Pro rate definition

Pro rate or “Pro Rata Share” means, with respect to any distribution under the Plan to the Holder of an Allowed Claim in a particular Class or otherwise, a fraction, the numerator of which shall be the amount of such Holder’s Allowed Claim and the denominator of which shall be the sum of all Allowed Claims and all Disputed Claims in such Class and, if applicable, other Classes, all determined as of the applicable Distribution Date.
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Pro rate means the proportion that an Allowed Claim bears to the aggregate amount of Allowed Claims in the class to which the Allowed Claim belongs.
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Pro rate means the recognition of actual time worked, in comparison to a regular full time Employee.
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Examples of Pro rate in a sentence

  • The Company reserves the right in its sole and absolute discretion to ay that portion of the severance which reflects Annual Incentive Awards and Pro rate Bonus in common stock of the Company, rather than in cash and subject to the requirements of applicable law, such stock shall be registered and freely tradable from the date received.

  • Pro rate for children enrolled late in the year will be determined by the date of enrollment at $31.50 per month.

  • Rate table prices may be increased proportionate to any increase in the Xiox Summa Pro rate table prices.

  • Pro rate shares of any charges for the provision of any services or facilities which Authority is required or mandated to provide by any governmental entity (other than Authority acting within its proprietary capacity) having jurisdiction over the Airport.

  • Pro rate share will be paid to those individuals not meeting minimum requirements; for example, if an individual only worked 1400 hours during the fiscal year, he would receive 1400/1560 x eligibility hours x rate.


More Definitions of Pro rate

Pro rate shall appear in this Lease, it shall refer to the Tenant's gross square footage (32,748), as that figure compares to the total gross square footage (54,061) included in any billing for taxes, insurance or other services being provided for the leased premises.
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Pro rate means the pro-rate period of the Warranty Period starting from the Date of Purchase of the Shingle by the first owner until the date of official claim for defects as listed in this TEGOLA CANADESE Limited Registered Warranty accepted and recorded by TEGOLA CANADESE, and covered by this TEGOLA CANADESE Limited Registered Warranty. “Warranty Period” means the total coverage period provided by Tegola Canadese Srl on the Shingles under this TEGOLA CANADESE Limited Registered Warranty. The duration of the Warranty Period for each model of Shingle is listed in the Information Table below.
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Pro rate means, with respect to any offer of shares of Common Stock or securities exercisable or convertible into shares of Common Stock, an offer based on the relative percentages of Securities then held by or issuable to all of the stockholders to whom such offer is made.
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Related to Pro rate

  • Pro Rata Annual Bonus means the amount of Annual Bonus, multiplied by a fraction, the numerator of which is the number of days in such year during which the Executive was actually employed by the Company (or its predecessor) and the denominator of which is 365.

  • Adjustment Percentage means, with respect to any Loan, the quotient (expressed as a decimal) of the Loan Value for such Loan divided by the Cut-Off Date Unpaid Principal Balance of such Loan.

  • Monthly Salary Rate means the amount agreed to by Owner that can be used on Applications for Payment throughout the Construction Phase to account for the monthly salary costs of Contractor’s salaried personnel assigned to the Project. A Monthly Salary Rate must be established for each salaried person and must be approved in writing by Owner in advance of any Application for Payment for that person. The Monthly Salary Rate is for convenience only and any payments made for Contractor’s personnel are subject to audit to determine the actual cost of the wages and allowable employer contributions incurred by Contractor for services performed. The initial Monthly Salary Rate is included in Exhibit “G” attached to this Agreement.

  • Annualized as used herein shall mean the multiplication of the applicable amount for any given period by a fraction, the numerator of which is 365 and the denominator of which is the number of days elapsed in such period.

  • Annual Percentage Rate or “APR” of a Receivable means the annual percentage rate of finance charges or service charges, as stated in the related Contract.