29/08/16 The Use of “Percentages’
Some drafters use 100% when it would be simpler to use all or some other alternative.
The Guarantor proposed to distribute to its shareholders
100% of the
… an Issuing Bank will not be required to issue, amend, or increase any Letter of Credit unless it is satisfied that the related exposure will be
Similarly, simplicity favors using half rather than 50%, as in “
50% [read half] of the shares” and “ 50% [read half] of the members of the Company’s board of directors.”