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 $27.875 (the average of the bid and asked prices of MSBC Common Stock as reported on the NASDAQ/NMS on July 22, 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
Attached hereto is the Borrower’s calculation of the First Percentage and the Second Percentage.
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.
More Definitions of First Percentage
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.