Borrower’s Pro Rata Share definition

Borrower’s Pro Rata Share means an amount determined based on the pro rata ownership of the equity interests of a Person by Borrower and Borrower’s consolidated subsidiaries.
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Borrower’s Pro Rata Share means the portion of the Deficiency Amount equal to (x) the percentage of the Deficiency Amount represented by (i) the aggregate amount of cash available to Borrower and its Subsidiaries, divided by (ii) the sum of (A) the aggregate amount of cash available to Borrower and its Subsidiaries, plus (B) the aggregate amount of restricted cash available to the Guarantor, plus (C) the aggregate amount of restricted cash of Subsidiaries of the Guarantor (other than Borrower and Subsidiaries of Borrower) times (y) the Deficiency Amount. For the avoidance of doubt, any cash available to Borrower and its Subsidiaries shall be deemed restricted cash for the purposes of this Section 6.5.
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Borrower’s Pro Rata Share means an amount determined based on the pro rata ownership of the equity interests of a Person by Borrower and Borrower's consolidated subsidiaries.
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Examples of Borrower’s Pro Rata Share in a sentence

  • Borrowers agree to maintain books and records accurately reflecting each Borrower’s Pro Rata Share.

  • Each Borrower has expressly assumed the risk that such Borrower’s actual liability may exceed such Borrower’s Pro Rata Share and that overpayments may not actually be reimbursed or indemnified.

  • Administrative Agent on behalf of the Lenders shall have received and approved: (i) consolidated financial statements of General Partner complying with the standards set forth in Section 7.2, and (ii) a statement of Appraised Asset Value dated as of a recent date for the Portfolio Assets, which indicates Borrower’s Pro Rata Share of each Portfolio Asset.

  • There shall remain in force, undischarged, unsatisfied and unstayed, for more than thirty (30) days, whether or not consecutive, any uninsured final judgment against any member of the Combined Group such that together with Borrower’s Pro Rata Share of other outstanding uninsured final judgments, undischarged, unsatisfied and unstayed, against any of such parties equals or exceeds, collectively and without duplication, in the aggregate Ten Million Dollars ($10,000,000.00).

  • When determining the Borrower’s compliance with any financial covenant contained in any of the Loan Documents, only the Borrower’s Pro Rata Share of the financial attributes of a Subsidiary that is not a Wholly Owned Subsidiary shall be included.

  • Borrower’s Pro Rata Share of EBITDA of each Material Joint Venture (From Annex 1): $________ 3.

  • Each Borrower shall pay to the Lenders, the Arrangers and the Administrative Agent such Borrower’s Pro Rata Share of such fees as shall have been separately agreed upon in writing in the amounts and at the times so specified.

  • Each Borrower shall pay directly to the applicable L/C Issuer for its own account such Borrower’s Pro Rata Share of a fronting fee equal to 0.125% of the maximum daily amount available to be drawn under such Letter of Credit, but excluding any portion thereof attributable to Unreimbursed Amounts, on a quarterly basis in arrears.

  • The Borrowers hereby agree, as between themselves, that if any Borrower (herein an “Excess Funding Borrower”) shall make Excess Payments (as defined below), each other Borrower shall, Credit Agreement on demand of such Excess Funding Borrower (but subject to the next sentence), pay to such Excess Funding Borrower an amount equal to such other Borrower’s Pro Rata Share (as defined below) of the Excess Payments (as defined below).

  • The Borrowers hereby agree, as between themselves, that if any Borrower (herein an “Excess Funding Borrower”) shall make Excess Payments (as defined below), each other Borrower shall, on demand of such Excess Funding Borrower (but subject to the next sentence), pay to such Excess Funding Borrower an amount equal to such other Borrower’s Pro Rata Share (as defined below) of the Excess Payments (as defined below).


