Proportional definition
Examples of Proportional in a sentence
The Consortium Members shall record in their respective accounting books the profits earned with the consortium activity, including amortization/depreciation quotas regarding the capital costs incurred, according to their respective Proportional Shares.
The Consortium Members shall have an undivided share of the rights and obligations arising from the Production Sharing Agreement, in the proportions established below, hereinafter referred to as Proportional Shares or Proportional Share.
The Consortium Members shall keep their own accounting records and financial statements, with express reference to their Proportional Shares.
Each Consortium Member shall keep its own accounting records for accounting and tax purposes regarding its Proportional Share.
As used in this Agreement, the term “Proportionate Share” will mean User’s Share as defined in Section 2.1 above and in the case of Tenant, Tenant’s Proportional share shall be the amount remaining after subtracting User’s Share from 100% (i.e. if User’s Share is 40% the Tenant’s Proportionate Share is 60%).