Designated Portion definition

Designated Portion means that percentage of Allocable Educational Services that an Owner designates for use on a particular Tuition Payment Date at a particular Participating Institution for a particular Qualifying Beneficiary.

Designated Portion means the portion of the local option sales and services tax revenues which is authorized to be expended for one or a combination of purposes under an adopted public measure.

Designated Portion is defined in Section 10.6(b)(i).

Examples of Designated Portion in a sentence

• The Owner may release a Designated Portion of the Work under this Contract upon the issuance of a Certificate of Substantial Completion for the Designated Portion.

• Further, the parties agree that in the event the Owner releases a Designated Portion of the Work, whether or not retainage is released for the Designated Portion of the Work, the Contractor agrees that all insurance required by the Contract Documents will remain in full force and effect until final acceptance of the entire Work by the Owner.

• Subsequent to said release, the Owner may make payment to the Contractor up to the pro-rated amount of the Contract Amount which is allocable to the value of the Designated Portion of the Work under the Contract.

• Partial Occupancy or Substantial Completion of a Designated Portion - Declaration by the Owner that a designated portion of the work has been completed so that it is ready for occupancy by the Owner for its intended purpose.

• A Qualifying Beneficiary who is a Student will be entitled to receive the Designated Portion of the Allocable Educational Services at any Participating Institution in any MaturityYear, upon payment to the Participating Institution of the Tuition Certificate Proceeds.

More Definitions of Designated Portion

Designated Portion means 30.5%, unless the liquidation provisions contained in Article IV.B.2(b)(i) of the Certificate of Incorporation of LMI and Section 3(b)(i) of the Certificate of Designations of Series B Preferred Stock of LMI are waived, amended or otherwise rendered inapplicable to the Merger on or before the Closing Date, in which case Designated Portion shall mean 20%. All LMI Preferred Stock issued upon such conversion shall be converted into Ebiz Common Stock as provided above. The portion of outstanding principal and interest of each debenture of LMI issued after March 1, 2000 that remains unconverted immediately after the Effective Time, which portion shall be 69.5%, unless the liquidation provisions contained in Article IV.B.2(b)(i) of the Certificate of Incorporation of LMI and Section 3(b)(i) of the Certificate of Designations of Series B Preferred Stock of LMI are waived, amended or otherwise rendered inapplicable to the Merger on or before the Closing Date, in which case such portion shall be 80%, shall be assumed by Ebiz at the Effective Time (the "ASSUMED LMI DEBENTURES") on the terms and conditions set forth in each such debenture; provided, however, that ninety days after the Effective Time, the Assumed LMI Debentures shall convert automatically into shares of Ebiz Common Stock on such a basis that there is issued with respect to each of the Assumed LMI Debentures the same number of shares of Ebiz Common Stock as would have been issued with respect to such Assumed LMI Debenture had it been converted into LMI Preferred Stock immediately prior to the Effective Time. Prior to the Closing, all outstanding convertible notes (the "CANOPY NOTES") issued to The Canopy Group, Inc. ("CANOPY") shall, at the election of Canopy and in accordance with the terms of the Canopy Notes, either be repaid by LMI or be converted into LMI Common Stock.

Designated Portion means a number of units in Sherman held as of the Contingent Payment Security Interest Effective Date by Purchaser or Purchaser’s Affiliates (other than Sherman), as the case may be, which shall be determined as follows:

Designated Portion means that portion of the Local Option Tax Receipts, being equal to 50% received by the City and allocated under Section 14 hereof.

Designated Portion means a number of units in Sxxxxxx held as of the Contingent Payment Security Interest Effective Date by Purchaser or Purchaser’s Affiliates (other than Sxxxxxx), as the case may be, which shall be determined as follows:

Designated Portion means, at any particular time, that portion of the Term Loan or the Revolving Loan selected by Borrower Representative for any single Interest Period to bear interest based on LIBOR.

Designated Portion means the active portion of a facility, including the closed portion and that portion set aside to become an active portion in the future;

Designated Portion means the amount of an increment