Proportionate Allocation Sample Clauses
The Proportionate Allocation clause establishes a method for distributing responsibility, costs, or benefits among parties based on their respective shares or contributions. In practice, this means that if multiple parties are involved in a project or transaction, each party's liability or entitlement is calculated according to their percentage of involvement or fault. For example, if damages occur and several parties are responsible, each will pay only for the portion corresponding to their degree of responsibility. This clause ensures fairness by preventing any one party from bearing more than their fair share, thereby allocating risk and obligations in a balanced manner.
POPULAR SAMPLE Copied 2 times
Proportionate Allocation. Each Collateral Agent will apply all amounts to be distributed pursuant to Section 4 (Application of Monies) in a manner consistent with the terms of this Agreement such that all Secured Parties receive such proportion of such amounts as they would have received had the Disputed Payment not occurred. If any Secured Party fails to pay the amounts required by this Section 8 (Payment Invalidated) within ten (10) Business Days of demand having been made therefor, such Collateral Agent may deduct such amount from any amount payable thereafter to such Secured Party under this Agreement.
Proportionate Allocation. Any election under Section 4.2(a) above shall result in 100% of a Participant’s Deferred Compensation Account Balance being allocated among the Measurement Fund(s) elected by the Participant as if the Participant was making an actual investment in the Measurement Fund(s) equal to the portion of such Participant’s Deferred Compensation Account Balance allocated to such Measurement Fund(s).
Proportionate Allocation. Where the Trustee receives additional rights or securities in respect of Plan Shares under a Company Reconstruction, a takeover or compulsory acquisition, a capitalisation or rights issue or similar offer or invitation, the Trustee shall allocate those rights or securities amongst the Participants concerned on a proportionate basis. If that allocation gives rise to a fraction of a security or of a transferable unit of a security (in this Rule "unit"), the Trustee shall round the allocation down to the next whole unit and aggregate the fractions not allocated. The Trustee shall use its best endeavours to sell any rights or units which are not allocated and distribute the net proceeds of sale (after deducting from them any expenses of sale and any taxation which may be payable in respect of them) proportionately among the Participants whose allocations were rounded down, but so that any sum of less than (pound)3 otherwise distributable to a particular Participant may be retained by the Trustee and used for the purposes of the Plan.
Proportionate Allocation. In case that several shareholders wish to sell shares (under sections 9 and 10 of this Geek Agreement) but the potential acquirer does not wish to buy them all, the shares to be sold will be allocated among the shareholders proportionately.
Proportionate Allocation. For the avoidance of doubt, any action which would require an adjustment to a Share pursuant to this Section 12 shall be made on a pro rata basis.