Pro Rata Allocation. The allocation of the principal portion of Realized Losses to the Senior Certificates (other than the Class R and Class P Certificates), on the one hand, and the Class B Certificates, on the other hand, pro rata according to their respective aggregate Class Principal Balances, in reduction thereof in the manner provided in the succeeding paragraphs of this definition (except if the loss is recognized with respect to a Class P Mortgage Loan, in which case the applicable Class P Fraction of such loss shall first be allocated to the Class P Certificates, and the remainder of such loss shall be allocated as set forth above), and the allocation of the interest portion of Realized Losses to all Classes of Certificates (other than the Class R and Class P Certificates) pro rata according to the amount of interest accrued but unpaid on each such Class, in reduction thereof, and then to the Senior Certificates (other than the Class R, Class P and Class X Certificates), on the one hand, and the Class B Certificates, on the other hand, pro rata according to their respective aggregate Class Principal Balances, in reduction thereof in the manner provided in the succeeding paragraphs of this definition. The principal portion of a Realized Loss on any Mortgage Loan allocated to the Class A Certificates pursuant to this definition of "Pro Rata Allocation" shall be allocated in reduction of the respective Class Principal Balances of the Subgroup 1, Subgroup 2 and Subgroup 3 Certificates as follows:
Pro Rata Allocation shall have the meaning set forth in Section 2.6(b)(i)(A).
Pro Rata Allocation. The allocation of the principal portion of certain losses relating to a Loan in a Loan Group to the Senior Certificates related to that Loan Group (other than the Principal Only Certificates and Interest Only Certificates) and/or to the Subordinate Certificates, as applicable, pro rata according to their respective Certificate Principal Balances or, in the case of the Accrual Certificates, the Certificate Principal Balance of those Accrual Certificates on the Closing Date, if lower, (except (1) if the loss is recognized with respect to a Group I Discount Loan or a Group II Discount Loan, in which event the applicable Group I Discount Fraction or Group II Discount Fraction of such loss will be allocated to the Class IA-P Certificates or Class IIA-P Certificates, respectively, and the remainder of such loss will be allocated as described above in this definition without regard to this parenthetical, (2) all Realized Losses allocable to the Class IA-1 Certificates will be allocated in accordance with the definitions of Class IA-1 Priority Amount I and Class IA-1 Priority Amount II, and (3) all Realized Losses, except Excess Losses, allocable to the Class IA-4 Certificates and Class IA-27 Certificates will be allocated to the Class IA-26 Certificates (i) with respect to the Class IA-4 Certificates, up to an amount equal to 95.70% of the Class Principal Balance of the Class IA-26 Certificates for such Distribution Date and (ii) with respect to the Class IA-27 Certificates, up to an amount equal to 4.30% of the Class Principal Balance of the Class IA-26 Certificates for such Distribution Date, in each case until the Class Principal Balance of the Class IA-26 Certificates has been reduced to zero) in reduction thereof, and the allocation of the interest portion of such losses to such Certificates pro rata according to the amount of interest accrued but unpaid on each such Class in reduction thereof and then pro rata according to their outstanding Certificate Principal Balances or, in the case of the Accrual Certificates, the Certificate Principal Balance of those Accrual Certificates on the Closing Date, if lower, in reduction thereof. For purposes of Pro Rata Allocation in part to the Subordinate Certificates, each Class of Subordinate Certificates will be deemed to have a Class Principal Balance equal to the following:
Examples of Pro Rata Allocation in a sentence
Excess Losses shall be allocated among the Senior Certificates and the Subordinate Certificates by Pro Rata Allocation.
Each Eligible Holder shall receive Subscription Rights entitling such holder to purchase up to its Pro Rata Allocation of the Rights Offering Shares.
