Required Portion definition

Required Portion means a portion of a Final Standard that is required for an implementation to comply with a Final Standard (also known as a “normative” or “mandatory” portion), but not including any elements that are required solely for conformance with any optional (i.e., “non-normative,” “non-mandatory”) portion(s) of a Final Standard; provided, however, that where a Final Standard contains a choice of two or more portions, and implementing any one of the portions is required to comply with the Final Standard (i.e., mutually exclusive required options), each such portion shall be deemed to be a Required Portion.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Required Portion means those portions of a chapter of the Specification that are clearly delineated as required for compliance with the Specification, and shall not include any portions of the Specification that are expressly marked as optional or supplemental.

Required Portion means a portion of Specification that must be implemented to comply with such Specification. If such Specification defines optional parts, Required Portions include those portions of the optional part that must be implemented if the implementation is to comply with such optional part.

Examples of Required Portion in a sentence

Any funds remaining from the Required Portion at such time as the Sellers’ Representative determines that such funds are no longer necessary shall be released to the holders of Company Capital Stock according to their pro rata share of such funds promptly after such determination.
Tenant's Initial RFO Notice shall specify the Required Portion (as hereinafter defined) of such space, and (in the case of a lease of Initial First Offer Space after Lease Year 1) whether or not Tenant disputes that the Annual Fixed Rent specified in Landlord's Initial Offer is the Annual Market Rent ("Rent Dispute").
For purposes hereof, the "Required Portion" shall be between 5,000 and 15,000 rentable square feet, as designated by Tenant in Tenant's Initial RFO Exercise Notice.
If Tenant specifies a Required Portion that is less than the entire amount of such space, the location and layout of such Required Portion shall be determined by Landlord, in the exercise of its commercially reasonable judgment.
Prepayment Lenders and the Primary Borrower shall otherwise agree, if on any date the Primary Borrower or any of its Non-Insurance Subsidiaries shall receive Net Proceeds from any Asset Sale or Recovery Event, then, on such date, the Term Loans shall be prepaid, and/or the Revolving Credit Commitments shall be reduced, in each case in accordance with Section 2.12(d), by the Required Portion of such Net Proceeds.
If there is any cash in the Expenses Escrow Fund in excess of the Required Portion on the Expiration Date, the Escrow Agent shall promptly release from escrow to the holders of Company Capital Stock their pro rata share of the Expenses Escrow Fund less the Required Portion, if any.

More Definitions of Required Portion

Required Portion means in respect of any Interest all or a portion of which is required to be transferred in a Required Regulatory Transfer, the smallest portion of such Interest that must be transferred in order to satisfy the requirements of such Required Regulatory Transfer, and in respect of the shares of stock of a Parent Entity (or if such entity is not a corporation, equity interests in such entity) all or a portion of which are required to be transferred in a Required Regulatory Transfer that will result in a Change of Control, the smallest number of shares of stock (or units of equity interest) that must be transferred in order to satisfy the requirements of such Required Regulatory Transfer.

Required Portion means a portion of a Draft Specification or Final Specification that must be implemented to comply with such Draft or Final Specification. If such Draft Specification or Final Specification defines optional parts, Required Portions include those portions of the optional part that must be implemented if the implementation is to comply with such optional part.

Required Portion means, with respect to a Preferred Shareholder, either (A) if such Qualified Financing is based on total securities being offered, such number of Offered Securities calculated by multiplying the aggregate number of Offered Securities by a fraction, the numerator of which is equal to the number of Preferred Shares owned by such holder, and the denominator of which is equal to the aggregate number of outstanding shares of Preferred Shares; or (B) if such Qualified Financing is based on total amount being invested in the Company, such investment (including debt) amount calculated by multiplying the aggregate amount to be invested (including debt) in the Company in such Qualified Financing, by a fraction, the numerator of which is equal to the number of Preferred Shares owned by such holder, and the denominator of which is equal to the aggregate number of outstanding shares of Preferred Shares.