Payment Percentage definition

Payment Percentage has the meaning assigned to such term in Section 2.21(b).

Payment Percentage has the meaning set forth in Section 2.11(a).

Payment Percentage means the portion, expressed as a percentage, of the Liquidated Value of all Payment Percentage Claims that the Plan Trust is expected to have sufficient assets to pay. The "Payment Percentage" is to be determined and periodically reviewed and modified by the Plan Trustees, with the consent of the Futures Representative and the TAC, pursuant to the TDP. The term "Payment Percentage" shall include the Initial Payment Percentage.

Examples of Payment Percentage in a sentence

• Beginning on the next Rider Anniversary, the Lifetime Payment Percentage can change on each Valuation Date as described above until a Withdrawal is taken in that contract year.

• If You do not select a payment option above, the remaining benefit will be paid as an amount based on the Protected Income Payment Percentage.

• Otherwise, the Lifetime Payment Percentage will equal the Minimum Lifetime Payment Percentage for Your current Age Band.

• Except as noted below, if the Covered Person’s new Attained Age is in a higher Age Band, then the higher Age Band will be used to determine the appropriate Lifetime Payment Percentage.

• If the ALP is not established, the BB on the date of death multiplied by the Lifetime Payment Percentage will be paid annually until total payments to the beneficiary are equal to the PBG.

More Definitions of Payment Percentage

Payment Percentage means the percentage set forth on Schedule F to this Agreement, as updated from time to time in accordance with Section 3.04.

Payment Percentage shall have the meaning ascribed thereto in Section 2 hereof.

Payment Percentage. ’ means the percentage of an Established Scheme Liability that the Scheme Administrators determine from time to time should be paid to Scheme Creditors in accordance with the provisions of the Scheme;

Payment Percentage means each percentage to be applied in the calculation of the Carriageway Availability Payment, the FC Availability Payment, the DR Carriageway Availability Payment and the DRFC Availability Payment as respectively determined in accordance with Parts 2, 3, 4 and 5 of Schedule 9.

Payment Percentage of a PGA means the fraction (expressed as a percentage), the numerator of which is the aggregate liability of such PGA under its Covered Contracts (determined after reasonable application of all exclusions and limitations of the state laws applicable to such PGA), and the denominator of which is the aggregate liability of all PGAs under all Covered Contracts (determined after reasonable application of all exclusions and limitations of the state laws applicable to the respective PGAs).

Payment Percentage. The Payment Percentage shall be [X] percent of the Student's Personal Income.

Payment Percentage means the share or proportion of qualified income a consumer must pay pursuant to the terms of an income share agreement. The payment percentage may also be expressed as a fixed number or a variable or tiered rate.