Pro Rata Increase definition

Pro Rata Increase means the percentage increase that will be applied to all Claim Awards if, once all the Tier 2 and Tier 3 Claim Awards have been determined, the total sum of all the Claim Awards is less than the total amount in the Settlement Fund at that time. The Pro Rata Increase will be applied to increase all Claim Awards by the same percentage until the total sum of all Claim Awards equals the Settlement Fund, or until all Claim Awards have been increased by 50%, whichever occurs first.
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Pro Rata Increase means the percentage enhancement that, in the event the total payments for Class Action Claim Awards, Class Action Administrative Expenses, Attorneys’ Fees and Costs, and Class Action Service Awards do not meet or exceed the Class Action Settlement Amount, will be applied to increase Class Action Claim Awards until the Class Action Settlement Amount is reached.
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Pro Rata Increase means the percentage enhancement that, in the event Defendants’ total payments for Claim Awards, Administrative Expenses, and service awards to Class Representatives do not meet or exceed the Settlement Amount, will be applied to increase Tier 1, Tier 2, and Tier 3 Claim Awards until the Settlement Amount is reached or all Claim Awards have been increased by 50%, whichever occurs first.
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Examples of Pro Rata Increase in a sentence

  • If the Settlement Amount is not fully disbursed after a 50% Pro Rata Increase is applied to the Claim Awards and after payment of any Taxes, Administrative Expenses, and any service awards to the Class Representatives that the Court may approve, the Parties will notify the Court and propose additional means of distributing the remaining amount in the Settlement Fund, namely: providing additional notice of the Settlement to non-participating Class Members or distributions to appropriate cy pres recipients.

  • The Pro Rata Increase will be calculated to increase all Claim Awards by the same percentage until the total sum of all Claim Awards equals the Settlement Fund, or until all Claim Awards have been increased by 50%, whichever occurs first.

  • If the total sum of the Claim Awards is less than the total amount in the Settlement Fund, the Claims Administrator will calculate and apply the Pro Rata Increase to all Tier 1, Tier 2, and Tier 3 Claim Awards.

  • If a Pro Rata Increase is applied, supplemental Tier 1 payments reflecting the Pro Rata Increase will go out after all Tier 2 and 3 claims are determined as indicated below.

  • After deducting the $7,307,500 offset for the 2,923 Tier 2 and 317claimants who were already issued their Tier 1 Claim Award, the combined Tier18191 Pro Rata Increase distribution to 11,497 Tier 1 only Class Members and the20 2221 11 When the final pro rata calculation occurs, the Pro Rata Increase percentage will calculate to exactly the amount remaining in the Settlement Fund including the final interest amount accumulated prior to the distribution.2324 NO.

  • The Pro Rata Increase will be calculated to4 increase all Claim Awards by the same percentage until the total sum of all Claim5 Awards equals the Settlement Fund, or until all Claim Awards have been increased by6 50%, whichever occurs first.

  • Pro Rata Increase in the Portions of Testamentary Heirs If only testamentary heirs exist, then their respective portions shall be increased proportionately, if the portion of each is devised, but the aggregate of all portions fails to amount to the entire estate.

  • JND expects to issue the Tier 1 Pro Rata Increase distribution and5Tier 2 and 3 Claim Awards to claimants without Tier 2 and 3 lien holds by April67 2021.

Related to Pro Rata Increase

  • Incremental Revolving Increase has the meaning set forth in Section 2.16(a).

  • Available Increase Amount means, as of any date of determination, an amount equal to the result of (a) $50,000,000, minus (b) the aggregate principal amount of Increases to the Revolver Commitments previously made pursuant to Section 2.14 of this Agreement.

  • Increase Amount is defined in Section 2.3(a).

  • Pro Rata Acquisition means an acquisition by a Person of Voting Shares pursuant to:

  • Pro Rata Extension Offers shall have the meaning assigned to such term in Section 2.21(e).

  • Value Increase shall have the meaning ascribed to it in Section 2.4(d)(i).

  • Term Loan Increase has the meaning set forth in Section 2.14(a).

  • Available Incremental Amount has the meaning specified in Section 2.14(4)(c).

  • Commitment Increase Notice has the meaning assigned to such term in Section 2.19.

