Class 4A Pro Rata Share definition

Class 4A Pro Rata Share means at any time:
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Class 4A Pro Rata Share means at any time: (a) with respect to each Class 4A Beneficiary, a fraction, the numerator of which shall be the amount of such Class 4A Beneficiary’s Allowed Class 4A Claim and the denominator of which shall be the aggregate amount of (i) all Allowed Class 4A Claims and (ii) the Estimated Amount of all Disputed Class 4A Claims at such time, and (b) with respect to the Disputed Class 4A Claims Reserve, a fraction, the numerator of which shall be the Estimated Amount of all Disputed Class 4A Claims at such time and the denominator of which shall be the aggregate amount of (i) all Allowed Class 4A Claims and (ii) the Estimated Amount of all Disputed Class 4A Claims at such time.
Sample 1
Class 4A Pro Rata Share means the ratio of (i) the amount of Asbestos Premises Liability Claims (including Unknown Asbestos Claims that are of a similar nature) against ASARCO, in the amount estimated by the Bankruptcy Court, pursuant to its estimation order, following an evidentiary hearing plus post-petition interest on that amount; provided, however, if the parties reach agreement regarding the aggregate allowed amount of such claims for purposes of the Plan, such amount shall be approved by the Bankruptcy Court in accordance such procedures as the Bankruptcy Court shall require, including the presentation of supporting evidence regarding such settlement, to (ii) the total aggregate amount of Allowed Claims in Classes 3 and 4.
Sample 1

Examples of Class 4A Pro Rata Share in a sentence

  • At such times as shall be determined by the Trustee, the Trustee shall direct the Disbursing Agent to distribute to each Class 4A Beneficiary and, to the extent then in existence, the Disputed Claims Reserve, an amount equal to such Class 4A Beneficiary’s and the Disputed Class 4A Claims Reserve’s applicable Class 4A Pro Rata Share of all or such portion of the Class 4A Distribution Assets, as determined by the Trustee in its sole discretion.

  • On or as soon as practicable following the Effective Date, the Trust shall establish the Disputed Class 4A Claims Reserve, which shall be credited with the Class 4A Pro Rata Share of any distributions made by the Trust pursuant to Section 4.1.1 hereof and held by the Trust therein for distribution to the holders of Disputed Class 4A Claims if such Claims are subsequently Allowed.

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  • At such times as shall be determined by the Trustee, the Trustee shall direct the DisbursingAgent to distribute to each Class 4A Beneficiary and, to the extent then in existence, the Disputed Claims Reserve, an amount equal to such Class 4A Beneficiary’s and the Disputed Class 4A Claims Reserve’s applicable Class 4A Pro Rata Share of all or such portion of the Class 4A Distribution Assets, as determined by the Trustee in its sole discretion.

Related to Class 4A Pro Rata Share

  • Pro Rata Share As to any Distribution Date, the Subordinated Principal Distribution Amount and any Class of Subordinated Certificates, the portion of the Subordinated Principal Distribution Amount allocable to such Class, equal to the product of the Subordinated Principal Distribution Amount on such Distribution Date and a fraction, the numerator of which is the related Class Certificate Balance thereof and the denominator of which is the aggregate of the Class Certificate Balances of the Subordinated Certificates.