Pro Rata Allocation. The allocation of the principal portion of Realized Losses to the Senior Certificates (other than the Class R and Class P Certificates), on the one hand, and the Class B Certificates, on the other hand, pro rata according to their respective aggregate Class Principal Balances, in reduction thereof in the manner provided in the succeeding paragraphs of this definition (except if the loss is recognized with respect to a Class P Mortgage Loan, in which case the applicable Class P Fraction of such loss shall first be allocated to the Class P Certificates, and the remainder of such loss shall be allocated as set forth above), and the allocation of the interest portion of Realized Losses to all Classes of Certificates (other than the Class R and Class P Certificates) pro rata according to the amount of interest accrued but unpaid on each such Class, in reduction thereof, and then to the Senior Certificates (other than the Class R, Class P and Class X Certificates), on the one hand, and the Class B Certificates, on the other hand, pro rata according to their respective aggregate Class Principal Balances, in reduction thereof in the manner provided in the succeeding paragraphs of this definition. The principal portion of a Realized Loss on any Mortgage Loan allocated to the Class A Certificates pursuant to this definition of "Pro Rata Allocation" shall be allocated in reduction of the respective Class Principal Balances of the Subgroup 1, Subgroup 2 and Subgroup 3 Certificates as follows:
Pro Rata Allocation shall have the meaning set forth in Section 2.6(b)(i)(A).
Pro Rata Allocation. (i) With respect to Realized Losses on Group I Loans and Group III Loans, the allocation of the principal portion of such losses to all Classes of the Group I-L, Group III-L and Group C-B-L Regular Interests (other than the related Class P-L Regular Interests) pro rata according to their respective Class Principal Balances in reduction thereof (except if the loss is recognized with respect to a Class I-P or Class III- P Mortgage Loan, in which case the applicable Class P Fraction of such loss will first be allocated to the related Class P-L Regular Interests, and the remainder of such loss will be allocated as set forth above), and the allocation of the interest portion of such losses to all Classes of the Group I-L, Group III-L and Group C-B-L Regular Interests (other than the related Class P-L Regular Interests) pro rata according to the amount of interest accrued but unpaid on each such Class, in reduction thereof, and then to such Classes (other than the related Class P-L and Class X-L Regular Interests) pro rata according to their respective Class Principal Balances in reduction thereof and (ii) with respect to Realized Losses on Group II Loans and Group IV Loans, the allocation of the principal portion of such losses to all Classes of the Group II-L, Group IV-L and Group D-B-L Regular Interests and the Class R-1 and Class R-2 Certificates pro rata according to their respective Class Principal Balances in reduction thereof (except if the loss is recognized with respect to a Class II-P or Class IV- P Mortgage Loan, in which case the applicable Class P Fraction of such loss will first be allocated to the Class A-P-L Regular Interest, and the remainder of such loss will be allocated as set forth above), and the allocation of the interest portion of such losses to all Classes of the Group II-L, Group IV-L and Group D-B-L Regular Interests and the Class R-1 and Class R-2 Certificates pro rata according to the amount of interest accrued but unpaid on each such Class, in reduction thereof, and then to such Classes pro rata according to their respective Class Principal Balances in reduction thereof. Any losses allocated among the outstanding Classes of REMIC II Regular Interests pursuant to this definition of "Pro Rata Allocation" shall also be allocated to the Corresponding Classes of Certificates in the same manner and amounts as they reduce such attributes of such Classes of REMIC II Regular Interests; provided, however, that (i) the interest portion of su...
Examples of Pro Rata Allocation in a sentence
The ARCO/Equistar Settlement Pro Rata Allocation shall be used to determine the aggregate distributions allocable to each of the four following subcategories of Senior Secured Claims: (i) claims arising under the Senior Secured Credit Agreement, (ii) claims arising under the Secured Hedge Agreements, (iii) the Arco Notes Claims and (iv) the Equistar Notes Claims.
In case of Pro Rata Allocation and Card Dealing Allocation, Subsections6.2.5.1 d) and 6.2.5.1 e) shall be taken into consideration during the hereinabove mentioned order matching.
Fees for services rendered shall be allowable only when supported by evidence of the nature and scope of the service furnished.