  • Submitted Amount has the meaning set forth in Section 2.05(a)(v)(C)(1).

  • Aggregate Revolving Committed Amount means the aggregate amount of Revolving Commitments in effect from time to time, being initially ONE HUNDRED FIFTY MILLION DOLLARS ($150,000,000).

  • Capital Increase has the meaning given in clause 3.2(a);

  • Available Revolving Commitment as to any Revolving Lender at any time, an amount equal to the excess, if any, of (a) such Lender’s Revolving Commitment then in effect over (b) such Lender’s Revolving Extensions of Credit then outstanding; provided, that in calculating any Lender’s Revolving Extensions of Credit for the purpose of determining such Lender’s Available Revolving Commitment pursuant to Section 2.8(a), the aggregate principal amount of Swingline Loans then outstanding shall be deemed to be zero.

  • Term Loan Percentage means, with respect to any Term Loan Lender at any time, the percentage of the total outstanding principal balance of the Term Loans represented by the outstanding principal balance of such Term Loan Lender’s Term Loans.

  • Pro Rata Allocation The allocation of the principal portion of Realized Losses to the Senior Certificates (other than the Class R and Class P Certificates), on the one hand, and the Class B Certificates, on the other hand, pro rata according to their respective aggregate Class Principal Balances, in reduction thereof in the manner provided in the succeeding paragraphs of this definition (except if the loss is recognized with respect to a Class P Mortgage Loan, in which case the applicable Class P Fraction of such loss shall first be allocated to the Class P Certificates, and the remainder of such loss shall be allocated as set forth above), and the allocation of the interest portion of Realized Losses to all Classes of Certificates (other than the Class R and Class P Certificates) pro rata according to the amount of interest accrued but unpaid on each such Class, in reduction thereof, and then to the Senior Certificates (other than the Class R, Class P and Class X Certificates), on the one hand, and the Class B Certificates, on the other hand, pro rata according to their respective aggregate Class Principal Balances, in reduction thereof in the manner provided in the succeeding paragraphs of this definition. The principal portion of a Realized Loss on any Mortgage Loan allocated to the Class A Certificates pursuant to this definition of "Pro Rata Allocation" shall be allocated in reduction of the respective Class Principal Balances of the Subgroup 1, Subgroup 2 and Subgroup 3 Certificates as follows:

  • Term Loan Commitment Percentage means, for any Lender, the percentage identified as its Term Loan Commitment Percentage on Schedule 2.1(a), as such percentage may be modified in connection with any assignment made in accordance with the provisions of Section 9.6.

  • 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.

  • Pro Rata Amount means, for each Major Investor, that portion of the New Securities identified in an Offer Notice which equals the proportion that the Common Stock issued and held, or issuable (directly or indirectly) upon conversion and/or exercise, as applicable, of the Preferred Stock and any other Derivative Securities then held, by such Major Investor bears to the total Common Stock of the Company then outstanding (assuming full conversion and/or exercise, as applicable, of all Preferred Stock and other Derivative Securities).

  • Commitment Increase Date has the meaning assigned to such term in Section 2.08(e).

  • CPI Increase means the percentage increase (but not decrease) in (i) the CPI published for the beginning of each Lease Year, over (ii) the CPI published for the beginning of the immediately preceding Lease Year.

  • Commitment Increase has the meaning specified in Section 2.18(a).

  • Term Percentage as to any Term Lender at any time, the percentage which such Lender’s Term Commitment then constitutes of the aggregate Term Commitments (or, at any time after the Closing Date, the percentage which the aggregate principal amount of such Lender’s Term Loans then outstanding constitutes of the aggregate principal amount of the Term Loans then outstanding).

  • Aggregate Revolving Commitment Amount means the aggregate principal amount of the Aggregate Revolving Commitments from time to time. On the Closing Date, the Aggregate Revolving Commitment Amount is $300,000,000.

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

  • Pro Rata Percentage of any Revolving Lender at any time shall mean the percentage of the total Revolving Commitments of all Revolving Lenders represented by such Lender’s Revolving Commitment.

  • Incremental Revolving Facility Lender means a Lender with an Incremental Revolving Facility Commitment or an outstanding Incremental Revolving Loan.