Modified Percentage definition

Modified Percentage means, on any date of determination, a quotient, expressed as a percentage, equal to:
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Examples of Modified Percentage in a sentence

  • Further, if the Big Brown Collateral or Alternative Physical Collateral serves as the collateral for the Permitted Transferee, then Party A’s interest in such collateral shall be limited solely to its Modified Percentage of the value of such collateral.

  • It is understood and agreed that in the event that any person other than Party A shall be granted a lien on the Big Brown Collateral or Alternative Physical Collateral as contemplated in this clause (iv), such person will have a "Collateral Percentage" and a "Modified Percentage" calculated in respect of it in the same manner as Party A's Collateral Percentage and Modified Percentage are calculated hereunder.

  • In addition, where this agreement refers to the aggregate Collateral Percentage or aggregate Modified Percentage, it is understood and agreed that this means the aggregate across all parties secured by liens on the Big Brown Collateral or Alternative Physical Collateral, as the case may be.