Elapsed Portion definition
Elapsed Portion means, with respect to the month during with the Closing Date occurs, the number of days elapsed during such month through (and including) the Closing Date divided by the total number of calendar days in such month.
Examples of Elapsed Portion in a sentence
The amount of repayment shall be calculated as follows: 18 Repayment Amount ($) = 19 Funding Amount ($) – Elapsed Portion of Project Life (Yrs) * Funding Amount ($) 20 Project Life (Yrs) 21 iii.