Voucher Percentage means, in relation to a particular Series and at any time, the ratio (expressed as a percentage) of (i) the aggregate Value of the relevant Airtime Vouchers to
Voucher Percentage means at any time, the ratio (expressed as a percentage) of (i) the aggregate Value of the relevant Vouchers owned by the Trustee but unsold by the Wakeel to (ii) the aggregate Value of the Vouchers and Replacement Assets (if any) at that time. For the avoidance of doubt, on the Closing Date (and prior to any substitution of Vouchers for Replacement Assets under the Substitution Undertaking) the Voucher Percentage is 100%;
Voucher Percentage means, in relation to a particular Series and at any time, the ratio (expressed as a percentage) of (i) the aggregate Value of the relevant Airtime Vouchers to (ii) the aggregate Value of the Airtime Vouchers and Lease Assets at that time.