More Definitions of Borrower’s Pro Rata Share

Borrower’s Pro Rata Share means (a) with respect to the Indebtedness, Interest Expense or EBIDA of any Unconsolidated Subsidiary, the sum of the percentage of Borrower's Direct Economic Ownership plus the percentage of Borrower's Indirect Economic Ownership of such Subsidiary; (b) with respect to any Development Property or Stabilized Property which is directly owned in whole or in part by Borrower, the percentage of the NOI generated by such Property that Borrower is entitled to receive by virtue of its ownership interest; (c) with respect to any Development Property or Stabilized Property which is directly owned in whole or in part by one or more Majority Subsidiaries, the percentage of the NOI generated by such Property that such Subsidiary is entitled to receive by virtue of its ownership interest multiplied by the aggregate percentage of Borrower's Direct Economic Ownership and Borrower's Indirect Economic Ownership of such Subsidiary; (d) with respect to any Property that is directly owned in part by Borrower and in part by one or more Majority Subsidiaries, the sum of clauses (b) and (c) above; and (e) with respect to any other Person or Property, zero percent. In the event that, for the purpose of any of the foregoing calculations, Borrower's Pro Rata Share changes on any date other than the last day of any fiscal quarter, then Borrower's Pro Rata Share with respect to such fiscal quarter shall equal the sum of (i) Borrower's Pro Rata Share at the beginning of such fiscal quarter multiplied by the number of days thereafter until the change in such Pro Rata Share divided by the total number of days in such fiscal quarter; plus (ii) Borrower's new Pro Rata Share multiplied by the number of days after such change until the end of such fiscal quarter divided by the total number of days in such fiscal quarter. In the event that Borrower's Pro Rata Share changes more than once during any given fiscal quarter, Borrower's Pro Rata Share for such fiscal quarter shall be calculated in a similar manner.
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Borrower’s Pro Rata Share means an amount determined based on the pro rata ownership of the equity interests of a Person by Borrower and Borrower’s consolidated subsidiaries. “Capitalization Value” means, at any time, the sum of (1) with respect to Real Property Businesses (other than UJVs), individually determined, the greater of (x) Combined EBITDAfrom such businesses (a) in the case of all Real Property Businesses other than hotels or trade show space, for the most recently ended calendar quarter, annualized (i.e., multiplied by four), and (b) in the case of hotels or trade show space, for the most recently ended four consecutive calendar quarters, in both cases, capitalized at a rate of 6.0% per annum, and (y) the Gross Book Value of such businesses; (2) with respect to Other Investments, which do not have publicly traded shares, the Net Equity Value of such Other Investments; (3) with respect to Real Property UJVs, which do not have publicly traded shares, individually determined, the greater of (x) Combined EBITDA from such Real Property UJVs (a) in the case of all Real Property UJVs other than those owning hotels or trade show space, for the most recently ended calendar quarter, annualized (i.e., multiplied by four), and (b) in the case of Real Property UJVs owning hotels or trade show space, for the most recently ended four consecutive calendar quarters, in both cases, capitalized at the rate of 6.0%, less Borrower’s Pro Rata Share of any Indebtedness attributable to such Real Property UJVs, and (y) the Net Equity Value of such Real Property UJVs (subject to the last sentence of this definition); and (4) without duplication, Borrower’s Pro Rata Share of Unrestricted Cash and Cash Equivalents, the book value of notes and mortgage loans receivable and capitalized development costs (exclusive of tenant improvements and tenant leasing commission costs), and the fair market value of publicly traded securities, at such time, all as determined inaccordance with GAAP. For clarity, the parties acknowledge and agree that the calculations pursuant to clause (1)(x) and (y) and clause (3)(x) and (y) above in this definition are intended to be made on a Real-Property-Asset-by-Real-Property-Asset basis. For the purposes of this definition, (1) for any Disposition of Real Property Assets by a Real Property Business during any calendar quarter, Combined EBITDA will be reduced by actual Combined EBITDA generated from such asset or assets, (2) the aggregate contribution to Capitalization Valu...
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Borrower’s Pro Rata Share means 30%, except that with respect to any re-tenanting of the premises under the Ford Lease following expiration or earlier termination thereof, Borrower’s Pro Rata Share shall be 53.5%.”
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Borrower’s Pro Rata Share means an amount determined based on the pro rata ownership of the equity interests of a person by the Borrower and the Borrower’s consolidated subsidiaries.
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Borrower’s Pro Rata Share means 30%.
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Related to Borrower’s Pro Rata Share

  • Ratable Share means, for any Guarantor in respect of any payment of Obligations, the ratio (expressed as a percentage) as of the date of such payment of Obligations of (i) the amount by which the aggregate present fair salable value of all of its assets and properties exceeds the amount of all debts and liabilities of such Guarantor (including contingent, subordinated, unmatured, and unliquidated liabilities, but excluding the obligations of such Guarantor hereunder) to (ii) the amount by which the aggregate present fair salable value of all assets and other properties of all of the Loan Parties exceeds the amount of all of the debts and liabilities (including contingent, subordinated, unmatured, and unliquidated liabilities, but excluding the obligations of the Loan Parties hereunder) of the Loan Parties; provided, however, that, for purposes of calculating the Ratable Shares of the Guarantors in respect of any payment of Obligations, any Guarantor that became a Guarantor subsequent to the date of any such payment shall be deemed to have been a Guarantor on the date of such payment and the financial information for such Guarantor as of the date such Guarantor became a Guarantor shall be utilized for such Guarantor in connection with such payment; and (c) “Contribution Share” shall mean, for any Guarantor in respect of any Excess Payment made by any other Guarantor, the ratio (expressed as a percentage) as of the date of such Excess Payment of (i) the amount by which the aggregate present fair salable value of all of its assets and properties exceeds the amount of all debts and liabilities of such Guarantor (including contingent, subordinated, unmatured, and unliquidated liabilities, but excluding the obligations of such Guarantor hereunder) to (ii) the amount by which the aggregate present fair salable value of all assets and other properties of the Loan Parties other than the maker of such Excess Payment exceeds the amount of all of the debts and liabilities (including contingent, subordinated, unmatured, and unliquidated liabilities, but excluding the obligations of the Loan Parties) of the Loan Parties other than the maker of such Excess Payment; provided, however, that, for purposes of calculating the Contribution Shares of the Guarantors in respect of any Excess Payment, any Guarantor that became a Guarantor subsequent to the date of any such Excess Payment shall be deemed to have been a Guarantor on the date of such Excess Payment and the financial information for such Guarantor as of the date such Guarantor became a Guarantor shall be utilized for such Guarantor in connection with such Excess Payment. This Section 10.06 shall not be deemed to affect any right of subrogation, indemnity, reimbursement or contribution that any Guarantor may have under Law against the Borrower in respect of any payment of Obligations.

