Contingent Payment Percentage definition

Contingent Payment Percentage means, with respect to each Asset Pool, forty percent (40%), or such other amount as may be set forth in the applicable Accepted Borrowing Request.
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Contingent Payment Percentage has the meaning set forth in Section 4.4 (a);
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Contingent Payment Percentage shall have the meaning specified on EXHIBIT E attached hereto.
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Examples of Contingent Payment Percentage in a sentence

  • In the event that a Change of Control of OSI occurs, or the Surviving Corporation is no longer a subsidiary of OSI, at any time prior to the Earn Out Period End Date and thereafter OSI or the Surviving Corporation breaches Section 4.10, then each ARACOR Shareholder and ARACOR Optionholder shall be entitled to the applicable Contingent Payment Percentage of $30,000,000 less all Contingent Payments made to date.

  • Then to the ARACOR Shareholders and ARACOR Optionholders identified in Schedule 3, paying each ARACOR Shareholder or ARACOR Optionholder the amount equal to the product of the remaining amount of the Contingent Payment multiplied by the applicable Contingent Payment Percentage.

  • Name Contingent Payment Percentage Voorhees Holdings 33.3% Schedule 1.3(a) (Continued) Payments received by Voorhees LLC from Peoples Benefit Life Insurance Company under the oral agreement controlling its profit sharing arrangements.

  • In addition to the direct or indirect receipt of funds from the Cash Contribution, Voorhees Holdings shall be eligible to receive a contingent payment (the "Contingent Payments") equal to the applicable percentage (the "Contingent Payment Percentage") listed on Schedule 1.3(a) of any profit commissions actually received by Voorhees LLC under the treaties listed on Schedule 1.3(a).

  • Name Contingent Payment Percentage Voorhees Holdings 33.3% Schedule 1.3(b) Payments received by Voorhees LLC from Standard Security Life Insurance Company of New York under Reinsurance Placing Slip DWVD No. 512, Exhibit C Profit Sharing, effective March 1, 2002 to March 1, 2003.

  • Name Contingent Payment Percentage Voorhees Holdings 83.3% Schedule 1.3(a) (Continued) Payments received by Voorhees LLC from Fidelity Security under Reinsurance Placing Slip DWVD No. 410, Exhibit C Profit Sharing, effective September 1, 2002 to September 1, 2003.

  • Name Contingent Payment Percentage Olde City Holdings 83.3% Schedule 2.2(a) Cash Contribution Name of Entity Entity's Share of Cash Contribution Voorhees Holdings $14,800,000 Olde City Holdings $1,200,000 Schedule 4.5 Voorhees Holdings Material Contracts Specific and Aggregate Stop Loss Underwriting, Marketing and Administrative Services Agreement dated September 1, 2001 between Xxxxxxxx Risk Management, Inc.

  • Pursuant to the terms and subject to the conditions set forth herein, the Contingent Payment Recipients (in accordance with such Contingent Payment Recipient’s Contingent Payment Percentage) shall be eligible to receive certain contingent payments from Management Co. as future additional, deferred consideration for the sale of the Original Securities.

  • In addition to the direct or indirect receipt of funds from the Cash Contribution, Olde City Holdings shall be eligible to receive a Contingent Payment equal to the applicable Contingent Payment Percentage listed on Schedule 1.3(b) of any profit commissions actually received by Voorhees LLC under the treaties listed on Schedule 1.3(b).

  • All payments due under Section 2.2 shall be paid to the Sellers in accordance with the Contingent Payment Percentage allocations, and in the manner, set forth on Schedule I.


More Definitions of Contingent Payment Percentage

Contingent Payment Percentage means the percentage designated in the column “Contingent Payment Percentage” corresponding to such Contingent Payment Recipient as set forth on Exhibit A hereto.
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Contingent Payment Percentage means, with respect to each Asset Pool, forty percent (40%).
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Contingent Payment Percentage means, with respect to each Asset Pool, fifty percent (50%).
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Contingent Payment Percentage shall be calculated as follows:
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Related to Contingent Payment Percentage

  • Final Payment Percentage is five percent (5.00%).

  • Investment Percentage means a percentage established for each Partner on the Partnership's books as of the first day of each Fiscal Period. The Investment Percentage of a Partner for a Fiscal Period will be determined by dividing the balance of the Partner's Capital Account as of the commencement of the Fiscal Period by the sum of the Capital Accounts of all of the Partners as of the commencement of the Fiscal Period. The sum of the Investment Percentages of all Partners for each Fiscal Period will equal 100%.

  • Achievement Percentage means the percentage of achievement determined by the Committee after the end of the Performance Cycle in accordance with Section 4 that reflects the extent to which the Company achieved the Performance Goals during the Performance Cycle.

  • Payout Percentage means the percentage (between 0% and 200%) determined by the Committee in accordance with the procedures set forth in Paragraph 2, which shall be used to determine the value of each Performance Unit.

  • Asset Percentage has the meaning specified in Section 2.05(b)(ii).

  • Prepayment Percentage As of the Closing Date, approximately 0%, and thereafter, with respect to any Distribution Date, the excess of 100% over the Senior Prepayment Percentage.

