Ratable Proportion definition

Ratable Proportion means, with reference to any Distribution on account of any Allowed Claim in any Class, the ratio (expressed as a percentage) that the amount of the Allowed Claim bears to the aggregate amount of all Allowed and Disputed Claims in that Class.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Ratable Proportion means the ratio (expressed as a percentage) of the amount of an Allowed Claim in a Class to the aggregate amount of all Allowed Claims in the Class.

Ratable Proportion means, with reference to any Distribution on account of any Allowed General Unsecured Claim in any Class, the ratio (expressed as a percentage) that the amount of such Allowed Claim bears to the aggregate amount of all Allowed and Disputed General Unsecured Claims held by Consenting Creditors against the Debtors without taking into account any individual Debtor Group.

Examples of Ratable Proportion in a sentence

• Each holder of an Allowed GC Holdings Notes Claim is hereby allocated its Ratable Proportion of 37.95% of the beneficial interests in the Liquidating Trust.

• Each holder of an Allowed General Unsecured Claim is hereby allocated its Ratable Proportion of 5.89% of the beneficial interests in the Liquidating Trust.

• From and after the Effective Date, any holder of a Disputed Claim in Class F whose Claim becomes an Allowed General Unsecured Claim as a result of settlement or resolution of such Disputed Claim will be admitted as a Beneficiary and will receive its Ratable Proportion of the 5.89% of beneficial interests allocated to Allowed Class F Claims.

• On the next scheduled distribution date after a Disputed Class F Claim becomes an Allowed Claim, the Liquidating Trustee shall distribute to the holder of such Claim such holder's Ratable Proportion of the property net of taxes distributable with respect to Allowed Class F Claims.

• Each holder of an Allowed GCNA Notes Claim is hereby allocated its Ratable Proportion of 6.16% of the beneficial interests in the Liquidating Trust.

More Definitions of Ratable Proportion

Ratable Proportion means, with reference to any distribution on account of any Allowed Claim or Allowed Equity interest in any class or subclass, as applicable, a distribution equal in amount to the ratio(as a percentage) that the amount of such Allowed Claim or Allowed Equity interest, as applicable, bears to the aggregate amount of Allowed Claims or Allowed Equity Interests of the same class or subclass, as applicable.

Ratable Proportion means, with reference to any distribution on account of any Allowed Claim or Allowed Equity Interest in any class or subclass, as applicable, a distribution equal in amount to the ratio (expressed as a percentage) that the amount of such Allowed Claim or Allowed Equity Interest, as applicable, bears to the aggregate amount of Allowed Claims or Allowed Equity Interests of the same class or subclass.

Ratable Proportion means, (i) with reference to any Distribution on account of any Allowed Claim in any Class, the ratio (expressed as a percentage) that the amount of such Allowed Claim bears to the aggregate amount of Allowed Claims of the same Class plus all Disputed Claims in such Class, and (ii) with reference to any Distribution on account of any Allowed Equity Interest in any Class, the ratio (expressed as a percentage) that the amount (in number of shares) of such Allowed Equity Interest bears to the aggregate amount (in number of shares) of Allowed Equity Interests of the same Class plus all Disputed Equity Interests in such Class.

Ratable Proportion means, with reference to any Distribution on account

Ratable Proportion means the ratio (expressed as a percentage) of the amount of an Allowed Claim in a Class to the aggregate amount of all Allowed Claims in the Class, except in the case of Claim Holders listed on the Rights Participation schedule it means, solely for the purposes of determining participation in the Rights Offering, the ratio of the Rights Participation Claim Amount of any particular Claim Holder so listed to the aggregate of the Rights Participation Claim Amounts for all Claim Holders listed on such Schedule.

Ratable Proportion means, with reference to any Distribution on account of any Claim in any Class, a Distribution equal in amount to the ratio (expressed as a percentage) that the amount of such Claim bears to the aggregate amount of Claims in the same Class, as applicable.

Ratable Proportion means, with reference to any Distribution on account of any Allowed General Unsecured Claim on one of the following Classes: (a) World Access Class 3, (b) WATP Class 3, (c) WorldxChange Class 3, (d) WATG Class 3 or (e) Facilicom Class 3, the ratio (expressed as a percentage) that the amount of such Allowed General Unsecured Claim in such Class bears to the aggregate amount of Allowed General Unsecured Claims in such Class plus all Disputed Claims in such General Unsecured Claim Class, in each case excluding Intercompany Claims.