First Percentage definition

First Percentage means the percentage resulting from: (a) taking the remainder ("First Remainder") obtained by subtracting the Average MSBC Determination Price from $29.75 (the average of the bid and asked prices of MSBC Common Stock as reported on the NASDAQ/NMS on October 15, 1997; and (b) dividing the First Remainder by the Average MSBC Determination Price.

First Percentage means the percentage of the aggregate Commitments (as such term is defined in the First Credit Agreement on the date hereof) (excluding any such Commitments which have been suspended under Section 6.1 of the First Credit Agreement (or any such amended provision of the First Credit Agreement having the same effect)) which have been utilized and are outstanding as Advances (as such term is defined in the First Credit Agreement on the date hereof);

First Percentage means the percentage of the aggregate Commitments (excluding any such Commitments which have been suspended under Section 6.1 of this Agreement) which have been utilized and are outstanding as Advances;

Examples of First Percentage in a sentence

• Xxxxxx Xxxxxxxxx [name] Name Chairman of the Board, President, and Chief Executive Officer Title Signature Signature Date: Schedule A to Management Performance Share Agreement Table 1 Change in Annual Net Operating Income Available to Common Shareholders Company Performance (Percentile Relative to Other First Percentage For Purposes of Companies in S&P Ins.

• TSR performance shall be measured as follows: Performance Level ------------------------------ TSR Performance TSR Objective (e.g., TSR Rank Relative to Peer Group) Third Second First Percentage of Target Award Made for TSR Performance 50% 100% 150% No award shall be made to Participants for the relative TSR portion of the Plan if actual TSR is zero or negative, regardless of TSR performance vis-a-vis the Peer Group for the Performance Period.

• Index) First Percentage For Purposes of Determining Performance Factor* 25 25 26 26 27 27 28 28 29 29 30 30 32 32 33 33 34 34 35 35 36 36 37 37 38 38 39 39 40 40 41 41 42 42 43 43 44 44 45 45 46 46 47 47 48 48 49 49 50 50 51 52 52 54 53 56 54 58 55 60 56 62 57 64 58 66 59 68 60 70 61 72 62 74 63 76 64 78 65 80 66 82 67 84 68 86 69 88 70 90 71 92 72 94 73 96 74 98 75-99 100 Table 2 Proportionate Total Shareholder Return Company Performance (Percentile Relative to Other Companies in S&P Ins.

• Index) First Percentage For Purposes of Determining Performance Factor* Proportionate Total Shareholder Return Company Performance (Percentile Relative to Other Companies in S&P Ins.

• By Ballston during the ten (10) day period commencing on the Determination Date (as hereinafter defined) if both of the following conditions are satisfied: (1) if the Average MSBC Share Price is less than $24.47; and (2) if the First Percentage exceeds the Second Percentage by at least ten (10) percentage points; subject, however, to the immediately following four sentences.

• Rxxxxx Xxxxxxxxx [name] Name Chairman of the Board, President and CEO Title Signature Signature Date: Schedule A to Management Performance Share Agreement Table 1 Change in Annual Net Operating Income Available to Common Shareholders Company Performance (Percentile Relative to Other First Percentage For Companies in S&P Ins.

• Index) First Percentage For Purposes of Determining Performance Factor* 0-24 0 25 25 26 26 27 27 28 28 29 29 30 30 31 31 32 32 33 33 34 34 35 35 36 36 37 37 38 38 39 39 40 40 41 41 42 42 43 43 44 44 45 45 46 46 47 47 48 48 49 49 50 50 51 52 52 54 53 56 54 58 55 60 56 62 57 64 58 66 59 68 60 70 61 72 62 74 63 76 64 78 65 80 66 82 67 84 68 86 69 88 70 90 71 92 72 94 73 96 74 98 75-99 100 Table 2 Proportionate Total Shareholder Return Company Performance (Percentile Relative to Other Companies in S&P Ins.

More Definitions of First Percentage

First Percentage means the percentage resulting from: (a) taking the remainder ("First Remainder") obtained by subtracting the Average MSBC Share Price from $27.19; and (b) dividing the First Remainder by the Average MSBC Share Price. "Second Percentage" means the percentage resulting from: (a) taking the remainder ("Second Remainder") obtained by subtracting the SNL Southeast Bank Index reported most recently prior to the last trading day in the measuring period for calculating the Average MSBC Share Price ("Recent SNL Bank Index") from the SNL Southeast Bank Index reported most recently prior to or on February 13, 1998; and (b) dividing the Second Remainder by the Recent SNL Bank Index.

First Percentage means the percentage determined by dividing (A) the amount determined by subtracting $18,000 from the Cost by (B) the Cost. "Second Percentage" means the percentage determined by dividing (X) $82,000 by (Y) the Cost. Purchaser's "Cost" means the decrease in the net operating income for any of the Properties caused by or resulting from or arising out of the untruth, inaccuracy, or incorrectness of any of Sellers' representations and warranties in this Agreement to the extent such decrease in net operating income is not properly reimbursable by tenants. Purchaser's "Loss" (i.e., the reduction in the net operating income from what such income would have been had such representation or warranty not been untrue, inaccurate, or incorrect), shall be calculated as follows: If such Cost would adversely affect the calculation of net operating income only for the time period ending on the first anniversary of the Closing Date, then Purchaser's Loss shall be the amount that net operating income would be decreased as a result of such Cost; if such Cost would adversely affect the calculation of net operating income only for one 12- month period ending after the first anniversary of the Closing Date, then Purchaser's Loss shall be calculated by discounting such Cost at a 12% discount rate and the Purchase Price will be reduced by the amount that net operating income would be reduced as a result of such discounted Cost; if such Cost would adversely affect the calculation of net operating income for the time period ending after the first anniversary of the Closing Date and for more than one 12-month period after such first anniversary, then Purchaser's Loss shall be calculated by capitalizing such Cost (at the rate of 10%) and Purchaser's Loss shall be remedied in one of

First Percentage means the percentage for a particular Revenue Category as shown on Exhibit F-1.