Prepayment Ratio definition

Prepayment Ratio means in respect of the sale or Total Loss of a Mortgaged Vessel the Valuation Amount of such Mortgaged Vessel immediately prior to such sale or Total Loss divided by the Security Value immediately prior to such sale or Total Loss and for these purposes any valuation of a Vessel (calculated in accordance with Clause 8.2.2) may be no more than two months old;

Prepayment Ratio means with respect to an Assessor's Parcel, for each series of Zone 1 Bonds, Zone 2 Bonds, Zone 3 Bonds or Zone 4 Bonds, the ratio of (i) the Annual Special Tax revenue or portion thereof applicable to the Assessor's Parcel at the time each such series of Zone 1 Bonds, Zone 2 Bonds, Zone 3 Bonds or Zone 4 Bonds were issued and which were used in providing the minimum debt service coverage required to issue such series of Zone 1 Bonds, Zone 2 Bonds, Zone 3 Bonds or Zone 4 Bonds, as reasonably determined by the Board, to (ii) the sum of all Annual Special Tax revenue used in providing the minimum debt service coverage required to issue such series of applicable Zone 1 Bonds, Zone 2 Bonds, Zone 3 Bonds or Zone 4 Bonds, as reasonably determined by the Board.

Prepayment Ratio means, with respect to an Assessor's Parcel, for each series of Bonds, the ratio of

Examples of Prepayment Ratio in a sentence

• For each series of Bonds, Bond proceeds of such series shall be allocated to each Assessor’s Parcel in an amount equal to the Bond proceeds times the Prepayment Ratio applicable to such Assessor's Parcel for such series of Bonds.

• The Regularly Retired Principal of the Zone 1 Bonds, Zone 2 Bonds, Zone 3 Bonds or Zone 4 Bonds times the applicable Prepayment Ratio for each such series of the Zone 1 Bonds, Zone 2 Bonds, Zone 3 Bonds, or Zone 4 Bonds.

• Prepayment Ratio means, with respect to each Prepayment of a Prepaid Reference Security, a ratio equal to a fraction the numerator of which is the relevant Prepayment Par Amount of such Prepaid Reference Security and the denominator of which is the Par Amount of such Prepaid Reference Security immediately prior to the relevant Prepayment.

• The allocable portion of principal retired not related to Prepayment Amounts or Partial Prepayment Amounts means the total principal retired not related to Prepayment Amounts or Partial Prepayment Amounts with respect to each series of Zone 1 Bonds, Zone 2 Bonds, Zone 3 Bonds or Zone 4 Bonds times the applicable Prepayment Ratio for each such series of Zone 1 Bonds, Zone 2 Bonds, Zone 3 Bonds, or Zone 4 Bonds.

• The allocable portion of regularly scheduled retirement of principal that has occurred means the total regularly scheduled retirement of principal that has occurred with respect to each series of Zone 1 Bonds, Zone 2 Bonds, Zone 3 Bonds or Zone 4 Bonds times the applicable Prepayment Ratio for each such series of Zone 1 Bonds, Zone 2 Bonds, Zone 3 Bonds, or Zone 4 Bonds.

More Definitions of Prepayment Ratio

Prepayment Ratio means in respect of the sale or Total Loss of a Mortgaged Vessel the Valuation Amount of such Mortgaged Vessel immediately prior to such sale or Total Loss divided by the aggregate of the Valuation Amounts of all Mortgaged Vessels immediately prior to such sale or Total Loss and for these purposes any valuation of a Vessel (calculated in accordance with Clause 8.2.2) may be no more than two months old;

Prepayment Ratio means a fraction, the numerator of which shall be the amount of principal being prepaid, and the denominator of which shall be the principal then outstanding.

Prepayment Ratio means, with respect to an Assessor's Parcel, for each series of Bonds, the ratio of (i) the Assigned Annual Special Tax or portion thereof applicable to the Assessor's Parcel at the time each such series of Bonds was issued and which was used in providing the minimum debt service coverage required to issue such series of Bonds, as reasonably determined by the Assistant Superintendent, to (ii) the sum of all the Assigned Annual Special Taxes used in providing the minimum debt service coverage required to issue such series of Bonds, as reasonably determined by the Assistant Superintendent.

Prepayment Ratio means, with respect to any Individual Property, the greater of: (i) the ratio, expressed as a percentage, that the fair market value for such Individual Property (as determined and confirmed by the appraisals delivered by the Tenant to the Landlord and the Agent pursuant to Sections 6(d) and 7(e)(v) of the Agency and Development Agreement) bears to the Aggregate Fair Market Value of the Leased Property, or (ii) the ratio, expressed as a percentage, that the Allocable Costs for such Individual Property bear to the total aggregate Costs of the Projects.

Prepayment Ratio shall be a fraction, the numerator of which shall be the amount of principal being prepaid, and the denominator of which shall be the principal then outstanding.

Prepayment Ratio means in respect of the sale or Total Loss of a Vessel, the Market Value of such Vessel immediately prior to such sale or Total Loss divided by the aggregate Market Value of the Vessels immediately prior to such sale or Total Loss and for these purposes any valuation of a Vessel used in the calculation of such ratio may be no more than 30 days old.

Prepayment Ratio means, with respect to any Prepaid Reference Security, a ratio equal to the fraction the numerator of which is the Repayment Notional of such Prepaid Reference Security and the denominator of which is the Par Amount of such Prepaid Reference Security.