Definition of Pro Rata Share Sample Clauses

Definition of Pro Rata Share. The definition of the term "Pro Rata Share" appearing in Section 1.82 of the Credit Agreement is amended in its entirety to read as follows:
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Definition of Pro Rata Share. For purposes of this Agreement, the Pro Rata Share of any Operating Expenses, property taxes and debt service on the 2005 Bonds (for all purposes of this Agreement, the phrases “debt service” and “debt service on the 2005 Bonds” shall mean and include all scheduled installments of the principal of, redemption premium, if any, and interest on the 2005 Bonds) payable by the City or the County shall be determined by dividing the aggregate amount of New City-County Building and Hall of Justice square footage allotted to each by the sum of the New City-County Building and Hall of Justice square footage allotted to both of them and applying the resulting percentages to the total of such expenses, debt service, and taxes. The Commission shall credit towards the Pro Rata Share of Operating Expenses, property taxes and debt service on the 2005 Bonds due from the City and the County any amount received from any other tenant of the New Facilities for such Operating Expenses, taxes, and debt service payments.
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Definition of Pro Rata Share. As used herein, the term "Pro Rata Share" shall mean, with respect to any Damages and any particular Junior Stockholder, an amount determined by the Stockholder Representative in accordance with the Stockholders Agreement as being the amount of such Damages required to be paid by such Junior Stockholder so that subsequent to such Junior Stockholder's payment, the net portion of the aggregate Merger Consideration received by such Junior Stockholder pursuant to the Merger Agreement is equal to the amount that such Junior Stockholder would have received if the Company had paid such Damages on the Closing Date and the aggregate Merger Consideration received by all Junior Stockholders in the Merger, net of all such Damages, had been paid in accordance with Article II of the Merger Agreement.
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Definition of Pro Rata Share. Lessee’s Pro Rata Share of estimated and actual Building Operating Expenses is specified in Basic Lease Summary #4.
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Definition of Pro Rata Share. The term "Pro Rata Share" means, with respect to the Guarantors, the total amount, as the same may change from time to time, that all of the Guarantors have paid under the Guarantees, multiplied by the Applicable Percentage. In determining the total amount that all parties have paid under the Guarantees, only amounts actually paid shall be counted. Amounts reduced to a monetary judgment, but not yet paid, shall not be counted. If a party delivers property to the Bank in partial or complete satisfaction of their Guarantees, or if the Bank forecloses or otherwise seizes any property of a party, the amount of Xxxxxx indebtedness discharged as a result of such property transferred shall be counted. Any amounts received by a Guarantor under Section 3 below shall be deducted in computing the amount the Guarantor has paid under their Guarantees.
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Definition of Pro Rata Share. Lessee's pro rata share of estimated and actual building operating expenses is the percentage result of dividing "Lessee's rentable area" (which is set forth in paragraph 1.4) by the total rentable area in the entire building.
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Definition of Pro Rata Share. For purposes of the Sellers’ indemnification obligations in Section 7.2 and Article 8 (other than with respect to HPM and ENM), a Seller’s “Pro Rata Share” of any indemnification obligation shall be set forth on Schedule 7.7. The Pro Rata Share of each ENM Shareholder with respect to obligations under Section 2.6, Section 3.10 or Article 8 arising out of ENM shall be pro rata to such ENM Shareholder’s ownership of ENM and the Pro Rata Share of each Heritage entity with respect to obligations under Section 2.5, Section 3.10 or Article 8 arising out of HPM shall be pro rata to such Heritage entity’s ownership of HPM.
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Definition of Pro Rata Share. For purposes of this Agreement, the Pro Rata Share of any Operating Expenses, Property Taxes or debt service on the 2005 Bonds or the 2010 Bonds payable by the City or the County shall be determined by dividing the amount of square footage occupied by each entity by the sum of the square footage occupied by both entities and applying the resulting percentages to the total of such expenses or taxes. The Commission shall credit towards the Pro Rata Share of Operating Expenses, Property Taxes and debt service on the 2005 Bonds and the 2010 Bonds due from the City and the County any amount received from any other occupant of the Facilities or the Project for such Operating Expenses, Property Taxes or debt service payments on the 2005 Bonds and the 2010 Bonds.
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Definition of Pro Rata Share. Section 1.31 of the Investors’ Rights Agreement is hereby amended and restated in its entirety as follows:
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Related to Definition of Pro Rata Share

  • Reallocation of Pro Rata Share to Reduce Fronting Exposure During any period in which any Revolving Credit Lender is a Defaulting Lender, for purposes of computing the amount of the obligation of each Revolving Credit Lender that is a Non-Defaulting Lender to acquire, refinance or fund participations in Letters of Credit or Swing Line Loans pursuant to Section 2.03, the “Pro Rata Share” of each Non-Defaulting Lender’s Revolving Credit Loans and L/C Obligations shall be computed without giving effect to the Revolving Credit Commitment of that Defaulting Lender; provided that (i) each such reallocation shall be given effect only if, at the date the applicable Revolving Credit Lender becomes a Defaulting Lender, no Default or Event of Default has occurred and is continuing; and (ii) the aggregate obligation of each Non-Defaulting Lender to acquire, refinance or fund participations in Letters of Credit and Swing Line Loans shall not exceed the positive difference, if any, of (1) the Revolving Credit Commitment of that Non-Defaulting Lender minus (2) the aggregate Outstanding Amount of the Revolving Credit Loans of that Non-Defaulting Lender. No reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that Lender having become a Defaulting Lender, including any claim of a Non-Defaulting Lender as a result of such Non-Defaulting Lender’s increased exposure following such reallocation. If the allocation described in this clause (iv) cannot, or can only partially, be effected, the Borrower shall, without prejudice to any right or remedy available to it hereunder or under law, (x) first, prepay Swing Line Loans in an amount equal to the Swing Line Lenders’ Fronting Exposure and (y) second, Cash Collateralize the L/C Issuers’ Fronting Exposure in accordance with the procedures satisfactory to such L/C Issuer (in its sole discretion).

