Proportionate Part definition

Proportionate Part means a fraction, the numerator of which is the aggregate Partnership Percentage held by members of a Family Group who are Authorized Transferees of the applicable Former Partner and the denominator of which is the aggregate Partnership Percentage held by members of all Family Groups who are Authorized Transferees of the applicable Former Partner.
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Proportionate Part means, with respect to the item in question, the portion of the item in question, as of the date of any calculation, which bears the same proportion to the entire amount of the item in question as: (a) the Depreciated Actual Cost of the Vessel as of the date of such calculation bears to (b) the Depreciated Actual Cost of all the Vessels as of such date, all as determined by the Administrator.
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Proportionate Part means a fraction, the numerator of which is the number of Shares held by a Family Group and the denominator of which is the number of Shares held by all Family Groups.
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Examples of Proportionate Part in a sentence

  • The principal amount of the Proportionate Part of the Outstanding Obligations shall be determined by the Secretary.

  • Upon any such assumption, the Transferee shall succeed to and be substituted for the Shipowner with the same force and effect as if it had been named in the Indenture, the Obligations, this Security Agreement and the Mortgage (and such other documents) to the extent the same relate to such Proportionate Part of the Outstanding Obligations and to such Vessel or Vessels.

  • Provided that, notwithstanding the foregoing, the Shipowner shall not be required to pay the Secretary any amount which the Secretary agrees is in excess of the amount needed for redemption of the Proportionate Part of the Outstanding Obligations affected by the Loss Event.

  • When a Person so assumes this Indenture and such Proportionate Part of the Outstanding Obligations, the Supplemental Indenture shall discharge and release the Shipowner from any and all obligations thereunder relating to such Proportionate Part of the Outstanding Obligations.

  • Upon delivery of any such notice, this Warrant shall immediately terminate and be void, and the Company shall, within five Business Days thereafter, pay to the Registered Holder its Proportionate Part of $12,500,000, by wire transfer of immediately available funds to the account designated by the Registered Holder in the notice referred to above.


More Definitions of Proportionate Part

Proportionate Part means, with respect to any Partner or Family Group, the Partnership Percentage of such Partner or the aggregate Partnership Percentage of such Family Group.
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Proportionate Part means with respect to the item in question, the portion of the item in question, as of the date of any calculation, which bears the same proportion to the entire amount of the item in question as: (x) the Depreciated Actual Cost of the Vessel as of the date of such calculation as it bears to (y) the Depreciated Actual Cost of the Vessel as of such date (excluding the Depreciated Actual Cost of any Vessel upon which its Obligations have been redeemed pursuant to Section 3.06 of the Indenture), all as determined by the Secretary.
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Proportionate Part means, with respect to any Partner or Family Holders' Family Group, the Partnership Percentage of such Partner or the aggregate Partnership Percentage of such Family Holders' Family Group.
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Proportionate Part means with respect to the item in question, the portion of the item in question, as of the date of any calculation, which bears the same proportion to the entire amount of the item in question as: (x) the Depreciated Actual Cost of the Vessel as of the date of such calculation bears to (y) the Depreciated Actual Cost of all the Vessels as of such date (excluding the Depreciated Actual Cost of any Vessel upon which its Obligations have been redeemed pursuant to Section 3.06 of the Indenture), all as determined by the Administrator.
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Proportionate Part means, with respect to any Loan maturing in part due to the sale or other disposition of only a part of the Delivered Obligation purchased with the proceeds of such Loan, an amount equal to the original principal amount of such Loan multiplied by a fraction, the numerator of which shall be the original face principal amount of the portion of such Delivered Obligation then being sold or otherwise disposed of and the denominator of which shall be the entire original face principal amount of such Delivered Obligation.
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Proportionate Part means the ratio of the (i) number of Units held by a Member to (ii) the total number of Units held by all of the Members (excluding in each instance the Transferor and/or the Involuntary Transferor). If one or more of the Members decline to exercise his/her option to purchase their Proportionate Part of the Transferor Interest/Involuntary Transferor Interest, the remaining Members shall have the right to exercise the option which the Member(s) declined to exercise. The Members exercising this option (“exercising Members”) shall have the right to exercise the option with respect to the proportion of such Units equal to (i) the number of Units held by the exercising Member to (ii) the total number of Units held by all of the exercising Members or in any other proportion upon which the exercising Members may agree in writing.
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Proportionate Part with respect to any particular Purchaser shall mean the amount determined by the Investment Advisor, or, in lieu of such determination, that portion of the Option Units equal to the total number of Option Units times a fraction, the numerator of which is the number of Purchased Units purchased by such Purchaser pursuant hereto and the denominator of which is the total amount of Purchased Units purchased by all of the Purchasers.
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