Pro rata sharing clause
WebbSet-Off; Pro Rata Sharing. Each Borrower hereby confirm to Agent and each Lender the continuing and immediate rights of set-off of Agent and each Lender with respect to all …
Pro rata sharing clause
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Webb13 mars 2024 · Pro rata is a Latin term – meaning “in proportion” – that is used to assign or allocate value in proportion to something that can accurately and definitively be … WebbPro Rata Shares. All Loans shall be made by Lenders simultaneously and proportionately to their respective Pro Rata Shares, it being understood that no Lender shall be responsible …
WebbTenant's Pro Rata Share of Operating Expenses. Initially .9038%, subject to adjustment in accordance with Sections 1.4 (h) and 11.20. Sample 1. Tenant's Pro Rata Share of Operating Expenses. In addition to any other sums due from Tenant under this Lease, Tenant shall pay to Landlord, as additional rent, in the manner and at the times set forth ... WebbPro Rata Shares All Loans shall be made, and all participations purchased, by Lenders simultaneously and proportionately to their respective Pro Rata Shares, it being …
Webb19 sep. 2024 · Following the conversion or repayment in full of the outstanding amount under your Note, your “pro rata share” shall mean the ratio of the number of shares of capital stock of the Company then held by you (calculated on an as-converted to Common Stock basis) to the number of fully diluted shares immediately prior to the issuance of … Webb28 mars 2024 · A pro rata liability clause is a stipulation in an insurance policy that obliges the insurance company to cover only a percentage of a loss if the insured has other …
Webb15 maj 2024 · The formulation of pro rata sharing provisions first became an area of focus in the 90s in the context of sponsors trying to capture trading discounts by making …
WebbA pro rata clause is a clause in an insurance policy which states that each insurer providing coverage for an asset will pay out claims for that asset in proportion to the coverage … how to stretch front deltWebb13 sep. 2024 · Course Hero, once an edtech unicorn valued at $3.6 billion, conducts layoffs. Natasha Mascarenhas. 12:48 PM PDT • March 16, 2024. Course Hero, a tutoring … how to stretch formula in excelWebbRelated to Pro Rata Interest. Pro Rata Payments Payments to the Holders shall be pro rata with other Holders who purchased Notes in the same oRering, based on the Principal Amount of each such Note. If a Holder receives a payment in excess of his, her, or its pro rata share, the excess shall be deemed to be held in trust for the benefit of other Holders. how to stretch for squatsWebbPro Rata Sharing. Any sums obtained from the Borrower by any Lender by reason of the exercise of its rights of set -off, banker 's lien or in collection shall be shared ( net of costs ) pro rata among the Lenders on the basis of the principal amount of Loans . COMMITMENTS AND PRO RATA SHARES. Subsidiaries. Part (b). Other Equity … Tenant’s Pro Rata Share. For the period commencing with the 9th Floor … Related to Set Off and Pro Rata Sharing. Set Off; Mitigation The Company’s obligation … Pro Rata Payments. Payments to the Holders shall be pro rata with other … Related to AS LENDER. LENDER The term “Lender” shall mean the holder of any … Loans Outstanding. Notwithstanding the foregoing provisions of this Section, a … Related to Rights of Set. Rights of Set-Off Buyer shall have the following rights of … Related to Amount Owed. Amount of Fee Prior to the beginning of each contract … reading brings us togetherWebbPro Rata means certain total amount (e.g., payment, cost, price, fee) distributed in equal portions or in proportion to some factor (e.g., time period, partial usage or consumption). Prorate (verb) Prorate means a process of determining and proportionally allocating the pro rata portions as a share of any given whole (i.e., pro rata calculation). how to stretch front lower leg musclesWebb16 nov. 2024 · The core principle of the job-sharing arrangement is flexibility. While you as an employer should be clear about what you expect in terms of outputs in many cases it will be the job-sharers themselves who will work out how they will deliver in the role. The ideal job-share is where handovers are smooth and consistency of work is maintained. reading brings out the best youWebbCompeting Other Insurance Clauses Result In Pro-Rata Sharing Between Insurers. The United States District Court for the Eastern District of North Carolina, applying North Carolina law, has held that where an occurrence-based policy and a claims-made policy each contains an "other insurance" clause providing that the policy shall be excess of ... reading browser