Pro rata sharing clause
Webb13 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 business last valued by investors at $3. ... WebbSample 1. Pro Rata Liability. In addition to the limitations set forth in Sections 7.1 (a), (e), (g), (h) and (i), under no circumstances shall any Seller be liable for indemnification under Section 7.1 (b) of this Agreement or otherwise for an amount in excess of such Seller ’s Pro Rata Share of the lesser of (1) the Indemnity Cap or (2 ...
Pro rata sharing clause
Did you know?
WebbProrata Sharing. Except to the extent otherwise provided herein (i) each payment or prepayment of principal of the Loans shall be distributed by the Administrative Agent pro … WebbSample 1. Pro-rata Indemnification. From and after the Closing, and subject to the limitations set forth herein, each Seller shall indemnify the Buyer Indemnified Persons for such Seller ’s Pro Rata Share of all Losses incurred or sustained by, or imposed upon, such Buyer Indemnified Person resulting from: Sample 1.
WebbPro 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 … Webb15 maj 2024 · At the other end of the scale, some pro rata sharing provisions only apply to payments that are “due and payable,” or to payments resulting from enforcement actions against collateral. This...
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 …
WebbPro 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).
WebbPro Rata Share" means, with respect to each Participation Rights Holder, the ratio of the following numbers calculated immediately prior to the issuance of the New Securities … how far is 500 mWebb22 juni 2024 · Pro rata is another Latin term that means "in proportion." Usually, this term is used in situations where two parties have an unequal stake in a business or enterprise. If Party A has an 80%... hife festivalWebbPro Rata Payment. All payments owed to the Holders of the Notes (whether for principal, interest, or otherwise) shall be made pro rata among such Holders based upon the … how far is 500 meters in feetWebbTenant'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 ... how far is 500 light yearsWebb17 jan. 2024 · Finally, a pro rata clause provides that the two policies proportionally contribute to the loss (courts across the country take differing approaches to the pro … how far is 500 meters to milesWebb29 feb. 2016 · In most cases, a Tenant’s Pro Rata Share is determined by the following fraction: Some leases will clearly state the square footage of the denominator. This will make the tenant’s Pro Rata Share easy to calculate and verify. Other leases may simply state a percentage amount. how far is 500 meters in minecraftWebbA 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 … hife flyer