Pro rate definition

Pro rate or “Pro Rata Share” means, with respect to any distribution under the Plan to the Holder of an Allowed Claim in a particular Class or otherwise, a fraction, the numerator of which shall be the amount of such Holder’s Allowed Claim and the denominator of which shall be the sum of all Allowed Claims and all Disputed Claims in such Class and, if applicable, other Classes, all determined as of the applicable Distribution Date.
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Pro rate means the recognition of actual time worked, in comparison to a regular full time Employee.
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Pro rate means the proportion that an Allowed Claim bears to the aggregate amount of Allowed Claims in the class to which the Allowed Claim belongs.
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Examples of Pro rate in a sentence

  • After the two- month period ends, beginning July 1, 2018, those users will be charged at the Silexx Pro rate of $400 per month until they choose to downgrade.

  • In case of Total Loss/ CTL/ Theft of the vehicle during the policy, the policy shall be cancelled from the date of intimation of loss & third party premium for unexpired period shall be refunded on Pro- rate basis.

  • The Company reserves the right in its sole and absolute discretion to ay that portion of the severance which reflects Annual Incentive Awards and Pro rate Bonus in common stock of the Company, rather than in cash and subject to the requirements of applicable law, such stock shall be registered and freely tradable from the date received.

  • The Pro rate bonus payout assumes full year exit maximum at December 31 of the year.

  • Pro- rate or list only a portion of the Publicity expenses, if this project is part of a larger community celebration.

  • Unit Applied for: Number of Persons to Occupy the Premises - Adults: Children: Occupation Date: Lease Period: Pro rate Rental (If applicable): R Lease Fee: R Monthly Rental: R Damage Deposit:: R Utility Deposit: R I/We herby confirm that I/we have personally inspected the interior of the premises applied for.

  • Xxxxxxxxx Title: Executive Vice President By: Name: Title: Revolving Loans Commitment: Principal amount ($80,000,000) Pro rata share (13.33%) Term Loan Commitment: Principal amount ($20,000,000) Pro rate share (50%) Address for notices: FLEET RETAIL GROUP, INC., a Delaware corporation Fleet Retail Group, Inc.

  • By /s/ Scott Levy -------------------------- Scott Levy Managing Director Investment Banking Group Accepted and Agreed to as of the date first written above: APPALOOSA MANAGEMENT L.P. Pro rate share: 66.242% By /s/ K.

  • Pro rate share: 33.758% By: Harbinger Capital Partners Offshore Manager, LLC, as investment manager By /s/ Philip A.

  • Pro rate refunds may also be organized by agreement between the participant and the organisation.


More Definitions of Pro rate

Pro rate shall appear in this Lease, it shall refer to the Tenant's gross square footage 15,656 as that figure compares to the total gross square footage included in any billing for taxes, insurance or other services being provided for that portion of the leased premises.
Sample 1
Pro rate means, with respect to any offer of shares of Common Stock or securities exercisable or convertible into shares of Common Stock, an offer based on the relative percentages of Securities then held by or issuable to all of the stockholders to whom such offer is made.
Sample 1
Pro rate means the pro-rate period of the Warranty Period starting from the Date of Purchase of the Shingle by the first owner until the date of official claim for defects as listed in this TEGOLA CANADESE Limited Registered Warranty accepted and recorded by TEGOLA CANADESE, and covered by this TEGOLA CANADESE Limited Registered Warranty. “Warranty Period” means the total coverage period provided by Tegola Canadese Srl on the Shingles under this TEGOLA CANADESE Limited Registered Warranty. The duration of the Warranty Period for each model of Shingle is listed in the Information Table below.
Sample 1

Related to Pro rate

  • 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.

  • Monthly Salary Rate means the amount agreed to by the Owner that can be used on Applications for Payment throughout the Construction Phase to account for the services of Construction Manager’s salaried personnel assigned to the Project. A Monthly Salary Rate must be established for each salaried person and must be approved in writing by the Owner in advance of any Application for Payment for that person. The Monthly Salary Rate is for convenience only and any payments made for Construction Manager’s personnel are subject to audit to determine the actual cost of the wages and allowable employer contributions incurred by the Construction Manager for services performed for the Project.

  • Annualized as used herein shall mean the multiplication of the applicable amount for any given period by a fraction, the numerator of which is 365 and the denominator of which is the number of days elapsed in such period.

