Less than definition

Less than in this context means a smaller divergence in performance between the MSCI ACWI All Cap Index and the Measuring Class. The Performance Adjustment Rate for the Fund may not exceed ± 0.75.
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Less than. BBB”” means that the RO is neither ““A” or better” nor ““BBB” but less than “A””.
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Less than means a rating less favorable than; (iii) if ratings for the senior unsecured long-term debt of the Borrower shall not be available from at least two of the three Rating Agencies, Level VI shall be deemed applicable; (iv) if determinative ratings shall change (other than as a result of a change in the rating system used by any applicable Rating Agency) such that a change in Applicable Rating Level would result, such change shall effect a change in Applicable Rating Level as of the day on which it is first announced by the applicable Rating Agency, and any change in the Applicable Base Rate Margin or the Applicable LIBOR Margin hereunder shall apply commencing on the effective date of such change and ending on the date immediately preceding the effective date of the next such change; and (v) if the rating system of any of the Rating Agencies shall change prior to the date all obligations hereunder have been paid and the Revolving Credit Commitments and Swingline Commitments are canceled, the Borrower, the Administrative Agent and the Lenders shall negotiate in good faith to amend the references to specific ratings in this definition to reflect such changed rating system, and pending such amendment, if no Applicable Rating Level is otherwise determinable based upon the foregoing, the last-determined Applicable Rating Level shall apply until such agreement is reached.
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More Definitions of Less than

Less than. A" or the equivalent) the rating assigned to the Preferred Securities by a nationally recognized statistical rating organization;
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Less than means less than and inclusive of the base number;
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Less than as in “< 6” means “less than six hours”. The “-“ means “to” as in “6 -12” means “six to twelve hours”. The “>” means “greater than” as in “> 12” means “greater than twelve hours”.
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Less than. BBB”” means that the RO is neither ““A” or better” nor ““BBB” but less than “A””. ““AAA” FFELP Assets” means that the RO is a securitization where the securitized receivables are exclusively comprised of Guaranteed Student Loans, and is rated AAA by S&P and Aaa by Moody’s and, if rated by Fitch, is rated AAA by Fitch. “Selected Percentage” means (x) in respect of any date prior to the seven year anniversary of the Facility Commencement Date, zero and (y) in respect of any date after the seven year anniversary of the Facility Commencement Date, a figure of between 0% and 10% selected by GSI; provided, however, that (i) the Selected Percentage may not exceed 10%, (ii) the Selected Percentage may not be decreased from its value on any prior date and (iii) each incremental increase in the Selected Percentage shall result in a reduction of the Facility Fee Rate by five bps with effect from the date of such increase, with the values of the Facility Fee corresponding to each possible value of the Selected Percentage as set forth below.
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Less than means "less than", and the symbol "equal to or greater than" means "equal to or greater than." The Eurodollar Rate for each Eurodollar Loan shall be determined by Administrative Agent before the beginning of the applicable Interest Period and shall apply throughout such Interest Period. The "Eurodollar Rate" shall be, for the applicable Interest Period therefor, the interest rate per annum equal to the quotient of
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Related to Less than

  • Percent or "percentage" means the percentage by weight.

  • Less Ineligibles ________ 10. Gross Eligible Accounts Receivable ________ 11. Less: Dilution Reserve ________ 12. Net Eligible Accounts Receivable ________ 13. Total Availability provided by Accounts Receivable (85% of Net Eligible Accounts Receivable) ________ 14. Gross Raw Material Inventory ________ 15. Less: Raw Material Ineligibles ________ 16. Gross Eligible Raw material Inventory ________ 17. Total Raw Material Inventory Availability (40% of Eligible Raw Material Inventory) ________ 18. Work In Process Inventory ________ 19. Gross Finished Goods Inventory ________ 20. Less: Finished Goods Ineligibles ________ 21. Gross Eligible Finished Goods Inventory ________ 22. Total Finished Goods Inventory (60% of Eligible Finished Goods Inventory) ________ 23. Total Inventory Availability (The lesser of (i) the sum of Line 17 + Line 22 or (ii) 75% of line 13.) ________ 24. Current Mid-Month Borrowing Base ________ 25. Current Commitment $45,000 26. Lesser of Current Mid-Month Borrowing Base or Current Commitment ________ Less: 27. Outstanding Revolving Loans 28. Letter of Credit Obligations _________ 29. AVAILABILITY _________ - 85 - Prepared by: __________________________________________________ Certified by: __________________________________________________ Date: __________________________________________________ THIS WAREHOUSEMAN'S WAIVER, AGREEMENT AND CONSENT (this "Agreement") is made and delivered as of this __________day of __________2000, by [NAME OF WAREHOUSEMAN] (the "Lessor"), to and for the benefit of THE CIT GROUP/BUSINESS CREDIT, INC., having offices at 1211 Avenue of the Americas, New York, New York 10006 in its capacixx xx xxxxx xxx xxx Xxxxxxx, xx xxxxxxxxxxx xxxxxxx (in such capacity, the "Agent").

  • Five Percent Owner means an Employee who, with respect to a Participating Company, is described in section 423(b)(3) of the Code.

