Security Percentage definition

Security Percentage. With respect to any Payment Date and Security, the percentage equivalent of a fraction the numerator of which is the Security Balance of such Security immediately prior to such Payment Date and the denominator of which is the aggregate of the Security Balances of all Securities as of such date.
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Security Percentage means, in respect of a Vessel Tranche, one hundred and twenty five per cent (125%) of that Vessel Tranche provided that, if the Charter of the Vessel to which that Vessel Tranche relates has less than twelve (12) months to run until it expires by effluxion of time, such percentage shall be increased to one hundred and forty per cent (140%) of that Vessel Tranche.
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Security Percentage means the percentage specified as such in the applicable Final Terms. Other than in the case of Securities which are Italian Listed Securities, the Security Percentage may be adjusted by the Calculation Agent on each Reset Date in order to take into account changes in market conditions (including, in particular, volatility), provided that the adjusted Security Percentage (a) unless the Security Percentage is equal to zero, falls
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Examples of Security Percentage in a sentence

  • Such failure to meet the Minimum Security Percentage shall not be deemed a Default or an Event of Default for the purpose of any Finance Document.

  • The payment to be made to each Backstop Investor shall be comprised of (i) Backstop Securities having an aggregate Face Amount equal to the aggregate Face Amount of Backstop Securities to be issued to the Backstop Investors multiplied by the Backstop Security Percentage for such Backstop Investor and (ii) cash in an amount equal to the remaining amount of the Aggregate Securityholder Closing Payment in accordance with Section 2.1(c).

  • Variable Funding Notes, and the Certificates, the applicable Security Percentage of the Principal Collection Distribution Amount and if such Payment Date is the first Payment Date following the end of the Funding Period (if ending due to an Amortization Event) or the Payment Date on which the Funding Period ends, to the Noteholders and Certificate Paying Agent as principal on the Term Notes, Variable Funding Notes.

  • Security Percentage: ------------------- With respect to any Payment Date and Security, the percentage equivalent of a fraction the numerator of which is the Security Balance of such Security immediately prior to such Payment Date and the denominator of which is the aggregate of the Security Balances of all Securities as of such date.


More Definitions of Security Percentage

Security Percentage means, in respect of a Vessel Tranche, one hundred and twenty five per cent (125%) of that Vessel Tranche provided that, if the Charter of the Vessel to which that ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ relates has less than twelve (12) months to run until it expires by effluxion of time, such percentage shall be increased to one hundred and sixty per cent (160%) of that Vessel Tranche.
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