Pro Rata Payment Amount definition

Pro Rata Payment Amount means, with respect to each CVR Payment and each Holder, an amount equal to such CVR Payment divided by the total number of CVRs and then multiplied by the total number of CVRs held by such Holder as reflected on the CVR Register.

Pro Rata Payment Amount means an amount, with respect to a Holder, equal to (i) a fraction, the numerator of which equals the total number of Contingent Value Rights held by such Holder on such date, and the denominator of which equals the total aggregate Contingent Value Rights issued and outstanding on such date, multiplied by (ii) the Proceeds payable to the Holders pursuant to Section 2.4.

Pro Rata Payment Amount for each Authorized Class Member will be determined by dividing the Authorized Class Member’s total number of Authorized Shares by the total of all Authorized Shares of all Authorized Class Members, and multiplying that fraction by the total amount of the Net Settlement Fund available for distribution.

Examples of Pro Rata Payment Amount in a sentence

• If the Pro Rata Payment Amount for any Authorized Class Member calculates to less than $10.00, no distribution will be made to that Authorized Class Member, and the amount allocated to that Authorized Class Member will be available for distribution to those Authorized Class Members whose Pro Rata Payment Amounts calculate to $10.00 or greater.

• The Net Settlement Fund will be allocated among all Authorized Class Members whose Pro Rata Payment Amount is $10.00 or greater.

• The Net Settlement Fund will be allocated among all Authorized Claimants whose Pro Rata Payment Amount is $10.00 or greater.

• GCG is directed to distribute 100% of the available balance of the Net Settlement Fund, after deducting the payments previously allowed and approved herein, and after deducting payment of any estimated taxes, the costs of preparing appropriate tax returns, and any escrow fees, to the Authorized Claimants whose Pro Rata Payment Amount is $10.00 or greater, as further detailed in paragraphs 40 and 42(a) of the Cirami Affidavit.

• If the Pro Rata Payment Amount for any Authorized Claimant calculates to less than $10.00, no distribution will be made that Authorized Claimant, and the amount allocated to that Authorized Claimant will be available for distribution to those Authorized Claimants whose payment amount calculates to $10.00 or greater.

More Definitions of Pro Rata Payment Amount

Pro Rata Payment Amount means an amount equal to (i) a fraction, the numerator of which equals the total number of Contingent Value Rights held by such Holder on such date, and the denominator of which equals 40,087,952.091, multiplied by (ii) the Total Distributable Amount payable pursuant to Section 2.5(c), Section 2.5(d) or Section 2.5(e), as applicable.