Eligible Percentage definition

Eligible Percentage means, for any category of Eligible Collateral, the percentage set forth opposite such category of Eligible Collateral specified on Schedule 1.1(b) and, in each case, subject to either the original term to maturity criteria or the weighted average life criteria set forth therein.

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Eligible Percentage with respect to any Warrants to be released from escrow pursuant to this Escrow Agreement on June 30, 2000 (the "FIRST ANNIVERSARY DATE") and on each date after the First Anniversary Date (each such date, including the First Anniversary Date, a "RELEASE DATE") set forth under Column A below, until the Notes have been redeemed or repurchased in full, shall be the sum of (1) the percentage set forth in Column B below and (2) the cumulative percentage of all Warrants previously "earned" pursuant to clause (1) above on each of the prior dates under Column A that have occurred and that have not been previously released pursuant to this Escrow Agreement. Each holder of Notes shall be entitled to a pro rata share of Warrants equal to the product of (a) the ratio of the aggregate principal amount of all Notes held by such holder at the time of such "earn-in" release to the aggregate principal amount of all Notes then outstanding and (b) the amount of Warrants "earned" pursuant to clauses (1) and (2) above. Once "earned," Warrants remain "earned" and the fully-vested property of the holder of Notes, as the case may be, despite any future payments or redemptions of the Notes.

Eligible Percentage means, in respect of Eligible Unbilled Receivables, (i) for the period from and including the Closing Date to but excluding the first anniversary of the Closing Date, 75%, (ii) for the period from and including the first anniversary of the Closing Date to but excluding the second anniversary of the Closing Date, 65% and (iii) from and including the second anniversary of the Closing Date and thereafter, 50%. "Eligible Unbilled Receivables" shall mean all unbilled Receivables of the Company or one of its Subsidiaries which (a) are eligible to be billed to an Account Debtor within 30 days of the certification date of the applicable Borrowing Base Certificate, in each case, with no additional performance required by such Account Debtor, and no condition to payment by such Account Debtor (other than receipt of an appropriate invoice); (b) may, in accordance with GAAP, be included as current assets of the Company or one of its Subsidiaries, even though such amounts have not been billed; (c) satisfy all requirements of either Eligible Government Receivables or Eligible Commercial Receivables (except that, in either such case, such Receivables have not yet been billed); and (d) are not (i) cost or profit retentions; (ii) variances from approved government reimbursement rates; (iii) progress payments, (iv) milestone contract payments, except to the extent the particular milestone has been achieved; (v) final invoices; or (vi) otherwise reasonably deemed ineligible by the Agent or the Required Lenders in the exercise of reasonable commercial credit judgment; provided, that Agent or the Required Lenders (as applicable) shall give the Company not less than five Business Days' prior written notice of its or their decision to exclude any unbilled Receivables from the category of Eligible Unbilled Receivables in reliance on the preceding clause (vi).

Examples of Eligible Percentage in a sentence

Eligible Percentage means the percentage resulting from the following calculation: [Mobile Business Gross Profit Goal Vesting Eligible Percentage x Mobile Business Gross Profit Goal Allocation Percentage] + [Mobile Business Revenue Goal Vesting Eligible Percentage x Mobile Business Revenue Goal Allocation Percentage] GAAP means generally accepted accounting principles.
Lyondell shall have the right to acquire, at its option, either 0%, 50% or 100% of such Eligible Percentage at the then Fair Market Value (determined without giving effect to the field of use restriction set forth in Section 2.01(a) of the Bayer License Agreement).
If the Eligible Percentage is 100% of the Bayer Equity PO Capacity, Bayer PO LP's offer to Lyondell must include Bayer PO LP's interest in the Technology Joint Venture.
Percentage means the percentage obtained from the column entitled "Vesting Eligible Percentage" in the Retail Dealer Services Group Goals Achievement Scale applicable to the Retail Dealer Services Group Gross Margin achieved for the Retail Dealer Services Group Performance Measurement Period.
Percentage means the percentage resulting from the following calculation: [Retail Dealer Services Group Gross Margin Goal Vesting Eligible Percentage x Retail Dealer Services Group Gross Margin Goal Allocation Percentage] + [Retail Dealer Services Group Revenue Goal Vesting Eligible Percentage x Retail Dealer Services Group Revenue Goal Allocation Percentage] GAAP means generally accepted accounting principles.
Bayer PO LP must first offer the Eligible Percentage to Lyondell.
Days Eligible Percentage of Unused Earned Sick Leave 0 5% up to 50% (in 5% increments) 1-3 5% up to 40% (in 5% increments) Buy-Back and MPPP amounts shall be calculated at the employee’s base rate of pay at the end of the accrual period, less applicable tax withholding.
Cash flows from agreements with Alternative Investment Grade customers will be multiplied by the applicable Eligible Percentage listed in Part B below for purposes of calculating the Class A Capital Contribution Amount, and cash flows from agreements with Sub-Investment Grade customers will not be used for purposes of calculating the Class A Capital Contribution Amount.
Bayer PO LP must first ------------------------ offer the Eligible Percentage to Lyondell.

More Definitions of Eligible Percentage

Eligible Percentage. Required Tranche 2 Lenders" or SCHEDULE 1.1(B) without the consent of the Required Tranche 2 Lenders;

Eligible Percentage means, with respect to an Eligible Limited Partner (a) in connection with a Class A Additional Issuance Notice, such Eligible Limited Partner’s Class A Eligible Percentage, (b) in connection with a Class C Additional Issuance Notice, such Eligible Limited Partner’s Class C Eligible Percentage, and (c) in connection with a Class D Additional Issuance Notice, such Eligible Limited Partner’s Class D Eligible Percentage.

Eligible Percentage means, in relation to the Investors in connection with a particular issue of New Securities, the percentage obtained by dividing (i) the total number of Investor Shares held or deemed held of record by all such Investors on the relevant Offer Date, by (ii) the sum of (A) such total number of Investor Shares, PLUS (B) the total number of shares of Common Stock (exclusive of Investor Shares) issued and outstanding on such Offer Date or issuable upon conversion of or upon exercise of rights under any other securities of the Company outstanding on such Offer Date.