PRO RATE SHARE definition
PRO RATE SHARE means, with respect to each Bank, a percentage, the numerator of which is the Commitment of such Bank and the denominator of which is the total Commitments of all of the Banks. The Pro Rata Shares of each of the Banks as of the date of this Agreement are as follows: Mercantile - Forty-Two and One-Half Percent (42.5%); Harris Trust and Savings Bank - Thirty- Two and O▇▇-▇▇▇f Percent (32.5%); and The Sumitomo Bank, Limited - Twenty-Five Percent (25%). RCRA shall mean the Solid Waste Disposal Act, as amended by the Resource Conservation and Recovery Act of 1976 and Hazardous and Solid Waste Amendments of 1984, 42 U.S.C. Sections 6901 ET SEQ., and any future amendments.
PRO RATE SHARE means at any time, with respect to any Lender, a fraction (expressed as a percentage in no more than nine (9) decimal places), the numerator of which shall be the sum of the Revolving Loan Commitment and Term Loan B Commitment, of such Lender at such time and the denominator of which shall be the Maximum Loan Limit at such time.
PRO RATE SHARE means when calculating a Secured Creditor's portion of any distribution or amount pursuant to clause (a) above, the amount (expressed as a percentage) equal to a fraction the numerator of which is the then outstanding amount of the relevant Obligations secured by the relevant item of Property owed such Secured Creditor and the denominator of which is the then outstanding amount of all relevant Obligations secured by the relevant item of Property.
Examples of PRO RATE SHARE in a sentence
TENANT SHALL PAY A PRO RATE SHARE OF WATER AND SEWER SERVICE MONTHLY UPON RECEIPT, OR IF APPLICABLE THAT SHARE DETERMINED BY A SUB METER FOR WATER OR ELECTRICAL FOR THE LEASED SPACE.
More Definitions of PRO RATE SHARE
PRO RATE SHARE means as to any Lender, the fraction (expressed as a percentage) the numerator of which is such Lender's Commitment and the denominator of which is the aggregate amount of all of the Commitments of Lenders, as adjusted from time to time in accordance with the provisions of Section 13.7 hereof; provided, that, if the Commitments have been terminated, the numerator shall be the unpaid amount of such Lender's Loans and its interest in the Letter of Credit Accommodations and the denominator shall be the aggregate amount of all unpaid Loans and Letter of Credit Accommodations.
PRO RATE SHARE has the meaning provided in Condition 3;
PRO RATE SHARE means a holder's prorate share of outstanding Equity Securities which shall be a fraction calculated by dividing (I) the number of shares of Common Stock beneficially owned by the holder as of the applicable date, by (ii) the total number of shares of Common Stock outstanding as of such date.
PRO RATE SHARE means, with respect to a Lender, a fraction (expressed as a percentage), the numerator of which is the amount of such Lender's Commitment and the denominator of which is the sum of the amounts of all of the Lenders' Commitments, or if no Commitments are outstanding, a fraction (expressed as a percentage), the numerator of which is the amount of Obligations owed to such Lender and the denominator of which is the aggregate amount of the Obligations owed to the Lenders, in each case giving effect to a Lender's participation in Agent Advances.