Pro Rata Basis. For purposes of this Agreement, vesting on a “Pro-Rata Basis” shall mean vesting in an amount equal to a fraction not to exceed one (1), the numerator of which is the number of days the Executive was employed by the Company from the grant date for such award to the Termination Date, and the denominator of which is the number of total days from the grant date to the date that otherwise would have resulted in full vesting of the award.
Pro Rata Basis. All payments of principal, interest and fees to the Lenders, unless otherwise expressly stipulated, shall be made for the account of, and distributed by the Administrative Agent to, the Lenders pro rata on the basis of the amounts respectively owed to them as (as applicable) principal, interest or fees under the relevant Credit Facility.
Pro Rata Basis. For purposes of this Agreement, vesting on a “Pro-Rata Basis” shall mean vesting in an amount equal to a fraction not to exceed one (1), the numerator of which is the number of days the Executive was employed by the Company from the grant date for such award (or in the case of an Equity Award or a portion thereof subject to a performance period, the beginning of the performance period for such award) to the Termination Date, and the denominator of which is the number of total days from the grant date to the date that otherwise would have resulted in full vesting of the award (or in the case of an Equity Award or portion thereof subject to a performance period, the number of total days in the performance period for such award).
Pro Rata Basis. To the extent this Lease may commence, terminate or expire on a day other than the first day of any calendar quarter, the Rent shall be pro rated to the actual number of calendar days the Lease is in effect, and shall be subject to any obligation of PREA to refund amounts of rents and contributions toward Operating Expenses collected from Tenants that must be returned pursuant to their lease agreements.
Pro Rata Basis. In connection with an allocation or distribution, an allocation or distribution in proportion to the respective Percentage Interests of the class of Partners to which reference is made.
Pro Rata Basis. In connection with an allocation or distribution, an allocation or distribution in proportion to the respective Percentage Interests of the class of Partners to which reference is made. Prostatron(R). The Prostatron(R) microwave thermotherapy device manufactured by EDAP Technomed and to be utilized by the Partnership for the treatment of the symptoms of BPH.
Pro Rata Basis. In connection with an allocation or distribution, an allocation or distribution in proportion to the respective Percentage Interests of the class of Partners to which reference is made. Sales Agency Agreement. The sales agency agreement through which MedTech Investments, Inc., an Affiliate of the General Partner and a broker-dealer company registered with the Securities and Exchange commission and a member of the National Association of Securities Dealers, Inc. shall offer and sell the limited partnership interest of the Partnership pursuant to the Memorandum. Sales Commission. The $100 sales commission paid to MedTech Investments, Inc. for each Unit sold.
Pro Rata Basis. The parties hereto agree that Agent may take any and all action as may be reasonably necessary to ensure that all Incremental Revolving Facility Loans, when originally made, are included in each Borrowing of outstanding Revolving Facility Loans on a pro rata basis. Borrowers agree that Section 3.05 shall apply to any conversion of Eurodollar Rate Loans to Base Rate Loans reasonably required by Agent to effect the foregoing.
Pro Rata Basis. All payments of principal, interest and fees herein set forth, unless otherwise expressly stipulated, shall be made for the account of, and distributed by the Administrative Agent to, the relevant Lenders pro rata on the basis of their respective Commitments; provided that, in the event that certain Lenders have received payment of interest as accrued up to a certain date, and other Lenders have only received payment as accrued up to an earlier date, any amounts required to be applied to interest hereunder shall first be paid to such other Lenders, until all Lenders have received payment of interest as accrued up to the same date, and thenceforth to all Lenders as otherwise required by this agreement.
Pro Rata Basis. “Pro Rata Basis” shall mean with respect to each Selling Party, the quotient obtained by dividing (i) the sum of (1) the number of Shares and (2) the number of Shares issuable upon the exercise of Options, in the case of each of clauses (1) and (2), held by such Selling Party immediately prior to the Closing, by (ii) the Full Dilution Number.
