Proportionate Payments. If, upon any liquidation, dissolution or winding up, the assets of the Corporation shall be insufficient to make payment in full to all holders of the Series Preferred, then such assets shall be distributed first, among the holders of the Series B/B-1 Preferred at the time outstanding, ratably in proportion to the full amounts to which they would otherwise be
Proportionate Payments. All payments to be made or expenses to be ---------------------- borne by the Contributing Defendants on a joint or collective basis shall be allocated among the Contributing Defendants in the following proportions: Philip Morris 70.450%; Lorillard 28.180%; and Liggett 1.370%. Each Xxxxxxbxxxxx Defendant that pays or bears more xxxx xts proportionate share of any payment or expense shall be entitled to reimbursement of such excess from each other Contributing Defendant to the extent that such other Contributing Defendant did not pay or bear its proportionate share of such payment or expense.
Proportionate Payments. Benefits for individual working days of disability shall be calculated on a proportionate basis with the relevant daily rate being determined as 1/5 of the corresponding benefit for the full working week.
Proportionate Payments. Each Full and Associate Member will pay dues. Municipalities who are Full Members and whose population meets or exceeds 10,000 residents according to the most recent final U.S. census shall pay an annual membership fee of $5,000. Counties and Municipalities who are Full Members and whose population is below 10,000 residents and universities and colleges shall pay an annual membership fee of $2,000. Each Associate member will pay a membership fee of $1,000 per year, which may be waived for work in lieu of payment if approved by a simple majority vote of the entire RRSG full members present or not. Each Partner will not be subject to any payment, but are expected to provide non monetary contributions. All funds are payable directly to the trustee who will develop a fund specifically for this purpose and administer it accordingly. All membership dues shall be paid by March 1st for that calendar year. If an organization becomes a Full or Associate Member in mid-year they shall be prorated for membership dues that are payable upon joining. The Trustee may receive credit, if approved by a simple majority vote of the entire RRSG full members present or not, towards their membership costs for services in lieu of payment. Any Municipality may receive credit, if approved by a simple majority vote of the entire RRSG full members present or not, towards their membership costs for providing adequate work space and resources to anyone employed by the RRSG. Any remaining money in the RRSG funds would be prorated to active members based on their annual contribution, if the group dissolves.
Proportionate Payments. Except as specifically set forth in this Agreement, any payments to Buyer pursuant to this Agreement by the Sellers, including any payments required by ARTICLE XI hereof, shall be made by them pro rata in proportion to the Class A Shares owned, directly or indirectly, at the execution of this Agreement as set forth on Section 5.2 of the Sellers Disclosure Schedule; provided, however, that the aggregate Estimated Closing Purchase Price payable in accordance with Section 2.4(a)(iii) shall be paid to the Sellers in accordance with the written instructions of the Sellers delivered to Buyer at least two Business Days (or such shorter period of time mutually agreed to among the parties) prior to the Closing. Similarly, except as specifically set forth in this Agreement, any payments by Buyer pursuant to this Agreement to the Sellers shall be made to them pro rata in proportion to the Class A Shares owned, directly or indirectly, at the execution of this Agreement by the Sellers as set forth on Section 5.2 of the Sellers Disclosure Schedule.
