daily basis on the assumption that the daily rate will be theper annum rate specified in the Final Terms divided by 365 and applied accordingly. B.26 Investment managementNot applicable - there is no active management of the assets of the Issuer. B.27 Further issuances backed by same pool of assetsNot applicable – the Issuer will not issue further securities backed by the same pool of assets. B.29 Description of the flow of fundsSave to the extent that the Authorised Participant as subscribed for the issue of Certificates in whole or in part by the physical delivery of the relevant Precious Metal in respect of the Series (the "Underlying Precious Metal"), the net proceeds from each issue of Certificates will be used (a) to purchase the Underlying Precious Metal and (b) to pay any listing fees incurred in connection with the listing of the Certificates. The Certificates will not bear interest. On redemption, a Certificateholder will, in respect of a Certificate, receive on a date on or before the third business day following the relevant Eligible Redemption Valuation Date(being any business day) (in each case the "Settlement Date"):