Pro Rata Reduction definition

Pro Rata Reduction means the percentage reduction that will be applied to Tier
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Pro Rata Reduction means the percentage reduction 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 would exceed the Class Action Settlement Amount, will be applied to reduce Class Action Claim Awards so that the total payments for Claim Awards and Class Action Administrative Expenses do not exceed the Class Action Settlement Amount.
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Pro Rata Reduction means the percentage reduction that, in the event Defendants’ total payments for Claim Awards, Administrative Expenses, and service awards to Class Representatives would exceed the Settlement Amount, will be applied to reduce Tier 2 and 3 Claim Awards so that Defendants’ total payments for Claim Awards and Administrative Expenses do not exceed the Settlement Amount.
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Examples of Pro Rata Reduction in a sentence

  • If more than one method of reduction will result in the same economic benefit, the items so reduced will be reduced pro rata (the "Pro Rata Reduction Method").

  • Total Adjusted Purchase Payments - The sum of all Purchase Payments made to the Contract, reduced by a Pro Rata Reduction for each prior withdrawal.

  • Pro Rata Reduction — The reduction percentage that is calculated at the time of a withdrawal by dividing the amount of each withdrawal (including any applicable withdrawal charges) by the Contract Value immediately prior to the withdrawal.

  • We calculate it as follows: H = (I divided by J) multiplied by L Where: E = the Pro Rata Reduction for the Excess Withdrawal.

  • If more than one method of reduction will result in the same after tax economic benefit, the items so reduced will be reduced pro rata (the “ Pro Rata Reduction Method ”).

  • Notwithstanding the foregoing, if the subject registration is an underwritten primary registration in which the Holder is given the opportunity to join but because of the Pro Rata Reduction Provisions the Holder is unable to include any shares of Common Stock in such registration, then the Market Standoff Period applicable to the Holder shall be for a period not to exceed thirty (30) days following the effective date of such registration statement of the Company filed under the Act.

  • In calculating the Benefit Base on each Certificate Anniversary, we determine the Pro Rata Reduction for any Excess Withdrawal.

  • For each Excess Withdrawal, we calculate it as follows: H = I multiplied by (1 plus J) raised to the (L divided by K) Where: H = the Pro Rata Reduction for any Excess Withdrawal COLA Value.

  • If more than one method of reduction will result in the same economic benefit, the items so reduced will be reduced pro rata (the "Pro Rata Reduction Method').

  • Pro Rata Reduction — The reduction percentage that is calculated at the time of a withdrawal by dividing the amount of the withdrawal (including any applicable withdrawal charges) by the Contract Value immediately prior to the withdrawal.


More Definitions of Pro Rata Reduction

Pro Rata Reduction shall have the meaning specified in Article 5(g).
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Pro Rata Reduction means the reduced amount of a Claim Payment for a Valid Claim if at the time of the Claim Payment Date the total of all Claim Payments exceeds the Maximum Settlement, calculated as follows: reduced amount of Claim Payment = [(initial Claim Payment)/(total of all Claim Payments)] x (remaining balance of Maximum Settlement)
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Pro Rata Reduction shall have the meaning set forth in Section XII.D.
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Pro Rata Reduction. Any cancellation under clause 8.1 or clause 8.2 shall reduce the Commitments under the relevant Facility rateably. The Facility Agent shall promptly notify each Lender of any cancellation under clause 8.1 or any notice received under clause 8.2 and the amount of that Lender's Commitment which is, or is to be, cancelled.
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Related to Pro Rata Reduction

  • Pro Rata Repurchases means any purchase of shares of Common Stock by the Company or any Affiliate thereof pursuant to (A) any tender offer or exchange offer subject to Section 13(e) or 14(e) of the Exchange Act or Regulation 14E promulgated thereunder or (B) any other offer available to substantially all holders of Common Stock, in the case of both (A) or (B), whether for cash, shares of Capital Stock of the Company, other securities of the Company, evidences of indebtedness of the Company or any other Person or any other property (including, without limitation, shares of Capital Stock, other securities or evidences of indebtedness of a subsidiary), or any combination thereof, effected while this Warrant is outstanding. The “Effective Date” of a Pro Rata Repurchase shall mean the date of acceptance of shares for purchase or exchange by the Company under any tender or exchange offer which is a Pro Rata Repurchase or the date of purchase with respect to any Pro Rata Repurchase that is not a tender or exchange offer.

  • Pro Rata Repurchase means any purchase of shares of Common Stock by the Corporation or any subsidiary thereof, whether for cash, shares of capital stock of the Corporation, other securities of the Corporation, evidences of indebtedness of the Corporation or any other person or any other property (including shares of a subsidiary of the Corporation), or any combination thereof, effected while any of the shares of ESOP Preferred Stock are outstanding, pursuant to any tender offer or exchange offer subject to Section 13(e) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or any successor provision of law, or pursuant to any other offer available to substantially all holders of Common Stock; provided, however, that no purchase of shares by the Corporation or any subsidiary thereof made in open market transactions shall be deemed a Pro Rata Repurchase. For purposes of this paragraph I(7), shares shall be deemed to have been purchased by the Corporation or any subsidiary thereof “in open market transactions” if they have been purchased substantially in accordance with the requirements of Rule 10b-18 as in effect under the Exchange Act, on the date shares of ESOP Preferred Stock are initially issued by the Corporation or on such other terms and conditions as the Board of Directors of the Corporation or a committee thereof shall have determined are reasonably designed to prevent such purchases from having a material effect on the trading market for the Common Stock.

  • Pro Rata Fraction means a fraction, the numerator of which shall be equal to the number of days between the Grant Date and the Participant’s Date of Termination and the denominator of which shall be 1095.

  • Pro Rata Allocation shall have the meaning set forth in Section 2.6(b)(i)(A).

  • Reduction Percentage means the percentage rate by which the Initial Per Certificate Entitlement will reduce on a daily basis on the assumption that the daily rate will be the