Pro rata sharing clause

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August undefined, 2024

WebbPro Rata Share" means, with respect to each Participation Rights Holder, the ratio of the following numbers calculated immediately prior to the issuance of the New Securities … WebbPro Rata [Latin, Proportionately.] A phrase that describes a division made according to a certain rate, percentage, or share. In a Bankruptcy case, when the debtor is insolvent, creditors generally agree to accept a pro rata share of what is owed to them.

Pro rata clause Definition & Meaning Merriam-Webster Legal

Webb15 maj 2024 · The formulation of pro rata sharing provisions first became an area of focus in the 90s in the context of sponsors trying to capture trading discounts by making … WebbPro Rata Shares All Loans shall be made, and all participations purchased, by Lenders simultaneously and proportionately to their respective Pro Rata Shares, it being … santander and lending club

Credit Funds: Pro Rata Sharing Provisions - Lexology

WebbA pro rata clause is a clause in an insurance policy which states that each insurer providing coverage for an asset will pay out claims for that asset in proportion to the coverage … Webb8 okt. 2024 · If any shareholder fails to subscribe for all or part of its pro-rata proportion of cash call shares by the deadline specified, then the other shareholder(s) can acquire those remaining shares. Webb28 mars 2024 · A pro rata liability clause is a stipulation in an insurance policy that obliges the insurance company to cover only a percentage of a loss if the insured has other policies from other companies covering the same risk. After the insurer covers that percentage, the other companies pay for the rest. Advertisement shortridge hall northumberland

Unhappy Lenders Challenge Aggressive Debt Exchanges

Pro Rata - Definition, Uses, and Practical Example

WebbSample 1. Pro-rata Indemnification. From and after the Closing, and subject to the limitations set forth herein, each Seller shall indemnify the Buyer Indemnified Persons for such Seller ’s Pro Rata Share of all Losses incurred or sustained by, or imposed upon, such Buyer Indemnified Person resulting from: Sample 1. Webb19 jan. 2024 · A group of nonparticipating lenders sought a preliminary injunction in state court to block the transaction, arguing, in part, that the proposed transaction … shortridge funeral home oakwood vaWebbPro Rata Fee. If you pay by direct debit and your Start Date begins after the first day of the. Sample 1. Pro Rata Fee. If the Subadviser should serve for less than the whole of any calendar quarter, its compensation shall be determined as provided above on the basis of the ending market value of the Account in the month in which the termination. santander altrincham opening times

"WebbA pro-rata clause: an insurer usually pays its loss’s share in the proportion its policy limits relates to the aggregate coverage available under all applicable insurance policies; 2. An excess clause: an insurer pays a loss only after other primary insurance is exhausted; 3. " - Pro rata sharing clause

Pro rata sharing clause

Setoff; Pro Rata Sharing Sample Clauses Law Insider

WebbPro Rata Sharing. Any sums obtained from the Borrower by any Lender by reason of the exercise of its rights of set -off, banker 's lien or in collection shall be shared ( net of costs ) pro rata among the Lenders on the basis of the principal amount of Loans . COMMITMENTS AND PRO RATA SHARES. Subsidiaries. Part (b). Other Equity … Tenant’s Pro Rata Share. For the period commencing with the 9th Floor … Related to Set Off and Pro Rata Sharing. Set Off; Mitigation The Company’s obligation … Pro Rata Payments. Payments to the Holders shall be pro rata with other … Related to AS LENDER. LENDER The term “Lender” shall mean the holder of any … Loans Outstanding. Notwithstanding the foregoing provisions of this Section, a … Related to Rights of Set. Rights of Set-Off Buyer shall have the following rights of … Related to Amount Owed. Amount of Fee Prior to the beginning of each contract … Webb13 mars 2024 · Pro rata is a Latin term – meaning “in proportion” – that is used to assign or allocate value in proportion to something that can accurately and definitively be …

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WebbSample 1. PRO-RATA CLAUSE. All benefits of this Agreement shall, unless otherwise specified, accrue on a pro rata basis to all employees. Except in the case of prolonged … Webb22 juni 2024 · Pro rata is another Latin term that means "in proportion." Usually, this term is used in situations where two parties have an unequal stake in a business or enterprise. If Party A has an 80%...

WebbTenant's Pro Rata Share of Operating Expenses. Initially .9038%, subject to adjustment in accordance with Sections 1.4 (h) and 11.20. Sample 1. Tenant's Pro Rata Share of Operating Expenses. In addition to any other sums due from Tenant under this Lease, Tenant shall pay to Landlord, as additional rent, in the manner and at the times set forth ... WebbA sharing clause aims to: (a) prohibit the borrower from discriminating against the lenders by making payments to only some and not all the lenders; and (b) discourage a …

Webb13 sep. 2024 · Course Hero, once an edtech unicorn valued at $3.6 billion, conducts layoffs. Natasha Mascarenhas. 12:48 PM PDT • March 16, 2024. Course Hero, a tutoring … Webb13 sep. 2024 · Course Hero, once an edtech unicorn valued at $3.6 billion, conducts layoffs. Natasha Mascarenhas. 12:48 PM PDT • March 16, 2024. Course Hero, a tutoring business last valued by investors at $3. ...

Webb15 maj 2024 · At the other end of the scale, some pro rata sharing provisions only apply to payments that are “due and payable,” or to payments resulting from enforcement actions against collateral. This...

WebbSample 1. Pro Rata Rights. (a) The Company hereby grants to Purchaser the right of first refusal to purchase its Pro Rata Share of New Securities (as defined below) which the … santander alton opening hoursWebbPro Rata Payment. All payments owed to the Holders of the Notes (whether for principal, interest, or otherwise) shall be made pro rata among such Holders based upon the … shortridge hall for saleWebbPro Rata Meaning “Pro rata” refers to a fair and equitable method of distributing something. The term is derived from Latin, and it means “in proportion” or … santander app download amazon fireWebb19 sep. 2024 · Following the conversion or repayment in full of the outstanding amount under your Note, your “pro rata share” shall mean the ratio of the number of shares of capital stock of the Company then held by you (calculated on an as-converted to Common Stock basis) to the number of fully diluted shares immediately prior to the issuance of … santander antecipar fgtsWebb29 feb. 2016 · In most cases, a Tenant’s Pro Rata Share is determined by the following fraction: Some leases will clearly state the square footage of the denominator. This will make the tenant’s Pro Rata Share easy to calculate and verify. Other leases may simply state a percentage amount. santander annual report 2022 shortridge hdm 250 manualWebbProrata Sharing. Except to the extent otherwise provided herein (i) each payment or prepayment of principal of the Loans shall be distributed by the Administrative Agent pro … shortridge holdings