Protected Percentage definition

Protected Percentage means the percentage specified as such in the Agreement.
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Protected Percentage means the percentage of a Protected Book Debt set out in paragraph 20.8, provided that when the percentage set out in paragraph 20.8 multiplied by the relevant Book Debt is less than the Minimum Retention, the Protected Percentage shall be the percentage of the relevant Book Debt which when multiplied by the relevant Book Debt is equal to the value of the relevant Book Debt less the Minimum Retention;
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Protected Percentage means, in respect of a Reference Obligation on any date, the percentage obtained by dividing:
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Examples of Protected Percentage in a sentence

  • Because the number of shares which either party may purchase will vary depending on whether and the extent to which the other party exercises its rights under Section 8.1 of its Stock Purchase Agreement, each party may in lieu of setting forth a specific numbers of Additional Shares, notify the Corporation that it elects to purchase the maximum amount permissible to maintain its then existing Protected Percentage Interest.

  • The Corporation shall honor each Purchaser's election, if any, to subscribe for additional shares of Class A Common Stock up to such Purchaser's Protected Percentage 107 Interest and shall take into account the other Purchaser's election of its Section 8.1 rights in making the determination of the proper number of shares available for subscription by each Purchaser.

  • The Client acknowledges and agrees that where this Agreement is terminated prior to the Expiry Date that he/she may receive less than, the Protected Percentage of the Purchase Price or the Purchase Price (as appropriate).


More Definitions of Protected Percentage

Protected Percentage means the percentage specified as such in the Fees and Special Conditions Module forming part of this Agreement or such percentage that we may otherwise notify to you from time to time.
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Protected Percentage means the percentage of a Protected Book Debt set out in paragraph 20.8, provided that when the percentage set out in
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Protected Percentage means the percentage of a Protected Book Debt set out in paragraph 20.6, provided that when the percentage set out in paragraph 20.6 multiplied by the relevant Book Debt is less than the Minimum Retention, the Protected Percentage shall be the percentage of the relevant Book Debt which when multiplied by the relevant Book Debt is equal to the value of the relevant Book Debt less the Minimum Retention;
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Protected Percentage shall have the meaning set forth in Section 9.1(a).
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