FC Percentage definition
FC Percentage. (x) with respect to any Portfolio Entity or any other Person shall mean the percentage of outstanding shares of stock, limited liability company interests or partnership interests (or, in the case of a non-US entity, similar equity interests) of such Portfolio Entity or Person owned directly or indirectly by FLBG or FC Servicing, (y) with respect to any Asset Pool or any Asset owned by an Portfolio Entity, the FC Percentage with respect to such Portfolio Entity, and (z) with respect to any Asset Pool or any Asset owned by any REO Affiliate, the FC Percentage of the Portfolio Entity which is the parent of the REO Affiliate.
FC Percentage means (x) with respect to any FC Portfolio Subsidiary shall mean 100%, (y) with respect to any FC Diversified Subsidiary shall mean the percentage of outstanding limited liability company interests of such entity owned directly or indirectly by Borrower, and in the case of a FC Diversified Subsidiary that has different ownership or distribution percentage interests for each Asset Pool investment, shall mean with respect to any Asset Pool owned by that FC Diversified Subsidiary, the percentage interest owned by and as to which distributions are made to that FC Diversified Subsidiary with respect to such Asset Pool.
FC Percentage with respect to any Secondary Obligor shall mean the percentage of outstanding shares of stock, limited liability company interests or partnership interests (or, in the case of a non-US entity, similar equity interests) of such Secondary Obligor owned directly or indirectly by the Borrower.
Examples of FC Percentage in a sentence
After giving effect to such Loans, the sum of the Net Present Equity Values of all Portfolio Entities which have an FC Percentage of 100% and which do not have an Approved Portfolio Leverage Arrangement shall not be greater than 50% of the Aggregate Net Present Equity Value.
More Definitions of FC Percentage
FC Percentage. (x) with respect to any PFAL Portfolio Entity or any other Secondary Obligor shall mean the percentage of outstanding shares of stock, limited liability company interests or partnership interests (or, in the case of a non-US entity, similar equity interests) of such PFAL Portfolio Entity or Secondary Obligor owned directly or indirectly by the Borrower and (y) with respect to any Asset Pool owned by any PFAL Portfolio Entity or REO-PFAL Affiliate or any related assets, the FC Percentage with respect to such PFAL Portfolio Entity and REO-PFAL Affiliate.