Proportional Basis definition

Proportional Basis means the percentage obtained by dividing the number of shares of a specified class held by a Shareholder by the total number of outstanding shares of this class. However, in the case of alienation of shares, the Offered Shares shall be deducted from the total number of outstanding shares of the specified class for purposes of determining the percentage sought;
Sample 1
Proportional Basis refers to an allocation of costs to the Parties in proportion to their respective assigned design flow in the particular segment of which the costs are to be allocated.
Sample 1
Proportional Basis means the proportion of the Escrow Shares deposited by each of Holding Company A and Holding Company B as reflected in Exhibit D, as the same may be amended from time to time in accordance with Section 2.2(b).
Sample 1

Examples of Proportional Basis in a sentence

  • Proportional Basis Utilities can be reimbursed on an equitable proportional basis for costs associated with the relocation work when only a segment of the existing facility is eligible for reimbursement.

  • All or any portion of a Lifetime Withdrawal in an Annuity Year that is deemed Excess Income, as defined in the HDLI Benefit Rider, will cause a Proportional Basis Reduction to the Return of Adjusted Purchase Payments Amount.

  • Bids will be evaluated against the same pre-agreed Criteria.The score will be allocated on an Inverse Proportional Basis, meaning the lowest bidder will receive the highest score.

  • Option 3: Begin Cost Recovery for Flows Above 4 MGD on a Proportional Basis Option No. 3 would waive all costs below the 4 MGD threshold, but would proportionally charge the permittees a use charge based upon flow, Biochemical Oxygen Demand (BOD), and Suspended Solids (SS) for flows above the 4 MGD threshold monthly average.

  • If a HDLI Benefit Rider is in effect on the date the Withdrawal is made, a Non-Lifetime Withdrawal, as defined in the HDLI Benefit Rider, will cause a Proportional Basis Reduction to the Return of Adjusted Purchase Payments Amount.

  • Proportional Basis: The call-up procedures require that call-ups will be issued on a proportional basis such that the offeror of the highest ranked standing offer receives the largest predetermined amount of the total estimated expenditure, the offeror of the second highest ranked standing offer receives the second largest predetermined amount of the total estimated expenditure etc.It is anticipated that TWO (2) Standing Offers shall be issued.

  • If the other Shareholders do not consent to such change in Control in writing, this event will constitute a Case of Withdrawal as defined in Article 9.1 and the other Shareholders will have the choice either to buy the Shares of the Shareholder on a Proportional Basis or ensure that the Corporation purchases such Shares.

  • LACCD & AFT Agreement 2011-2014 Proportional Basis — A multiple assignment in which a faculty member has a fractional assignment within one basis and an additional fractional assignment within another basis, the sum of which is generally fulltime.

  • Church aud Dallat) (g) Windyhall Community Centre Management Committee(Aldermau McClure, Couucillors Bradley aud McLaughliu)8.0 REPRESENTATlON ON BODlESlGROUPS (PROPORTlONAL BASlS) Consideration was given to the Town Clerk and Chief Executive’s Report (previously supplied) regarding Representation on Bodies/Groups (Proportional Basis).

  • The score will be allocated on an Inverse Proportional Basis, meaning the lowest bidder will receive the highest score.


More Definitions of Proportional Basis

Proportional Basis as used in Section X(3) means a percentage determined by the following formula: the number of 911 access connections within each boundary of the Identified Political Subdivisions divided by the total number of 911 access connections in the Governing Body’s jurisdiction. The Board shall determine the data to use for this calculation based on the Board’s determination of the most reliable source(s) and representative timeframes. For the purpose of this definition only: (1) “Identified Political Subdivisions” means Larimer County and each city and town that is a Party, and (2) the boundary of Larimer County means within the unincorporated areas of the County. If, at the time of the calculation, Larimer County, a city, or a town is not a Party, then the Board shall establish the formula to allocate its percentage among the Identified Political Subdivisions who are Parties.
Sample 1
Proportional Basis means on any Recalculation Date the relative proportions of (i) the aggregate amount of cash cover that is required to be maintained under Clause 6.14 (Reserving requirements) of this Agreement in respect of all Letters of Credit that have been issued less the cash cover already provided for such Letters of Credit and (ii) the amount required to be paid by the Borrower into a Sinking Fund in the period of 3 months following such Recalculation Date.
Sample 1

Related to Proportional Basis

  • Proportional Share means the annual revenue of a health care institution received in the form of medical assistance reim- bursement or public employee insurance from the state, divided by the total annual revenue of the health care institution.

  • Proportionate Percentage means, with respect to any Stockholder as of any date, the result (expressed as a percentage) obtained by dividing (i) the number of shares of Common Stock owned by such Stockholder as of such date by (ii) the total number of shares of Common Stock outstanding as of such date.

  • Proportion in relation to a Lender, means:

  • Net Adjustment Amount means an amount, which may be positive or negative, equal to the Closing Net Working Capital as finally determined pursuant to this Section 2.9 minus the Preliminary Net Working Capital as set forth on the Preliminary Closing Statement;

  • Proportionate Interest has the meaning specified in Section 2.5(d);

  • Adjusted Basis has the meaning given such term in Section 1011 of the Code.

  • Adjustment Fraction shall have the meaning set forth in Section 11(a)(i) hereof.

  • Apportionable income means the gross income of the business taxable under the service classifications of a city's gross receipts tax, including income received from activities outside the city if the income would be taxable under the service classification if received from activities within the city, less any exemptions or deductions available.

  • Adjusted means lost values are not included in the calculation of the prior year’s taxes and new values are not included in the current year’s taxable values.

