Ratable definition
Ratable and related terms shall mean, determined by reference to such Lender’s Pro Rata Share.
Ratable means the delivery of Natural Gas Liquids throughout each Month in daily quantities that are approximately equal to the volume of Natural Gas Liquids delivered during the Month divided by the number of Days in that Month.
Ratable means, as to any Lender, in accordance with its Specified Percentage.
Examples of Ratable in a sentence
Holdco Borrower shall have no obligation to prepay any amounts in respect of any declining Holdco Term Financing Party’s Ratable portion of the prepayment offer.
Each of the Holdco Term Financing Parties shall have the right, but not the obligation, to accept or reject its Ratable portion of the prepayment offer by Holdco Borrower.
More Definitions of Ratable
Ratable means apportioned or allocated pro rata according to the relative values of interests to which the term is to be applied. "Ratably" has a corresponding meaning.
Ratable means the delivery of Product throughout each Month, in daily quantities that are approximately equal to the volume of Products delivered during the Month divided by the number of days in that Month.
Ratable means, for any period of calculation, with respect to any Lender, that proportion which (x) the average daily unused Committed Sum of such Lender during such period bears to (y) the amount of the average daily unused Commitment during such period.
Ratable means or refer to the delivery of Product throughout each Month, in daily quantities that are approximately equal to the volume of Products delivered during the Month divided by the number of days in that Month.
Ratable or “ratably” shall mean, with respect to any Lender, its share of the Loan based on the proportion of the Outstanding Principal Balance advanced or held by such Lender to the total outstanding principal amount of the Loan. The Ratable Share of each Lender on the date of this Agreement after giving effect to the funding of the Loan on the Closing Date is set forth on Schedule XIII attached hereto and made a part hereof.
Ratable means, for any calculation period, with respect to any Lender, the proportion that (A) the average Unused Commitment of such Lender during the period bears to (B) the aggregate amount of the average Unused Commitment during the period.
Ratable means the Contract Quantity that will be delivered and received, or exchanged, on a pro rata basis (i) on each Day during the Delivery Month or (ii) during the specific time period(s) as set forth in the Confirmation.