Ratable Basis definition

Ratable Basis means the purchase by Customer of one half of the Monthly Minimum Requirement during each half of each Supply Period.

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Ratable Basis means, with respect to any Investor, the ratable interest or amount of such Investor determined ratably in accordance with the portion of the Aggregate Convertible Debentures held by such Investor in relation to the total amount of the Aggregate Convertible Debentures held by all Investors collectively.

Ratable Basis means the distribution of Proceeds to Dacotah and EIC based on the proportions of the balances of the Dacotah Obligations and EIC Obligations as to the whole of the Pari Passu Obligations at the time the Proceeds are distributed from time to time. By way of example, if at the time of a distribution of Proceeds, the balance of the Dacotah Obligations is $3,000,000.00 and the balance of the EIC Obligations is $1,000,000.00, Dacotah will receive 75% of the distributed Proceeds and EIC will receive 25% of the distributed Proceeds.

Examples of Ratable Basis in a sentence

• Unless otherwise agreed by Supplier, only an order that is consistent with the then-current Forecast and that (i) does not exceed [*]1 tons of Product for deliveries in that month, (ii) is consistent with the requirement to take delivery of the Product on a Ratable Basis, and (iii) does not exceed [*]1 tons of Product for deliveries in such Contract Year, shall be effective and binding on Supplier (any such binding order is referred to as an “Order”).

• Customer agrees to purchase and take delivery of Product on a Ratable Basis during each calendar month.

• To the extent that this Agreement and the Note Purchase Agreement both require mandatory prepayments following the occurrence of an Equity Monetization Event as described in clause (e) of this Section 2.7, the parties agree that such mandatory prepayments shall be made on a Ratable Basis (as defined in the Intercreditor Agreement) subject to and in accordance with the Intercreditor Agreement (including, for the avoidance of doubt, Section 5.15(a) of the Intercreditor Agreement).

• Seller may restrict or deny supply of branded and unbranded motor fuels on any given day when Purchaser is not purchasing such product on a Ratable Basis; however, any such restriction imposed by Seller on any given day will not reduce the Committed Volume for that Month.

• Seller may restrict or deny supply of a Product on any given Day under any Supply Commitment when Buyer is not purchasing such Product on a Ratable Basis; provided however, that Seller will use commercially reasonable efforts to accommodate a request by Buyer to purchase on a non-Ratable Basis and any such restriction imposed by Seller on any given Day will not reduce the Terminal Volume for that Product for the applicable Supply Commitment.

More Definitions of Ratable Basis

Ratable Basis means the purchase by Purchaser on a daily basis of a volume of branded and unbranded motor fuels that is less than 200% of the Daily Committed Volume.

Ratable Basis is defined in the Addendum to the Agreement.

Ratable Basis means, with respect to the provision of any security to secure any Additional Senior Debt, security which is also (i) granted to the Collateral Agent pursuant to a Security Document, (ii) provided for the benefit of the Noteholders to secure the then outstanding Notes on a pari passu and pro rata basis with such Additional Senior Debt, and (iii) the subject of an Intercreditor Agreement.

Ratable Basis means, in respect of any applicable prepayments simultaneously made in respect of the Loans and the loans under the Verizon Debt Financing, on a ratable basis according to the outstanding principal amount of the Loans, Letter of Credit Usage and unused Commitments (in each case, prior to giving effect to any such prepayment) on the one hand, and the outstanding principal amount of the loans and unused commitments under the Verizon Debt Financing (in each case, prior to giving effect to any such prepayment), on the other hand.

Ratable Basis means weekly unbranded volume that does not change from week to week by more than 10%.

Ratable Basis means weekly branded gasoline volume that does not change from week to week by [***]. If the Company fails to comply with these Performance Criteria, CITGO may terminate the Transitional Addendum with 30 days notice either written or by email.

Ratable Basis means, ratably based on the ratio of the amount, at issue, owing to a Series Trustee to the Aggregate of such amounts, at issue, owing to all Series Trustees;