  • Estimated Adjustment Amount has the meaning set forth in Section 2.5(a).

  • Allocable Share means allocable share as that term is defined in the master settlement agreement.

  • Fully Diluted Weighted Average Basis means, when calculating the number of Outstanding Units for any period, a basis that includes (a) the weighted average number of Outstanding Units during such period plus (b) all Partnership Interests and Derivative Partnership Interests (i) that are convertible into or exercisable or exchangeable for Units or for which Units are issuable, in each case that are senior to or pari passu with the Subordinated Units, (ii) whose conversion, exercise or exchange price, if any, is less than the Current Market Price on the date of such calculation, (iii) that may be converted into or exercised or exchanged for such Units prior to or during the Quarter immediately following the end of the period for which the calculation is being made without the satisfaction of any contingency beyond the control of the holder other than the payment of consideration and the compliance with administrative mechanics applicable to such conversion, exercise or exchange and (iv) that were not converted into or exercised or exchanged for such Units during the period for which the calculation is being made; provided, however, that for purposes of determining the number of Outstanding Units on a Fully Diluted Weighted Average Basis when calculating whether the Subordination Period has ended or Subordinated Units are entitled to convert into Common Units pursuant to Section 5.7, such Partnership Interests and Derivative Partnership Interests shall be deemed to have been Outstanding Units only for the four Quarters that comprise the last four Quarters of the measurement period; provided further, that if consideration will be paid to any Group Member in connection with such conversion, exercise or exchange, the number of Units to be included in such calculation shall be that number equal to the difference between (x) the number of Units issuable upon such conversion, exercise or exchange and (y) the number of Units that such consideration would purchase at the Current Market Price.

  • Pro Rata Allocation The allocation of the principal portion of Realized Losses to the Senior Certificates (other than the Class R and Class P Certificates), on the one hand, and the Class B Certificates, on the other hand, pro rata according to their respective aggregate Class Principal Balances, in reduction thereof in the manner provided in the succeeding paragraphs of this definition (except if the loss is recognized with respect to a Class P Mortgage Loan, in which case the applicable Class P Fraction of such loss shall first be allocated to the Class P Certificates, and the remainder of such loss shall be allocated as set forth above), and the allocation of the interest portion of Realized Losses to all Classes of Certificates (other than the Class R and Class P Certificates) pro rata according to the amount of interest accrued but unpaid on each such Class, in reduction thereof, and then to the Senior Certificates (other than the Class R, Class P and Class X Certificates), on the one hand, and the Class B Certificates, on the other hand, pro rata according to their respective aggregate Class Principal Balances, in reduction thereof in the manner provided in the succeeding paragraphs of this definition. The principal portion of a Realized Loss on any Mortgage Loan allocated to the Class A Certificates pursuant to this definition of "Pro Rata Allocation" shall be allocated in reduction of the respective Class Principal Balances of the Subgroup 1, Subgroup 2 and Subgroup 3 Certificates as follows:

  • Inflation Factor means a number determined for each tax year by dividing the consumer price index for June of the tax year by the consumer price index for June 2005.

  • Proportionately means that the ratio of the actual Annual Special Tax levy to the applicable Special Tax is equal for all applicable Assessor’s Parcels.

  • Adjustment Price means the lowest Underlying Price within the Adjustment Period after the Underlying Price is for the first time equal to or below the Adjustment Threshold.

  • Allocable Percentage means, on any date of determination thereof, a fraction the denominator of which shall be equal to the number of Borrowers who are parties to this Agreement on such date and the numerator of which shall be 1; provided, however, that such percentages shall be modified in the event that contribution from a Borrower is not possible by reason of insolvency, bankruptcy or otherwise by reducing such Borrower’s Allocable Percentage equitably and by adjusting the Allocable Percentage of the other Borrowers proportionately so that the Allocable Percentages of all Borrowers at all times equals 100%.

  • Adjusted Principal Balance As to any Distribution Date and any Class of Class B Certificates, the greater of (A) zero and (B) (i) the Principal Balance of such Class with respect to such Distribution Date minus (ii) the Adjustment Amount for such Distribution Date less the Principal Balances for any Classes of Class B Certificates with higher numerical designations.

  • Adjustment ratio means the value of index A divided by index

  • Adjusted Value as used in subdivision (d) means:

  • Apportioned Principal Balance For any Class of Subordinated Certificates and any Distribution Date, an amount equal to the Class Certificate Balance of such Class immediately prior to that Distribution Date multiplied by a fraction, the numerator of which is the applicable Group Subordinate Amount for such Distribution Date and the denominator of which is the sum of the Group Subordinate Amounts for such Distribution Date.

  • 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.

  • Adjusted Invested Amount means, with respect to any date of determination, an amount equal to the Invested Amount less the Principal Funding Account Balance on such date of determination.

  • Class B Adjusted Invested Amount means, with respect to any date of determination, an amount equal to the Class B Invested Amount less the positive difference, if any, between the Principal Funding Account Balance and the Class A Invested Amount on such date.

  • Apportionment Fraction With respect to each Class of Subordinate Certificates and for any Distribution Date, in the event that the Class Principal Balances of the Senior Certificates of any Certificate Group have been reduced to zero, a fraction the numerator of which is equal to the sum of the Subordinate Optimal Principal Amount of the Loan Group (or Groups) related to such Certificate Group (or Groups), and the denominator of which is equal to the Aggregate Subordinate Optimal Principal Amount.

  • Final Adjustment Amount has the meaning set forth in Section 2.4(c).