Required Portion definition

Required Portion means a portion of a Final Standard that is required for an implementation to comply with a Final Standard (also known as a “normative” or “mandatory” portion), but not including any elements that are required solely for conformance with any optional (i.e., “non-normative,” “non-mandatory”) portion(s) of a Final Standard; provided, however, that where a Final Standard contains a choice of two or more portions, and implementing any one of the portions is required to comply with the Final Standard (i.e., mutually exclusive required options), each such portion shall be deemed to be a Required Portion.
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Required Portion means those portions of a chapter of the Specification that are clearly delineated as required for compliance with the Specification, and shall not include any portions of the Specification that are expressly marked as optional or supplemental.
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Required Portion means a portion of a Final Specification that must be implemented to comply with such Final Specification. If such Final Specification defines optional parts, Required Portions include those portions of the optional part that must be implemented if the implementation is to comply with such optional part.
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Examples of Required Portion in a sentence

  • Any funds remaining from the Required Portion at such time as the Sellers’ Representative determines that such funds are no longer necessary shall be released to the holders of Company Capital Stock according to their pro rata share of such funds promptly after such determination.

  • Prepayment Lenders and the Primary Borrower shall otherwise agree, if on any date the Primary Borrower or any of its Non-Insurance Subsidiaries shall receive Net Proceeds from any Asset Sale or Recovery Event, then, on such date, the Term Loans shall be prepaid, and/or the Revolving Credit Commitments shall be reduced, in each case in accordance with Section 2.12(d), by the Required Portion of such Net Proceeds.

  • If there is any cash in the Expenses Escrow Fund in excess of the Required Portion on the Expiration Date, the Escrow Agent shall promptly release from escrow to the holders of Company Capital Stock their pro rata share of the Expenses Escrow Fund less the Required Portion, if any.


More Definitions of Required Portion

Required Portion means in respect of any Interest all or a portion of which is required to be transferred in a Required Regulatory Transfer, the smallest portion of such Interest that must be transferred in order to satisfy the requirements of such Required Regulatory Transfer.
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Required Portion means a portion of a Draft Specification or Final Specification that must be implemented to comply with such Draft or Final Specification. If such Draft Specification or Final Specification defines optional parts, Required Portions include those portions of the optional part that must be implemented if the implementation is to comply with such optional part.
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Required Portion means in respect of any Interest all or a portion of which is required to be transferred in a Required Regulatory Transfer, the smallest portion of such Interest that must be transferred in order to satisfy the requirements of such Required Regulatory Transfer, and in respect of the shares of stock of a Parent Entity (or if such entity is not a corporation, equity interests in such entity) all or a portion of which are required to be transferred in a Required Regulatory Transfer that will result in a Change of Control, the smallest number of shares of stock (or units of equity interest) that must be transferred in order to satisfy the requirements of such Required Regulatory Transfer.
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Required Portion means, with respect to a Preferred Shareholder, either (A) if such Qualified Financing is based on total securities being offered, such number of Offered Securities calculated by multiplying the aggregate number of Offered Securities by a fraction, the numerator of which is equal to the number of Preferred Shares owned by such holder, and the denominator of which is equal to the aggregate number of outstanding shares of Preferred Shares; or (B) if such Qualified Financing is based on total amount being invested in the Company, such investment (including debt) amount calculated by multiplying the aggregate amount to be invested (including debt) in the Company in such Qualified Financing, by a fraction, the numerator of which is equal to the number of Preferred Shares owned by such holder, and the denominator of which is equal to the aggregate number of outstanding shares of Preferred Shares.
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Related to Required Portion

  • Make-Whole Fundamental Change Effective Date means (A) with respect to a Make-Whole Fundamental Change pursuant to clause (A) of the definition thereof, the date on which such Make-Whole Fundamental Change occurs or becomes effective; and (B) with respect to a Make-Whole Fundamental Change pursuant to clause (B) of the definition thereof, the applicable Redemption Notice Date.

  • LCA Test Date has the meaning assigned to such term in Section 1.06.

  • Make-Whole Fundamental Change Conversion Period has the following meaning:

  • Applicable Measurement Period means the most recently completed four consecutive fiscal quarters of the Issuer immediately preceding the Applicable Calculation Date for which internal financial statements are available.

  • Applicable Portion means, with respect to any holder of shares of Preferred Stock who fails to purchase his, her or its Pro Rata Amount in a Qualified Financing, a number of shares of Preferred Stock calculated by multiplying the aggregate number of shares of Preferred Stock held by such holder immediately prior to a Qualified Financing by a fraction, the numerator of which is equal to the amount by which such holder’s Pro Rata Amount exceeds the number of Offered Securities actually purchased by such holder in such Qualified Financing, and the denominator of which is equal to such holder’s Pro Rata Amount.