Pro Rata Assets definition
Pro Rata Assets means those assets of the Partnership, including without limitation those Beneficial Assets and Subsidiary Beneficial Assets, that are readily divisible into three identical pools without any material diminution in the aggregate value of such assets resulting from such division (such as stock, partnership interests and similar investments). For purposes of the foregoing, "Asset Pool Criteria" shall mean (I) no Preferred Cluster Area may be allocated to more than one Asset Pool, except in accordance with the following: (A) if the number of Subscribers in the Preferred Cluster Area having the largest number of Subscribers exceeds the product of the Determined Percentage and the number of all Subscribers in all Preferred Cluster Areas, then such excess may be allocated to more than one Asset Pool; and (B) if the Preferred Cluster Area having the largest number of Subscribers has been allocated to more than one Asset Pool, and if the number of Subscribers in the Preferred Cluster Area having the second largest number of Subscribers exceeds 33-1/3% of all Subscribers of all the Partnership Systems, then such excess may be allocated to more than one Asset Pool, and (II) (A) Subscribers in the same ADI in a Preferred Cluster Area may not be allocated to more than one pool, except to the extent that any one ADI in a Preferred Cluster Area is permitted to be split under clause (I) above, and (B) to the extent any ADI's are split they shall be split only along the lines of operable units.
Examples of Pro Rata Assets in a sentence
For the purposes of the foregoing, "Pro Rata Assets" shall mean those assets of the Partnership, including without limitation those Beneficial Assets and Subsidiary Beneficial Assets, that are readily divisible into three identical pools without any material diminution in the aggregate value of such assets resulting from such division (such as stock, partnership interests and similar investments).