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.
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Pro Rata Reduction shall have the meaning set forth in Section XII.D.
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Examples of Pro Rata Reduction in a sentence

  • If the total sum of the Claim Awards exceeds the total amount in the Settlement Fund, the Claims Administrator will calculate and apply the Pro Rata Reduction to all Tier 2 and Tier 3 Claim Awards.

  • Where funding is controlled locally, for services in the Employability Pathway working with disabled job seekers, the emphasis should be changed from training and work preparation to supporting people into and within work.

  • Under no circumstances are Tier 1 Claim Awards subject to Pro Rata Reduction, and accordingly, the $2,500 Tier 1 portion of any Tier 2 or Tier 3 Award is not subject to the Pro Rata Reduction.

  • 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").

  • If the sum of the Claim Awards is more than the amount remaining in the Settlement Fund, there will be a Pro Rata Reduction applied to all Tier 2 and Tier 3 Claim Award amounts, which means those Claim Awards will all be decreased by the same percentage.

  • Conversely, if more Class Members are eligible to receive the automatic Tier 1 payment, more Class Members file Tier 2 or 3 claims, and/or the average Tier 2 and 3 Claim Award amounts are larger than what is assumed and estimated in the above example, then the Tier 2 and 3 Claim Award amounts may receive a Pro Rata Reduction.

  • Pro Rata Reduction/ Extension In Export Obligation If the EPCG licence holder has not utilised the full or utilised in excess, the CIF value of the licence for import/ indigenous procurement of capital goods allowed therein, his export obligation shall stand reduced/ enhanced on prorata basis with reference to the actual utilisation of the licence.

  • DeMarco, Torts - Joint Tortfeasors - Release in Favor of Joint Tortfeasor Who Files Petition in Bankruptcy before Paying Agreed Settlement Will Be Applied as Pro Rata Reduction of Plaintiff's Judgment against Nonsettling Joint Tortfeasors, 31 Vill.

  • Torts - Joint Tortfeasors - Release in Favor of Joint Tortfeasor Who Files Petition in Bankruptcy before Paying Agreed Settlement Will Be Applied as Pro Rata Reduction of Plaintiff's Judgment against Nonsettling Joint TortfeasorsLisa A.

  • Revenue Fees paid by public $5,000 Â Calculation: Expenses Unadjusted Amount % of Total Pro Rata Reduction Fees Paid by Public ($5,000) % of Total Adjusted Amount Support Service Expense $35,000 Â 32% Â ($1,591) Â 32% Â $33,409 Â Program Service Expense $75,000 Â 68% Â ($3,409) Â 68% Â $71,591 Â Functional Expenses $110,000 Â 100% Â ($5,000) Â 100% Â $105,000 Â [Statutory Authority: RCW 9.46.070.


More Definitions of Pro Rata Reduction

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

  • Pro Rata Repurchases means any purchase of shares of Common Stock by the Company or any Affiliate thereof pursuant to (A) any tender offer or exchange offer subject to Section 13(e) or 14(e) of the Exchange Act or Regulation 14E promulgated thereunder or (B) any other offer available to substantially all holders of Common Stock, in the case of both (A) or (B), whether for cash, shares of Capital Stock of the Company, other securities of the Company, evidences of indebtedness of the Company or any other Person or any other property (including, without limitation, shares of Capital Stock, other securities or evidences of indebtedness of a subsidiary), or any combination thereof, effected while this Warrant is outstanding. The “Effective Date” of a Pro Rata Repurchase shall mean the date of acceptance of shares for purchase or exchange by the Company under any tender or exchange offer which is a Pro Rata Repurchase or the date of purchase with respect to any Pro Rata Repurchase that is not a tender or exchange offer.

  • Pro Rata Repurchase means any purchase of shares of Common Stock by the Corporation or any subsidiary thereof, whether for cash, shares of capital stock of the Corporation, other securities of the Corporation, evidences of indebtedness of the Corporation or any other person or any other property (including shares of a subsidiary of the Corporation), or any combination thereof, effected while any of the shares of ESOP Preferred Stock are outstanding, pursuant to any tender offer or exchange offer subject to Section 13(e) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or any successor provision of law, or pursuant to any other offer available to substantially all holders of Common Stock; provided, however, that no purchase of shares by the Corporation or any subsidiary thereof made in open market transactions shall be deemed a Pro Rata Repurchase. For purposes of this paragraph I(7), shares shall be deemed to have been purchased by the Corporation or any subsidiary thereof “in open market transactions” if they have been purchased substantially in accordance with the requirements of Rule 10b-18 as in effect under the Exchange Act, on the date shares of ESOP Preferred Stock are initially issued by the Corporation or on such other terms and conditions as the Board of Directors of the Corporation or a committee thereof shall have determined are reasonably designed to prevent such purchases from having a material effect on the trading market for the Common Stock.

  • Pro Rata Fraction means a fraction, the numerator of which shall be equal to the number of days between the Grant Date and the Participant’s Date of Termination and the denominator of which shall be 1095.

