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.
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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.
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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.

  • If acceleration of the time for payment of any of the Guaranteed Obligations is stayed upon the insolvency, bankruptcy or reorganization of the Principal, all such amounts otherwise subject to acceleration under the terms of the Credit Agreement, any Note or any other Loan Document shall nonetheless be payable by each of the Guarantors hereunder forthwith on demand by the Administrative Agent made at the request of the Required Lenders.