Examples of Pro Rata Percentages in a sentence
In the event the amount of funds in the Adjustment Escrow Fund exceeds the Net Adjustment Amount, then the Escrow Agent, after paying the Net Adjustment Amount to the Parent as provided herein, shall pay any remaining amounts in the Adjustment Escrow Fund to the Participating Securityholders in accordance with their respective Pro Rata Percentages.
Immediately following the release of the remainder of the Holdback, unless otherwise indicated by the Stockholders’ Representative, the remaining funds within the Stockholders’ Representative Expense Account, if any, including any interest thereon, shall be distributed by the Stockholders’ Representative to the Sellers in accordance with their respective Pro Rata Percentages, by wire transfer of immediately available funds as designated in their respective Letters of Transmittal.
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If a successor representative is not appointed during the thirty (30) day notice period by the affirmative vote of a majority of the Pro Rata Percentages of the Interest Holders, then Liberty Bank, 000 Xxxx Xxxxxx, Xxxxxxxxx, Xxxxxxxxxxx 00000, shall serve as the successor representative until such time as a successor representative is so appointed.
The people's court shall render a ruling to dismiss the filing of action if it finds, after putting the case on file, that the conditions for filing of action are not satisfied or that the case falls under any of the circumstances specified in Article 124 of the Civil Procedure Law.