Examples of Portion in a sentence
In the event the Participant is vested in a fractional portion of an RSU (a “Fractional Portion”), such Fractional Portion will be rounded up and converted into a whole share of Common Stock (“Share”) and issued to the Participant.
Each Revolving Credit Borrowing of or conversion to a Base Rate Portion shall be in a principal amount of $250,000 or a whole multiple of $50,000 in excess thereof; provided that a Base Rate Portion may be in an amount equal to the Revolving Credit Availability.
Each Revolving Credit Borrowing, each conversion of a Portion from one Type to the other, and each continuation of a Term SOFR Portion shall be made upon Borrower’s irrevocable notice to Administrative Agent, which may be given by telephone.
For clarity, in the event of a Participant’s Involuntary Termination or Retirement at any time (i) during the month in which the Grant Date occurs, then the Prorated Portion, expressed as a percentage, will equal 0% or (ii) during the month in which the Scheduled Vesting Date occurs, then the Prorated Portion, expressed as a percentage, will equal 100%.
If Borrower requests a Revolving Credit Borrowing of, conversion to, or continuation of a Term SOFR Portion in any such Revolving Credit Borrowing Request, but fails to specify an Interest Period, it will be deemed to have specified an Interest Period of one (1) month.