Define: Applicable Percentage

What does "Applicable Percentage" mean? The meaning differs based on the contract. We found 3 definitions across 3 companies in SEC filings.

Definition 1 (Tesla, Inc., seen in 1 filing)

Applicable Percentage means with respect to any Lender, the percentage of the total Commitments represented by such Lender's Commitment; provided that in the case of Section 2.20 when a Defaulting Lender shall exist, "Applicable Percentage" shall mean the percentage of the total Commitments (disregarding any Defaulting Lender's Commitment) represented by such Lender's Commitment under the Facility. If the Commitments have terminated or expired, the Applicable Percentages shall be determined based upon the Commitments most recently in effect, giving effect to any assignments and to any Lender's status as a Defaulting Lender at the time of determination.

Source: Tesla, Inc. 10-K

Definition 2 (Salesforce, Inc., seen in 1 filing)

Applicable Percentage means the percentage determined based on the Company's TSR Percentile Rank within the Index Group, used to calculate the number of Eligible PRSUs.

Source: Salesforce, Inc. 10-K

Definition 3 (EXELON CORP, seen in 1 filing)

Applicable Percentage means with respect to any Lender, the percentage of the total Loans represented by such Lender s Loans; provided that, in the case of Section 2.20 when a Defaulting Lender shall exist, Applicable Percentage shall mean the percentage of the total Loans (disregarding any Defaulting Lender s Loans) represented by such Lender s Loans.

Source: EXELON CORP 10-K

Data extracted from 3 SEC EDGAR filings across 3 companies. Source: Material contracts (Exhibit 10) filed under Regulation S-K.

This page presents definitions found in actual SEC filings for informational purposes. The specific definition appropriate for your contract may vary based on jurisdiction, industry, and specific circumstances. Consult with a qualified attorney for legal advice.

Occurrences: 3
Companies: 3
Keywords:
Applicable Percentagedefinitioncontract languagelegal termSEC filing

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