  • Target Percentage means those percentages assigned to Participants pursuant to Section 3.2 hereof.

  • Shift Percentage As to any Distribution Date occurring during the five years beginning on the first Distribution Date, 0%. For any Distribution Date occurring on or after the fifth anniversary of the first Distribution Date as follows: for any Distribution Date in the first year thereafter, 30%; for any Distribution Date in the second year thereafter, 40%; for any Distribution Date in the third year thereafter, 60%; for any Distribution Date in the fourth year thereafter, 80%; and for any Distribution Date thereafter, 100%.

  • Quarterly Excess Spread Percentage means, with respect to the August 2008 Distribution Date and each Distribution Date thereafter, the percentage equivalent of a fraction the numerator of which is the sum of the Excess Spread Percentages with respect to the immediately preceding three Monthly Periods and the denominator of which is three.

  • Prepayment Distribution Percentage With respect to any Distribution Date and each Class of Subordinate Certificates, under the applicable circumstances set forth below, the respective percentages set forth below:

  • Senior Enhancement Percentage With respect to any Distribution Date, the percentage obtained by dividing (x) the sum of (i) the aggregate Class Certificate Balance of the Subordinated Certificates and (ii) the Subordinated Amount (in each case after taking into account the distributions of the Principal Distribution Amount for such Distribution Date) by (y) the aggregate Stated Principal Balance of the Mortgage Loans for such Distribution Date.

  • Applicable Commitment Percentage means, with respect to each Lender at any time, a fraction, the numerator of which shall be such Lender's Revolving Credit Commitment and the denominator of which shall be the Total Revolving Credit Commitment, which Applicable Commitment Percentage for each Lender as of the Closing Date is as set forth in Exhibit A; provided that the Applicable Commitment Percentage of each Lender shall be increased or decreased to reflect any assignments to or by such Lender effected in accordance with Section 11.1.

  • Specified Percentage means, as to any Lender, the percentage indicated beside its name on the signature pages hereof, or if applicable, specified in its most recent Assignment Agreement.

  • Series Percentage means, with respect to any specified category, with respect to any Distribution Date or Trust Distribution Date, as applicable, the sum of the Class Percentages with respect to such category for each Class of the Series established hereby on such Distribution Date or Trust Distribution Date, as applicable.

  • Class B-1 Prepayment Percentage As to any Distribution Date, the percentage calculated by multiplying the Subordinated Prepayment Percentage by either (i) if any Class B Certificates (other than the Class B-1 Certificates) are eligible to receive principal distributions for such Distribution Date in accordance with Section 4.01(d), a fraction, the numerator of which is the Class B-1 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d) or (ii) except as set forth in Section 4.01(d)(ii), in the event that the Class B Certificates (other than the Class B-1 Certificates) are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), one.

  • Class B-6 Prepayment Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Prepayment Percentage by (ii) a fraction, the numerator of which is the Class B-6 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-6 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-6 Prepayment Percentage for such Distribution Date will be zero.

  • Contribution Percentage Amounts means the sum of the Employee Contributions, Matching Contributions, and Qualified Matching Contributions (to the extent not taken into account for purposes of the ADP test) made under the Plan on behalf of the participant for the Plan Year. Such Contribution Percentage Amounts shall not include Matching Contributions that are forfeited either to correct Excess Aggregate Contributions or because the contributions to which they relate are Excess Deferrals, Excess Contributions, or Excess Aggregate Contributions. If so elected in the adoption agreement the Employer may include Qualified Nonelective Contributions in the Contribution Percentage Amounts. The Employer also may elect to use Elective Deferrals in the Contribution Percentage Amounts so long as the ADP test is met before the Elective Deferrals are used in the ACP test and continues to be met following the exclusion of those Elective Deferrals that are used to meet the ACP test.

  • Termination Percentage has the meaning set forth in Section 2.2.

  • Participation Amount as defined in Section 3.4(b).

  • Group I Allocation Percentage With respect to any Distribution Date, the percentage equivalent of a fraction, the numerator of which is (i) the Group I Principal Remittance Amount for such Distribution Date, and the denominator of which is (ii) the Principal Remittance Amount for such Distribution Date.

  • Class B-3 Prepayment Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Prepayment Percentage by (ii) a fraction, the numerator of which is the Class B-3 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-3 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-3 Prepayment Percentage for such Distribution Date will be zero.

  • Prepayment Shift Percentage Not applicable.

  • Class B-4 Prepayment Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Prepayment Percentage by (ii) a fraction, the numerator of which is the Class B-4 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-4 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-4 Prepayment Percentage for such Distribution Date will be zero.

  • Target Bonus Percentage means, with respect to any Executive, the target bonus percentage specified for such Executive in his or her Employment Agreement.

  • Actual Contribution Percentage means, with respect to a Plan Year, the ratio (expressed as a percentage) of the sum of the amount of (a) Matching Contributions, (b) After-Tax Contributions, (c) Qualified Nonelective ESOP Contributions, and (d) Tax Deferred Contributions recharacterized as After-Tax Contributions, made on behalf of the Participant for the Plan Year to the Participant’s Testing Compensation for the Plan Year.

  • Discount Percentage shall have the meaning specified in Section 2.11.