Exchange Proportion. With respect to any exchange of Exchangeable Certificates pursuant to Section 5.09, Class A-S, Class B and Class C Certificates with original Certificate Principal Balances (regardless of current Certificate Principal Balance) that represent approximately 39.13%, 40.58% and 20.29%, respectively, of the aggregate original Certificate Principal Balances of all Class A-S, B and C Certificates involved in the exchange.
Exchange Proportion. With respect to Exchangeable Certificates and Class EC Certificates, the following percentages based on the initial Certificate Balances of the Classes (rather than the outstanding Certificate Balances): Exchange Proportion Class A-S: 39.16082250824530% Class EC: 100.00000000000000% Class B: 35.66424962593420% Class C: 25.17492786582050%
Exchange Proportion means Exchangeable Certificates consisting of Class A-S, Class B and Class C Certificates with original Aggregate Certificate Balances (regardless of current Aggregate Certificate Balance) that represent approximately 45.21%, 32.19% and 22.60%, respectively, of the original Aggregate Certificate Balances of all Class A-S, Class B and Class C Certificates involved in the exchange.
Examples of Exchange Proportion in a sentence
The sum of the Exchange Proportion percentages may not add to 100.0000000000% due to rounding.
More Definitions of Exchange Proportion
Exchange Proportion. With respect to any exchange of Exchangeable Certificates pursuant to Section 5.09, Class A-S, Class B and Class C Certificates with original Certificate Principal Balances (regardless of current Certificate Principal Balance) that represent approximately 35.94%, 34.37% and 29.69%, respectively, of the aggregate original Certificate Principal Balances of all Class A-S, B and C Certificates involved in the exchange.
Exchange Proportion means EC Trust Certificates consisting of Class A-S, Class B and Class C Certificates with original Aggregate Certificate Balances (regardless of current Aggregate Certificate Balance) that represent approximately 47.33%, 32.67% and 20.00%, respectively, of the original Aggregate Certificate Balances of all Class A-S, Class B and Class C Certificates involved in the exchange.
Exchange Proportion. With respect to Exchangeable Certificates and Class [EC] Certificates, the following percentages: Exchange Proportion Class [A-1]: % Class [EC]: 100% Class [A-2]: %
Exchange Proportion. As to any Class of Combinable Certificates, the percentage set forth opposite such Class in the table in Section 2.02 (as such percentage may from time to time be adjusted pursuant to footnote (1) to such table), such percentage representing the relative proportion of the Initial Authorized Denomination of such Class which must be presented, together with the Exchange Proportion of the Initial Authorized Denomination of the other Outstanding Class of Combinable Certificates, for exchange for the RCR Class.
Exchange Proportion. With respect to any exchange of Exchangeable Certificates pursuant to Section 5.09, Class A-S, B and C Certificates with original Certificate Principal Balances (regardless of current Certificate Principal Balance) that represent approximately 42.66%, 36.36% and 20.98%, respectively, of the aggregate original Certificate Principal Balances of all Class A-S, B and C Certificates involved in the exchange.
Exchange Proportion means the amount of Offeror Stock to be issued in exchange for each Offeree Scheme Share determined as provided in Clause 4;
Exchange Proportion means: For each Offeree Scheme Share 0.16 of a share of Offeror Stock save that no fraction of a share of Offeror Stock shall be issued to Offeree Scheme Shareholders but in lieu thereof, each Offeree Scheme Shareholder on the Record Date who would otherwise be entitled to such a fraction of a share of Offeror Stock (after aggregating all fractions of shares of Offeror Stock to which such Offeree Scheme Shareholder would otherwise be entitled) shall instead receive cash (without interest) from Offeror as if any entitlement to a fraction of a share of Offeror Stock to which such Offeree Scheme Shareholder would otherwise have been entitled had been sold at the closing price of Offeror Stock on NASDAQ on the Effective Date and converted into pounds sterling at the mid-point of the closing spread of the US dollar to the pound sterling spot rate, as shown in the Financial Times (U.K. edition) on the Business Day immediately following the Effective Date.