Pro Rata Shares definition

Pro Rata Shares means such percentage shares of the Lenders.

Pro Rata Shares means, with respect to (i) any Class A Member, such Class A Member’s Class A Membership Interests divided by the aggregate Class A Membership Interests of all Class A Members or (ii) any Class B Member, such Class B Member’s Class B Membership Interests divided by the aggregate Class B Membership Interests of all Class B Members.

Pro Rata Shares means, with respect to each Stockholder, Shares of such Stockholder equal in number to the product of:

Examples of Pro Rata Shares in a sentence

• Each such prepayment shall be applied to the Loans of the Lenders in accordance with their respective Pro Rata Shares.

• All Revolving Loans (other than Swing Loans and Extraordinary Advances) shall be made by the Lenders contemporaneously and in accordance with their Pro Rata Shares.

• If any Lender, whether in connection with setoff or amounts which might be subject to setoff or otherwise, receives collateral or other protection for its Obligations or such amounts which may be subject to setoff, such Lender agrees, promptly upon demand, to take such action necessary such that all Lenders share in the benefits of such collateral ratably in proportion to their respective Pro Rata Shares of the Aggregate Outstanding Credit Exposure.

• All Advances (other than Swing Loans and Protective Advances) shall be made by the Lenders contemporaneously and in accordance with their Pro Rata Shares.

• All Advances (other than Swing Loans and Agent Advances) shall be made by the Lenders contemporaneously and in accordance with their Pro Rata Shares.

More Definitions of Pro Rata Shares

Pro Rata Shares is defined in Section 1.5(a) hereof.

Pro Rata Shares shall have the meaning set forth in the Partnership Agreement. “Prohibited Jurisdiction” shall mean, any country or jurisdiction, from time to time, that is the subject of a prohibition order (or any similar order or directive), sanctions or restrictions

Pro Rata Shares shall have the meaning set forth in the Partnership Agreement.

Pro Rata Shares or "Event of Default";

Pro Rata Shares means, with respect to any Person that is a member of the Knightspoint Group, the number of Common Shares at any given time equal to the following: (i) the number of Common Shares directly Beneficially Owned by such Person divided by (ii) the aggregate number of Common Shares directly or indirectly Beneficially Owned by all members of the Knightspoint Group multiplied by (iii) the number of Excess Shares; provided, however, that the aggregate sum of all Pro Rata Shares at any given time for all members of the Knightspoint Group shall always be equal to the number of Excess Shares, and the foregoing calculation shall be adjusted on a pro rata basis to account for any member of the Knightspoint Group that fails to comply with the requirement described in Section 1(o)(iii) or to correct for any other anomaly that may result in the foregoing calculation causing the aggregate sum of all Pro Rata Shares at any given time for all members of the Knightspoint Group not to be equal to the number of Excess Shares.

Pro Rata Shares with respect to any Member, a portion of the number of Shares owned by the Company attributable to such Member's Ownership Interest, which will equal the product of [x] the aggregate number of Shares owned by the Company multiplied by [y] such Member's percentage Ownership Interest in the Company, expressed as a decimal. If any Member contributes Limited Voting Shares to the Company, all of such Shares shall be attributed to that Member as part of its Pro Rata Shares.

Pro Rata Shares means the total amount of Company Stock and/or Company Warrants, on a fully diluted basis, owned by each Stockholder or Warrantholder immediately prior to the Effective Time, as a percentage of the sum of, as of immediately prior to the Effective Time, the aggregate number of (i) shares of Company Stock issued and outstanding immediately prior to the Effective Time; plus (ii) the maximum aggregate number of shares of Company Stock issuable upon full exercise, exchange or conversion of all Company Warrants.