Examples of Proportionate Interest in a sentence
There is hereby created a Series of Certificates to be issued under the Trust Agreement to be known as "Certificates of Participation (School Board of Bay County, Florida Master Lease Program, Series 2019) Evidencing an Undivided Proportionate Interest of Owners thereof in Basic Rent Payments to be made under a Master Lease-Purchase Agreement by the School Board of Bay County, Florida." The aggregate principal amount of Series 2019 Certificates which may be issued is hereby expressly limited to $ .
Proportionate Interest in any Collateral.....................................
On termination or liquidation of the Trust, each Unitholder of record is entitled to receive on a proportionate basis based on such holder’s Proportionate Interest, (subject in each case to adjustment to reflect the Unit Series Expenses allocable to each respective series) all of the assets of the Trust remaining after payment of or provisions made for all debts, liabilities and liquidation expenses of the Trust.
The closing of the Call Option pursuant to this Section 4.5 (a “Call Option Closing”) shall occur on a Business Day specified by written notice from the Optionholder holding the greater Proportionate Interest to Lear NAOC no later than five Business Days prior to the proposed Call Option Closing.
In the event that any additional amounts are required to be paid by the Company pursuant to any Earnings Share Units Agreement (or the ESU Escrow Agreement or any other agreement or arrangement described therein), the CSE Holders shall be obligated to promptly upon demand reimburse the Company their Proportionate Interest of such additional amounts (including any payroll or employment Taxes required to be paid in connection therewith).