Prior to such termination, Columbia Management shall notify the Administrative Agent in writing as to the Pro Rata Allocations of the remaining Borrowers, effective as of the termination, which notice shall constitute a representation and warranty by each of the remaining Borrowers that no Event of Default has occurred and is continuing with respect to each Borrower whose Pro Rata Allocation has been increased.
The ARCO/Equistar Settlement Pro Rata Allocation shall be used to determine the aggregate distributions allocable to each of the four following subcategories of Senior Secured Claims: (i) claims arising under the Senior Secured Credit Agreement, (ii) claims arising under the Secured Hedge Agreements, (iii) the Arco Notes Claims and (iv) the Equistar Notes Claims.
Notwithstanding any other provision in this Agreement to the contrary, to the extent any obligation to reimburse or indemnify any Indemnitee that arises pursuant to Section 9.5(b) is not attributable to any particular Borrower or Borrowers, then such reimbursement or indemnification shall be made by each Borrower (ratably, in accordance with its respective Pro Rata Allocation).
More Definitions of Pro Rata Allocation
Pro Rata Allocation. With respect to losses on Group I Loans, the ------------------- allocation of the principal portion of Realized Losses to the outstanding Classes of Group I-L Regular Interests (other than the Class I-P-L and Class I-A-27-L Regular Interests), pro rata according to their respective Class or Component Principal Balances, in reduction of their respective Class or Component Principal Balances (except (x) if the loss is recognized with respect to a Class I-P Mortgage Loan, in which case the applicable Class I-P Fraction of such loss will first be allocated to the Class I-P-L Regular Interests and (y) if the loss is recognized with respect to a Subgroup I-1, Subgroup I-2 or Subgroup I-3 Loan, in which case the applicable Class I-A-27 Fraction of such loss (or of the remainder of such loss, if the applicable Class I-P Fraction of such loss has been allocated to the Class I-P-L Regular Interests in accordance with clause (x) above) will first be allocated to the Class I-A-27-L Regular Interests, and the remainder of such loss will be allocated as set forth above), and the allocation of the interest portion of Realized Losses to the outstanding Group I-L Regular Interests (other than the Class I-P-L, Class I-A-14-L, Class I-A-19-L and Class I-A-27-L Regular Interests), pro rata according to the amount of interest accrued but unpaid on each such Class in reduction thereof, and then in reduction of their respective Class Principal Balances and (ii) with respect to losses on Group II Loans, the allocation of the principal portion of Realized Losses relating to a Group II Loan to the outstanding Classes of Group II-L Regular Interests (other than the Class II-P-L Regular Interests), pro rata according to their respective Class Principal Balances (except if the loss is recognized with respect to a Class II-P Mortgage Loan, in which case the applicable Class II-P Fraction of such loss will first be allocated to the Class II-P-L Regular Interests, and the remainder of such loss will be allocated as set forth above), and the allocation of the interest portion of Realized Losses to the outstanding Classes of Group II-L Regular Interests (other than the Class II-P-L Regular Interests), pro rata according to the amount of interest accrued but unpaid on each such Class in reduction thereof, and then in reduction of their related Class Principal Balances. Any losses allocated among the outstanding Classes and Components of REMIC II Regular Interests pursuant to this definitio...
Pro Rata Allocation. The allocation of the principal portion of Realized Losses to all Classes of REMIC I Regular Interests pro rata according to their respective Class Principal Balances in reduction thereof, and the allocation of the interest portion of Realized Losses to all Classes of REMIC I Regular Interests pro rata according to the amount of interest accrued but unpaid on each such Class, in reduction thereof, and then to such Classes pro rata according to their respective Class Principal Balances in reduction thereof. Any losses allocated to an outstanding Class of REMIC I Regular Interests pursuant to this definition of "Pro Rata Allocation" in reduction of the Class Principal Balance thereof shall also be allocated to the Corresponding Class of Certificates in reduction of the Class Principal Balance thereof by the same amount. Prospectus: The Prospectus, dated February 21, 2002, and the Prospectus Supplement, dated March 22, 2002, of the Company.
