Pro Rata Reduction definition

Pro Rata Reduction means the percentage reduction that will be applied to Tier

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Pro Rata Reduction means the percentage reduction that, in the event the total payments for Class Action Claim Awards, Class Action Administrative Expenses, Attorneys’ Fees and Costs, and Class Action Service Awards would exceed the Class Action Settlement Amount, will be applied to reduce Class Action Claim Awards so that the total payments for Claim Awards and Class Action Administrative Expenses do not exceed the Class Action Settlement Amount.

Pro Rata Reduction means the percentage reduction that, in the event Defendants’ total payments for Claim Awards, Administrative Expenses, and service awards to Class Representatives would exceed the Settlement Amount, will be applied to reduce Tier 2 and 3 Claim Awards so that Defendants’ total payments for Claim Awards and Administrative Expenses do not exceed the Settlement Amount.

Examples of Pro Rata Reduction in a sentence

If more than one method of reduction will result in the same economic benefit, the items so reduced will be reduced pro rata (the "Pro Rata Reduction Method").
Total Adjusted Purchase Payments - The sum of all Purchase Payments made to the Contract, reduced by a Pro Rata Reduction for each prior withdrawal.
Pro Rata Reduction — The reduction percentage that is calculated at the time of a withdrawal by dividing the amount of each withdrawal (including any applicable withdrawal charges) by the Contract Value immediately prior to the withdrawal.
We calculate it as follows: H = (I divided by J) multiplied by L Where: E = the Pro Rata Reduction for the Excess Withdrawal.
If more than one method of reduction will result in the same after tax economic benefit, the items so reduced will be reduced pro rata (the “ Pro Rata Reduction Method ”).
Notwithstanding the foregoing, if the subject registration is an underwritten primary registration in which the Holder is given the opportunity to join but because of the Pro Rata Reduction Provisions the Holder is unable to include any shares of Common Stock in such registration, then the Market Standoff Period applicable to the Holder shall be for a period not to exceed thirty (30) days following the effective date of such registration statement of the Company filed under the Act.
In calculating the Benefit Base on each Certificate Anniversary, we determine the Pro Rata Reduction for any Excess Withdrawal.
For each Excess Withdrawal, we calculate it as follows: H = I multiplied by (1 plus J) raised to the (L divided by K) Where: H = the Pro Rata Reduction for any Excess Withdrawal COLA Value.
If more than one method of reduction will result in the same economic benefit, the items so reduced will be reduced pro rata (the "Pro Rata Reduction Method').
Pro Rata Reduction — The reduction percentage that is calculated at the time of a withdrawal by dividing the amount of the withdrawal (including any applicable withdrawal charges) by the Contract Value immediately prior to the withdrawal.

More Definitions of Pro Rata Reduction

Pro Rata Reduction shall have the meaning specified in Article 5(g).

Pro Rata Reduction means the reduced amount of a Claim Payment for a Valid Claim if at the time of the Claim Payment Date the total of all Claim Payments exceeds the Maximum Settlement, calculated as follows: reduced amount of Claim Payment = [(initial Claim Payment)/(total of all Claim Payments)] x (remaining balance of Maximum Settlement)

Pro Rata Reduction shall have the meaning set forth in Section XII.D.

Pro Rata Reduction. Any cancellation under clause 8.1 or clause 8.2 shall reduce the Commitments under the relevant Facility rateably. The Facility Agent shall promptly notify each Lender of any cancellation under clause 8.1 or any notice received under clause 8.2 and the amount of that Lender's Commitment which is, or is to be, cancelled.