Participation Fraction means, in respect of each Savings Mortgage Receivable which is subject to a Participation, an amount equal to the net amount received or recovered multiplied by the Participation divided by the Outstanding Principal Amount of such Savings Mortgage Receivable;
Examples of Participation Fraction in a sentence
In the event that the Merger is consummated as contemplated in this Agreement, an amount of the Deposit equal to the product of the Deposit times the Participation Fraction shall be retained by the Escrow Agent as part of the Escrow Amount as set forth in Section 3.02(b)(i) and credited at Closing towards the Purchase Price.
More Definitions of Participation Fraction
Participation Fraction. ] means in respect of each [Savings Mortgage Receivable / Switch / Hybrid Mortgage Receivable / Life Mortgage Receivable with a Savings Element / Bank Savings Mortgage Receivable], an amount equal to the relevant Participation on the first day of the relevant Mortgage Calculation Period divided by the Outstanding Principal Amount of such [Savings Mortgage Receivable / [Switch / Hybrid Mortgage Receivable / Life Mortgage Receivable with a Savings Element / Bank Savings Mortgage Receivable], on the first day of the relevant Mortgage Calculation Period;
Participation Fraction. ' means, in respect of a Savings Mortgage Receivable, a Life Mortgage Receivable with a Savings Element and a Further Advance Receivable, an amount equal to the relevant Participation divided by the Outstanding Principal Amount of such Savings Mortgage Receivable, Life Mortgage Receivable with a Savings Element or Further Advance Receivable respectively.
Participation Fraction means, in respect of each Savings Mortgage Receivable or Life Mortgage Receivable with a Savings Element which is subject to an Insurance Savings Participation, an amount equal to the net amount received or recovered multiplied by the Insurance Savings Participation divided by the Outstanding Principal Amount of such Savings Mortgage Receivable or Life Mortgage Receivable with a Savings Element, respectively.
Participation Fraction. ’ means, in respect of a Savings NHG Mortgage Receivable, a Life NHG Mortgage Receivable with a Savings Element and a Further Advance Receivable, an amount equal to the relevant Participation divided by the Outstanding Principal Amount of such Savings NHG Mortgage Receivable, Life NHG Mortgage Receivable with a Savings Element or Further Advance Receivable respectively.
Participation Fraction means, for any Bank, at any time of determination thereof, a fraction having (a) as its numerator the Commitment of such Bank as in effect at such time (or, if the Commitment has terminated, the Commitment as in effect prior to such termination) and (b) as its denominator the aggregate sum of all the Commitments of all the Banks as in effect at such time (or, after the Commitments have terminated, the aggregate Commitments as in effect immediately prior to such termination).
Participation Fraction means a fraction (i) the numerator of which is equal to the difference determined by subtracting the number of Dissenting Shares from the total number of issued and outstanding shares of Company Stock held by all stockholders of the Company immediately prior to the Effective Time and (ii) the denominator of which is equal to the total number of issued and outstanding shares of Company Stock held by all stockholders of the Company immediately prior to the Effective Time.
Participation Fraction means, with respect to each Participant: