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Project Percentage definition

Project Percentage means the maximum percentage of Eligible Project Costs reimbursable by NOHFC under this Agreement, as set out in Section 2 of Schedule B and as may be adjusted from time to time by NOHFC pursuant to Section 4.1(d).
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Project Percentage means the percentage that results from the following fraction: (a) the numerator will be the total amount that a party has contributed to the RSR Project subsequent to this agreement, and (b) the denominator will be the total amount of all financial contributions made by the Town, Housing Authority, and Housing Trust to the project. For the purpose of calculating the numerator and the denominator, the $1,650,000 paid by the Town for purposes of purchasing Lots 3 and 4 and obtaining three rights of first purchase or rental, is excluded. If additional monies are contributed to the project at any time by the Town, the Housing Authority or the JHCHT (for example if additional monies are contributed for the purpose of paying down any loan on the property), the numerator and denominator in the above calculation will be adjusted accordingly, thereby adjusting each party’s Project Percentage.
Sample 1
Project Percentage means the percentage that results from the following fraction: (a) the numerator will be the total amount that a party has contributed to the RSR Project subsequent to this
Sample 1

Examples of Project Percentage in a sentence

  • Rating Assigned to Project (Percentage Need Over AJP) For a proposed project involving fewer than all of the court facilities within a county, there will be a rebuttable presumption that the countywide percentage deficiency and the corresponding points will be assigned to that project.

  • The term “Tenant’s Project Percentage Share” shall mean the percentage specified in the Basic Lease Information.

  • On or before the first day of each calendar month during such year, Subtenant shall pay to Sublandlord as Additional Rent (i) one-twelfth (1/12th) of Subtenant’s Building Percentage Share of the estimated Sublandlord Operating Costs and (ii) one twelfth (1/12) of Subtenant’s Project Percentage Share of the estimated Sublandlord Operating Costs (as such estimate may be modified from time to time by Sublandlord).

  • Tenant’s Project Percentage and Tenant’s Building Percentage may collectively be referred to herein as “Tenant’s Percentage”.

  • The Town’s “pro rata portion of net rents” will be calculated by multiplying the “net rents” (as defined below) by the Town’s Project Percentage (as described below).

  • Tenant shall be entitled to Tenant’s Project Percentage of the parking available in the Parking Facility for the Project, pursuant to Article 33 of this Lease .

  • Tenant shall reimburse Landlord for Tenant's Project Percentage of the costs of such policies and any deductible amounts paid by Landlord under such policies, annually or upon such other periodic basis as Landlord shall elect, within ten (10) days of the date of receipt of a statement for the same, as Additional Rent.

  • If the insurance premiums are increased after the Commencement Date due to an increase in premium rates, due to an increase in the valuation of the Premises or their replacement cost, due to additional or modified coverages, Tenant shall pay Tenant's Project Percentage of such increase within ten (10) days of notice of such increase.

  • Tenant shall pay, as Additional Rent, Tenant’s Building Percentage of all reasonable costs and expenses paid or incurred by Landlord during the Term in operating, maintaining, repairing and replacing the Common Area (the “Common Area Expenses”), and Tenant’s Project Percentage of all reasonable costs and expenses paid or incurred by Landlord in operating, maintaining, repairing and replacing the Outside Area (the “Outside Area Expenses”).

  • In any such case, NOHFC may reduce the Maximum Funds by, or demand the repayment of, an amount equal to any such additional funds, or vary the Project Percentage accordingly.


More Definitions of Project Percentage

Project Percentage means the percentage that results from the following fraction: (a) the numerator will be the total amount that a party has contributed to the Xxxxxxx Street Rental Project subsequent to this Lease, and (b) the denominator will be the total amount of all financial contributions made by the Town, the Housing Authority and the JHCHT to the Xxxxxxx Street Rental Project. For the purpose of calculating the numerator and the denominator, the $1,650,000 paid by the Town for purposes of purchasing Lots 3 and 4 and obtaining three rights of first purchase or rental, will be excluded. If additional monies are contributed to the Xxxxxxx Street Rental Project at any time by the Town, the Housing Authority or the JHCHT (for example if additional monies are contributed for the purpose of paying down any loan on the Scarlett Property), the numerator and denominator in the above calculation will be adjusted accordingly, thereby adjusting each party’s Project Percentage. For illustration purposes only, and not taking into account any potential adjustment under the following paragraphdue to additional contributions, if the total amount contributed by the Housing Authority totals $1,950,000, the total amount contributed by the Town totals $2,100,000, and the total amount contributed by the JHCHT totals $3,000,000, then the Project Percentage of the Housing Authority will be 28%, the Project Percentage of the Town will be 30% and the Project Percentage of the Housing Trust will be 42%. • The calculation of each party’s Project Percentage and resulting “pro rata portion of net rents” will occur when the Leasehold Mortgage for the Xxxxxxx Street Rental Project is retired. • “Net rents” will be determined on an annual basis by deducting all expenses (including taxes, insurance, maintenance, reserves, administrative expenses and management fees) of the Xxxxxxx Street Rental Project from the gross rents generated from the Xxxxxxx Street Rental Project. Capital expenses deemed necessary inby the sole discretionmutual agreement of the property managerHousing Authority, the Town of Xxxxxxx and the Housing Trust that are not paid for out of the reserve fund for the Xxxxxxx Street Rental Project will also be deducted from gross rents.
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Project Percentage means the percentage assigned to a Participant for a Project during a Profit Sharing Period under Section 4.1(b).
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Project Percentage means the percentage that results from the following fraction: (a) the numerator will be the total amount that a party has contributed to the Xxxxxxx Street Rental Project subsequent to this Agreement, and (b) the denominator will be the total amount of all financial contributions made by the Housing Authority, the Town of Xxxxxxx and the Housing Trust to the Xxxxxxx Street Rental Project. For the purpose of calculating the numerator and the denominator, the $1,650,000 paid by the Town of Xxxxxxx for purposes of purchasing Lots 3 and 4 and obtaining three rights of first purchase or rental, will be excluded. If additional monies are contributed to the Xxxxxxx Street Rental Project at any time by the Town of Xxxxxxx, the Housing Authority or the Housing Trust (for example, if additional monies are contributed for the purpose of paying down the loan on the project), the numerator and denominator in the above calculation will be adjusted accordingly, thereby adjusting each party’s Project Percentage. For illustration purposes only, and not taking into account any potential adjustment under the following paragraphadjustments due to additional contributions, if the total amount contributed by the Housing Authority totals $1,950,000, the total amount contributed by the Town of Xxxxxxx totals $2,100,000, and the total amount contributed by the Housing Trust totals $3,000,000, then the Project Percentage of the Housing Authority will be 28%, the Project Percentage of the Town of Xxxxxxx will be 30% and the Project Percentage of the Housing Trust will be 42%.
Sample 1

Related to Project Percentage

  • 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%.

  • Target Percentage means those percentages assigned to Participants pursuant to Section 3.2 hereof.

  • Asset Percentage has the meaning specified in Section 2.05(b)(ii).

  • Applicable Commitment Percentage means, with respect to each Lender at any time, a fraction, the numerator of which shall be such Lender's Revolving Credit Commitment and the denominator of which shall be the Total Revolving Credit Commitment, which Applicable Commitment Percentage for each Lender as of the Closing Date is as set forth in Exhibit A; provided that the Applicable Commitment Percentage of each Lender shall be increased or decreased to reflect any assignments to or by such Lender effected in accordance with Section 11.1.

  • 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%.

  • Relevant Percentage means, in respect of any Subsidiary Issuer, the percentage as specified in the relevant Pricing Supplement;

  • Commitment Percentage means, as to any Lender at any time, the ratio of (a) the amount of the Commitment of such Lender to (b) the Aggregate Commitment of all of the Lenders.

  • 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%.

  • Allocable Percentage means, on any date of determination thereof, a fraction the denominator of which shall be equal to the number of Borrowers who are parties to this Agreement on such date and the numerator of which shall be 1; provided, however, that such percentages shall be modified in the event that contribution from a Borrower is not possible by reason of insolvency, bankruptcy or otherwise by reducing such Borrower’s Allocable Percentage equitably and by adjusting the Allocable Percentage of the other Borrowers proportionately so that the Allocable Percentages of all Borrowers at all times equals 100%.

  • Discount Percentage means the percentage, if any, designated from time to time by the Transferors pursuant to Section 2.11.

  • Permitted Percentage means 25% of the voting power of the Stock.

  • Revolver Percentage means, for each Lender, the percentage of the Revolving Credit Commitments represented by such Lender’s Revolving Credit Commitment or, if the Revolving Credit Commitments have been terminated, the percentage held by such Lender (including through participation interests in Reimbursement Obligations) of the aggregate principal amount of all Revolving Loans and L/C Obligations then outstanding.

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

  • Funding Percentage means, for each Lender at the time of any Revolving Borrowing or Revolving Facility LC Issuance, (i) if there is no Aggregate Canadian Sub-Facility Exposure, such Lender’s Fixed Commitment Percentage, or (ii) if there is any Aggregate Canadian Sub-Facility Exposure, such Lender’s Adjusted Commitment Percentage.

  • Achievement Percentage means the percentage of achievement determined by the Committee after the end of the Performance Cycle in accordance with Section 4 that reflects the extent to which the Company achieved the Performance Goals during the Performance Cycle.

  • Payout Percentage means the percentage (between 0% and 200%) determined by the Committee in accordance with the procedures set forth in Paragraph 2, which shall be used to determine the value of each Performance Unit.

  • Prepayment Percentage As of the Closing Date, approximately 0%, and thereafter, with respect to any Distribution Date, the excess of 100% over the Senior Prepayment Percentage.

  • 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.

  • Proportionate Percentage has the meaning set forth in Section 4.2(a) of this Agreement.

  • Final Payment Percentage is five percent (5.00%).

  • Note Percentage means (i) for each Payment Date until the aggregate principal amount of each Class of Notes has been paid in full, 100%; and (ii) thereafter, 0%.

  • Revolving Commitment Percentage means, for each Lender, the percentage identified as its Revolving Commitment Percentage on Schedule 2.1(a), as such percentage may be modified in connection with any assignment made in accordance with the provisions of Section 9.6(c).

  • CAM Percentage means, as to each Lender, a fraction, expressed as a decimal, of which (a) the numerator shall be the aggregate Dollar Equivalent of the Designated Obligations owed to such Lender (whether or not at the time due and payable) immediately prior to the CAM Exchange Date and (b) the denominator shall be the aggregate Dollar Equivalent amount of the Designated Obligations owed to all the Lenders (whether or not at the time due and payable) immediately prior to the CAM Exchange Date.

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

  • 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).

  • Senior Percentage As of any Distribution Date, the lesser of 100% and a fraction, expressed as a percentage, the numerator of which is the aggregate Certificate Principal Balance of the Senior Certificates (other than the Class A-P Certificates) immediately prior to such Distribution Date and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans (or related REO Properties) (other than the related Discount Fraction of each Discount Mortgage Loan) immediately prior to such Distribution Date.

Most Referenced Clauses

Most Referenced Definitions