  • Fifty-Percent or Greater Interest shall have the meaning ascribed to such term for purposes of Sections 355(d) and (e) of the Code.

  • Aggregate means the sums expended or to be expended for the provision or performance of any goods or services in connection with the same immediate purpose or task, or the furnishing of similar goods or services, during the same contract year through a contract awarded by a purchasing agent.

  • months shall be construed in accordance with Clause 1.3;

  • Minimum qualifications” are qualifications mandated for the position and which must be possessed by a Unit Member before the individual can be considered for employment in a specific classification.

  • Total means the sum of all individual pesticides detected and quantified in the monitoring procedure, including their relevant metabolites, degradation and reaction products.

  • Equal or “Approved Equal” shall mean equal as determined by DCAS, in its sole discretion.

  • Per means a preliminary environmental report referred to in section 16;

  • Threshold Percentage means 15%.

  • Fair Market Value Excess With respect to each Mortgage Loan to be purchased pursuant to Section 10.01(a), the excess, if any, of the Fair Market Value Call Price for such Mortgage Loan, over the Par Call Price for such Mortgage Loan. Any Fair Market Value Excess will not become part of the related Group Available Funds, but shall instead be distributed directly to the Holders of the Class A-LR Certificates pursuant to Section 4.02(g).

  • Threshold means with respect to Party B: infinity.

  • Total Value means either the fair market value or the actual price paid for a covered animal part or product, whichever is greater.

  • Fair Market Value Per Share means as of any date the fair market value of each of the Shares on such date (the "applicable date") as determined by the Option Committee in good faith. The Option Committee is authorized to make its determination as to the fair market value on the following basis: (i) if the Shares are not traded on a securities exchange and are not quoted on the National Association of Securities Dealers, Inc.'s Automated Quotation System ("NASDAQ"), but are quoted on the Over The Counter Electronic Bulletin Board operated by NASDAQ, "Fair Market Value per Share" shall be the mean between the average daily bid and average daily asked prices of the Shares on the applicable date, as published on such bulletin board; (ii) if the Shares are not traded on a securities exchange and are quoted on NASDAQ, "Fair Market Value per Share" shall be the closing transaction price of the Shares on the applicable date, as reported on NASDAQ; (iii) if the Shares are traded on a securities exchange, "Fair Market Value per Share" shall be the daily closing price of the Shares, on such securities exchange as of the applicable date; or (iv) if the Shares are traded other than as described in (i), (ii) or (iii) above, or if the Shares are not publicly traded, "Fair Market Value per Share" shall be the value determined by the Option Committee in good faith based upon the fair market value as determined by completely independent and well qualified experts. In the case of Shares described in (i), (ii) or (iii) above, if no prices are reported for the Shares on the applicable date, the "Fair Market Value per Share" shall be the price reported for such Shares on the next preceding date on which there were reported prices.

  • Market Value per Share means, as of any particular date, the closing price of a Common Share as reported for that date on the New York Stock Exchange or, if the Common Shares are not then listed on the New York Stock Exchange, on any other national securities exchange on which the Common Shares are listed, or if there are no sales on such date, on the next preceding trading day during which a sale occurred. If there is no regular public trading market for the Common Shares, then the Market Value per Share shall be the fair market value as determined in good faith by the Committee. The Committee is authorized to adopt another fair market value pricing method provided such method is stated in the applicable Evidence of Award and is in compliance with the fair market value pricing rules set forth in Section 409A of the Code.

  • Borrowing Minimum means (a) in the case of a Borrowing denominated in US Dollars, $5,000,000, (b) in the case of a Borrowing denominated in Canadian Dollars, Cdn.$5,000,000, (c) in the case of a Borrowing denominated in Sterling, £5,000,000 and (d) in the case of a Borrowing denominated in Euro, €5,000,000.

  • Days means calendar days.

  • Best Value means the method by which a proposal/contract, if any, is awarded, in accordance with applicable laws, rules, and regulations. Best Value includes multiple parameters, including experience, references, quality of the Vendor's product(s)/service(s), and price, as detailed in Section 6.0 Evaluation and Award.

  • Borrowing Multiple means (a) in the case of a Borrowing denominated in US Dollars, $1,000,000, (b) in the case of a Borrowing denominated in Canadian Dollars, Cdn.$1,000,000, (c) in the case of a Borrowing denominated in Sterling, £1,000,000 and (d) in the case of a Borrowing denominated in Euro, €1,000,000.

  • Threshold Rating means the short-term unsecured debt rating of P-1 by Moody’s and the short-term issuer credit rating of A-1 by Standard & Poor’s.

  • Total Contract Value means contract value plus statutory dues like GST etc. and any other amount payable under contract.

  • Annual Valuation Date means the Valuation Date each calendar year so designated by the Trust, commencing in the calendar year 2003.

  • Twelve-Month Period means a twelve-month period ending on the first anniversary of the Effective Date or on each subsequent anniversary thereof.

  • 12-Month Period means a rolling 12-month period measured backward from the date leave is taken and continuous with each additional leave day taken.

  • Per Share Fair Market Value has the meaning set forth in Section 13(C).