Percentage Reduction definition

Percentage Reduction shall be eight and one-half percent (8.5%) other than for any Later Acquired Property, as to which the Percentage Reduction shall be eight and six tenths percent (8.6%).

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Percentage Reduction shall be eight and one-half percent (8.5%).

Percentage Reduction means, with respect to a Transfer by a Stockholder, a fraction, the numerator of which is the difference between the Stockholder’s Proportionate Share immediately prior to the Transfer and the Stockholder’s Proportionate Share immediately following the Transfer, and the denominator is such Stockholder’s Proportionate Share immediately prior to the Transfer.

Examples of Percentage Reduction in a sentence

• Unless otherwise specified on the face hereof, the Initial Redemption Percentage shall be 100% and the Annual Redemption Percentage Reduction shall be 0%.

• The Initial Redemption Percentage, if any, applicable to this Note shall decline at each anniversary of the Initial Redemption Date by an amount equal to the applicable Annual Redemption Percentage Reduction, if any, until the Redemption Price is equal to 100% of the unpaid amount thereof to be redeemed.

• Redemption provisions, if any, including: Initial Redemption Date, Initial Redemption Percentage and Annual Redemption Percentage Reduction.

• The Initial Redemption Percentage, if any, shall decline at each anniversary of the Initial Redemption Date by the Annual Redemption Percentage Reduction, if any, until the Redemption Price is 100% of unpaid principal amount to be redeemed.

• The Initial Redemption Percentage, if any, applicable to this Note shall decline at each anniversary of the Initial Redemption Date by an amount equal to the applicable Annual Redemption Percentage Reduction, if any, until the Redemption Price is equal to 100% of the Principal Amount thereof to be redeemed.

• The “Redemption Price” shall be an amount equal to the Initial Redemption Percentage specified on the face hereof (as adjusted by the Annual Redemption Percentage Reduction, if any, specified on the face hereof) multiplied by the unpaid principal amount of this Note to be redeemed.

• Unless otherwise specified above, the “Redemption Price” shall be the Initial Redemption Percentage specified on the face hereof (as adjusted by the Annual Redemption Percentage Reduction, if any, specified on the face hereof) multiplied by the unpaid principal amount of this Note to be redeemed.

• The Initial Redemption Percentage shall decline at each anniversary of the Initial Redemption Date by the Annual Redemption Percentage Reduction, if any, until the Redemption Price is 100% of the unpaid principal amount of this Note to be redeemed.

• The Initial Redemption Percentage shall decline at each anniversary of the Initial Redemption Date by the Annual Redemption Percentage Reduction, if any, until the Redemption Price is 100% of unpaid principal amount to be redeemed.

• If this Note is redeemable at the option of the Corporation, the "Redemption Price" shall initially be the Initial Redemption Percentage specified on the face hereof of the principal amount of this Note to be redeemed and shall decline at each anniversary of the Initial Redemption Date by the Annual Redemption Percentage Reduction, if any, specified on the face hereof of the principal amount to be redeemed until the Redemption Price is 100% of such principal amount.

More Definitions of Percentage Reduction

Percentage Reduction means the amount by which the property tax rate is reduced based on the income schedules found in:

Percentage Reduction. None. Redemption may be: [ ] In whole only. Index Maturity: Three month. [ ] In whole or in part. Interest Rate Determination Date: As specified in the Other Redemption Terms: Not applicable. Prospectus Supplement for the indicated base rate.

Percentage Reduction means, with respect to a Transfer by a Stockholder, a fraction, the numerator of which is the difference between the Stockholder's Proportionate Share immediately prior to the Transfer and the Stockholder's Proportionate Share immediately following the Transfer, and the denominator is such Stockholder's Proportionate Share immediately prior to the Transfer.

Percentage Reduction means an amount (but not less than 5%) equal to the greater of (1) the amount, expressed as a percentage, by which the 2013 Revenues are less than the Target Revenues or (2) the amount, expressed as a percentage, by which the 2013 EBITDA is less than the Target EBITDA. For illustration purposes only, see “Example 1” on Schedule 2.4. All payments by Buyer to Sellers under this Agreement shall be made in accordance with the Payment Instructions. Each Buyer is authorized and entitled to rely absolutely and without any duty of investigation on the Payment Instructions, and shall have no liability or obligation whatsoever to any Seller or any other Person for any errors or information set forth in the Payment Instructions, including any allocation of any portion of the consideration to be paid hereunder.

Percentage Reduction means one half percent (0.5%) with respect to the first thirty (30) days of any calculation under clause (i) of the sentence in which the term is used, and one percent (1%) for any other purpose. (For example, if the Registration Statement becomes effective one (1) month after the end of such 90-day period, the Applicable Percentage would equal 99.5% (100% - 0.5%). If thereafter, sales could not be made pursuant to the Registration Statement for an additional period of one (1) month, the Applicable Percentage would equal 88.5% (90% - 1.5%). (Note that in accordance with the Certificate of Designation, the Applicable Percentage reduces from 100% to 90% on the 121st day following the Issue Date (as defined in the Certificate of Designation) without regard to any reduction pursuant to this Section 2(c)).