Differential Percentage definition
Differential Percentage means, on any date of determination, a percentage equal to (a) the Advance Rate with respect to Class 1 Eligible Contracts as of such date of determination minus (b) a percentage equivalent to (i) an amount equal to (A) the amount specified in clause (x)(A) of the definition of "Net Securitization Proceeds Percentage" minus (B) the amount specified in clause (x)(C) of the definition of "Net Securitization Proceeds Percentage" divided by (ii) the amount specified in clause (y) of the definition of "Net Securitization Proceeds Percentage" (in each case, with respect to the anticipated Net Securitization Proceeds Percentage as of such date of determination).
Examples of Differential Percentage in a sentence
The Association and District agree that all site-based ELL Facilitators who are employed during the 2021-2022 and 2022-2023 school year will receive the differential percentages outlined below on the following schedule: Number of Y and T Students on Caseload as of October 1, each year Differential Percentage Facilitators will receive the listed differential based on MA+0, step 4 of the salary schedule.