Pro Rata Distributions definition

Pro Rata Distributions means the product of the Investment Returns multiplied by the quotient resulting from dividing the total number of Certificate of Participation held by a Buyer by the total number of Certificate of Participation issued by the Seller.
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Examples of Pro Rata Distributions in a sentence

  • Pro Rata Distributions will be made after receipt of funds from Lawsuits.

  • Once the sum total of distributions for a given performance fee equals $10 for every $1 paid for the performance fee, the performance fee will automatically expire, and “burn” and Buyer will no longer be entitled to further Pro Rata Distributions.

  • Once 100% of the initial investment has been returned to Buyers, the Buyers will receive 50% of the Investment Returns in the form of Pro Rata Distributions, and Seller will retain the remaining 50% of the Investment Returns.

  • In the event Litigation Proceeds are insufficient to pay Buyers in full, including after the payment of Claims Expenses, after the payment of Buyer’s Pro Rata Distributions, Seller shall have no further obligations hereunder.

  • Assuming an initial Buyer investment of $100,000 : ● 100% of initial Buyer investment is repaid = $100,000 ● 50% of remaining $400,000 investment return is distributed to Buyer = $200,000 ● Total payout to Buyer is $300,000 When the “Investment Returns” reaches $1,000,000 all subsequent times, the Buyer, and the Seller, split the Pro Rata Distributions evenly until the buyer has been paid (10x) times return on initial investment.

  • As soon as reasonably practicable after the receipt of Litigation Proceeds, the Fund Administrator shall, at the expense of Seller, cause to be prepared a balance sheet of the Seller and a related statement of income, loss, change in financial of the Seller, Investment Returns, and Pro Rata Distributions to Buyer.