Funded Percentage definition
Examples of Funded Percentage in a sentence
Projections of Employer Contributions and Funded Percentage - Combined for All Divisions The following page combines the projections for each division (see chart 17.5 for each division) into a projection for the municipality as a whole.
CalPERS’ system-wide Funded Percentage (that is, value of current assets divided by the present value of future Benefit payments) is only 68 percent.54,55 As discussed below in the section entitled “Unfunded Liabilities and Funded Percentages of the Cities” at p.
Except as expressly otherwise provided in this Agreement, all actions and decisions of the Members required hereunder shall require approval of Members whose aggregate Fully Funded Percentage Interests (excluding Non-Voting Interests) total at least 51%.
The Members may make any decision or take any action at a meeting, by conference telephone call, by written consent, by oral agreement or by any other method they elect; provided that, at the request of any Member a decision or action of the Members must be made or taken by written consent signed by Members holding the Fully Funded Percentage Interests required to approve such decision or action.
Following any adjustment of each Lender's Funded Percentage pursuant to the preceding sentence, such Lender's Funded Percentage shall be readjusted only upon the first to occur of (a) a Defaulting Lender subsequently funding its Percentage of any such Partial Advance, or (b) the repayment in full (including all interest thereon) to each Funding Lender of its Percentage of any such Partial Advance.