Adjusted Pro Rata Share definition

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

• If the LC Bank pays a drawing under a Letter of Credit that is not reimbursed by the Seller on the applicable Drawing Date or through the distribution of the LC Bank’s Adjusted Pro Rata Share of the amount on deposit in the LC Collateral Account, the LC Bank shall be deemed to have made a Funded Purchase in an amount equal to its Adjusted Pro Rata Share of such unreimbursed draw.

• For example, if only one Waiving Investor is permitted to purchase any New Securities and it is permitted to purchase 50% of its Pro Rata Share of the New Securities, each Investor’s Adjusted Pro Rata Share shall be 50% of its Pro Rata Share.

• Provided, however, in the event a participating shareholder chooses not to sell his entire Pro Rata Share, the other participating shareholders shall have the right to sell their Adjusted Pro Rata Share of the shares of Common Stock which the participating shareholder does not choose to sell.

• The Purchaser's Adjusted Pro Rata Share in any S Segment shall be allocated in half MCUs, and the Grantor shall be permitted to round down to the nearest whole MCU.

• In addition, the Corporation may, to the extent authorized from time to time by the Board, grant indemnification and advancement rights to other employees or agents of the Corporation or other persons serving the Corporation and such rights may be equivalent to, or greater or less than, those set forth in this Article IX.

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 for any Lender at any time the proportion (expressed as a decimal, rounded to the ninth decimal place) which such Lender's Commitment constitutes of the combined Commitments (or, after the Commitments have terminated, which (i) the principal amount of such Lender's Loans PLUS (without duplication) the participation of such Lender in (or in the case of an Issuing Lender or the Swing Line Lender, its unparticipated portion of) the Effective Amount of all L/C Obligations and the principal amount of all Swing Line Loans constitutes of (ii) the aggregate principal amount of all Loans PLUS (without duplication) the Effective Amount of all L/C Obligations).

Adjusted Pro Rata Share means, with respect to any given Funding Lender and any given request for a Supplemental Revolving Loan, a fraction whose numerator is such Lender's Pro Rata Share and whose denominator is the sum of the Pro Rata Shares of all Funding Lenders for such Supplemental Revolving Loan.