Relative Portion definition

Relative Portion means a fraction, the numerator of which is the potential Excise Tax that may be imposed on all potential Company Payments that may be made to Executive with respect to a Change in Control, and the denominator of which is the aggregate potential Excise Tax that may be imposed on all potential Company Payments to all Participating Executives (including Executive) with respect to such Change in Control, in each case determined no later than the date of the consummation of such Change in Control by the Board in place as of immediately prior to the consummation of such Change in Control.

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Relative Portion means, with respect to any amount payable under this Lease, that fraction having as its denominator the period of time expressed in days in respect of which an amount payable under this Lease is calculated and having as its numerator the number of days within the same calculation period, but which fall within the Term or any renewal period.

Relative Portion means, with respect to any amount payable under this Lease, that fraction which has as its denominator the period of time expressed in days in respect of which an amount payable hereunder is calculated and which has as its numerator the number of days within the same calculation period, but which fall within the Term or any renewal period;

Examples of Relative Portion in a sentence

With respect to the first interest period, interest payable to each Lender will be computed based on the actual number of days elapsed between the first interest payment date and the date on which the Company actually received the Relative Portion transferred by the Lender hereunder.
Each Relative Portion shall be made available to the Company by each Lender in Dollars.
If the Term shall commence or cease on a day other than the commencement of or the end of any period of time in respect of which any amount payable hereunder is calculated, then the Tenant shall pay to the Landlord its Relative Portion of such amount for such period of time.
The Company shall repay to the Lenders their Relative Portion on the dates for repayment thereof and fulfill all of the terms and conditions applicable to the Company as set forth in this Agreement.
Upon execution of this Agreement, each Lender will indicate in the space provided next to such Lender’s name on Appendix A, whether it elects to be paid interest on the unpaid balance of the Relative Portion equal to (i) an annual rate of six percent (6%) or (ii) LIBOR Interest plus two and a quarter percent (2.25%).
The Company shall repay the Loan to each of the Lenders in accordance with their Relative Portion and in accordance with Sections 3 and 4 below.
The Company shall repay the Loan in Dollars to each of the Lenders in accordance with its Relative Portion and in accordance with Section 4 below.
If the Term shall commence or cease on a day other than the commencement of or the end of any period of time in respect to which any amount payable hereunder is calculated, then the Tenant shall pay to the Landlord its Relative Portion of such amount for such period of time.
Without limiting the generality of the foregoing, if the Term does not subsist during the whole of any calendar year, the Tenant will pay the Relative Portion of the Tenant’s Proportionate Share of the estimated and actual Operating Expenses for such Operating Year.
Without limiting the generality of the foregoing, if the Term does not subsist during the whole of any calendar year, the Tenant shall pay the Relative Portion of the Tenant's Proportionate Share of the estimated and actual Operating Expenses for such Operating Year.

More Definitions of Relative Portion

Relative Portion as defined in Section 2.1 below.

Relative Portion means, with respect to any amount payable under this License, that fraction having as its denominator the period of time expressed in days in respect of which an amount payable under this License is calculated and having as its numerator the number of days within the same calculation period, but which fall within the Term or any renewal period.