Pro Rata Entitlement definition

Pro Rata Entitlement has the meaning ascribed thereto in Section 23.

Pro Rata Entitlement means, with respect to any Participant, such Participant’s pro rata proportion of any Success Payment, which as at the date of this Deed shall be the Initial Pro Rata Entitlement, as amended and/or superseded in accordance with the terms of this Deed; [####]

Pro Rata Entitlement means, as at any time, a fraction calculated by dividing (a) (i) in the case of The Netherlands, an amount of GBP 1,134,680,211.10 (being the Sterling equivalent of the amount of the Reimbursement Amount as at the date of this Agreement converted into Sterling at a rate of EUR 1,1653 to GBP 1,00), or (ii) in the case of the HMT Commissioners, the aggregate of all “Disbursements” as defined in the UK Disbursement, Reimbursement and Indemnity Agreement made up to that time under the UK Disbursement, Reimbursement and Indemnity Agreement (which the Parties believe to have been GBP 2,254,417,851.51 as at November 24, 2010), by (b) the aggregate of the amounts referred to in item (a) above.

Examples of Pro Rata Entitlement in a sentence

• Notwithstanding anything to the contrary herein contained, if the approval of the shareholders of TRQ would be required for a particular Placement or Pro Rata Entitlement, then the applicable Equity Offering shall either be accordingly reduced so as not to require approval of TRQ’s shareholders, or alternatively and in TRQ’s sole discretion, conducted as a Rights Offering.

• No Placement (or the Pro Rata Entitlement) shall require approval of the shareholders of TRQ unless the completion of the Placement and the Pro Rata Entitlement are conditional on the completion of the other with the objective of ensuring that a Placement may not be completed unless RTIHL is capable of availing itself of the Pro Rata Entitlement.

• All or part of the Pro Rata Entitlement may be assigned in whole or in part by RTIHL to one or more other members of the Rio Tinto Group.

• Equity Offering and Pro Rata Entitlement relating to the Initial Equity Offering shall be applied in the following order of priority: (i) to repay the Early Advance; (ii) to pay all required fees, costs and expenses of the Initial Equity Offering; (iii) to fund OT Project costs relating to underground and power, if applicable, (including the servicing of Senior Loans and the payment of interest and fees in relation thereto); and (iv) to fund TRQ’s general and administrative costs.

• Buyer shall deliver to each Globisens Shareholder, stock certificates registered in the name of each of the Globisens Shareholders or the Common Stock Trustee and evidencing his or its Pro Rata Entitlement of Buyer Common Stock.

• No Placement (or Rio Tinto’s Pro Rata Entitlement) shall require approval of the shareholders of TRQ unless the completion of the Placement and Rio Tinto’s Pro Rata Entitlement are conditional on the completion of the other with the objective of ensuring that a Placement may not be completed unless Rio Tinto is capable of availing itself of its Pro Rata Entitlement.

• All or part of the Pro Rata Entitlement may be assigned by the applicable member of the Rio Tinto Group to one or more other members of the Rio Tinto Group.

• Notwithstanding anything to the contrary in Section 20, TRQ agrees to conduct an initial Equity Offering raising gross proceeds of at least US$650 million (or such lesser amount as would not require approval of the shareholders of TRQ for any Placement or Pro Rata Entitlement under the applicable rules of the TSX and MI 61-101) by no later than August 31, 2022 (the “Initial Equity Offering”).

• Funding from the Additional A Loans, Co-Lending, Equity Offering and Pro Rata Entitlement shall be applied in the following order of priority: (i) to pay all required fees, costs and expenses of the Re-profiling, Additional A Loans, Co-Lending and Equity Offering; (ii) to fund OT Project costs relating to underground and power, if applicable, (including the servicing of Senior Loans and the payment of interest and fees in relation thereto); and (iii) to fund TRQ’s general and administrative costs.

• Notwithstanding anything to the contrary in Section 20, TRQ agrees to conduct one or more initial Equity Offerings raising aggregate gross proceeds of at least US$650 million (or such lesser amount as would not require approval of the shareholders of TRQ for any Placement or Pro Rata Entitlement under the applicable rules of the TSX and MI 61-101) by no later than December 31, 2022 (the “Initial Equity Offering”).

More Definitions of Pro Rata Entitlement

Pro Rata Entitlement has the meaning given in Clause 18.3.2;

Pro Rata Entitlement has the meaning ascribed thereto in Section 21. “Re-profiling” has the meaning ascribed thereto in Section 3.

Pro Rata Entitlement means, with respect to each particular Purchasing Shareholder, a number of Shares equal to the product obtained by multiplying the number of Offered Shares (as defined in section 7.2 hereof) by a fraction, the numerator of which is the number of Shares held by the particular Purchasing Shareholder and the denominator of which is the total number of Shares held by all the Purchasing Shareholders; and

Pro Rata Entitlement has the meaning set out in Clause 21.2.1;