Initial Payment Percentage definition

Initial Payment Percentage means the first Payment Percentage determined pursuant to Section 4.1.
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Initial Payment Percentage means the fraction the numerator of which is $2.775 billion and the denominator of which is the aggregate value of Qualified Claims as of the Initial Payment Percentage Determination Date; provided, however, that the Initial Payment Percentage shall not be greater than 100% or lower than 89.95%.
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Initial Payment Percentage. Con.9.2 and 9.4 I.4 Discount Charge: - Con 11.5 I.5 Allowance: - Con 11.5
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Examples of Initial Payment Percentage in a sentence

  • However, any adjustment to the Initial Payment Percentage shall be made only pursuant to Section 4.2 below.

  • If the Trustees conclude that use of the Initial Payment Percentage will adversely affect the interests of future claimants or present claimants who have not yet been paid, the Trustees shall either suspend payments under Individualized Review until they are able to determine an appropriate Payment Percentage, or exercise their powers under Section 7.4(c).

  • The Trust will make a second payment to such claimants after the later of the second anniversary of the Effective Date or after the Trustees have considered and, if necessary redetermined, the Initial Payment Percentage, so that the total amount received by the claimant is equal to the liquidated value times the then current Payment Percentage.

  • For example if the Allowed Claim Amount for an Allowed Abuse Claim that has received a Final Determination is $1,350,000, even if the Settlement Trust distributes less than $1,350,000 to the Abuse Claimant on account of such Allowed Abuse Claim based on application of the Initial Payment Percentage and any Subsequent Payment Percentage(s), the Allowed Claim Amount for the Abuse Claim is still $1,350,000.

  • During the first two (2) years following the Effective Date, while these matters are particularly uncertain, the Trust can and shall rely upon the calculation of the Initial Payment Percentage, as described in the Plan and use the Initial Payment Percentage in paying Prepetition Liquidated Claims or claims under the Individualized Review Process.

  • Do not pierce waterproofing or insulation vapor barrier with supports or support bolts.

  • Because of the initial uncertainties about assets and liabilities, during the first two (2) years after the Effective Date, the Trustees shall pay claimants electing individualized review only on an installment basis with an initial payment determined by the Initial Payment Percentage in Article 1 of the Plan times fifty percent (50%) of the liquidated value of the claim.

  • Except with respect to Asbestos Trust Voting Claims to which the Initial Payment Percentage applies, the Payment Percentage shall be subject to change pursuant to the terms of this TDP and the Trust Agreement if the Trustee with the consent of the TAC and the Future Claimants’ Representative determine that an adjustment is required.

  • Within thirty (30) days of executing the release as set forthin Article IX.D above, the Abuse Claimant shall receive an Initial Distribution from the Settlement Trust (assuming an Initial Payment Percentage has been established by the Settlement Trust at that time).

  • Subsequent payments required to bring the total amount paid to bring payments to a Claimant up to the actual Initial Payment Percentage will made under the Plan and guaranteed by Halliburton and HESI if not paid under the Plan.


More Definitions of Initial Payment Percentage

Initial Payment Percentage shall indicate a particular ARACOR Shareholder’s, or ARACOR Optionholder’s, as the case may be, share of the Initial Payment net of Other Fees.
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Initial Payment Percentage means the fraction the numerator of which is $2.775 billion and the denominator of which is the sum of (a) the aggregate value of Qualified Claims as of the Initial Payment
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Initial Payment Percentage means 12% or such other Payment Percentage as the Trustees shall determine in accordance with the Trust Agreement.
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Related to Initial Payment Percentage

  • Final Payment Percentage is five percent (5.00%).

  • Prepayment Percentage As of the Closing Date, approximately 0%, and thereafter, with respect to any Distribution Date, the excess of 100% over the Senior Prepayment Percentage.

  • Asset Percentage has the meaning specified in Section 2.05(b)(ii).

  • Investment Percentage means a percentage established for each Partner on the Partnership's books as of the first day of each Fiscal Period. The Investment Percentage of a Partner for a Fiscal Period will be determined by dividing the balance of the Partner's Capital Account as of the commencement of the Fiscal Period by the sum of the Capital Accounts of all of the Partners as of the commencement of the Fiscal Period. The sum of the Investment Percentages of all Partners for each Fiscal Period will equal 100%.

  • Shift Percentage As to any Distribution Date occurring during the five years beginning on the first Distribution Date, 0%. For any Distribution Date occurring on or after the fifth anniversary of the first Distribution Date as follows: for any Distribution Date in the first year thereafter, 30%; for any Distribution Date in the second year thereafter, 40%; for any Distribution Date in the third year thereafter, 60%; for any Distribution Date in the fourth year thereafter, 80%; and for any Distribution Date thereafter, 100%.

