Eligible Percentage definition

Eligible Percentage means, for any category of Eligible Collateral, the percentage set forth opposite such category of Eligible Collateral specified on Schedule 1.1(b) and, in each case, subject to either the original term to maturity criteria or the weighted average life criteria set forth therein.
Sample 1Sample 2Sample 3
Eligible Percentage with respect to any Warrants to be released from escrow pursuant to this Escrow Agreement on June 30, 2000 (the "FIRST ANNIVERSARY DATE") and on each date after the First Anniversary Date (each such date, including the First Anniversary Date, a "RELEASE DATE") set forth under Column A below, until the Notes have been redeemed or repurchased in full, shall be the sum of (1) the percentage set forth in Column B below and (2) the cumulative percentage of all Warrants previously "earned" pursuant to clause (1) above on each of the prior dates under Column A that have occurred and that have not been previously released pursuant to this Escrow Agreement. Each holder of Notes shall be entitled to a pro rata share of Warrants equal to the product of (a) the ratio of the aggregate principal amount of all Notes held by such holder at the time of such "earn-in" release to the aggregate principal amount of all Notes then outstanding and (b) the amount of Warrants "earned" pursuant to clauses (1) and (2) above. Once "earned," Warrants remain "earned" and the fully-vested property of the holder of Notes, as the case may be, despite any future payments or redemptions of the Notes.
Sample 1
Eligible Percentage. Required Tranche 2 Lenders" or SCHEDULE 1.1(B) without the consent of the Required Tranche 2 Lenders;
Sample 1

Examples of Eligible Percentage in a sentence

  • Eligible Percentage means the percentage resulting from the following calculation: [Mobile Business Gross Profit Goal Vesting Eligible Percentage x Mobile Business Gross Profit Goal Allocation Percentage] + [Mobile Business Revenue Goal Vesting Eligible Percentage x Mobile Business Revenue Goal Allocation Percentage] GAAP means generally accepted accounting principles.

  • If the Eligible Percentage is 100% of the Bayer Equity PO Capacity, Bayer PO LP's offer to Lyondell must include Bayer PO LP's interest in the Technology Joint Venture.

  • Maximum credits allowed beyond4Post Diploma Credits already taken0Maximum number of eligible courses4 (A)Number of courses enrolled in for the3 (B)Maximum eligible courses (lesser of A3 (C) Full course load for the school year 6 (D) Eligible Percentage (C/D)50% Example 2:A pupil 21 years of age or older with a high school diploma and 2 additional credits enrolled in 3 approved courses where 6 approved courses is a full course load.

  • Lyondell shall have the right to acquire, at its option, either 0%, 50% or 100% of such Eligible Percentage at the then Fair Market Value (determined without giving effect to the field of use restriction set forth in Section 2.01(a) of the Bayer License Agreement).

  • Maximum credits allowed beyond graduation4Post Diploma Credits already taken2Maximum number of eligible courses remaining2 (A)Number of courses enrolled in for the school year3 (B)Maximum eligible courses (lesser of A and B)2 (C) Full course load for the school year 6 (D) Eligible Percentage (C/D)30% c) Certificate of Completion - Receiving Instruction in Approved Courses i) Under 21 years of age on December 31.

  • Cash flows from agreements with Alternative Investment Grade customers will be multiplied by the applicable Eligible Percentage listed in Part B below for purposes of calculating the Class A Capital Contribution Amount, and cash flows from agreements with Sub-Investment Grade customers will not be used for purposes of calculating the Class A Capital Contribution Amount.

  • Percentage means the percentage resulting from the following calculation: [Retail Dealer Services Group Gross Margin Goal Vesting Eligible Percentage x Retail Dealer Services Group Gross Margin Goal Allocation Percentage] + [Retail Dealer Services Group Revenue Goal Vesting Eligible Percentage x Retail Dealer Services Group Revenue Goal Allocation Percentage] GAAP means generally accepted accounting principles.

  • Bayer PO LP must first offer the Eligible Percentage to Lyondell.

  • Percentage means the percentage obtained from the column entitled "Vesting Eligible Percentage" in the Retail Dealer Services Group Goals Achievement Scale applicable to the Retail Dealer Services Group Gross Margin achieved for the Retail Dealer Services Group Performance Measurement Period.

  • Bayer PO LP must first ------------------------ offer the Eligible Percentage to Lyondell.


