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Payment Percentage definition

Payment Percentage has the meaning assigned to such term in Section 2.21(b).
Payment Percentage has the meaning set forth in Section 2.11(a).
Payment Percentage means the portion, expressed as a percentage, of the Liquidated Value of all Payment Percentage Claims that the Plan Trust is expected to have sufficient assets to pay. The "Payment Percentage" is to be determined and periodically reviewed and modified by the Plan Trustees, with the consent of the Futures Representative and the TAC, pursuant to the TDP. The term "Payment Percentage" shall include the Initial Payment Percentage.

Examples of Payment Percentage in a sentence

  • The Committee sanctions significant transactions (such as commutations), is involved in the setting of the Scheme Payment Percentage, and approves the Scheme Administrators’ fees.

  • It is possible that the ultimate Payment Percentage could vary significantly either above or below that predicted.

  • Beginning on the next Rider Anniversary, the Lifetime Payment Percentage can change on each Valuation Date as described above until a Withdrawal is taken in that contract year.

  • Except as noted below, if the Covered Person’s new Attained Age is in a higher Age Band, then the higher Age Band will be used to determine the appropriate Lifetime Payment Percentage.

  • However, if the proposed Payment Percentage was the lower amount but was not subsequently adopted, the claimant shall thereafter receive the difference between the lower proposed amount and the higher current amount.


More Definitions of Payment Percentage

Payment Percentage means the percentage set forth on Schedule F to this Agreement, as updated from time to time in accordance with Section 3.04.
Payment Percentage means, in respect of a Receivable due from any Eligible Buyer, the percentage set out against that Eligible Buyer’s name in the Eligible Buyers Listing.
Payment Percentage shall have the meaning ascribed thereto in Section 2 hereof.
Payment Percentage. ’ means the percentage of an Established Scheme Liability that the Scheme Administrators determine from time to time should be paid to Scheme Creditors in accordance with the provisions of the Scheme;
Payment Percentage means the share or proportion of qualified income a consumer must pay pursuant to the terms of an income share agreement. The payment percentage may also be expressed as a fixed number or a variable or tiered rate.
Payment Percentage of a PGA means the fraction (expressed as a percentage), the numerator of which is the aggregate liability of such PGA under its Covered Contracts (determined after reasonable application of all exclusions and limitations of the state laws applicable to such PGA), and the denominator of which is the aggregate liability of all PGAs under all Covered Contracts (determined after reasonable application of all exclusions and limitations of the state laws applicable to the respective PGAs).
Payment Percentage means (a) the Initial Payment Percentage with respect to (i) Qualifying Settled Asbestos PI Trust Claims, (ii) Qualifying Settled Silica PI Trust Claims, (iii) Asbestos Final Judgment Claims, and (iv) Silica Final Judgment Claims, (b) the payment percentage established by the Trustees of the Asbestos PI Trust, with consent of the Legal Representative and the Asbestos TAC, for Asbestos Unsecured PI Trust Claims liquidated under the Asbestos TDP (other than claims paid as Disease Level I claims under the Asbestos TDP); provided, however, that such Payment Percentage shall not exceed the Initial Payment Percentage prior to the first (1st) anniversary of the Effective Date, (c) the payment percentage established by the Trustee of the Silica PI Trust, with consent of the Legal Representative and the Silica TAC, for Silica Unsecured PI Trust Claims liquidated under the Silica TDP; provided, however, that such Payment Percentage shall not exceed the Initial Payment Percentage prior to the first (1st)