Proration Procedures definition

Proration Procedures means: (i) if Sufficient Clearing Orders exist, in the case of a Submitted Hold/Sell Order specifying a rate equal to the Winning Rate (A) the number of shares of the relevant series of ATP to be the subject of an accepted Hold Order will be (1) the number of shares of such series of ATP subject to such Submitted Hold/Sell Order multiplied by (2) the total number of shares of such series of ATP that are neither the subject of a Submitted Buy Order or a Submitted Hold/Sell Order specifying a rate lower than the Winning Rate nor the subject of a Submitted Hold Order and divided by (3) the total number of shares of such series of ATP subject to Submitted Hold/Sell Orders that specified a rate equal to the Winning Rate, and (B) the number of shares of the relevant series of ATP to be the subject of an accepted Sell Order will be the remaining number of shares of such series of ATP subject to such Submitted Hold/Sell Order, (ii) if Sufficient Clearing Orders exist, in the case of a Submitted Buy Order specifying a rate equal to the Winning Rate (A) the number of shares of the relevant series of ATP to be the subject of an accepted Buy Order will be (1) the number of shares of such series of ATP subject to such Submitted Buy Order multiplied by (2) the difference between (x) the number of shares of such series of ATP that are the subject of a Submitted Sell Order or a Submitted Hold/Sell Order that specified a rate higher than the Winning Rate and (y) the number of shares of such series of ATP that are the subject of a Submitted Buy Order that specified a rate lower than the Winning Rate and divided by (3) the total number of shares of such series of ATP subject to Submitted Buy Orders that specified a rate equal to the Winning Rate, and (B) such Submitted Buy Order will not be accepted as to the remaining number of shares subject to such Submitted Buy Order, and (iii) if Sufficient Clearing Orders do not exist, in the case of a Submitted Hold/Sell Order specifying a rate higher than the Maximum Applicable Rate and in the case of a Submitted Sell Order (A) the number of shares of the relevant series of ATP to be the subject of an accepted Sell Order will be (1) the number of shares of such series of ATP subject to such Submitted Hold/Sell Order or Submitted Sell Order multiplied by (2) the total number of shares of such series of ATP that are the subject of a Submitted Buy Order specifying a rate equal to or lower than the Maximum Rate and dividend by (3) the to...
Sample 1

Examples of Proration Procedures in a sentence

  • See the discussion in the Proxy Statement-Prospectus set forth under "The Merger—Election and Proration Procedures".

  • When there shall be tendered to Carrier, for transportation, more Crude Petroleum than can be immediately transported, the transportation furnished by Carrier shall be apportioned among Shippers as provided in Carrier’s Pipeline Proration Procedures.

  • You may elect to receive either $29.50 in cash or 0.50266 shares of Phelps Dodge common stock for each of your Asarco common shares that are validly tendered and not properly withdrawn, subject, in each case, to the election and proration procedures described in this prospectus under the caption "The Offer -- Description of Election and Proration Procedures." The consideration we are offering you has a value of $28.21, based on the closing price of Phelps Dodge common stock on October 5, 1999 of 53 9/16.

  • See the discussion in the Proxy Statement-Prospectus set forth under "The Merger—Election and Proration Procedures" and "The Merger Agreement—Factors Affecting the Amount of Consideration".

  • Carrier’s Pipeline Proration Procedures dated [W] July 1, 2019 October 1, 2021 are available on Carrier’s internet site at https://www.plainsallamerican.com/customer-center/pipeline-tariffs or on request.

  • See the discussion in the Proxy Statement/Prospectus set forth under "THE MERGER—Election and Proration Procedures." As soon as practicable after the Election Deadline, the Exchange Agent shall determine the allocation of the cash and City National Common Stock portions of the Merger Consideration and shall notify City National of its determination.

  • See the discussion in the Joint Proxy Statement-Prospectus set forth under "THE MERGER -- Election and Proration Procedures." As soon as practicable after the Election Deadline, the Exchange Agent shall determine the allocation of the cash and Humboldt Common Stock portions of the Merger Consideration and shall notify Humboldt of its determination.

  • To the extent that the total elections for cash or shares of CPF Common Stock differ from the aggregate amounts of cash and stock to be paid by CPF, then the Exchange Agent will allocate between cash and shares of Central Pacific common stock as described under "THE MERGER—Allocation and Proration Procedures" in the Joint Proxy Statement-Prospectus.

  • Seller and Purchaser agree to the Administration and Proration Procedures contained in attached Appendix C.

