Allocable Shares definition

Allocable Shares has the meaning set forth in Section 3.2(a).

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Allocable Shares shall have the meaning set forth in Section 8 of this Agreement.

Allocable Shares means notional shares of Common Stock allocable among Eligible Policyholders in the Reorganization.

Examples of Allocable Shares in a sentence

The Parties undertake to use reasonable best efforts to enter into a reasonably satisfactory escrow agreement in the event that an Escrow Account is required, which shall include instructions regarding the payment of the Allocable Shares from the Escrow Account to the Covered Trusts by the Trustee.
Under no circumstances shall Bank of America or Countrywide have any liability to the Trustee, the Investors, the Covered Trusts, or any other Person in connection with such determination, administration, or distribution (including distribution within each Covered Trust) of the Allocable Shares, including under any indemnification obligation provided for in any Governing Agreement (including as clarified by the side-letter attached as Exhibit C to this Settlement Agreement).
Each remaining payment pursuant to this subsection (c) shall be disbursed by the Escrow Agent to the Foundation only when State-Specific Finality has occurred in Settling States having aggregate Allocable Shares equal to at least 80% of the total aggregate Allocable Shares assigned to all States that were Settling States as of the MSA Execution Date.
In the event that the monthly amount is less than the sum of Eligible Counsel's Unpaid Fees, the monthly amount shall be allocated to Eligible Counsel in proportion to the amounts of their respective Unpaid Fees (the amount so allocated to each Eligible Counsel for a given month being such counsel's Allocable Share for such month, and the sum of each Private Counsel's Allocable Shares for each month being such counsel's Allocable Share for 1998).
The Settlement consideration shall consist of (i) a cash payment of FOUR BILLION, FIVE HUNDRED MILLION and no/100 dollars (the “Gross Settlement Amount”), reduced by the sum of the Allocable Shares for all Non-Settling Trusts (the “Settlement Payment”), plus (ii) the value of JPMorgan’s agreement to the Subservicing Protocol.

More Definitions of Allocable Shares

Allocable Shares means, subject to Section 11.1(h), 50,000,000 shares of Common Stock, to be allocated as described in Article X.

Allocable Shares means, for purposes of apportioning responsibility for costs, the ratio of the number of Lessee Fibers in a relevant Segment to the total number of Fibers in the same Segment. For example, if Lessee's interest in the relevant Segment is [*] Indicates confidential treatment requested. two (2) strands of fiber and there are a total of one hundred (100) strands of fiber in the relevant Segment, Lessee's Allocable Share is two (2) of one hundred (100) or two percent (2%).

Allocable Shares. ’ means notional shares of Common Stock allocable among Eligible Policyholders in the Reorganization.

Allocable Shares means 300 million shares of Common Stock, to be allocated as described in Article VII, subject to Section 9.6.

Allocable Shares has the meaning set forth in SECTION 3.2(a).

Allocable Shares means 64,000,000 (sixty four million) shares of Common Stock as the same may be adjusted pursuant to Section 13.1 or Section 7.1(e).

Allocable Shares among the Selling Holder and the Other Holders giving timely Tag-Along Notices as follows (it being understood that the prospective Transferees shall be required to purchase Securities of the same class on the same terms and conditions taking into account the provisions of clause (1) of the first paragraph of this Section 3.2(a), and to consummate such Transfer on those terms and conditions):