Percentage Charge definition
Percentage Charge consisting of the sum of the amounts derived by multiplying the following percentages times the aggregate balance of the Funding Accounts as of the immediately preceding January 31:
(i) 0.535% of the first $400 million of the aggregate balance;
(ii) 0.530% of the next $100 million of the balance;
(iii) 0.520% of the next $500 million of the balance;
(iv) 0.500% of the next $500 million of the balance;
(v) 0.485% of the next $500 million of the balance; and
(vi) 0.470% of the balance in excess of $2 billion.
Percentage Charge means the percentage charge payable on the excess value calculated in accordance with the rates specified.
Percentage Charge consisting of the sum of the amounts derived by multiplying the following percentages times the aggregate balance of the Funding Accounts as of the immediately preceding January 31:
(i) [0.51%] of the first $500 million of the aggregate balance;
(ii) [0.41%] of the next $500 million of the balance;
(iii) [0.318%] of the balance in excess of $1 billion.
Examples of Percentage Charge in a sentence
With respect to the Percentage Charge described in Section 9.01, Subsection (a), any such increase will be subject to any limit on the amount then required by the Securities and Exchange Commission.