Respective Proportion definition

Respective Proportion means, with respect to a Party, the proportion that such Party’s (and its Affiliates) planned equity participation in Holdco bears to the aggregate amount of all of the Parties’ (and their respective Affiliates) planned equity participation in Holdco.

Respective Proportion means, in respect of a Shareholder, the proportion of the issued capital of BoatCo held by that Shareholder from time to time; ‘Scheme’ means the scheme whereby BoatCo will issue Shares pursuant to the Offer and purchase the Vessel with the proceeds of the issue of those Shares; ‘Services’ has the meaning given to it in the Management Agreement;

Respective Proportion means, with respect to a Party, the proportion that such Party’s planned equity participation in Preferred Shares bears to the aggregate amount of all of the Parties’ planned equity participation in Preferred Shares.

Examples of Respective Proportion in a sentence

• Each Party shall be entitled to receive, on a pro rata basis in accordance with its Respective Proportion, any termination or other fees or amounts payable to Holdco or Merger Sub by the Target pursuant to the Merger Agreement, net of the expenses required to be borne by them pursuant to Section 3.01(b).

• In consideration for the use of the Vessel in accordance with clause 3.2: a each Shareholder must pay to BoatCo a use charge (‘Use Charge’) equal to that Shareholder’s Respective Proportion of the Management Charge; and b each Shareholder may also be required to pay an additional charge (‘Additional Use Charge’) equal to that Shareholder’s Respective Proportion of any Additional Charge charged to BoatCo by the Manager.

• The obligations of each Party under this Agreement are several (and not joint or joint and several) and, except as set forth in Section 3.01(a) and Section 3.01(c), each Party’s obligation for fees and costs pursuant to Article III is capped at such Party’s Respective Proportion.

• In this agreement, Respective Proportion means: 50% for JPM and 50% for UBS.

• Subject to the provisions of Section 4.01, if the Transaction is not consummated or this Agreement is terminated prior to the Closing of the Transaction (and Section 3.01(c) below does not apply), the Parties agree to share the Consortium Transaction Expenses allocated among the Parties in accordance with the Respective Proportion of each Party.

More Definitions of Respective Proportion

Respective Proportion means the number of Shares held by a Shareholder divided by the total number of Shares.

Respective Proportion means, with respect to an Entitled Minority Shareholder, a fraction, the numerator of which shall be the number of Exchange Shares validly held by such Entitled Minority Shareholder at the relevant time of calculation and the denominator of which shall be the sum of (i) the number of issued and outstanding Class A Ordinary Shares held by Melco and its Affiliates (excluding the Company and its Subsidiaries), (ii) the number of Exchange Shares held by all Entitled Minority Shareholders, and (iii) the number of Class A Ordinary Shares issuable if all Participants (as defined in the Participation Agreement) exercised their Exchange Rights with respect to the entirety of the remaining Participation Interests (as defined in the Participation Agreement).

Respective Proportion means, with respect to a Consortium Member, the proportion that such Consortium Member’s planned equity investment in the Transaction bears to all Consortium Members’ aggregate planned investment in the Transaction (including, for the avoidance of doubt, planned investment through rollover of Company Stock).

Respective Proportion means, (a) with respect to the Sponsor Parties, 50%, and (b) with respect to the Founder Parties, 50%, which will be further equally allocated between Mr. Tang and Igomax on the one hand and Mr. Hsieh and Bubinga on the other hand, or any other proportion mutually agreed by the Parties in the Definitive Documents.

Respective Proportion means the proportion the number of Securities on issue held by a Shareholder bears to the total number of Securities on issue held by all Shareholders.

Respective Proportion means, in relation to each Vendor, the percentage set out opposite such Vendor’s name in column 4 (Respective Proportion) of the table in Schedule 1;

Respective Proportion means in respect of each Shareholder, the proportion that the aggregate number of Shares held by that Shareholder bears to the aggregate number of Shares on issue at the relevant time, except that for the purposes of clause 9.3, the Seller’s Shares are excluded from the number of issued Shares.