Prorated Share definition

Prorated Share means the fees and expenses incurred by USDA for prosecuting and maintaining the Licensed Patent divided by the number of licensees.
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Prorated Share the prorated share of Bonds held by the holder on the relevant effective date as stated in Section 26.7 below, out of the total par value of the Bonds in circulation at that time. It is clarified that the calculation of the relative share will remain fixed even if following such date there is a change in the par value of the debentures held by the holder. It is clarified that the debenture holders responsible for covering expenses as stated in this section above will be able to incur the expenses stated in this section above beyond their relative share, and in this case the order of priority will apply to the restitution of the amounts in accordance with what is stated in Section 11 of this Deed of Trust.
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Prorated Share means an amount based on the amount of the Member’s contribution in SKLF’s assurance funds established for a particular Program: (a) as a proportion of the total deposits to the assurance fund established for a particular Program; and (b) calculated at the time the request for refund of Member’s contribution to the assurance fund is made.
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Examples of Prorated Share in a sentence

  • Other than the monthly payment of Tenant’s Prorated Share of taxes and Operating Expenses set forth above, Tenant shall not be obligated in any manner to pay any other taxes or expenses incurred by Landlord in connection with the management, use and operation of the Premises, the Building and the Property, and Landlord shall be solely responsible for the timely payment thereof.

  • The City shall pay to the Lessor the City’s proportionate share of a Property Special Assessment that is billed and payable during the Term, if any equal to the product of the Property Special Assessment multiplied by the City’s Prorated Share as defined below (“Special Assessments Charge”).

  • Tenant’s Phase IV Generator Prorated Share shall be increased to Forty-seven and 4/10ths Percent (47.4%) (25,531/53,834).

  • Further, all Regular Restricted Shares that have been held by the Executive pursuant to a Share Award Agreement for a period of one (1) year or more, plus an additional number of Regular Restricted Shares equal to the Prorated Share Amount, shall cease to be subject to the restrictions imposed by the Company and shall be distributed to the Executive or his estate, as applicable, as promptly as practicable.

  • The Lessee's pro-rata share shall be computed in the same manner and using the same formula as that used for computing increased tax payments as outlined in Section 10 (Prorated Share).

  • The Trustee will ask the debenture holders who held the debentures on the effective date (as stated in Section 26.5 below) to provide it with the Financing Cushion amount – with each Bondholder furnishing their Prorated Share (as defined below).

  • The Lessor shall bill back to the City their Prorated Share of Common Area Charges as defined in Section 7.c.

  • The numerator in the Adjacent Tenant’s Prorated Share equation in Sub-Section 7.b. of this Lease shall increase by the gross leasable area of the Adjacent Space and documented in the Amendment.

  • If the estimate of taxes and Operating Expenses utilized by Landlord in calculating Tenant’s Prorated Share for the preceding year exceeded the actual taxes and Operating Expenses paid by Landlord, then Landlord shall, at its election, either refund such excess payment to Tenant within 30 days after delivery of such verification to Tenant, or credit such amount against Tenant’s next monthly payment(s) of base rent and taxes and Operating Expenses.

  • By December 15th of each year during the Term, the Lessor shall provide the City with a copy of Xxxxxx’s estimated operating budget for the total Common Area Charges for the subsequent calendar year and the City’s Prorated Share.


More Definitions of Prorated Share

Prorated Share means the total number of unpaid units or funds divided by the number of months remaining between the time the prorated share is calculated and the end date of the contract.
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Related to Prorated Share

  • Allocated Share for any month means that percentage of CMISC Reimbursable Out-of-Pocket Expenses which would be allocated to a Fund for such month in accordance with the methodology described below under the heading “Methodology of Allocating CMISC Reimbursable Out-of-Pocket Expenses.”

  • Performance Share means an Award denominated in Shares which may be earned in whole or in part upon attainment of performance goals or other vesting criteria as the Administrator may determine pursuant to Section 10.

  • Time-share unit means a condominium unit in which a time-share estate or a time-share license exists.

  • Performance Share Unit or “PSU” means a unit equivalent in value to a Share, credited by means of a bookkeeping entry in the books of the Corporation in accordance with Article 6;

  • Phantom Share means a right, pursuant to the Plan, of the Grantee to payment of the Phantom Share Value.

  • Vesting Period means the period of time specified by the Committee during which vesting restrictions for an Award are applicable.

  • Award Value means the value, in dollars, of an award made to a Participant and as stated in the applicable Award Agreement, which is provided under the Plan in the form of PSUs or RSUs, as the case may be.

  • Option Share has the meaning ascribed to it in section "4.7" hereinbelow;

  • Unit Value means, at any time, the value of each Stock Unit, which value shall be equal to the Fair Market Value (as defined in the Plan) of a Share on such date.

  • PSU means Public Sector Undertaking

  • Unit Share has the meaning ascribed thereto in the first paragraph of this Agreement;

  • Vesting Date has the meaning set forth in Section 3.10(c)(ii).

  • Per Share Value means the average value of the consideration to be received in respect of each outstanding Common Share pursuant to the Qualifying Transaction as determined by mutual agreement of the Independent Directors (as defined in Section 2(b)(ii) below) and the holders of not less than 50% in interest of all outstanding warrants to purchase Common Shares containing this provision, or, if they shall fail to agree, by an Investment Bank.

  • Grant Amount or “Grant” means the total amount of financial assistance disbursed under this Agreement, which consists of the City's Amount and the Consultant’s Amount.

  • Share Unit means either an RSU or a PSU, as the context requires.

  • Performance Share Units means Performance Share Units granted to an Eligible Individual under Section 9.1(b).

  • Deferred Share means a Share which by its terms of issue is a deferred share as defined in the Statutes and includes a permanent interest bearing share and a Core Capital Deferred Share;

  • Share Value means $25.00 plus declared and unpaid dividends as at the date of the Trigger Event.

  • certificated share means a share which is not an uncertificated share and references in these articles to a share being held in certificated form shall be construed accordingly;

  • Vesting Year means a unit of Service credited to a Participant pursuant to Section 9.2 for purposes of determining his vested interest in his Account.

  • Phantom Unit means a notional Unit granted under the Plan which upon vesting entitles the Participant to receive, at the time of settlement, a Unit or an amount of cash equal to the Fair Market Value of a Unit, as determined by the Committee in its sole discretion.

  • Performance Unit means an Award which may be earned in whole or in part upon attainment of performance goals or other vesting criteria as the Administrator may determine and which may be settled for cash, Shares or other securities or a combination of the foregoing pursuant to Section 10.

  • car-share means the practice where a number of people share the use of one or more cars that are owned by a profit or non-profit car-sharing organization and where such organization may require that use of cars to be reserved in advance, charge fees based on time and/or kilometres driven, and set membership requirements of the car-sharing organization, including the payment of a membership fee that may or may not be refundable;

  • Cash Portion is defined in Section 2.2(a)(iii) hereof.

  • Vested means the nonforfeitable portion of any account maintained on behalf of a Participant.

  • Performance Date means December 31, 2022. If the Locality, in consultation with the Authority and VEDP, deems that good faith and reasonable efforts have been made and are being made by the Company to achieve the Targets, the Locality may, prior to the then-current Performance Date, request an extension of the Performance Date by up to 15 months. Any extension of the Performance Date shall require the prior approval of the Board of Directors of VEDP (the “Board”). If the Performance Date is extended, the Locality shall send written notice of the extension to the Authority, the Company and VEDP and the date to which the Performance Date has been extended shall be the “Performance Date” for the purposes of this Agreement.