Repurchase Percentage definition
Examples of Repurchase Percentage in a sentence
It is specifically understood and agreed that amounts on deposit in the Seller Cash Collateral Sub-Account, whether on account of 25% Repurchase Receivables, 75% Repurchase Receivables or 90% Repurchase Receivables, may be withdrawn as aforesaid on account of any Defaulted Receivable, regardless of the Repurchase Percentage associated therewith or whether the RAC Repurchase Obligation shall be outstanding.
Before 1st anniversary 100% Between 1st and 2nd anniversary 80% Between 2nd and 3rd anniversary 60% Between 3rd and 4th anniversary 40% Between 4th and 5th anniversary 20% After 5th anniversary 0% If the Employee is terminated for Cause or breaches any non-compete agreement with the Company, the Repurchase Percentage for all Options (except for Roll-over Options as to which this paragraph shall not apply) shall be 100% at all times, including after the fifth anniversary.
Each Offer to Repurchase Notice shall (A) describe the applicable Offer to Repurchase Event, including, without limitation, the calculation of the Offer to Repurchase Pro Rata Portion, the Offer to Repurchase Percentage and the Offer to Repurchase Price and (B) state the maximum Offer to Repurchase Price to be paid to such Holder on such Offer to Repurchase Date.
The Company covenants and agrees that it shall not claim a deduction for federal, state or local income tax purposes in connection with the issuance of, the reduction of the Repurchase Percentage (as set forth in Exhibit B) with respect to, or the disposition of, the shares of Restricted A Stock and Restricted B Stock.
It is specifically understood and agreed that amounts on deposit in the RAC Cash Collateral Sub-Account, whether on account of 25% Repurchase Receivables, 75% Repurchase Receivables or 90% Repurchase Receivables, may be withdrawn as aforesaid on account of any Defaulted Receivable, regardless of the RAC Repurchase Percentage associated therewith or whether the Seller's Repurchase Obligation shall be outstanding.