Common use of Pro Rata Expenses Clause in Contracts

Pro Rata Expenses. Each Underwriter agrees to pay the portion of such expenses payable by the Underwriters represented by such Underwriter’s pro rata share (based on the proportion that the sum of the principal amount of 2027 Notes and the principal amount of the 2042 Notes set forth opposite such Underwriter’s name in Schedule A hereto bears to the sum of the aggregate principal amount of 2027 Notes and the aggregate principal amount of the 2042 Notes, respectively, set forth opposite the names of all Underwriters) of the offering and sale of the 2027 Notes and 2042 Notes (with respect to each Underwriter, the “Pro Rata Expenses”). Notwithstanding anything contained in the International Capital Market Association Primary Market Handbook, each Underwriter hereby agrees that the Settlement Lead Manager (as defined in Section 15 hereof) may allocate the Pro Rata Expenses to the account of such Underwriter for settlement of accounts (including payment of such Underwriter’s fees by the Settlement Lead Manager) as soon as practicable but in any case no later than 90 days following the Closing Time.

Appears in 1 contract

Samples: Purchase Agreement (Realty Income Corp)

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Pro Rata Expenses. Each Underwriter agrees to pay the portion of such expenses payable by the Underwriters represented by such Underwriter’s pro rata share (based on the proportion that the sum of the principal amount of 2027 2030 Notes and the principal amount of the 2042 2034 Notes set forth opposite such Underwriter’s name in Schedule A hereto bears to the sum of the aggregate principal amount of 2027 2030 Notes and the aggregate principal amount of the 2042 2034 Notes, respectively, set forth opposite the names of all Underwriters) of the offering and sale of the 2027 2030 Notes and 2042 2034 Notes (with respect to each Underwriter, the “Pro Rata Expenses”). Notwithstanding anything contained in the International Capital Market Association Primary Market Handbook, each Underwriter hereby agrees that the Settlement Lead Manager (as defined in Section 15 hereof) may allocate the Pro Rata Expenses to the account of such Underwriter for settlement of accounts (including payment of such Underwriter’s fees by the Settlement Lead Manager) as soon as practicable but in any case no later than 90 days following the Closing Time.

Appears in 1 contract

Samples: Purchase Agreement (Realty Income Corp)

Pro Rata Expenses. Each Underwriter agrees to pay the portion of such expenses payable by the Underwriters represented by such Underwriter’s pro rata share (based on the proportion that the sum of the principal amount of 2027 Notes and the principal amount of the 2042 2033 Notes set forth opposite such Underwriter’s name in Schedule A hereto bears to the sum of the aggregate principal amount of 2027 Notes and the aggregate principal amount of the 2042 2033 Notes, respectively, set forth opposite the names of all Underwriters) of the offering and sale of the 2027 Notes and 2042 2033 Notes (with respect to each Underwriter, the “Pro Rata Expenses”). Notwithstanding anything contained in the International Capital Market Association Primary Market Handbook, each Underwriter hereby agrees that the Settlement Lead Manager (as defined in Section 15 hereof) may allocate the Pro Rata Expenses to the account of such Underwriter for settlement of accounts (including payment of such Underwriter’s fees by the Settlement Lead Manager) as soon as practicable but in any case no later than 90 days following the Closing Time.

Appears in 1 contract

Samples: Purchase Agreement (Realty Income Corp)

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Pro Rata Expenses. Each Underwriter agrees to pay the portion of such expenses payable by the Underwriters represented by such Underwriter’s pro rata share (based on the proportion that the sum of the principal amount of 2027 2031 Notes and the principal amount of the 2042 2039 Notes set forth opposite such Underwriter’s name in Schedule A hereto bears to the sum of the aggregate principal amount of 2027 2031 Notes and the aggregate principal amount of the 2042 2039 Notes, respectively, set forth opposite the names of all Underwriters) of the offering and sale of the 2027 2031 Notes and 2042 2039 Notes (with respect to each Underwriter, the “Pro Rata Expenses”). Notwithstanding anything contained in the International Capital Market Association Primary Market Handbook, each Underwriter hereby agrees that the Settlement Lead Manager (as defined in Section 15 hereof) may allocate the Pro Rata Expenses to the account of such Underwriter for settlement of accounts (including payment of such Underwriter’s fees by the Settlement Lead Manager) as soon as practicable but in any case no later than 90 days following the Closing Time.

Appears in 1 contract

Samples: Purchase Agreement (Realty Income Corp)

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