Proportionate Population Formula definition

Proportionate Population Formula means that formula that is calculated by having as the numerator, the number of residents residing in that Municipality and as the denominator, the total number of residents as residing in all the Municipalities, as these resident statistics are published by the Minister of Municipal Affairs (or any successor thereto);
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Examples of Proportionate Population Formula in a sentence

  • Upon each such recalculation of the Proportionate Population Formula, the Shareholders/Limited Partners shall redistribute the Proportionate Shares of Dividend Shares amongst themselves such that the percentage of Proportionate Shares of Dividend Shares held by each Shareholder/Limited Partner is equal to the percentage determined by the Proportionate Population Formula.

  • In the event that the Limited Partnership shall require a Capital Contribution for the provision of the Waste Services, that each Limited Partner shall be responsible to contribute in accordance with the Proportionate Population Formula, even if the proportionate responsibility shall differ from the percentage of each Limited Partner's Limited Partnership Interest.

  • Additionally, the Municipalities agree that the Proportionate Population Formula shall be based upon their respective population as compared to the region as a whole.

  • Adjustment of Share Distribution upon the occurrence of a municipal census and every municipal census thereafter, the Shareholders/Limited Partners shall update the foregoing chart in Section 7.07(a)(ii) hereof, by recalculating the Proportionate Population Formula and multiplying the calculated percentage by the 10,000 Proportionate Shares.