Examples of Proportionate Interest in a sentence
On termination or liquidation of the Trust, each Unitholder of record is entitled to receive on a proportionate basis based on such holder’s Proportionate Interest, (subject in each case to adjustment to reflect the Unit Series Expenses allocable to each respective series) all of the assets of the Trust remaining after payment of or provisions made for all debts, liabilities and liquidation expenses of the Trust.
It is anticipated that any risk of inadvertent capture of legal telephone numbers will be diminished by the fact that all prisoners will now have to supply the numbers and the fact that the numbers will be checked by staff.
Proportionate Interest Accounts are maintained in accordance with the terms of the Trust Instrument.
Unless otherwise agreed by the Parties, no adjustment to the Proportionate Interest of any Party in the Authority Property shall be made.
Notwithstanding the ownership of a Proportionate Interest in the Authority Property, the Parties acknowledge that the Operator shall have the sole and unfettered right to set all the rules and regulations respecting the usage of the Authority Property and shall restrict all access to the developed areas of the Authority Property in order for the Operator to ensure the safety of all users and to ensure the efficient usage of the Authority Property.