Pro Rata Ratio definition
Pro Rata Ratio means the number of full calendar months in which the Executive was employed during the Termination Year divided by 12.
Pro Rata Ratio with respect to any Investor, means the ratio of: (a) the total number of Ordinary Share Equivalents held by that Investor to (b) the total number of Ordinary Share Equivalents held by all Investors.
Pro Rata Ratio means a fraction, the numerator of which is 365 and the denominator of which is the number of days elapsed between the first day of the Performance Period in which Employee’s employment is terminated pursuant to Section 17 hereof and the Measuring Date.
Examples of Pro Rata Ratio in a sentence
The Pro Rata Ratio is applied to the total tuition, fees, and qualifying costs.
Example: Weighted Attendance Pro rata If the Pro Rata Ratio is less than 75% the eligible charges will equal the calculated ratio multiplied by Tuition, fees, and qualifying costs.
Course Total 25 Days Attended 5 Days Pro Rata Ratio (5/25 days) 20% Tuition, Fees, & Qualifying Costs** $2,500 Eligible Charges (2,500 * 20%) $500 If the student has completed 75% or more of the total number of days required, they will not be eligible for a refund and eligible charges will be retained at 100%.
Example: Course Total 25 Days Attended 5 Days Pro Rata Ratio 20% Tuition, Fees, and Qualifying Cost $2500.00 Eligible Refund Amount $2000.00 The refund ratio is reliant on the academic time completed, if the student completed 31% of the Academic Year (Payment Period), then 31% of the cost will be retained.
In the event the amount of the Escrow Funds (to the extent available therefor) and the Sellers’ Representative Reserve available to satisfy Charges (the “Remaining Escrow Property”) is insufficient to satisfy all Charges, then the Sellers shall, severally, but not jointly or jointly and severally, each in accordance with its Pro Rata Ratio, pay the Charges in excess of the Remaining Escrow Property.
More Definitions of Pro Rata Ratio
Pro Rata Ratio means, at any given time, a fraction, (x) the numerator of which is the number of all ordinary shares of Lilium then outstanding (including all ordinary shares then issuable (directly or indirectly) upon conversion or exercise, as applicable, of the Convertible Securities then outstanding, assuming all Convertible Securities are immediately convertible or exercisable) that are held by the Investor or its Affiliates or Attribution Parties; and (y) the denominator of which is the number of all ordinary shares of Lilium then outstanding (including all ordinary shares then issuable (directly or indirectly) upon conversion and/or exercise, as applicable, of the Convertible Securities then outstanding, assuming all Convertible Securities are immediately convertible or exercisable, but excluding any Palantir Securities). “Convertible Securities” shall mean any securities of Lilium that would entitle the holder thereof to acquire at any time ordinary shares of Lilium, including, without limitation, any debt, preferred stock, right, option, warrant or other instrument that is convertible into or exercisable or exchangeable for, or otherwise entitles the holder thereof to receive, ordinary shares of Lilium but shall exclude the warrants to purchase Class A Ordinary Shares at an exercise price of $11.50 per share that are listed on The Nasdaq Global Select Market under the symbol “LILMW.” “Palantir Securities” shall mean any ordinary shares or Convertible Securities of Lilium that are issued to Palantir Technologies Inc. or any of its affiliates (“Palantir”) on or after the date of the Warrant SPA in exchange for the cancellation or conversion of indebtedness or accounts payable due to Palantir, including certain fees payable to Palantir under commercial agreements between Lilium and Palantir.
Pro Rata Ratio means, with respect to each WCAS Securityholder, the ratio which the number of shares of Parent Series B Preferred Stock set forth next to such WCAS Securityholder's name on Annex I hereto bears to the sum of the number of shares of Parent Series B Preferred Stock set forth next to the names of all of the WCAS Securityholders on Annex I hereto.
Pro Rata Ratio means, as to each share of Series A Preferred Stock that is issued and outstanding, the quotient obtained by dividing (A) that number of shares of Common Stock into which each share of Series A Preferred Stock is then convertible pursuant to Section 7 hereof immediately prior to the conversion pursuant to Section 8(a) of Article IV by (B) all Common Stock Equivalents issued and outstanding (excluding “out-of-the-money” stock options) immediately prior to the IPO.
Pro Rata Ratio with respect to any Investor or Yu Dong, means the ratio of: (a) the total number of Ordinary Share Equivalents held by that Investor or Yu Dong (both directly and indirectly through SkillGreat or other entity) to (b) the total number of Ordinary Share Equivalents held by all Investors and Yu Dong (both directly and indirectly through SkillGreat or other entity).
Pro Rata Ratio means: (i) other than for purposes of Section 10 hereof, with respect to each Seller or Additional Indemnitor, a fraction, the numerator of which is such Seller’s or Additional Indemnitor’s Pro Rata Portion and the denominator of which is the sum of the Pro Rata Portions for all Sellers and Additional Indemnitors; and (ii) solely with respect to the obligations of the Reliant Indemnitors and Additional Indemnitors pursuant to Section 10, (a) with respect to the Reliant Indemnitors, a fraction, the numerator of which is the aggregate Pro Rata Portion of all Reliant Indemnitors and the denominator of which is the sum of the aggregate Pro Rata Portions of all Reliant Indemnitors and of all Additional Indemnitors and (b) with respect to each Additional Indemnitor, a fraction, the numerator of which is such Additional Indemnitor's Pro Rata Portion and the denominator of which is the sum of the aggregate Pro Rata Portions of all Reliant Indemnitors and of all Additional Indemnitors.
Pro Rata Ratio shall be calculated as follows: the number of days that have elapsed between the date hereof and the termination date, divided by 365.
Pro Rata Ratio means the ratio set forth on Exhibit A with respect to each share of Company Capital Stock, which shall be used to determine the pro rata share of the Aggregate Hold Back Amount to be delivered with respect each such share of Company Capital Stock in accordance with Article 7.