Payment Percentage has the meaning assigned to such term in Section 2.21(b).
Payment Percentage has the meaning set forth in Section 2.11(a).
Payment Percentage means the portion, expressed as a percentage, of the Liquidated Value of all Payment Percentage Claims that the Plan Trust is expected to have sufficient assets to pay. The "Payment Percentage" is to be determined and periodically reviewed and modified by the Plan Trustees, with the consent of the Futures Representative and the TAC, pursuant to the TDP. The term "Payment Percentage" shall include the Initial Payment Percentage.
Examples of Payment Percentage in a sentence
The Committee sanctions significant transactions (such as commutations), is involved in the setting of the Scheme Payment Percentage, and approves the Scheme Administrators’ fees.
Disease Level I claims are not subject to the Payment Percentage.
ER will provide qualifying claimants fixed claims payment subject to the Payment Percentage (see Scheduled Values below).
It is possible that the ultimate Payment Percentage could vary significantly either above or below that predicted.
Beginning on the next Rider Anniversary, the Lifetime Payment Percentage can change on each Valuation Date as described above until a Withdrawal is taken in that contract year.
More Definitions of Payment Percentage
Payment Percentage shall have the meaning ascribed thereto in Section 2 hereof.
Payment Percentage means the percentage set forth on Schedule F to this Agreement, as updated from time to time in accordance with Section 3.04.
Payment Percentage. ’ means the percentage of an Established Scheme Liability that the Scheme Administrators determine from time to time should be paid to Scheme Creditors in accordance with the provisions of the Scheme;
Payment Percentage means each percentage to be applied in the calculation of the Carriageway Availability Payment, the FC Availability Payment, the DR Carriageway Availability Payment and the DRFC Availability Payment as respectively determined in accordance with Parts 2, 3, 4 and 5 of Schedule 9.
Payment Percentage means six percent; provided, however, that if an Event of Default shall have occurred, then the Payment Percentage shall be increased to 25 percent during the period from the date of such Event of Default until the earlier of (x) the date no Event of Default is continuing and (y) the date the Company pays the redemption price in full for a redemption of this Note and the Other Notes pursuant to Section 1.2 and the comparable provisions of the Other Notes; provided further, however, that if the Company extends the Original Maturity Date to the Extended Maturity Date pursuant to Section 6.2, then the Payment Percentage shall be increased as provided in Section 6.2; and provided further, however, that, unless a Fundamental Change shall have occurred, if the Company redeems all or any portion of this Note pursuant to Section 1.2 and the Other Notes pursuant to the comparable provisions thereof, then the Payment Percentage (as in effect immediately prior to such redemption) which shall be applicable during the last 12 months of the Payment Period shall be reduced for each such redemption by an amount determined as RPP = PP x PR x D -- --- PO 365 where RPP = amount of reduction in the Payment Percentage (as in effect immediately prior to such redemption) by reason of such redemption PP = Payment Percentage which would be in effect without regard to any reduction thereof at any time pursuant to this formula. PR = the aggregate principal amount of this Note and the Other Notes redeemed in such redemption PO = the original aggregate principal amount of this Note and the Other Notes D = the number of calendar days during the period commencing on and including the date the Company pays the full redemption price of this Note and the Other Notes which is in connection with such redemption and ending on and excluding the date which is the third anniversary of the Issuance Date
Payment Percentage means the share or proportion of qualified income a consumer must pay pursuant to the terms of an income share agreement. The payment percentage may also be expressed as a fixed number or a variable or tiered rate.
Payment Percentage of a PGA means the fraction (expressed as a percentage), the numerator of which is the aggregate liability of such PGA under its Covered Contracts (determined after reasonable application of all exclusions and limitations of the state laws applicable to such PGA), and the denominator of which is the aggregate liability of all PGAs under all Covered Contracts (determined after reasonable application of all exclusions and limitations of the state laws applicable to the respective PGAs).