Corresponding Percentage definition
Corresponding Percentage means, with respect to any Other Debt Prepayment, the quotient (expressed as a percentage carried out to the ninth decimal place) equal to (i) the amount of such Other Debt Prepayment divided by (ii) the aggregate outstanding amount of the Indebtedness to which such Other Debt Prepayment is applied determined immediately prior to the making of such Other Debt Prepayment.
Corresponding Percentage means the number of Company Shares held by a Schedule A Stockholder as of the Effective Date multiplied by a percentage, the numerator of which is (i) the number of BTAI Shares being transferred in each such BTAI Share Exchange and the denominator of which is (ii) 566,245, the total number of BTAI Shares that are subject to being transferred as Offset Distributions in connection with the BTAI Share Exchanges, ultimately resulting in 100% of the Company Shares held by the Schedule A Stockholders being transferred and surrendered in the BTAI Share Exchanges once 100% of the BTAI Shares subject to the BTAI Share Exchanges are transferred to such Stockholders in consideration thereof. For example, if 100 BTAI Shares are distributed in a BTAI Share Exchange out of a 1,000 total BTAI Shares subject to Offset Distributions in connection with BTAI Share Exchanges, then 10% of the Company Shares held by each Schedule A Stockholder will be transferred and surrendered as the Corresponding Percentage.
Corresponding Percentage means (i) in the case of a UNEV Sell-Down involving a sale by HEP UNEV of membership interests of UNEV Pipeline, a percentage equal to the portion of such seller’s total membership interest in UNEV Pipeline represented by the membership interest being sold (e.
Examples of Corresponding Percentage in a sentence
The parties hereto agree that for income tax purposes, each Offset Distribution will be the redemption price associated with each associated transfer and sale to the Company of the Corresponding Percentage on a Redemption Date.
More Definitions of Corresponding Percentage
Corresponding Percentage means (i) 50.1% if the Non-Acquisition Party is SSBO, and (ii) 49.9% if the Non-Acquisition Party is BMS. * CONFIDENTIAL TREATMENT REQUESTED. CONFIDENTIAL PORTION HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION
Corresponding Percentage of a Shareholder with respect to which Expropriatory Action has occurred means the product, expressed as a percentage, of the percentage reduction in such Shareholder’s equity interest in, and/or loans to and/or debt securities issued by, Carrier and the percentage difference represented by the Fair Market Value of such equity interest, loans and debt securities, and the value received by such Shareholder in connection with such Expropriatory Action. “Corresponding Portion” of the undivided interest in the Association Contracts or of Shares, as the case may be, means the portion, expressed as a percentage, equal to the portion of Initial Shipper’s Proportionate Share being transferred divided by the Proportionate Share held by the Initial Shipper immediately prior to such transfer.