Pro Rata Distribution definition

Pro Rata Distribution means an optional Distribution made in accordance with section 4.03(c), 4.04(e), or 4.04(i) of the Plan. Each Creditor entitled to receive a portion of a Pro Rata Distribution shall receive such Creditor’s Pro Rata Share of such Distribution.

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Pro Rata Distribution means the Distribution per dollar of Total Damages;

Pro Rata Distribution. If the amount collected is not sufficient to satisfy the amounts referred for collection, then the amount collected shall be distributed on a pro rata basis as provided in R&TC Section 19282, subdivisions (a) and (d). This is based on a percentage equal to the current balance of each case divided by the total balance of the account.

Examples of Pro Rata Distribution in a sentence

The performance criteria set forth in any such CPU or ▇▇▇▇ ▇▇▇▇ Award Agreement shall not be deemed to have been modified by the determination of the Pro Rata Distribution Payment except to the extent Executive waives future payments pursuant to the last sentence of this paragraph.
Any Pro Rata Distribution Payments shall be paid to the Executive as soon as practicable but in no event later than March 15, 2013.
If and to the extent that the Company makes a payment on the Subordinated Debentures held by the Property Trustee or the Company makes a payment under the Trust Guarantees (the amount of any such payment being a "Payment Amount"), the Trust shall and the Property Trustee is directed, to the extent funds are available for that purpose, to make a Pro Rata Distribution of the Payment Amount to the Holders entitled thereto.
If on any Pro Rata Distribution Date the Outstanding Principal Balance of any Class of Notes shall be reduced to zero after application of any payments in respect of principal on such Distribution Date, the amount remaining for distribution in respect of principal on such date shall be distributed pro rata to the Classes of Notes which then have Outstanding Principal Balances based on the respective original principal amounts of such Classes of Notes.
Class A-I-5 Pro Rata Distribution Amount: With respect to any Payment Date, an amount equal to the product of (a) a fraction, the numerator of which is the Security Balance of the Class A-I-5 Notes immediately prior to that Payment Date and the denominator of which is the aggregate Security Balance of the Class I Notes immediately prior to that payment date and (b) the Class I Principal Distribution Amount.

More Definitions of Pro Rata Distribution

Pro Rata Distribution has the meaning set forth in Section 5(b).

Pro Rata Distribution means the Distribution per Qualified Share;

Pro Rata Distribution means the Distribution per dollar of Total Damages; (cc) “Public Correction” means November 13, 2020;

Pro Rata Distribution means the process of applying the Allocation Formula to the Net Settlement Amount as described in Sections V.G.2, V.G.3. and IV.A.3 of this Settlement Agreement.

Pro Rata Distribution means, for each Proven Claim, an amount calculated by multiplying the Plan Support Fund Residual by the Proven Claim Residual, divided by the aggregate total of all Proven Claim Residuals;

Pro Rata Distribution means an acquisition as a result of: (i) a distribution of Trust Units or a Trust Unit split or other event pursuant to which a Person receives or acquires Trust Units or Convertible Securities on the same pro rata basis as all other holders of Trust Units of the same class; or (ii) any other event pursuant to which all holders of Trust Units are entitled to receive Trust Units or Convertible Securities on a pro rata basis, including, without limiting the generality of the foregoing, pursuant to the receipt or exercise of rights issued by the Trust and distributed to all the holders of a series or class of Trust Units to subscribe for or purchase Trust Units or Convertible Securities of the Trust, provided that such rights are acquired directly from the Trust and not from any other Person.

Pro Rata Distribution means the Distribution to each Authorized Claimant in respect of their Qualified Shares;