Pro Rata UPB Share

Pro Rata UPB Share. Shall mean for each Participating Counterparty a fraction the numerator of which is an amount equal to the sum of the unpaid principal balances (net of any cash collateral or other margin) for such Participating Counterparty's Applicable Agreements and the denominator of which is an amount equal to the sum of the unpaid principal balances (net of any cash collateral or other margin) for all of the Applicable Agreements, in each case, based on the unpaid principal balances (net of any cash... collateral or other margin), as calculated by the Companies based on each Participating Counterparty's unpaid principal balances as of close of business on June 12, 2020. View More