  • Pro Rata Share As to any Distribution Date, the Subordinated Principal Distribution Amount and any Class of Subordinated Certificates, the portion of the Subordinated Principal Distribution Amount allocable to such Class, equal to the product of the Subordinated Principal Distribution Amount on such Distribution Date and a fraction, the numerator of which is the related Class Certificate Balance thereof and the denominator of which is the aggregate of the Class Certificate Balances of the Subordinated Certificates.

  • Applicable Revolving Credit Percentage means with respect to any Revolving Credit Lender at any time, such Revolving Credit Lender’s Applicable Percentage in respect of the Revolving Credit Facility at such time.

  • Commitment Percentage is set forth in Schedule 1.1, as amended from time to time.

  • Letter of Credit Liabilities means, at any time and in respect of all Letters of Credit, the sum of (a) the aggregate amount available to be drawn under all such Letters of Credit plus (b) the aggregate unpaid amount of all Reimbursement Obligations then due and payable in respect of previous drawings under such Letters of Credit.

  • Revolver Percentage means, for each Lender, the percentage of the Revolving Credit Commitments represented by such Lender’s Revolving Credit Commitment or, if the Revolving Credit Commitments have been terminated, the percentage held by such Lender (including through participation interests in Reimbursement Obligations) of the aggregate principal amount of all Revolving Loans and L/C Obligations then outstanding.

  • Appropriate Lender means, at any time, (a) with respect to Loans of any Class, the Lenders of such Class, (b) with respect to Letters of Credit, (i) the relevant L/C Issuer and (ii) the Revolving Credit Lenders and (c) with respect to the Swing Line Facility, (i) the Swing Line Lender and (ii) if any Swing Line Loans are outstanding pursuant to Section 2.04(a), the Revolving Credit Lenders.

  • Applicable Facility Fee means the percentage set forth in the table below corresponding to the Level at which the “Applicable Margin” is determined in accordance with the definition thereof: Level Facility Fee 2 0.125% 3 0.150% 4 0.200% 5 0.250%

  • Revolving Loan Commitment Percentage means, as to any Lender, (a) on the Closing Date, the percentage set forth opposite such Lender’s name on the Commitment Annex under the column “Revolving Loan Commitment Percentage” (if such Lender’s name is not so set forth thereon, then, on the Closing Date, such percentage for such Lender shall be deemed to be zero), and (b) on any date following the Closing Date, the percentage equal to the Revolving Loan Commitment Amount of such Lender on such date divided by the Revolving Loan Commitment on such date.

  • Revolving Facility Usage means at any time the sum of the outstanding Revolving Credit Loans, the outstanding Swing Loans, and the Letter of Credit Obligations.

  • Committed Lenders means, for any Lender Group, the Persons executing this Agreement in the capacity of a “Committed Lender” for such Lender Group (or an assignment hereof) in accordance with the terms of this Agreement.

  • Letter of Credit Liability means the sum of (x) aggregate amount of the undrawn stated amount of all outstanding Letters of Credit plus (y) the amount drawn under Letters of Credit for which the Letter of Credit Issuer and the Lenders, or any one or more of them, have not yet received payment or reimbursement (in the form of a conversion of such liability to Loans, or otherwise) as required pursuant to Section 2.8.

  • Incremental Revolving Lender means a Lender with an Incremental Revolving Commitment.

  • Existing Lenders has the meaning specified in the recitals hereto.

  • Lenders shall include each Agent in its individual capacity.

  • Applicable Percentage means, with respect to any Lender, the percentage of the total Commitments represented by such Lender’s Commitment. If the Commitments have terminated or expired, the Applicable Percentages shall be determined based upon the Commitments most recently in effect, giving effect to any assignments.