Define: Pro Rata Basis
Pro Rata Basis means a proportional allocation or division among participants, possibly reflecting a percentage, subject to adjustments
Legal accuracy standard set & glossary spot-checked by Imad Mohammed Nazar , Skadden-trained M&A lawyer, Legal Engineer at GenieAI
Pro Rata Basis means a proportional allocation or division among participants, possibly reflecting a percentage, subject to adjustments.
Relevant Circumstances
- Debt financing and loan repayment
- Profit Distribution among Partners
- Division of proceeds among shareholders
- Allocation of assets during disinvestment
- Apportionment of costs or liabilities