Pro-rata Application Sample Clauses

Pro-rata Application. Upon commencement of employment, employees who have not worked, or who are not regarded as having worked a complete ten day/two week cycle, shall receive pro-rata accrual entitlements for the first RDO or group of RDOs falling after their commencement of employment. Thereafter, for the duration of employment with the Employer, RDOs will be, subject to accrual in accordance with this Clause 2, be paid in full as they occur.
AutoNDA by SimpleDocs
Pro-rata Application. If at any time insufficient funds are received by and available to the Administrative Agent to pay fully all amounts of principal, unreimbursed LC Disbursements, interest and fees then due hereunder, such funds shall be applied (i) first, towards payment of interest and fees then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of interest and fees then due to such parties, and (ii) second, towards payment of principal and unreimbursed LC Disbursements then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of principal and unreimbursed LC Disbursements then due to such parties.
Pro-rata Application. If at any time insufficient funds are received by and available to the Administrative Agent to pay fully all amounts of principal, interest and fees then due hereunder, such funds shall be applied (i) first, towards payment of interest and fees then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of interest and fees then due to such parties, and (ii) second, towards payment of principal then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of principal then due to such parties.
Pro-rata Application. Unless otherwise provided for in this Collective Agreement or unless the context otherwise requires, the provisions of this Collective Agreement shall be read and interpreted in respect to any particular Continuous Part-Time Member pro rata, based on the percentage workload which that particular Continuous Part-Time Member is then working.
Pro-rata Application. The provisions of this Agreement shall apply on a pro-rata basis for Employees employed less than 38 hours per week and/or less than 52 weeks per annum.
Pro-rata Application. If several of the claims mentioned above have the same ranking, the monies received shall be applied pro rata.
Pro-rata Application. All payments or other sums received by Xxxxx Fargo and applied to the Revolving Notes shall be applied on a pro rata basis.
AutoNDA by SimpleDocs
Pro-rata Application. If funds remaining in the Revenue Account at any level in Section 4.1 are insufficient to pay all amounts set forth in a Disbursement Requisition at such level, funds shall be applied on a pro rata basis among payees and accounts specified in a Disbursement Requisition at such level or, solely with respect to clauses SECOND, FOURTH and NINTH of Section 4.1 and so long as there is no Default or Event of Default, as otherwise directed by the Issuer in writing.
Pro-rata Application. All payments and prepayments of Loans hereunder shall be applied to repay the Loans of each Lender pro rata based on the total amount of outstanding Loans made by each Lender.
Pro-rata Application. All prepayments pursuant to this Section 2.4(A) shall be applied first to the Delayed Draw Term Notes maturing on the Delayed Draw Term Notes First Maturity Date on a pro rata basis until they are paid in full, second to the Delayed Draw Term Notes maturing on the Delayed Draw Term Notes Second Maturity Date on a pro rata basis until they are paid in full and finally to the Existing Notes on a pro-rata basis, and shall be subject to the terms of the Fee Letters.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!