Allocation Share definition

Allocation Share shall have the meaning set forth in Section 11.8(a) hereof.
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Allocation Share means Buyer’s most recent PCIA-vintaged share of RPS Energy, as determined by Seller, through Seller’s load forecasting processes to establish energy procurement revenue requirements for rate-setting purposes, within Energy Resource Recovery Account and/or Resource Adequacy proceedings, or successor proceedings. As of the Confirmation Effective Date, Buyer’s Allocation Share is listed in Appendix E.
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Allocation Share or “Allocation Basis” means, with respect to (x) a proposed incurrence of Indebtedness pursuant to Sections 6.01(a)(xxxii) and/or Section 6.01(a)(xxxiv) and/or (y) a proposed incurrence of Indebtedness that complies with Section 9.02(a)(vii), in each case, (i) with respect to each Term Lender at any time, a fraction (expressed as a percentage, carried out to the ninth decimal place) equal to (A) a fraction (expressed as a percentage, carried out to the ninth decimal place), the numerator of which is the amount of outstanding Term Loans held by such Term Lender at such time and the denominator of which is the total aggregate amount of outstanding Term Loans at such time, multiplied by (B) 84.5% of the aggregate principal amount of such Indebtedness that is proposed to be incurred and (ii) with respect to each Class A Revolving Lender at any time, a fraction (expressed as a percentage, carried out to the ninth decimal place) equal to (A) a fraction (expressed as a percentage, carried out to the ninth decimal place), the numerator of which is the amount of outstanding Class A Revolving Loans held by such Class A Revolving Lender at such time and the denominator of which is the total aggregate amount of outstanding Class A Revolving Loans at such time, multiplied by (B) 15.5% of the aggregate principal amount of such Indebtedness that is proposed to be incurred. “Alternate Base Rate” means, for any day, a rate per annum equal to the greatest of (a) the Prime Rate in effect on such day, (b) the Federal Funds Effective Rate in effect on such day plus 1/2 of 1% per annum and (c) Adjusted Term SOFR on such day (or if such day is not a Business Day, the immediately preceding Business Day) with a maturity of one month plus 1% per annum. If the Administrative Agent shall have determined (which determination shall be conclusive absent manifest error) that it is unable to ascertain the Federal Funds Effective Rate or Adjusted Term SOFR, as the case may be, for any reason, the Alternate Base Rate shall be determined without regard to clause (b) or (c), as applicable, of the preceding sentence until the circumstances giving rise to such inability no longer exist. Any change in the Alternate Base Rate due to a change in the Prime Rate, the Federal Funds Effective Rate or Adjusted Term SOFR shall be effective from and including the effective date of such change in the Prime Rate, the Federal Funds Effective Rate or Adjusted Term SOFR, respectively. Notwithstanding the fore...
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Examples of Allocation Share in a sentence

  • Each Member holding an Allocation Share shall have all the rights, privileges and obligations set forth herein pertaining to holders of Allocation Shares.

  • The holders of Allocation Shares shall not be entitled to vote with respect to any issue relating to the Company notwithstanding the Act or other applicable law, except as provided in Articles X and XII (in which case, the holders of Allocation Shares shall have one vote per Allocation Share).

  • The Port of Seattle and the Port of Tacoma shall, in combination, pay a fixed Allocation Share equal to forty-three and 75/100 percent (43.75%) of the Annual Budget for the liaison position.

  • A person may not become a Member without acquiring a Series A Senior Convertible Preferred Share or otherwise acquiring a Common Share or Allocation Share.

  • The "Allocation Share" of a Sithe Limited Partner for each taxable year to which this Section 11.8(a) applies shall be the product of its "Tracking Account Allocation Percentage" for such taxable year multiplied by the amount of principal payments made in such taxable year with respect to the Tracking Account Loan.

  • Full payment of the total issue price of each Discretionary Allocation Share must be made by the qualified investors who have received such allocation not later than the Settlement Date (as defined below), all without prejudice to the pre-funding provided for in this Clause and subject to as provided in the last paragraph of Clause 2.1 above.

  • The holders of Allocation Shares shall not be entitled to vote with respect to any issue relating to the Company notwithstanding the Act or other applicable law, except as provided in Article X (in which case, the holders of Allocation Shares shall have one vote per Allocation Share).

  • The Allocation Shares shall be certificated in the form of an Allocation Share Certificate.

  • A person may not become a Member without acquiring a Series B Preferred Share or otherwise acquiring a Common Share, Series B Preferred Share or Allocation Share.


More Definitions of Allocation Share

Allocation Share means the percentage of a covered
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