Examples of Assigned Pro Rata Share in a sentence
On the Effective Date, the Assignee shall pay to the Assignor, in immediately available funds, an amount equal to the purchase price of the Assigned Pro Rata Share, as agreed between the Assignor and the Assignee pursuant to a letter agreement of even date herewith.
Such letter agreement also sets forth the agreement between the Assignor and the Assignee with respect to the amount of interest, fees, and other payments with respect to the Assigned Pro Rata Share which are to be retained by the Assignor.
Therefore, the committee recommends a decrease of $20.0 million in RDN for PE 63801N to reduce funding for prototyping projects with limited transition possibilities to Navy programs of record.
On the terms set forth herein, the Assignor, as of the Effective Date, hereby irrevocably sells, assigns and transfers to the Assignee all of the rights and obligations of the Assignor under the Loan Agreement, the other Loan Documents and the Assignor's Note to the extent of the Assigned Pro Rata Share, and the Assignee irrevocably accepts such assignment of rights and assumes such obligations from the Assignor on such terms and effective as of the Effective Date.
The letter should reaffirm that, even though no attorney-client relationship was formed, information discussed in the meeting and any calls or correspondence will remain confidential.