Requisite Percentage definition

Requisite Percentage shall have the meaning set forth in Section 23(c)(i) hereof.

Requisite Percentage means, at least a majority of the aggregate outstanding principal amount of the Notes issued pursuant to the Note Purchase Agreement

Requisite Percentage means at least twenty-five percent (25%) of the aggregate voting power of the then issued and outstanding Shares, which Shares are certified pursuant to Section 2.5(c)(ii)(G) to be included in the Demanding Person’s Net Long Shares.

Examples of Requisite Percentage in a sentence

• For purposes of determining the Requisite Percentage, the deemed ownership of any record holder or beneficial owner shall exclude any shares as to which such record holder or beneficial owner, as the case may be, does not have the right to vote or direct the vote at the special meeting.

• Neither this Note nor any of the rights, interests or obligations hereunder may be assigned, by operation of law or otherwise, in whole or in part, by the Company without the prior written consent of the holders of a Requisite Percentage.

• Any provision of this Note may be amended, waived or modified upon the written consent of the Company and the holders of a Requisite Percentage.

• For purposes of this Section 2(b) and for determining the Requisite Percentage, a beneficial owner shall be deemed to own the shares of stock of the corporation that such beneficial owner would be deemed to own pursuant to Rule 200(b) under the Securities Exchange Act of 1934, as amended.

• This Note may not be prepaid without the consent of a Requisite Percentage.

More Definitions of Requisite Percentage

Requisite Percentage has the meaning set forth in Section 7.4(b).

Requisite Percentage means (i) on any Payment Date prior to the Payment Date occurring in April 2009, the sum of (x) 83.75% of the CPS Pool Balance and (y) 80.00% of the TFC/SeaWest Pool Balance as of the end of the related Collection Period, (ii) on any Payment Date from and including the Payment Date occurring in April 2009 to and including the Payment Date occurring in September 2009, the sum of (x) 84.75% of the CPS Pool Balance and (y) 81.00% of the TFC/SeaWest Pool Balance as of the end of the related Collection Period, (iii) on any Payment Date from and including the Payment Date occurring in October 2009 to and including the Payment Date occurring in March 2010, the sum of (x) 85.75% of the CPS Pool Balance and (y) 82.00% of the TFC/SeaWest Pool Balance as of the end of the related Collection Period and (iv) on any Payment Date on and after the Payment Date occurring in April 2010, the sum of (x) 86.75% of the CPS Pool Balance and (y) 83.00% of the TFC/SeaWest Pool Balance as of the end of the related Collection Period; provided, that, in the case of clauses (ii), (iii) and (iv) above, if, as of the Determination Date related to any such Payment Date, (A) the Noteholders' Principal Distributable Amount (calculated without reference to this proviso) is not equal to the Principal Distributable Amount, (B) after making the distributions pursuant to Section 5.7(a) on such Payment Date, the Specified Spread Account Requisite Amount is not then satisfied, (C) as of the first Payment Date referenced in the applicable clause (ii), (iii) or (iv) above, the Three Month Rolling Average Extension Ratio is greater than or equal to 2.25%, 2.75% and 2.25%, respectively, (D) as of the first Payment Date referenced in the applicable clause (ii), (iii) or (iv) above, the Cumulative Net Loss Rate as of the end of the Collection Period related to such first Payment Date is greater than or equal to (I) in the case of clause (ii), the sum of (a) the product of the CPS Pool Percentage and 9.50% and (b) the product of the TFC Pool Percentage and 11.50%, (II) in the case of clause (iii), the sum of (a) the product of the CPS Pool Percentage and 11.35% and (b) the product of TFC Pool Percentage and 13.35% and (III) in the case of clause (iv), the sum of (a) the product of the CPS Pool Percentage and 12.75% and (b) the product of the TFC Pool Percentage and 14.75%, (E) as of the first Payment Date referenced in the applicable clause (ii), (iii) or (iv) above, the Three-Month Rolling Average Deli...

Requisite Percentage means 20%, or a percentage greater than 20%.

Requisite Percentage means 85%.

Requisite Percentage means Noteholders representing at least 66 2/3% of the Principal Amount of the Notes.

Requisite Percentage means the holder or holders of at least (a) 50% (by number of shares) of the Registrable Securities at the time outstanding in the case of the initial request under Section 1.1 or (b) 25% (by number of shares) of the Registrable Securities at the time outstanding in the case of any other request under Section 1.1.

Requisite Percentage shall have the meaning set forth in Section 23(c)(i) hereof. (lll) “Rights” shall have the meaning set forth in the recitals of this Agreement.