  • See the discussion in the Proxy Statement-Prospectus set forth under "THE MERGER—Election and Proration Procedures." As soon as practicable after the Election Deadline, the Exchange Agent shall determine the allocation of the cash and First Community Common Stock portions of the Merger Consideration and shall notify First Community of its determination.

Related to Proration Procedures

  • Operation Procedures means the procedures contained in Annexure A hereto which the Contractor is obliged to follow when performing work on behalf of the company

  • Reconciliation Procedures means those procedures set forth in Section 7.09 of this Agreement.

  • Auction Procedures means the Auction Procedures that are set forth in Paragraph 10 of the Articles Supplementary.

  • Dispute Resolution Procedures means the procedures outlined in Annexure A of the MSA Determination.

  • AML/KYC Procedures means the customer due diligence (CDD) procedures of a Reporting Financial Institution pursuant to the anti-money laundering or similar requirements of the jurisdiction concerned to which such Reporting Financial Institution is subject.

  • Settlement Procedures means the Settlement Procedures attached hereto as Exhibit A.

  • Variation Procedure means the procedure set out in Clause 22.1 (Variation Procedure);

  • Settlement Procedures Timetable For offers to purchase Certificated Notes accepted by the Company, Settlement Procedures A through F set forth above shall be completed as soon as possible following the trade but not later than the respective times (New York City time) set forth below: Settlement Procedure Time ---------- ----

  • customs procedures means the treatment applied by the customs administration of each Party to goods which are subject to customs control.

  • Administrative Procedures means the Administrative Procedures of Minnesota Management & Budget developed in accord with M.S. 43A.04, subdivision 4.

  • Bidding Procedures means the bidding procedures for the solicitation and submission of bids for a sale, reorganization, or other disposition of Sellers or all or substantially all of their assets approved by the Bankruptcy Court pursuant to the Bidding Procedures Order.

  • Dispute Resolution Procedure means the procedure for resolving disputes as set out in Clause 17 (Dispute Resolution);

  • Procedures shall collectively mean DST’s transfer agency procedures manual, third party check procedures, checkwriting draft procedures, Compliance + and identity theft programs and signature guarantee procedures;

  • appropriate procedures means procedures reasonably designed to prevent and detect errors and omissions. In determining the reasonableness of such procedures, weight will be given to such factors as are appropriate, including the prior occurrence of any similar errors or omissions when such procedures were in place and transfer agent industry standards in place at the time of the occurrence.

  • Random selection process means a process by which currently income-eligible households are selected for placement in affordable housing units such that no preference is given to one applicant over another except for purposes of matching household income and size with an appropriately priced and sized affordable unit (e.g., by lottery).

  • Internal Procedures means in respect of the making of any one or more entries to, changes in or deletions of any one or more entries in the register at any time (including without limitation, original issuance or registration of transfer of ownership) the minimum number of the Warrant Agent’s internal procedures customary at such time for the entry, change or deletion made to be complete under the operating procedures followed at the time by the Warrant Agent, it being understood that neither preparation and issuance shall constitute part of such procedures for any purpose of this definition;

  • Applicable Depositary Procedures means, with respect to any transfer or transaction involving a Global Security or beneficial interest therein, the rules and procedures of the Depositary for such Security, in each case to the extent applicable to such transaction and as in effect from time to time.

  • Staff Vetting Procedures means vetting procedures that accord with good industry practice or, where requested by the Customer, the Customer’s procedures for the vetting of personnel as provided to the Supplier from time to time;

  • Ordering Procedures means the ordering and award procedures specified in Clause 6 (Ordering Procedures) and Framework Schedule 5 (Ordering Procedure);

  • Dispute Resolution Process means the process described in clause 9

  • Policies and Procedures means the written policies and procedures of the Client in any way related to the Services, including any such policies and procedures contained in the Organic Documents and the Offering Documents.

  • Change Control Procedures Has the meaning given in Section 9.6(a) of the Agreement. Change Management or Change Management Process Means the processes relating to planning and performing all changes in DIR Customer's IT environment pertaining to the Services, including changes to individual components and coordination of changes across all components. The Change Management processes will support and include checkpoints to determine any potential or required Change Control Procedures. Chargeback Has the meaning given in Exhibit 4 of the Agreement.

  • Standard Operating Procedures or “SOP” means the procedures as specified in the Annexes or Attachments to the relevant Schedules;

  • railway operational procedures means procedures specified under any access agreement (as defined in the Railways Act 1993) or station lease;

  • MERS Procedures Manual The MERS Procedures Manual, as it may be amended, supplemented or otherwise modified from time to time.

  • Mold remediation in accordance with professional standards means mold remediation of that