Scoring by panel membersSuggested time limit: 5 minutes Following the panel’s discussion, the Chair will ask the Primary and Secondary Spokespersons to confirm their five criterion scores noting that these may change as a result of the panel discussion.
Each Eligible Holder shall receive Subscription Rights entitling such holder to purchase up to its Pro Rata Allocation of the Rights Offering Shares.
More Definitions of Pro Rata Allocation
Pro Rata Allocation. The allocation of the principal portion of Realized Losses to all Classes of Certificates pro rata according to their respective Class Principal Balances in reduction thereof, and the allocation of the interest portion of Realized Losses to all Classes of Certificates pro rata according to the amount of interest accrued but unpaid on each such Class, in reduction thereof, and then to such Classes pro rata according to their respective Class Principal Balances in reduction thereof.
Pro Rata Allocation as to each Borrower, the percentage amount stated in Schedule Ia; provided that, if no Event of Default shall have occurred and be continuing, Columbia Management, on behalf of the Borrowers and without the consent of the Lenders, by written notice to the Administrative Agent, may change the Pro Rata Allocations from time to time in Columbia Management’ sole discretion; provided further, that while an Event of Default has occurred and is continuing with respect to a Borrower, the Pro Rata Allocations may be changed in such manner as long as the Pro Rata Allocation of any such defaulting Borrower is not increased; and provided further, that, after any change in Pro Rata Allocations, the aggregate amount of all Pro Rata Allocations shall equal 100%. The delivery of such written notice shall constitute a representation and warranty by the Borrowers as of the date thereof that no Event of Default has occurred and is continuing with respect to each Borrower whose Pro Rata Allocation has been increased.
Pro Rata Allocation. The allocation of the principal portion of Realized Losses to all Classes of REMIC I Regular Interests pro rata according to their respective Class Principal Balances in reduction thereof, and the allocation of the interest portion of Realized Losses to all Classes of REMIC I Regular Interests pro rata according to the amount of interest accrued but unpaid on each such Class, in reduction thereof, and then to such Classes pro rata according to their respective Class Principal Balances in reduction thereof. Any losses allocated to an outstanding Class of REMIC I Regular Interests pursuant to this definition of “Pro Rata Allocation” in reduction of the Class Principal Balance thereof shall also be allocated to the Corresponding Class of Certificates in reduction of the Class Principal Balance thereof by the same amount. Prospectus: The Prospectus, dated May 20, 2003, and the Prospectus Supplement, dated July 22, 2003, of the Company.
Pro Rata Allocation. The allocation of the principal portion of certain losses relating to a Loan to the Senior Certificates (other than the Class A-P Certificates and Principal Only Component and Interest Only Components) and/or to the Subordinate Certificates, as applicable, pro rata according to their respective Certificate Principal Balances or Component Principal Balances in the case of the Class A-5 Certificates or, in the case of any Accrual Certificates or Accrual Component, the Certificate Principal Balance of that Certificate or Component Principal Balance of that Accrual Component on the Closing Date, if lower (except (i) if the loss is recognized with respect to a Discount Loan, in which event 64.6011562936% of the Discount Fraction of such loss will first be allocated to the Class A-P Certificates and 35.3988437064% of the Discount Fraction of such loss will first be allocated to Component A-5-4 of the Class A-5 Certificates, and the remainder of such loss will be allocated as described above in this definition without regard to this parenthetical and (ii) all losses allocable to the Class A-5 Certificates (other than losses allocable to Component A-5-4 of the Class A-5 Certificates which will be reimbursed as provided in this Agreement) will be allocated to the Class A-8 Certificates until the Class Principal Balance of the Class A-8 Certificates has been reduced to zero) in reduction thereof, and the allocation of the interest portion of such losses to such Certificates or Components, as applicable, pro rata according to the amount of interest accrued but unpaid on each such Class or Component in reduction thereof and then pro rata according to their outstanding Certificate Principal Balances or Component Principal Balances or, in the case of the Accrual Certificates or Accrual Component, the Certificate Principal Balance of that Accrual Certificate or Component Principal Balance of that Accrual Component on the Closing Date, if lower (except all losses attributable to interest allocable to the Class A-5 Certificates will be allocated to the Class A-8 Certificates until the Class Principal Balance thereof has been reduced to zero), in reduction thereof.
