Pro rata sharing clause

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WebbSample 1. PRO-RATA CLAUSE. All benefits of this Agreement shall, unless otherwise specified, accrue on a pro rata basis to all employees. Except in the case of prolonged … 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 …

Pro Rata Shares Sample Clauses: 681 Samples Law Insider

Webb17 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 … 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... state bank of pakistan lahore contact number

Managing Insurance Coverage from Multiple Insurers - IRMI

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 ... 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, and all participations purchased, by Lenders simultaneously and proportionately to their respective Pro Rata Shares, it being … state bank of pakistan prize bond claim form

Essential Clauses in a Share Purchase Agreement: A Detailed

Pro Rata Liability Sample Clauses Law Insider

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 … WebbA pro-rata clause: an insurer usually pays its loss’s share in the proportion its policy limits relates to the aggregate coverage available under all applicable insurance policies; 2. An excess clause: an insurer pays a loss only after other primary insurance is exhausted; 3. state bank of pakistan new currency notesWebbCompeting 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 ... state bank of pakistan prize bond form

"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 … " - Pro rata sharing clause

Pro rata sharing clause

Pro Rata Interest Sample Clauses Law Insider

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 … Webb10 maj 2024 · This clause must encompass the warranties, representations, obligations, & execution of the agreement. Consideration & Sale of Shares As per this clause, there must include a clear illustration of the payment structure in the agreement. The details given below should find their way in the agreement under the consideration terms.

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WebbA sharing clause aims to: (a) prohibit the borrower from discriminating against the lenders by making payments to only some and not all the lenders; and (b) discourage a … WebbPro 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.

Webb14 apr. 2024 · The meaning of PRO RATA CLAUSE is a clause in an insurance policy limiting an insurer's liability for a loss to a proportionate share in relation to coverage … WebbPro Rata [Latin, Proportionately.] A phrase that describes a division made according to a certain rate, percentage, or share. In a Bankruptcy case, when the debtor is insolvent, creditors generally agree to accept a pro rata share of what is owed to them.

Webb16 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. WebbShare via email Close Share Drafting note Via Email modal Close Close Share Drafting note Via Email modal Document Syndication and transfer of loans—overview Send to Email address * Open Help options for Email Address. You can send the message to up to 4 other recipients. Separate each address with a semi-colon (;) Example: [email protected];

Webb22 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%...

WebbSample 1. Pro Rata Rights. (a) The Company hereby grants to Purchaser the right of first refusal to purchase its Pro Rata Share of New Securities (as defined below) which the … state bank of pakistan ntn numberWebbSample 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 ... state bank of pakistan premium prize bondWebbPro 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 … state bank of pakistan kibor ratesWebbA 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 … state bank of pakistan pictureWebb28 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 policies from other companies covering the same risk. After the insurer covers that percentage, the other companies pay for the rest. Advertisement state bank of pakistan quettaWebb29 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. state bank of pakistan prize bond draw resultWebbProrata 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 … state bank of pakistan rate sheet