Proportionate Basis definition

Proportionate Basis means the relevant proportion for each Council by reference to their respective percentage contribution as set out in Clause 12.5.3 (Councils' Contribution)

Proportionate Basis means when used with respect to the redemption of Bonds, that the funds available for payment of the Redemption Price, before rounding, shall be applied so that the percentage of the Bond Value of each maturity to be redeemed (in relation to the amount of Bonds of such maturity Outstanding immediately before such redemption) shall equal the same percentage for every maturity. The amount so determined for each maturity may be rounded up or down, at the discretion of the Commission, to an amount representing an integral multiple of the denomination of the Bonds of such maturity. For the purposes of the foregoing, Term Bonds shall be deemed to mature on the dates and in the amounts of then-current Mandatory Sinking Account Payments.

Proportionate Basis means, with respect to an item or items attributable to a particular member or members of the SNI Group, the determination of the portion of such items based on the total value of such items over the total value of all items in the same category for the entire EWS Group for the same Affiliation Year of the EWS Group, subject to any appropriate Adjustments thereto, as determined by the Parties.

Examples of Proportionate Basis in a sentence

• For the avoidance of doubt, any claim arising otherwise than through the wilful default or breach by the Accountable Body or the other Councils shall be divided amongst the Councils (including the Accountable Body) on a Proportionate Basis.

• For the avoidance of doubt, any claim arising otherwise than through the wilful default or wilful breach by the Accountable Body or the other Parties shall be divided amongst the Parties (including the Accountable Body) on a Proportionate Basis.

• If there any limitations in the ability of the EWS Group to utilize items in the same category as the items that comprise such claim, any Income Tax Benefit will be determined by EWS in consultation with SNI based on the assumption that the items were utilized on a Proportionate Basis, EWS will pay to SNI the amount of the Income Tax Benefit, if any, derived from such claim within 30 business days after it receives a refund or credit for refund therefor.

• Redemption of Bonds, in part, shall be made on a Proportionate Basis from all maturities of Senior Bonds then Outstanding, and once no Senior Bonds remain Outstanding, from all maturities of Subordinate Bonds.

• If there any limitations in the ability of the AXP Group to utilize items in the same category as the items that comprise such claim, any Income Tax Benefit will be determined by AXP in good faith based on the assumption that the items were utilized on a Proportionate Basis.

More Definitions of Proportionate Basis

Proportionate Basis means the relevant proportion for each Council by

Proportionate Basis means the relevant proportion for each Party by reference to their respective fractional contribution as set out in Clause 12.5.3 (Parties' Contribution)

Proportionate Basis means the relevant proportion for each Party byreference to their respective fractional contribution as set out in Clause 12.5.3 (Parties' Contribution)

Proportionate Basis means, with respect to an item or items attributable to a particular member or members of the Ameriprise Group, the determination of the portion of such items based on the total value of such items over the total value of all items in the same category for the entire AXP Group for the same Affiliation Year of the AXP Group, subject to any appropriate Adjustments thereto, as determined by AXP in good faith.

Proportionate Basis means the relevant proportion for each Party by reference totheir respective fractional contribution as set out as follows: PartiesProportion of ContributionConwy Council1/8Denbighshire Council1/8Flintshire Council1/8Gwynedd Council1/8The Isle of Anglesey Council1/8Wrexham Council1/8Bangor University1/16Wrexham University1/16Coleg Cambria1/16GRWP Llandrillo Menai1/16

Proportionate Basis means, with respect to an item or items attributable to a particular member or members of the Scripps Spinco Group, the determination of the portion of such items based on the total value of such items over the total value of all items in the same category for the entire Scripps Group for the same Affiliation Year of the Scripps Group, subject to any appropriate Adjustments thereto, as determined by the Parties.

Proportionate Basis when used with respect to the redemption of Bonds, shall mean that the aggregate principal amount of each maturity (and series, if applicable) to be redeemed shall be determined as nearly as practicable by multiplying the total amount of funds available for redemption by the ratio which the principal amount of Bonds of each maturity (of such series, if applicable) then Outstanding and to be redeemed bears to the principal amount of all Bonds (of such series, if applicable) then Outstanding and to be redeemed; provided that if the amount available for redemption of Bonds of any maturity is insufficient to redeem a multiple of $1 principal amount of such maturity, such amount shall be applied to the redemption of the highest possible integral multiple (if any) of $1 principal amount of such maturity. For purposes of the foregoing, the Bonds shall be deemed to mature in the years and in the amounts of the sinking fund installments as set forth in the Note. Any Bonds purchased with moneys which would otherwise be applied to redemption on a Proportionate Basis on the next succeeding Bond Payment Date shall be taken into account in determining “Proportionate Basis” with respect to such redemption. When used with respect to the purchase of Bonds “Proportionate Basis” shall have the same meaning as set forth above (substituting purchase for redeem or redemption, and purchased for redeemed).