  • Availability of Lender's Pro Rata Share Agent may assume that each Revolving Lender will make its Pro Rata Share of each Revolving Credit Advance available to Agent on each funding date. If such Pro Rata Share is not, in fact, paid to Agent by such Revolving Lender when due, Agent will be entitled to recover such amount on demand from such Revolving Lender without setoff, counterclaim or deduction of any kind. If any Revolving Lender fails to pay the amount of its Pro Rata Share forthwith upon Agent’s demand, Agent shall promptly notify Borrower Representative and Borrowers shall immediately repay such amount to Agent. Nothing in this Section 9.9(b) or elsewhere in this Agreement or the other Loan Documents shall be deemed to require Agent to advance funds on behalf of any Revolving Lender or to relieve any Revolving Lender from its obligation to fulfill its Commitments hereunder or to prejudice any rights that Borrowers may have against any Revolving Lender as a result of any default by such Revolving Lender hereunder. To the extent that Agent advances funds to any Borrower on behalf of any Revolving Lender and is not reimbursed therefor on the same Business Day as such Advance is made, Agent shall be entitled to retain for its account all interest accrued on such Advance until reimbursed by the applicable Revolving Lender.

  • Reallocation of Pro Rata Share; Amendments For purposes of determining Lenders’ obligations to fund or participate in Loans or Letters of Credit, Agent may exclude the Commitments and Loans of any Defaulting Lender(s) from the calculation of Pro Rata shares. A Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Loan Document, except as provided in Section 14.1.1(c).

  • Basic Lease Provisions and Definitions In addition to other terms elsewhere defined in this Lease, the following terms whenever used in this Lease should have only the meanings set forth in this section, unless such meanings are expressly modified, limited or expanded elsewhere herein.

  • Definitions and Usage Except as otherwise specified herein or as the context may otherwise require, capitalized terms used but not otherwise defined herein are defined in Appendix A hereto, which also contains rules as to usage that shall be applicable herein.

  • Pro Rata Shares All Loans shall be made, and all participations purchased, by Lenders simultaneously and proportionately to their respective Pro Rata Shares, it being understood that no Lender shall be responsible for any default by any other Lender in such other Lender’s obligation to make a Loan requested hereunder or purchase a participation required hereby nor shall any Term Loan Commitment or any Revolving Commitment of any Lender be increased or decreased as a result of a default by any other Lender in such other Lender’s obligation to make a Loan requested hereunder or purchase a participation required hereby.

  • Tenant’s Pro Rata Share For the period commencing with the Expansion Effective Date and ending on the Termination Date, Tenant’s Pro Rata Share for the Expansion Space is one point one five percent (1.15%).

  • Pro Rata Share A Participation Rights Holder’s “Pro Rata Share” for purposes of the Right of Participation is the ratio of (a) the number of Ordinary Shares (calculated on a fully-diluted and as-converted basis) held by such Participation Rights Holder, to (b) the total number of Ordinary Shares (calculated on a fully-diluted and as-converted basis) then outstanding immediately prior to the issuance of New Securities giving rise to the Right of Participation.

  • Adjustments to Required Subordinated Percentages and Amount (a) On any date, the Issuer may, at the direction of the Beneficiary, change the Required Subordinated Percentage of Class B Notes, the Required Subordinated Percentage of Class C Notes or the Required Subordinated Percentage of Class D Notes, in each case for the Class A(2019-2) Notes, without the consent of any Noteholders; provided that the Issuer has received written confirmation from each applicable Note Rating Agency that the change in such percentage will not result in a Ratings Effect for any Tranche of Outstanding DiscoverSeries Notes.

  • Interest Rates and Letter of Credit Fee Rates Payments and Calculations Interest Rates. (I) Except as provided in Section 2.6(c), all Obligations (except for undrawn Letters of Credit and Term Obligations) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest on the Daily Balance thereof (from the date of incurrence through but excluding the date of repayment or prepayment (whether by acceleration or otherwise)) as follows: if the relevant Obligation is a LIBOR Rate Loan denominated in Dollars, at a per annum rate equal to the LIBOR Rate plus the Applicable Margin for LIBOR Rate Loans, if the relevant Obligation is a LIBOR Rate Loan denominated in Euros, at a per annum rate equal to the LIBOR Rate plus the Applicable Margin for LIBOR Rate Loans, if the relevant Obligation is a Swingline Loan, a per annum rate equal to the overnight LIBO Rate plus its Applicable Margin for Overnight LIBO Loans, and otherwise in respect of Revolver Obligations, at a per annum rate equal to the Base Rate plus the Applicable Margin for Base Rate Loans.

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