  • Pro Rata Allocation The allocation of the principal portion of Realized Losses to the Senior Certificates (other than the Class R and Class P Certificates), on the one hand, and the Class B Certificates, on the other hand, pro rata according to their respective aggregate Class Principal Balances, in reduction thereof in the manner provided in the succeeding paragraphs of this definition (except if the loss is recognized with respect to a Class P Mortgage Loan, in which case the applicable Class P Fraction of such loss shall first be allocated to the Class P Certificates, and the remainder of such loss shall be allocated as set forth above), and the allocation of the interest portion of Realized Losses to all Classes of Certificates (other than the Class R and Class P Certificates) pro rata according to the amount of interest accrued but unpaid on each such Class, in reduction thereof, and then to the Senior Certificates (other than the Class R, Class P and Class X Certificates), on the one hand, and the Class B Certificates, on the other hand, pro rata according to their respective aggregate Class Principal Balances, in reduction thereof in the manner provided in the succeeding paragraphs of this definition. The principal portion of a Realized Loss on any Mortgage Loan allocated to the Class A Certificates pursuant to this definition of "Pro Rata Allocation" shall be allocated in reduction of the respective Class Principal Balances of the Subgroup 1, Subgroup 2 and Subgroup 3 Certificates as follows:

  • Reduction Percentage means the percentage rate by which the Initial Per Certificate Entitlement will reduce on a daily basis on the assumption that the daily rate will be theper annum rate specified in the Final Terms divided by 365 and applied accordingly. B.26 Investment managementNot applicable - there is no active management of the assets of the Issuer. B.27 Further issuances backed by same pool of assetsNot applicable – the Issuer will not issue further securities backed by the same pool of assets. B.29 Description of the flow of fundsSave to the extent that the Authorised Participant as subscribed for the issue of Certificates in whole or in part by the physical delivery of the relevant Precious Metal in respect of the Series (the "Underlying Precious Metal"), the net proceeds from each issue of Certificates will be used (a) to purchase the Underlying Precious Metal and (b) to pay any listing fees incurred in connection with the listing of the Certificates. The Certificates will not bear interest. On redemption, a Certificateholder will, in respect of a Certificate, receive on a date on or before the third business day following the relevant Eligible Redemption Valuation Date(being any business day) (in each case the "Settlement Date"):

  • Pro Rata Amount means, for each Major Investor, that portion of the New Securities identified in an Offer Notice which equals the proportion that the Common Stock issued and held, or issuable (directly or indirectly) upon conversion and/or exercise, as applicable, of the Preferred Stock and any other Derivative Securities then held, by such Major Investor bears to the total Common Stock of the Company then outstanding (assuming full conversion and/or exercise, as applicable, of all Preferred Stock and other Derivative Securities).

  • Aggregate Reduction has the meaning specified in Section 1.3.

  • extended reduction means a reduction under this scheme for which a person is eligible under Part 12 (extended reductions);

  • Pro Rata Percentage of any Revolving Credit Lender at any time shall mean the percentage of the Total Revolving Credit Commitment represented by such Lender’s Revolving Credit Commitment. In the event the Revolving Credit Commitments shall have expired or been terminated, the Pro Rata Percentages shall be determined on the basis of the Revolving Credit Commitments most recently in effect, giving effect to any subsequent assignments.

  • Pro-rata Liquidation means an amount equal to the liquidation of the relevant Collateral Assets held in the Margin Account for a Series of ETP Securities, pro rata to the amount of ETP Securities being redeemed divided by the total number of ETP Securities for such Series, after the pro rata deduction of all costs and expenses incurred by the Issuer in connection with the liquidation of such Collateral Assets, the pro rata deduction of the Arranger Fee and any Funding and Brokerage Fees.

  • Pro-rata Annual Bonus means the amount of Annual Bonus, multiplied by a fraction, the numerator of which is the number of days in such year during which the Executive was actually employed by the Company (or its predecessor) and the denominator of which is 365.

  • Proportionate Percentage means the percentage that expresses the ratio of (x) the number of issued and outstanding shares of capital stock of the Company (on an as converted basis) then owned of record by such stockholder over (y) the aggregate number of outstanding shares of capital stock of the Company (on an as converted basis).

  • Shift Percentage As to any Distribution Date occurring during the five years beginning on the first Distribution Date, 0%. For any Distribution Date occurring on or after the fifth anniversary of the first Distribution Date as follows: for any Distribution Date in the first year thereafter, 30%; for any Distribution Date in the second year thereafter, 40%; for any Distribution Date in the third year thereafter, 60%; for any Distribution Date in the fourth year thereafter, 80%; and for any Distribution Date thereafter, 100%.

  • Reduction means measures designed to reduce or eliminate human exposure to lead-based paint hazards through methods including interim controls and abatement.

  • PO Percentage As to any Discount Mortgage Loan, a fraction (expressed as a percentage) the numerator of which is the excess of the Required Coupon over the Adjusted Net Mortgage Rate of such Discount Mortgage Loan and the denominator of which is such Required Coupon. As to any Non-Discount Mortgage Loan, 0%.

  • Allocable Percentage means, on any date of determination thereof, a fraction the denominator of which shall be equal to the number of Borrowers who are parties to this Agreement on such date and the numerator of which shall be 1; provided, however, that such percentages shall be modified in the event that contribution from a Borrower is not possible by reason of insolvency, bankruptcy or otherwise by reducing such Borrower’s Allocable Percentage equitably and by adjusting the Allocable Percentage of the other Borrowers proportionately so that the Allocable Percentages of all Borrowers at all times equals 100%.

  • FX Reduction Amount is defined in Section 2.1.3.

  • Termination Percentage has the meaning set forth in Section 2.2.

  • Applicable Commitment Percentage means, with respect to each Lender at any time, a fraction, the numerator of which shall be such Lender's Revolving Credit Commitment and the denominator of which shall be the Total Revolving Credit Commitment, which Applicable Commitment Percentage for each Lender as of the Closing Date is as set forth in Exhibit A; provided that the Applicable Commitment Percentage of each Lender shall be increased or decreased to reflect any assignments to or by such Lender effected in accordance with Section 11.1.