Prorata Amount definition

Prorata Amount. (Production/Manufacturing) - means if the insured operations has a “partial

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Prorata Amount means an amount equal to between 90% and 100%, inclusive, of the Milestone Option subject to the 2022 Revenue Threshold or 2023 Revenue Threshold, respectively, and shall correspond to the 90% to 100% achievement of the applicable Revenue Threshold.

Prorata Amount means the amount derived by multiplying the principal amount of the Put Notes outstanding immediately prior to the prepayment required under this section by the Percentage. The "Percentage" shall mean the percentage that the amount so prepaid on the Subordinated Notes is of the entire principal amount of the Subordinated Notes outstanding immediately prior to the relevant prepayment of principal thereof."

Examples of Prorata Amount in a sentence

The New Securities shall be allocated among each Pre-emptive Shareholder (with rounding to avoid fractional shares) in proportion to its respective Pro-rata Amount provided that in no event shall an amount greater than such Pre-emptive Shareholder’s Pre-emptive Amount be allocated to such Pre-emptive Shareholder.
For the avoidance of doubt, each Pre-emptive Shareholder may specify in its Exercise Notice a Pre-emptive Amount higher or lower than its Pro-rata Amount.
In the event that the Company prepays the Subordinated Notes in whole or in part (whether such prepayment is voluntary or required under the terms of the Indenture), the Company agrees that simultaneously with any such prepayment it will prepay principal of the Put Notes then outstanding in an aggregate amount outstanding equal to the Prorata Amount.
The New Securities shall be allocated among each Pre-emptive Party (with rounding to avoid fractional shares) in proportion to its respective Pro-rata Amount PROVIDED THAT in no event shall an amount greater than such Pre-emptive Party's Pre-emptive Amount be allocated to such Pre-emptive Party.
For the avoidance of doubt, each Pre-emptive Party may specify in its Exercise Notice a Pre-emptive Amount higher or lower than its Pro-rata Amount (as defined below).
The "Prorata Amount" shall mean the amount derived by multiplying the principal amount of the Put Notes outstanding immediately prior to the prepayment required under this section by the Percentage.

More Definitions of Prorata Amount

Prorata Amount. (Rental Value) - means if the insured has a “partial suspension” of rental income, only a portion of the daily limit during the “period of restoration” will be paid. This will be calculated by deducting the actual rental income received during the “period of restoration” from the daily limit. Rent is normally paid by the month; therefore, the daily limit can be converted to a monthly limit by multiplying the daily limit amount times 30 days.

Prorata Amount means the total value of all Units of Seller minus the First Redemption and Second Redemption amounts divided by twenty-four.