Relevant Proportion definition

Relevant Proportion means, at any time, the proportion which one Note bears to the number of all of the Notes outstanding;

Relevant Proportion means, in respect of any day, an amount, expressed as a fraction, equal to the Outstanding Nominal Amount of the Security as of such day, divided by the aggregate of the Outstanding Nominal Amounts of all Securities then outstanding;

Relevant Proportion means a number equal to (i) the number of calendar days from, but excluding, the date of determination by the Issuer or Calculation Agent, as applicable, that the Note will be early redeemed pursuant to and in accordance with the Conditions following the Non-Force Majeure Event to, and including, the Scheduled Maturity Date of the Note, divided by (ii) the number of calendar days from, but excluding, the Issue Date of the Note to, and including, the Scheduled Maturity Date of the Note,

Examples of Relevant Proportion in a sentence

• As used herein, Relevant Proportion means, a proportion of the Fiduciary Assets (including, where a Swap Agreement comprises the Fiduciary Assets, the outstanding rights and obligations under such Swap Agreement) (rounded down to the nearest denomination, unit or other relevant adjustment amount), as the Notes to be purchased pursuant to this paragraph bear to the then outstanding aggregate nominal amount of the Notes.

• On the date falling ninety (90) days after that on which a Mortgaged Vessel became a Total Loss or, if earlier, on the date upon which the relevant insurance proceeds are, or Requisition Compensation (as defined in the Mortgage for such Vessel) is, received by the relevant Borrower (or the Bank pursuant to the Security Documents), the Borrowers must prepay the Relevant Proportion of the Loan.

• In the event that a Securityholder fails to make payment of its Relevant Proportion of the Principal Shortfall Amount in accordance with the provisions of Condition LSSCLF5(c), this paragraph 7 shall apply in respect of such amounts in the same manner as set out above as soon as reasonably practicable thereafter.

• This means that at the end of each month, the aggregate number of Settlements Periods in which the DER was accepted and deemed to have been available (as measured under the logic specified for Wave 1) is compared to the total number of Settlement Periods that the DER service was accepted for, to calculate a Relevant Proportion of availability achieved.

• On the date of completion of the sale of any Mortgaged Vessel the Borrowers must prepay the Relevant Proportion of the Loan.

More Definitions of Relevant Proportion

Relevant Proportion means the proportion of the costs attributable to the licensee in accordance with principles determined by the Authority for the purposes of this condition generally and notified to the licensee.

Relevant Proportion means the proportion of the costs attributable to

Relevant Proportion means, in respect of each Shareholder, the percentage of the total equity share capital of the Company held by that Shareholder at the relevant time;

Relevant Proportion means the higher of (a) the Relevant Tranche and (b) such amount of the Loan as will be required to be prepaid so that the Valuation Amount of the Vessel remaining subject to a Mortgage after such prepayment is at least 140% of the Loan after such prepayment.

Relevant Proportion means, at any time in relation to a Noteholder, the proportion which the aggregate principal amount outstanding of the Notes held by that Noteholder bears to the aggregate principal amount outstanding of all the Notes.

Relevant Proportion means, in relation to any partial payment of any Liquidation Distribution, the total amount available for any such payment and for making any liquidation distribution on any Parity Obligation divided by the sum of:

Relevant Proportion means, at any time, the proportion which the nominal amount of one Note bears to the aggregate nominal amount of all of the Notes outstanding;