Release Percentage definition

Release Percentage. Defined in the Fee Letter, which definition is incorporated herein by reference.

Release Percentage means a fraction (expressed as a percentage) the numerator of which shall equal the outstanding principal balance of the applicable Loan as of the date of determination, and the denominator of which shall equal the sum of the outstanding principal balance of the Loan and the Mezzanine A Loan

Release Percentage means (i) 0% prior to January 8, 2015 and (ii) 100% on and after January 8, 2015.

Examples of Release Percentage in a sentence

• The Intermediary shall calculate the Share Release Percentage as per the MOT Section II.4-7.

• If at any time the Release Percentage exceeds 18% of the Retail Value, then within 20 days thereafter, Borrower will at its sole option either (i) make to Lender a principal payment or (ii) pledge to Lender Additional Timeshare Inventory (under the conditions set forth in Section 2.11 hereof) (or any combination of the alternatives contained in clauses (i) or (ii) above) so that after such payment or pledge, the Release Percentage is equal to or less than 18% of the Retail Value.

• To the extent the then Release Percentage is not adequate to meet the 93.8% sellout requirement set forth in 6284.345.1224403.10 17 4/16/2018 clause (b) above, the Release Percentage shall either be appropriately adjusted upward in good faith or Borrower shall make a prepayment of the Loan (without a prepayment premium) to such a degree that the 93.8% sellout requirement will be met.

• The Ohio Public Works Commission (OPWC) loan #CQ28O was awarded for storm sewer replacement in 2011 in the amount of $119,610 due to the storm water system project.

• With respect to any Purchased Asset, an amount equal to the lesser of (i) the Release Percentage multiplied by the unpaid Purchase Price of the related Purchased Asset, and (ii) the Aggregate Amount Outstanding.

More Definitions of Release Percentage

Release Percentage means (i) prior to the date that is 18 months following January 8, 2010, 0%, (ii) from the date that is 18 months following January 8, 2010 until the date that is two years after January 8, 2010, (x) 50% multiplied by (y) the Time Percentage (as defined in Exhibit C), (iii) from the date that is two years following January 8, 2010 until the date that is thirty months after January 8, 2010, (x) 75% multiplied by (y) the Time Percentage, and (iv) on and after the date that is 30 months after January 8, 2010, 100%.

Release Percentage has the meaning specified in Section 1109.

Release Percentage means, initially, zero percent (0%), and after the date that is six (6) months immediately following the Closing Date, ten percent (10%). The undersigned now has, and, except as contemplated by the immediately preceding sentence, for the duration of this Lock-Up Agreement will have, good and marketable title to the Undersigned’s Shares, free and clear of all liens, encumbrances, and claims whatsoever. The undersigned also agrees and consents to the entry of stop transfer instructions with the Company’s transfer agent (the “Transfer Agent”) and registrar against the transfer of the Undersigned’s Shares except in compliance with the foregoing restrictions.

Release Percentage shall have the meaning set forth in the definition of “Release Amount”.

Release Percentage means, with respect to any Release Date, the applicable percentage set forth opposite such date below: DATE RELEASE PERCENTAGE Closing Date through 30th day thereafter 100% 31st through 60th day after Closing Date 95% 61st through 90th day after Closing Date 90% 91st day after Closing Date and thereafter 85%

Release Percentage shall have the meaning specified in the Fee Letter.

Release Percentage. With respect to any Purchased Asset, (a) at all times prior to the Funding Expiration Date, an amount equal to zero percent (0%), (b) at all times during the first Extension Period, five percent (5%) and (c) at all times during the second Extension Period, ten percent (10%).