Definition of PP&E Percentage

  1. PP&E Percentage means, as of any date, the percentage equal to 100% minus the percentage obtained by dividing the number of full Fiscal Quarters elapsed since the Effective Date by forty (40).

Examples of PP&E Percentage in a sentence

  1. PP&E Percentage shall mean, at the time of any determination, the percentage equal to one hundred percent (100%) minus the percentage obtained by dividing the number of full fiscal months of the Company elapsed since the Effective Date by eight-four (84).

Definition of PP&E Percentage in Amended and Restated Credit Agreement

PP&E Percentage means, as of any date, the percentage equal to 100% minus the percentage obtained by dividing the number of full Fiscal Quarters elapsed since the Effective Date by forty (40).