Pro Rated Basis definition
Pro Rated Basis means the proportionate allocation set forth on Schedule 2.3(a).
Examples of Pro Rated Basis in a sentence
On a monthly basis, Parent will make a cash payment to the Members and the Liquidating Trust on a Pro Rated Basis (“Contingent Payments”) in an amount equal to the Distribution Amount in effect at the time the distribution is made, until aggregate distributions made pursuant to this Section 2.9 equal the Maximum Contingent Payment.