Prorata Basis definition

Prorata Basis means prorated according to the time worked while employed. This is expressed as a percentage of time worked by full-time employees.
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Prorata Basis means prorated according to the time worked while employed. This is expressed as a percentage of time assigned in relation to a full time assignment.
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Examples of Prorata Basis in a sentence

  • All pre-operative expenses incurred on Capital Work in Progress allocated to related fixed assets on Pro-rata Basis.

  • Forthisworkwith 05 (Five) years Defect Liability Period: The Security Deposit shall be Refunded to the Contractor on Prorata Basis @ 30% after the end of 04 (Four) years successful completion of Defect Liability Periods.

  • Determine the level of interest of the study sample by addressing organisational slack concerns; and4.

  • Subsidy should be on Pro-rata Basis wherein it will be elaborated as the proportionate release of the funds on the basis of the promoter’s contribution.

  • Security Deposit shall become payable only after successful completion of the work on Prorata Basis @ 2.00 (Two) Percent each Year up to 05 (five) years after the date of Successful Completion of the Work .

  • One could easily adopt a more general material behaviour—at the price of redoing (all) PN computations.

  • Forfeiture and Re-issue of Shares Allotted on Pro-rata Basis in Case of Over-subscriptionIn case where the shares of a Company are oversubscribed, it is not possible for the company to satisfy the demand of all the applicants.

  • ACCEPTANCE / PENALTY /REJECTION SpecificationAcceptance / Penalty / Rejection80% and above purity as Ca(OH)2Acceptable on purity79.9% to 76% purity as Ca(OH)2Can be accepted on Pro-rata Basis (With penalty)Below 76% purity as Ca(OH)2RejectedMoisture more than 2%RejectedAcid Insoluble more than 1.5%Rejected The acceptance /rejection /penalty is based on the analysis done at Madras Fertilizers Ltd Quality Control laboratory only.

  • Pro-rata Basis: The ratio between the number of hours in an employee’s normal work schedule and forty (40) hours per week, as it applies to leaves and benefits.

  • The gain or loss arising on the disposal or retirement of an asset is determined as the difference between sales proceeds and the carrying amount of the asset and is recognized in Statement of Profit and Loss for the relevant financial year.Depreciation:The depreciation on assets for own use is provided on “Straight Line Method” on the basis of useful life of assets as specified in Schedule II to the Companies Act, 2013 on Pro-rata Basis.

Related to Prorata Basis

  • Pro Rata Basis with respect to any release of Collateral in connection with the partial prepayment of any Loan, means that the Applicable Percentage of each Item of Collateral securing such Loan (subject to adjustment by Custodian in its reasonable discretion to reflect any minimum denominations applicable to any Collateral) shall be released from Lender’s lien.

  • Pro Rata shall have the meaning given in subsection 2.1.4.

  • Pro Rata and Pari Passu Basis means with respect to the Notes and the Note Holders, the allocation of any particular payment, collection, cost, expense, liability or other amount between such Notes or such Note Holders, as the case may be, without any priority of any such Note or any such Note Holder over another such Note or Note Holder, as the case may be, and in any event such that each Note or Note Holder, as the case may be, is allocated its respective Percentage Interest of such particular payment, collection, cost, expense, liability or other amount.

  • 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:

  • Pro Rata Annual Bonus means the amount of Annual Bonus, multiplied by a fraction, the numerator of which is the number of days in such year during which the Executive was actually employed by the Company (or its predecessor) and the denominator of which is 365.

  • Allocable Excess Proceeds will mean the product of:

  • Lot means a parcel or a single article that is the subject matter of a separate lease or delivery, whether or not it is sufficient to perform the lease contract.

  • Basis means any past or present fact, situation, circumstance, status, condition, activity, practice, plan, occurrence, event, incident, action, failure to act, or transaction that forms or could form the basis for any specified consequence.

  • Random selection basis means a mechanism for selection of employees that:

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

  • Pro Rata Amount means, for each Major Investor, that portion of the New Securities identified in an Offer Notice which equals the proportion that the Common Stock issued and held, or issuable (directly or indirectly) upon conversion and/or exercise, as applicable, of the Preferred Stock and any other Derivative Securities then held, by such Major Investor bears to the total Common Stock of the Company then outstanding (assuming full conversion and/or exercise, as applicable, of all Preferred Stock and other Derivative Securities).

  • 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.

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

  • Semi-annual (2/Year) sampling frequency means the sampling shall be done during the months of June and December, unless specifically identified otherwise.

  • Allocation shall have the meaning set forth in Section 2.7.

  • Direct Expenses means “Operating Expenses” and “Tax Expenses.”

  • Pro-rata Liquidation means an amount equal to the liquidation of the relevant Collateral Assets held in the Margin Account for a Series of ETP Securities, pro rata to the amount of ETP Securities being redeemed divided by the total number of ETP Securities for such Series, after the pro rata deduction of all costs and expenses incurred by the Issuer in connection with the liquidation of such Collateral Assets, the pro rata deduction of the Arranger Fee and any Funding and Brokerage Fees.

  • 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.

  • Apportionment means the apportionment as determined by Section

  • Semi-annual (2/Year) sampling frequency means the sampling shall be done during the months of June and December, unless specifically identified otherwise.

  • Apportioned Obligations has the meaning set forth in Section 5.2(b).

  • Pro Rata Portion means the ratio of (x) the Subscription Amount of Securities purchased on the Closing Date by a Purchaser participating under this Section 4.12 and (y) the sum of the aggregate Subscription Amounts of Securities purchased on the Closing Date by all Purchasers participating under this Section 4.12.

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

  • Monthly Shared-Loss Amount means the change in the Cumulative Shared- Loss Amount from the beginning of each month to the end of each month.

  • Undisputed Amounts has the meaning set forth in Section 2.04(c)(iii).

  • Class B-1 Applied Realized Loss Amount As of any Distribution Date, the sum of all Applied Realized Loss Amounts with respect to the Mortgage Loans which have been applied to the reduction of the Certificate Principal Balance of the Class B-1 Certificates.