Pro Rata Allocation. For each Distribution Date on which there are no Capped Classes, the allocation of the principal portion of Realized Losses to all Classes of REMIC I Regular Interests pro rata according to their respective Class Principal Balances in reduction thereof, and the allocation of the interest portion of Realized Losses to all Classes of REMIC I Regular Interests pro rata according to the amount of interest accrued but unpaid on each such Class, in reduction thereof, and then to such Classes pro rata according to their respective Class Principal Balances in reduction thereof. For each Distribution Date on which there are one or more Capped Classes, the allocation of the principal portion of Realized Losses to all Classes of REMIC I Regular Interests pro rata according to their respective Class Principal Balances in reduction thereof, and the allocation of the interest portion of Realized Losses to all Classes of REMIC I Regular Interests pro rata according to (1) for each Class of Class A-6-L and Class X-X Regular Interests, the amount of interest accrued but unpaid on each such Class and (2) for each Class of Class A-L Regular Interests (other than the Class A-6-L Regular Interest), the sum of (x) accrued but unpaid interest on the Corresponding Class, (y) any Cap Coverage Amount for the Corresponding Certificate Class for such Corresponding Class for such Distribution Date (without giving effect to the proviso in the definition of “Cap Coverage Amount”) and (z) 1/12 of the product of the Class X Component 1 Rate and the Class Principal Balance for such Class immediately before such Distribution Date, in reduction of accrued but unpaid interest on such REMIC I Regular Interests, and then to such Classes pro rata according to their respective Class Principal Balances in reduction thereof. Realized Losses allocated to any Class of REMIC I Regular Interests pursuant to this definition of “Pro Rata Allocation” in reduction of the Class Principal Balance thereof shall also be allocated to the Corresponding Class of Class A-M Regular Interests or Class A-6 or Class B Certificates, as applicable, in reduction of the Class Principal Balance thereof by the same amount. The aggregate of Realized Losses allocable to interest allocated to the Class A-L Regular Interests pursuant to the first or second paragraph, as applicable, of this definition of “Pro Rata Allocation” in reduction of accrued but unpaid interest thereon shall be allocated among the Class A-6 and Class X C...
Pro Rata Allocation. The allocation of the principal portion of Realized Losses to all Classes of REMIC I Regular Interests pro rata according to their respective Class Principal Balances in reduction thereof, and the allocation of the interest portion of Realized Losses to all Classes of REMIC I Regular Interests pro rata according to the amount of interest accrued but unpaid on each such Class, in reduction thereof, and then to such Classes pro rata according to their respective Class Principal Balances in reduction thereof. Any losses allocated to an outstanding Class of REMIC I Regular Interests pursuant to this definition of "Pro Rata Allocation" in reduction of the Class Principal Balance thereof shall also be allocated to the Corresponding Class of Certificates in reduction of the Class Principal Balance thereof by the same amount.
Pro Rata Allocation. On any Distribution Date with respect to (a) the allocation of the principal portion of certain losses relating to a Group II Loan to the related Group II Senior Certificates (other than the Interest Only Certificates and Class II-PO Certificates) and/or to the Group II Subordinate Certificates, as applicable, pro rata according to their respective aggregate Certificate Principal Balances on such date of allocation (except that if the loss is incurred with respect to a Discount Loan, the related Discount Fraction of such loss will be allocated to the Class II-PO Certificates, and the remainder of such loss will be allocated as described above in this definition without regard to this parenthetical), and (b) the allocation of interest portion of certain losses relating to a Group II Loan to the related Group II Senior Certificates (other than the Class II-PO Certificates) and/or to the Group II Subordinate Certificates, as applicable, pro rata, first according to the Group II Interest Distribution Amounts due to such Classes on such date of allocation, in reduction thereof until the amount of interest accrued but unpaid on such Distribution Date has been reduced to zero and then pro rata, according to their outstanding Certificate Principal Balances in reduction thereof until the Certificate Principal Balances thereof have been reduced to zero.