  • Funding Percentage means with respect to any Payment Date, the percentage derived from the fraction the numerator of which is the Pre-Funded Amount and the denominator of which is the sum of the aggregate Principal Balance of Receivables transferred to the Trust and the Pre-Funded Amount, in each case, as of the last day of the related Collection Period.

  • Discount Percentage shall have the meaning specified in Section 2.11.

  • Applicable Commitment Percentage means, with respect to each Lender at any time, a fraction, the numerator of which shall be such Lender's Revolving Credit Commitment and the denominator of which shall be the Total Revolving Credit Commitment, which Applicable Commitment Percentage for each Lender as of the Closing Date is as set forth in Exhibit A; provided that the Applicable Commitment Percentage of each Lender shall be increased or decreased to reflect any assignments to or by such Lender effected in accordance with Section 11.1.

  • Payout Percentage means the percentage (between 0% and 200%) determined by the Committee in accordance with the procedures set forth in Paragraph 2, which shall be used to determine the value of each Performance Unit.

  • Commitment Percentage is set forth in Schedule 1.1, as amended from time to time.

  • Spread Account Percentage means, (i) 0% if the Quarterly Excess Spread Percentage on such Payment Date is greater than or equal to 5.00%, (ii) 2.00% if the Quarterly Excess Spread Percentage on such Payment Date is less than 5.00% and greater than or equal to 4.50%, (iii) 2.50% if the Quarterly Excess Spread Percentage on such Payment Date is less than 4.50% and greater than or equal to 4.00%, (iv) 3.50% if the Quarterly Excess Spread Percentage on such Payment Date is less than 4.00% and greater than or equal to 3.50%, (v) 4.50% if the Quarterly Excess Spread Percentage on such Payment Date is less than 3.50% and greater than or equal to 3.00%, (vi) 5.50% if the Quarterly Excess Spread Percentage on such Payment Date is less than 3.00% and greater than or equal to 2.50%, (vii) 6.50% if the Quarterly Excess Spread Percentage on such Payment Date is less than 2.50% and greater than or equal to 1.50%, (viii) 7.50% if the Quarterly Excess Spread Percentage on such Payment Date is less than 1.50% and greater than or equal to 0.50% and (ix) 8.50% if the Quarterly Excess Spread Percentage on such Payment Date is less than 0.50%.

  • Class A Percentage means 100% minus the Class B Percentage.

  • Note Percentage means (i) for each Payment Date until the aggregate principal amount of each Class of Notes has been paid in full, 100%; and (ii) thereafter, 0%.

  • Senior Prepayment Percentage For any Distribution Date during the five years beginning on the first Distribution Date, 100%. The Senior Prepayment Percentage for any Distribution Date occurring on or after the fifth anniversary of the first Distribution Date will, except as provided herein, be as follows: for any Distribution Date in the first year thereafter, the Senior Percentage plus 70% of the Subordinated Percentage for such Distribution Date; for any Distribution Date in the second year thereafter, the Senior Percentage plus 60% of the Subordinated Percentage for such Distribution Date; for any Distribution Date in the third year thereafter, the Senior Percentage plus 40% of the Subordinated Percentage for such Distribution Date; for any Distribution Date in the fourth year thereafter, the Senior Percentage plus 20% of the Subordinated Percentage for such Distribution Date; and for any Distribution Date thereafter, the Senior Percentage for such Distribution Date (unless on any Distribution Date the Senior Percentage exceeds the initial Senior Percentage, in which case the Senior Prepayment Percentage for such Distribution Date will once again equal 100%). Notwithstanding the foregoing, no decrease in the Senior Prepayment Percentage will occur unless both of the Senior Step Down Conditions are satisfied.

  • Applicable Prepayment Percentage means, at any time, 75%; provided that, if at any time the Consolidated First Lien Net Leverage Ratio as of the last day of the fiscal year for which the Applicable Prepayment Percentage is calculated (as set forth in an officer’s certificate delivered pursuant to Section 9.01(e) for such fiscal year) is (i) less than or equal to 2.75:1.00 but greater than 2.25:1.00, the Applicable Prepayment Percentage shall instead be 50%, (ii) less than or equal to 2.25:1.00 but greater than 1.75:1.00, the Applicable Prepayment Percentage shall instead be 25% and (iii) less than or equal to 1.75:1.00, the Applicable Prepayment Percentage shall instead be 0%.