  • Annual Percentage Rate or “APR” of a Receivable means the annual percentage rate of finance charges or service charges, as stated in the related Contract.

  • Unused Fees has the meaning assigned to such term in the Lender Fee Letter.

  • 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%.

  • Monthly Uptime Percentage means total number of minutes in a calendar month minus the number of minutes of Downtime suffered in a calendar month, divided by the total number of minutes in a calendar month.

  • Unused Fee Rate means a per annum rate equal to 0.25%.

  • Applicable Fee Percentage means, as of any date of determination thereof, the applicable percentage used to calculate certain of the fees due and payable hereunder, determined by reference to the appropriate columns in the Pricing Matrix attached to this Agreement as Schedule 1.1.

  • 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"):

  • Final average salary means whichever of the following is greater:

  • Final Payment Percentage is five percent (5.00%).

  • Unused Fee has the meaning specified in Section 2.09(a).

  • Achievement Percentage means the percentage of achievement determined by the Committee after the end of the Performance Cycle in accordance with Section 4 that reflects the extent to which the Company achieved the Performance Goals during the Performance Cycle.

  • Applicable Unused Line Fee Percentage means, as of any date of determination, the applicable percentage set forth in the following table that corresponds to the Average Revolver Usage of Borrowers for the most recently completed month as determined by Agent in its Permitted Discretion; provided, that for the period from the Closing Date through and including the last day of the third full calendar month following the Closing Date, the Applicable Unused Line Fee Percentage shall be set at the rate in the row styled “Level II”; provided further, that any time an Event of Default has occurred and is continuing, the Applicable Unused Line Fee Percentage shall be set at the margin in the row styled “Level II”: I > 50% of the Maximum Revolver Amount 0.375 percentage points II ≤ 50% of the Maximum Revolver Amount 0.50 percentage points The Applicable Unused Line Fee Percentage shall be re-determined on the first date of each month by Agent.

  • Five-year U.S. Treasury Rate means, as of any Reset Dividend Determination Date, as applicable, (i) an interest rate (expressed as a decimal) determined to be the per annum rate equal to the arithmetic mean of the five most recent daily yields to maturity for U.S. Treasury securities with a maturity of five years from the next Reset Date and trading in the public securities markets or (ii) if there is no such published U.S. Treasury security with a maturity of five years from the next Reset Date and trading in the public securities markets, then the rate will be determined by interpolation between the arithmetic mean of the five most recent daily yields to maturity for each of the two series of U.S. Treasury securities trading in the public securities market, (A) one maturing as close as possible to, but earlier than, the Reset Date following the next succeeding Reset Dividend Determination Date, and (B) the other maturity as close as possible to, but later than, the Reset Date following the next succeeding Reset Dividend Determination Date, in each case as published in the most recent H.15. If the Five-year U.S. Treasury Rate cannot be determined pursuant to the methods described in clauses (i) or (ii) above, then the Five-year U.S. Treasury Rate will be the same interest rate determined for the prior Reset Dividend Determination Date.

  • Asset Percentage has the meaning specified in Section 2.05(b)(ii).

  • Applicable Commitment Fee Percentage means, as at any date of determination, the rate per annum then applicable in the determination of the amount payable under Section 2.15(C)(i) hereof determined in accordance with the provisions of Section 2.15(D)(ii) hereof.

  • Utilization Percentage means, as of any day, the fraction expressed as a percentage, the numerator of which is the Facility Usage on such day, and the denominator of which is the Borrowing Base in effect on such day.

  • Discount Percentage means the percentage, if any, designated from time to time by the Transferors pursuant to Section 2.11.

  • 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).

  • Constant Percentage 2 means 100%;

  • Utilization Fee Rate means the percentage set forth in Schedule 1 hereto beside the then applicable Level.

  • Adjusted CD Rate has the meaning set forth in Section 2.07(b).

  • Average Annual Bonus means the average of the annual bonuses (if any) from the Company earned by the Executive with respect to the Bonus Fiscal Years during all or any portion of which the Executive was employed by the Company; and, provided, further, that, if the Executive was not employed by the Company during all or any portion of any of the Bonus Fiscal Years, “Average Annual Bonus” means zero.

  • Target Bonus Percentage means, with respect to any Executive, the target bonus percentage specified for such Executive in his or her Employment Agreement.