More Definitions of Eligible Percentage

Eligible Percentage means, in respect of Eligible Unbilled Receivables, (i) for the period from and including the Closing Date to but excluding the first anniversary of the Closing Date, 75%, (ii) for the period from and including the first anniversary of the Closing Date to but excluding the second anniversary of the Closing Date, 65% and (iii) from and including the second anniversary of the Closing Date and thereafter, 50%. "Eligible Unbilled Receivables" shall mean all unbilled Receivables of the Company or one of its Subsidiaries which (a) are eligible to be billed to an Account Debtor within 30 days of the certification date of the applicable Borrowing Base Certificate, in each case, with no additional performance required by such Account Debtor, and no condition to payment by such Account Debtor (other than receipt of an appropriate invoice); (b) may, in accordance with GAAP, be included as current assets of the Company or one of its Subsidiaries, even though such amounts have not been billed; (c) satisfy all requirements of either Eligible Government Receivables or Eligible Commercial Receivables (except that, in either such case, such Receivables have not yet been billed); and (d) are not (i) cost or profit retentions; (ii) variances from approved government reimbursement rates; (iii) progress payments, (iv) milestone contract payments, except to the extent the particular milestone has been achieved; (v) final invoices; or (vi) otherwise reasonably deemed ineligible by the Agent or the Required Lenders in the exercise of reasonable commercial credit judgment; provided, that Agent or the Required Lenders (as applicable) shall give the Company not less than five Business Days' prior written notice of its or their decision to exclude any unbilled Receivables from the category of Eligible Unbilled Receivables in reliance on the preceding clause (vi).
Sample 1
Eligible Percentage means, in relation to the Investors in connection with a particular issue of New Securities, the percentage obtained by dividing (i) the total number of Investor Shares held or deemed held of record by all such Investors on the relevant Offer Date, by (ii) the sum of (A) such total number of Investor Shares, PLUS (B) the total number of shares of Common Stock (exclusive of Investor Shares) issued and outstanding on such Offer Date or issuable upon conversion of or upon exercise of rights under any other securities of the Company outstanding on such Offer Date.
Sample 1
Eligible Percentage means, for any category of Eligible Collateral, the percentage set forth opposite such category of Eligible Collateral in the column "Eligible Percentage" specified on Schedule 1.
Sample 1
Eligible Percentage means, with respect to an Eligible Limited Partner (a) in connection with a Class A Additional Issuance Notice, such Eligible Limited Partner’s Class A Eligible Percentage, (b) in connection with a Class C Additional Issuance Notice, such Eligible Limited Partner’s Class C Eligible Percentage, and (c) in connection with a Class D Additional Issuance Notice, such Eligible Limited Partner’s Class D Eligible Percentage.
Sample 1

Related to Eligible Percentage

  • Participation Percentage means the rounded percentage of the total actual Project costs that will be contributed by the OPWC, not to exceed the maximum dollar contribution of the OPWC identified in this Project Agreement, and the rounded percentage of the total actual Project costs that will be contributed by the Recipient. Both percentages are identified in Appendix B. If the total actual Project costs exceed the estimated Project costs identified in Appendix B, the Local Subdivision Participation Percentage will increase to reflect the cost overrun, while the OPWC percentage contribution will decrease recognizing that there is a maximum dollar contribution from the OPWC which is identified in this Project Agreement.

  • Participation Percentages means the percentage of the total actual project costs that will be contributed by the OPWC, not to exceed the maximum dollar contribution of the OPWC identified in this Project Agreement, and the percentage of the total actual project costs that will be contributed by the Recipient. Both of the percentages are identified in Appendix D. In the event that the total actual project costs exceed the estimated project costs identified in Appendix D, the Local Subdivision Participation Percentage will increase to reflect the cost overrun, while the OPWC percentage contribution will decrease recognizing that there is a maximum dollar contribution from the OPWC which is identified in this Project Agreement.

  • Applicable Percentage means, with respect to any Lender, the percentage of the total Commitments represented by such Lender’s Commitment. If the Commitments have terminated or expired, the Applicable Percentages shall be determined based upon the Commitments most recently in effect, giving effect to any assignments.

  • Performance Percentage means the factor determined pursuant to a Performance Schedule that is to be applied to a Target Award and that reflects actual performance compared to the Performance Target.

  • Tranche Percentage means in respect of each Tranche, the Tranche Quantity expressed as a percentage of the sum of all the Tranche Quantities at the Supply Point.

  • Purchase Percentage means, with respect to any Purchased Asset, the applicable Maximum Purchase Percentage specified in Schedule 1 (or as otherwise specified in the applicable Confirmation), as adjusted in accordance with Schedule 1 (or as otherwise specified in the applicable Confirmation).

  • Note Percentage means (i) for each Payment Date until the aggregate principal amount of each Class of Notes has been paid in full, 100%; and (ii) thereafter, 0%.

