Adjusted Pro Rata Share means, (i) with respect to each Liquidity Bank and each Institutional Lender that is a Non-Defaulting Lender, (x) with respect to the determination of Advances, the Pro Rata Share with respect to each Liquidity Bank and each Institutional Lender determined when assessing a value of zero to the “Undrawn Amount” of all Defaulting Lenders in the calculation thereunder, and (y) with respect to the allocation of Collections on any Payment Date or otherwise in connection with any distribution hereunder, the Pro Rata Share with respect to each Liquidity Bank and each Institutional Lender determined when assessing a value of zero to the “Advances Outstanding” of all Defaulting Lenders in the calculation thereunder, and (ii) with respect to each Defaulting Lender, 0%.
Adjusted Pro Rata Share means, for each Committed Investor, the Commitment of such Committed Investor within a given Investor Group divided by the sum of the Commitments of all of the Committed Investors in such Investor Group, adjusted as necessary to give effect to any assignments pursuant to Section 12.1(b).
Adjusted Pro Rata Share means, with respect to any Lender, the percentage obtained by dividing (i) the Revolving Loan Exposure of that Lender by (ii) the aggregate Revolving Loan Exposure of all Lenders other than Daily Funding Lender.
Examples of Adjusted Pro Rata Share in a sentence
AGREED TO BY: GULF COAST WATER AUTHORITY AGREED TO BY: CITY OF GALVESTON, TEXAS President, Board of Directors City Manager ATTESTED BY: ATTESTED BY: Secretary, Board of Directors City Secretary SEAL APPROVED AS TO FORM: City Attorney [Execution Page to Amended and Restated Interim Water Supply Agreement] Schedule I Pro Rata Share and Adjusted Pro Rata Share (Updated January 2023)1 I.
More Definitions of Adjusted Pro Rata Share
Adjusted Pro Rata Share means, with respect to any LC Participant at any time, a fraction, expressed as a percentage, (a) the numerator of which is LC Funding Exposure of such LC Participant, and (b) the denominator of which is the Adjusted LC Participation Amount.
Adjusted Pro Rata Share shall have the meaning ascribed to it in the Intercreditor Agreement.
Adjusted Pro Rata Share means a fraction, the numerator of which is the number of Fully-Diluted Shares held by a shareholder participating in a Subject Sale, and the denominator of which is the total number of Fully- Diluted Shares held by all shareholders participating in a Subject Sale, excluding the number of Fully-Diluted Shares held by each of the participating shareholders who elect not to sell their entire Pro Rata Share in a Subject Sale.
Adjusted Pro Rata Share means, (i) with respect to each Lender that is a Non-Defaulting Lender, (x) with respect to the determination of Advances, the Pro Rata Share with respect to each Lender determined when assessing a value of zero to the “Undrawn Amount” of all Defaulting Lenders in the calculation thereunder, and (y) with respect to the allocation of Collections on any Payment Date or otherwise in connection with any distribution hereunder, the Pro Rata Share with respect to each Lender determined when assessing a value of zero to the “Advances Outstanding” of all Defaulting Lenders in the calculation thereunder, and (ii) with respect to each Defaulting Lender, 0%.
Adjusted Pro Rata Share means, for each Financial Institution, the Back-up Commitment of such Financial Institution within a given Purchase Group divided by the sum of the Back-up Commitments of each Financial Institution in such Purchase Group, adjusted as necessary to give effect to any assignments pursuant to Section 12.1(b) and to the termination of the Back-up Commitment of any Terminating Financial Institution in such Purchase Group.
Adjusted Pro Rata Share means with respect to each Selling Party, the quotient obtained by dividing (a) the shares of Company Common Stock held beneficially or of record by such Selling Party immediately prior to the Closing (taking into account the conversion of all Preferred Stock immediately prior to Closing) by (b) the shares of Company Common Stock held beneficially or of record by all Selling Parties immediately prior to the Closing (taking into account the conversion of all Preferred Stock immediately prior to Closing).
Adjusted Pro Rata Share means, as to any Bank, SPT Bank or, in the case of an SPT Bank that together with any other SPT Bank comprises a Cross-Affiliate Pair, such Cross-Affiliate Pair, in each case, as of the opening of business on the date of the occurrence of the applicable event giving rise to the allocation of funds pursuant to Section 2.01 hereof, the percentage equivalent (expressed as a decimal, rounded to the ninth decimal place) at such time of (a) the sum of such Bank’s, SPT Bank’s or Cross-Affiliate Pair’s (as the case may be): (i) Effective Amount, plus (ii) Permitted SPT Bank Close-Out Amounts, divided by (b) the sum of (x) the Effective Amounts of all the Banks, plus (y) the Permitted SPT Bank Close-Out Amounts of all Banks, SPT Banks, and Cross-Affiliate Pairs. For the avoidance of doubt, “Adjusted Pro Rata Share” shall be calculated for an SPT Bank or a Cross-Affiliate Pair on a stand alone basis only to the extent that such SPT Bank or both SPT Banks comprising such Cross-Affiliate Pair are not also Banks.