Pro Rata Allocation as to each Borrower, the percentage amount stated in Schedule Ia; provided that, if no Event of Default shall have occurred and be continuing, Columbia Management, on behalf of the Borrowers and without the consent of the Lenders, by written notice to the Administrative Agent, may change the Pro Rata Allocations from time to time in Columbia Management’ sole discretion; provided further, that while an Event of Default has occurred and is continuing with respect to a Borrower, the Pro Rata Allocations may be changed in such manner as long as the Pro Rata Allocation of any such defaulting Borrower is not increased; and provided further, that, after any change in Pro Rata Allocations, the aggregate amount of all Pro Rata Allocations shall equal 100%. The delivery of such written notice shall constitute a representation and warranty by the Borrowers as of the date thereof that no Event of Default has occurred and is continuing with respect to each Borrower whose Pro Rata Allocation has been increased.
Pro Rata Allocation. The allocation of the principal portion of Realized Losses to all Classes of Certificates pro rata according to their respective Class Principal Balances in reduction thereof, and the allocation of the interest portion of Realized Losses to all Classes of Certificates pro rata according to the amount of interest accrued but unpaid on each such Class, in reduction thereof, and then to such Classes pro rata according to their respective Class Principal Balances in reduction thereof.
Pro Rata Allocation. On any Distribution Date with respect to (a) the allocation of the principal portion of certain losses relating to a Group II Loan to the related Group II Senior Certificates (other than the Interest Only Certificates and Class II-PO Certificates) and/or to the Group II Subordinate Certificates, as applicable, pro rata according to their respective aggregate Certificate Principal Balances on such date of allocation (except that if the loss is incurred with respect to a Discount Loan, the related Discount Fraction of such loss will be allocated to the Class II-PO Certificates, and the remainder of such loss will be allocated as described above in this definition without regard to this parenthetical), and (b) the allocation of interest portion of certain losses relating to a Group II Loan to the related Group II Senior Certificates (other than the Class II-PO Certificates) and/or to the Group II Subordinate Certificates, as applicable, pro rata, first according to the Group II Interest Distribution Amounts due to such Classes on such date of allocation, in reduction thereof until the amount of interest accrued but unpaid on such Distribution Date has been reduced to zero and then pro rata, according to their outstanding Certificate Principal Balances in reduction thereof until the Certificate Principal Balances thereof have been reduced to zero.
Pro Rata Allocation. With respect to Excess Losses, the allocation of the principal portion of such losses to all Class of Group II Certificates (other than the Class II-P Certificates and the Class II-X Certificates), pro rata according to their respective Class Principal Balances in reduction thereof, and the allocation of the interest portion of such losses to all Classes of Group II Certificates (other than the Class II-P Certificates), pro rata according to the amount of interest accrued but unpaid on each such Class, in reduction thereof, and then to such Classes (other than the Class II-P Certificates and Notional Amount Certificates), pro rata according to their respective Class Principal Balances in reduction thereof.
Pro Rata Allocation. The allocation of the principal portion of Realized Losses to all Classes of Certificates (other than the Class R and Class C-P Certificates) pro rata according to their respective Class Principal Balances in reduction thereof (except if the loss is recognized with respect to a Class P Mortgage Loan, in which case the applicable Class P Fraction of such loss shall first be allocated to the Class C-P Certificates, and the remainder of such loss shall be allocated as set forth above), and the allocation of the interest portion of Realized Losses to all Classes of the Certificates (other than the Class R and Class C-P Certificates) pro rata according to the amount of interest accrued but unpaid on each such Class, in reduction thereof, and then to such Classes (other than the Class R, Class C-P and Class X Certificates) pro rata according to their respective Class Principal Balances in reduction thereof. Prospectus: The Prospectus, dated February 10, 2004, and the Prospectus Supplement, dated May 20, 2004, of the Company.