Offered Percentage definition

Offered Percentage means, as to any Series B Holder at any time of determination, the percentage obtained by dividing (a) the number of shares of Series B Preferred Stock Beneficially Owned by such Series B Holder at such time (including any Series B Preferred Stock of such Series B Holder that has been converted into Common Stock if such Common Stock is still Beneficially Owned by such Series B Holder or a Permitted Transferee) by (b) the aggregate number of shares of Series B Preferred Stock held by all Series B Holders at such time (including any Series B Preferred Stock of any Series B Holder that has been converted into Common Stock if such Common Stock is still Beneficially Owned by such Series B Holder or a Permitted Transferee); provided that, (A) for purposes of calculating Offered Percentages for Section 7.2, if the Offered Stock being sold by the Transferring Holder consists of Series B Preferred Stock, then the shares of Series B Preferred Stock owned by the Transferring Holder shall be excluded from the number of shares of Series B Preferred Stock referred to in clause (b); and (B) for purposes of calculating Offered Percentages for Section 7.3, if the Offered Stock being sold by the Transferring Holder consists of Series A Preferred Stock, then the number of shares of Series A Preferred Stock owned by the Transferring Holder shall be added to the number of shares of Series B Preferred Stock referred to in clause (b).
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Offered Percentage has the meaning given in Section 10.4.
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Offered Percentage means, as to any Holder or deLaski Shareholder at any time of determination, the percentage obtained by dividing (a) the number of shares of Common Stock held by such Holder or deLaski Shareholder, as the case may be, by (b) the aggregate number of shares of Common Stock held by all Holders and deLaski Shareholders (in the case of both (a) and (b), assuming conversion, exercise or exchange of all outstanding Convertible Securities held by any Holder or deLaski Shareholder).
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Examples of Offered Percentage in a sentence

  • If the Offered Stock consists of Series A Preferred Stock, then each Series B Holder shall have the right to sell up to that number of shares of its Series B Preferred Stock equal to the number of shares set forth in the notice multiplied by such Series B Holder’s Offered Percentage, and the number of shares of Offered Stock being sold by the Transferring Holder shall be reduced accordingly.

  • The Managing Member shall notify the Non-Managing Member within fifteen (15) Business Days of receipt of the First Offer Notice that the Managing Member either: a) is willing to purchase the Offered Percentage Interest at a given price (the "FIRST OFFER PRICE"), or b) is unwilling to purchase the Offered Percentage Interest.

  • Any Series B Holder that fails to timely deliver a Transfer Election Notice shall be deemed to have declined to purchase all of its Offered Percentage of the Offered Stock.

  • Each Transfer Election Notice shall set forth the maximum number of shares of Offered Stock which such Series B Holder desires to purchase, which number may be greater or less than such Series B Holder’s Offered Percentage, and such Transfer Election Notice shall constitute a binding commitment by such Series B Holder to purchase up to the number of shares of Offered Stock set forth in its Transfer Election Notice, which commitment may not be revoked without the written consent of the Transferring Holder.

  • If the Offered Stock consists of Series B Preferred Stock, then each Series B Holder (including the Transferring Holder) shall have the right to sell up to that number of shares of its Series B Preferred Stock equal to the number of shares set forth in the notice multiplied by such Series B Holder’s Offered Percentage.

  • For a period of sixty (60) days beginning with the receipt of the ROFN Trigger Notice by the ROFN Offeree Owner (the “ROFN Option Period”), the ROFN Offeree Owner will have the right to negotiate with the Offering Owner for the purchase of all but not less than all of the Offered Percentage.

  • Each Member shall have the right to accept the Offer as to all or part of the Remaining Offered Percentage Interests offered thereby.

  • The Managing Member shall notify the Non-Managing Member within fifteen (15) Business Days of receipt of the First Offer Notice that the Managing Member either: a) is willing to purchase the Offered Percentage Interest at a given price (the "First Offer Price"), or b) is unwilling to purchase the Offered Percentage Interest.

  • Items Added or Acquired When Emissions Testing Was Offered, Percentage of Total – El Paso Table IV-2 summarizes the El Paso survey responses about their emissions-related costs.

  • Each Member shall have the right to purchase that number of the Remaining Offered Percentage Interests as shall be equal to the aggregate Remaining Offered Percentage Interests multiplied by the Percentage Interest of such Member.


