Adjusted Pro Rata Share definition

Adjusted Pro Rata Share means, (i) with respect to each Liquidity Bank and each Institutional Lender that is a Non-Defaulting Lender, (x) with respect to the determination of Advances, the Pro Rata Share with respect to each Liquidity Bank and each Institutional Lender determined when assessing a value of zero to the “Undrawn Amount” of all Defaulting Lenders in the calculation thereunder, and (y) with respect to the allocation of Collections on any Payment Date or otherwise in connection with any distribution hereunder, the Pro Rata Share with respect to each Liquidity Bank and each Institutional Lender determined when assessing a value of zero to the “Advances Outstanding” of all Defaulting Lenders in the calculation thereunder, and (ii) with respect to each Defaulting Lender, 0%.

Adjusted Pro Rata Share means, for each Committed Investor, the Commitment of such Committed Investor within a given Investor Group divided by the sum of the Commitments of all of the Committed Investors in such Investor Group, adjusted as necessary to give effect to any assignments pursuant to Section 12.1(b).

Adjusted Pro Rata Share means, with respect to any Lender, the percentage obtained by dividing (i) the Revolving Loan Exposure of that Lender by (ii) the aggregate Revolving Loan Exposure of all Lenders other than Daily Funding Lender.

Examples of Adjusted Pro Rata Share in a sentence

• For example, if only one Waiving Investor is permitted to purchase any New Securities and it is permitted to purchase 50% of its Pro Rata Share of the New Securities, each Investor’s Adjusted Pro Rata Share shall be 50% of its Pro Rata Share.

• Provided, however, in the event a participating shareholder chooses not to sell his entire Pro Rata Share, the other participating shareholders shall have the right to sell their Adjusted Pro Rata Share of the shares of Common Stock which the participating shareholder does not choose to sell.

• The Adjusted Pro Rata Share shall be calculated by the Grantor and shall be conclusive absent manifest error.

• For another example, if one Waiving Investor is permitted to purchase 60% of its Pro Rata Share and another Waiving Investor is permitted to purchase 110% of its Pro Rata Share, each Investor’s Adjusted Pro Rata Share shall be 110% of its Pro Rata Share.

• Subject to Section 2.15, except as otherwise expressly provided herein, Administrative Agent will promptly distribute to each Lender its Pro Rata Share (or after the occurrence of a Sharing Event, its Adjusted Pro Rata Share) of such payment in like funds as received.

More Definitions of Adjusted Pro Rata Share

Adjusted Pro Rata Share shall have the meaning ascribed to it in the Intercreditor Agreement.

Adjusted Pro Rata Share means, with respect to any LC Participant at any time, a fraction, expressed as a percentage, (a) the numerator of which is LC Funding Exposure of such LC Participant, and (b) the denominator of which is the Adjusted LC Participation Amount.

Adjusted Pro Rata Share means a fraction, the numerator of which is the number of Fully-Diluted Shares held by a shareholder participating in a Subject Sale, and the denominator of which is the total number of Fully-Diluted Shares held by all shareholders participating in a Subject Sale, excluding the number of Fully-Diluted Shares held by each of the participating shareholders who elect not to sell their entire Pro Rata Share in a Subject Sale.

Adjusted Pro Rata Share means, for each Financial Institution, the Back-up Commitment of such Financial Institution within a given Purchase Group divided by the sum of the Back-up Commitments of each Financial Institution in such Purchase Group, adjusted as necessary to give effect to any assignments pursuant to Section 12.1(b) and to the termination of the Back-up Commitment of any Terminating Financial Institution in such Purchase Group.

Adjusted Pro Rata Share means for any Lender at any time the ----------------------- proportion (expressed as a decimal, rounded to the ninth decimal place) which such Lender's Commitment constitutes of the combined Commitments (or, after the Commitments have terminated, which (i) the principal amount of such Lender's Loans constitutes of (ii) the aggregate principal amount of all Loans).

Adjusted Pro Rata Share as defined in the Intercreditor Agreement, if any.

Adjusted Pro Rata Share means, with respect to any given Funding Lender and any given request for a Supplemental Revolving Loan, a fraction whose numerator is such Lender's Pro Rata Share and whose denominator is the sum of the Pro Rata Shares of all Funding Lenders for such Supplemental Revolving Loan.