  • Strike Percentage means 100%

  • PO Percentage As to any Discount Mortgage Loan, a fraction (expressed as a percentage) the numerator of which is the excess of the Required Coupon over the Adjusted Net Mortgage Rate of such Discount Mortgage Loan and the denominator of which is such Required Coupon. As to any Non-Discount Mortgage Loan, 0%.

  • Designated Percentage shall have the meaning set forth in Section 1(a) hereof.

  • Facility Fee Percentage means, as of any date, the percentage set forth in the column headed “Facility Fee Percentage” in Section 2.3 that is in effect on such date.

  • Allocable Percentage means, on any date of determination thereof, a fraction the denominator of which shall be equal to the number of Borrowers who are parties to this Agreement on such date and the numerator of which shall be 1; provided, however, that such percentages shall be modified in the event that contribution from a Borrower is not possible by reason of insolvency, bankruptcy or otherwise by reducing such Borrower’s Allocable Percentage equitably and by adjusting the Allocable Percentage of the other Borrowers proportionately so that the Allocable Percentages of all Borrowers at all times equals 100%.

  • Revolving Percentage as to any Revolving Lender at any time, the percentage which such Lender’s Revolving Commitment then constitutes of the Total Revolving Commitments (or, at any time after the Revolving Commitments shall have expired or terminated, the percentage which the aggregate principal amount of such Lender’s Revolving Loans then outstanding constitutes of the aggregate principal amount of the Revolving Loans then outstanding).

  • L/C Percentage as to any L/C Lender at any time, the percentage of the Total L/C Commitments represented by such L/C Lender’s L/C Commitment, as such percentage may be adjusted as provided in Section 2.23.

  • Shift Percentage As to any Distribution Date occurring during the five years beginning on the first Distribution Date, 0%. For any Distribution Date occurring on or after the fifth anniversary of the first Distribution Date as follows: for any Distribution Date in the first year thereafter, 30%; for any Distribution Date in the second year thereafter, 40%; for any Distribution Date in the third year thereafter, 60%; for any Distribution Date in the fourth year thereafter, 80%; and for any Distribution Date thereafter, 100%.

  • Payout Percentage means the percentage (between 0% and 200%) determined by the Committee in accordance with the procedures set forth in Paragraph 2, which shall be used to determine the value of each Performance Unit.

  • Non-PO Percentage As to any Discount Mortgage Loan, a fraction (expressed as a percentage) the numerator of which is the Adjusted Net Mortgage Rate of such Discount Mortgage Loan and the denominator of which is the Required Coupon. As to any Non-Discount Mortgage Loan, 100%.

  • Funding Percentage means with respect to any Payment Date, the percentage derived from the fraction the numerator of which is the Pre-Funded Amount and the denominator of which is the sum of the aggregate Principal Balance of Receivables transferred to the Trust and the Pre-Funded Amount, in each case, as of the last day of the related Collection Period.

  • Pool Percentage With respect to each Mortgage Pool and any Distribution Date, the fraction, expressed as a percentage, the numerator of which is the Pool Balance for such Mortgage Pool for such date and the denominator of which is the Aggregate Pool Balance for such date.

  • NOLV Percentage the net orderly liquidation value of Inventory, expressed as a percentage, expected to be realized at an orderly, negotiated sale held within a reasonable period of time, net of all liquidation expenses, as determined from the most recent appraisal of Borrowers’ Inventory performed by an appraiser and on terms satisfactory to Agent.

  • Vesting Percentage means the percentage by which the Target Total Award is multiplied as set forth in the chart in Section II below.

  • Commitment Fee Percentage means, with respect to the Revolving Loan Commitments at any time, the per annum percentage which is used to calculate Commitment Fees for such Revolving Loan Commitments determined pursuant to the Pricing Grid.

  • Applicable Facility Fee Percentage means, as at any date of determination, the rate per annum then applicable in the determination of the amount payable under Section 2.14(C)(i) hereof determined in accordance with the provisions of Section 2.14(D)(ii) hereof.

  • Applicable Revolving Percentage means with respect to any Revolving Lender at any time, such Revolving Lender’s Applicable Percentage in respect of the Revolving Facility at such time.

  • Utilization Percentage means, as of any day, the fraction expressed as a percentage, the numerator of which is the Facility Usage on such day, and the denominator of which is the Borrowing Base in effect on such day.

  • Applicable L/C Fee Percentage means, as at any date of determination, a rate per annum equal to the Applicable Eurodollar Margin for Revolving Loans in effect on such date.