More Definitions of Offered Percentage

Offered Percentage means, as to any Member that is a Preemptive Rights Offeree, at any time of determination, the percentage obtained by dividing (i) the Fair Market Value of the Units then held by such Preemptive Rights Offeree, by (ii) the Fair Market Value of the aggregate number of Units then held by all Preemptive Rights Offerees.
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Offered Percentage means, as to any Member that is a Preemptive Rights Offeree, at any time of determination, the percentage obtained by dividing (i) the number of Common Units then held by such Preemptive Rights Offeree, by (ii) the aggregate number of Common Units then held by all Preemptive Rights Offerees.
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Offered Percentage means 98.9985223%.
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Related to Offered Percentage

  • 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%.

  • Funded Percentage means, with respect to any Lender at any time, a percentage equal to a fraction the numerator of which is the amount actually disbursed and outstanding to Borrower by such Lender at such time and the denominator of which is the total amount disbursed and outstanding to Borrower by all of the Lenders at such time.

  • Specified Percentage — means the confidential percentage rate provided to the Officer together with this Plan.

  • 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%.

  • Investor Percentage means for any Monthly Period, (a) with respect to Finance Charge Receivables and Default Amounts at any time and Principal Receivables during the Revolving Period, the Floating Investor Percentage and (b) with respect to Principal Receivables during the Controlled Accumulation Period or the Rapid Amortization Period, the Fixed Investor Percentage.

  • Required Percentage means, with respect to an Excess Cash Flow Period, 50%; provided, that (a) if the Net Total Leverage Ratio as at the end of the Excess Cash Flow Period is less than or equal to 3.50 to 1.00 but greater than 3.00 to 1.00, such percentage shall be 25% and (b) if the Net Total Leverage Ratio as at the end of the Excess Cash Flow Period is less than or equal to 3.00 to 1.00, such percentage shall be 0%.

  • Invested Percentage means, on any date of determination with ------------------- respect to any Distribution Date: (a) when used with respect to Principal Receivables during the Accumulation Period or the Rapid Amortization Period, the Fixed Allocation Percentage; and (b) when used with respect to Principal Receivables during the Revolving Period and Finance Charge Receivables and Defaulted Receivables at any time, the Floating Allocation Percentage.

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

  • 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.

  • 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.

  • 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.

  • controlling percentage means the ownership of, and the right to vote, stocks possessing at least 50% of the total combined voting power of all classes of Tenant's stock issues, outstanding and permitted to vote for the election of directors;

  • Investment Percentage means a percentage established for each Partner on the Partnership’s books as of the first day of each Fiscal Period. The Investment Percentage of a Partner for a Fiscal Period will be determined by dividing the balance of the Partner’s Capital Account as of the commencement of the Fiscal Period by the sum of the Capital Accounts of all of the Partners as of the commencement of the Fiscal Period. The sum of the Investment Percentages of all Partners for each Fiscal Period will equal 100%.

  • 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.

  • 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%.

  • Vested Percentage means the sum of the following percentages: (i) 2% multiplied by your Years of Service, plus (ii) 8% multiplied by the number of Years you have been designated a participant in the Plan; provided, however, (w) prior to completing five Years of Service the Vested Percentage is 0,(x) on or prior to your fiftieth birthday your Vested Percentage may not exceed 50%, (y) on or prior to each of your birthdays following your fiftieth birthday your Vested Percentage may not exceed the sum of 50% plus the product obtained by multiplying 5% by the number of birthdays that have occurred following your fiftieth birthday, and (z) your Vested Percentage in no event may exceed 100%.

  • Total Percentage means, with respect to any Lender at any time, the ratio (expressed as a percentage) of such Lender’s Aggregate Exposure at such time to the Aggregate Exposure of all Lenders at such time.

  • Class B-6 Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Percentage by (ii) a fraction, the numerator of which is the Class B-6 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-6 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-6 Percentage for such Distribution Date will be zero.

  • Class B-2 Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Percentage by (ii) a fraction, the numerator of which is the Class B-2 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-2 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-2 Percentage for such Distribution Date will be zero.

  • 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.

  • Cash Percentage shall have the meaning specified in Section 14.02(a)(iii).

  • 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.

  • 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).

  • Class B Percentage Any one of the Class B-1 Percentage, Class B-2 Percentage, Class B-3 Percentage, Class B-4 Percentage, Class B-5 Percentage or Class B-6 Percentage.

  • Lockout Percentage For any Distribution Date occurring prior to the Distribution Date in October 2011, 0%. For any Distribution Date occurring thereafter, as follows: 30% for any Distribution Date on or after October 2011 and prior to October 2012; 40% for any Distribution Date on or after October 2012 and prior to October 2013; 60% for any Distribution Date on or after October 2013 and prior to October 2014; 80% for any Distribution Date on or after October 2014 and prior to October 2015; and 100% for any Distribution Date thereafter. Maturity Date: September 25, 2036, the Distribution Date immediately following the latest scheduled maturity date of any Mortgage Loan.

  • 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.