Calculation of Pro Rata Allotment Sample Clauses
The Calculation of Pro Rata Allotment clause defines how shares, rights, or benefits are distributed among parties in proportion to their respective holdings or entitlements. In practice, this means that if additional shares are issued or assets are allocated, each party receives an amount corresponding to their percentage ownership or stake. For example, if a shareholder owns 10% of a company, they would be entitled to 10% of any new shares offered under a pro rata allotment. This clause ensures fairness and maintains the relative ownership positions of all parties, preventing dilution or disproportionate allocation.
POPULAR SAMPLE Copied 4 times
Calculation of Pro Rata Allotment. Each Preferred Stockholder’s “Pro Rata Allotment” of such securities shall be based on the ratio which the number of Shares owned by such Preferred Stockholder (which for these purposes shall include only (i) Preferred Stock and/or the Shares issuable in connection therewith, whether on conversion exchange or otherwise and (ii) any Shares acquired pursuant to this Section 4) bears to all of the issued and outstanding Shares as of the date of such written offer. If one or more Preferred Stockholders do not elect to purchase their full respective Pro Rata Allotment, each of the electing Preferred Stockholders may purchase such remaining shares on a pro rata basis, based upon the relative holdings of Shares of each of the electing Preferred Stockholders in the case of over-subscription.
Calculation of Pro Rata Allotment. For purposes of this Section, “Pro Rata Allotment” of such securities shall be based on the ratio which the aggregate number of Warrant Shares and Common Stock issuable upon exercise of the then outstanding Warrants, in each case owned by such Sub-Debt Warrantholders bears to all of the issued and outstanding Covered Securities as of the date of such written offer.
Calculation of Pro Rata Allotment. Each Offeree’s “Pro Rata Allotment” of such securities shall be based on the ratio which the number of Registrable Securities owned by such Offeree bears to all of the issued and outstanding shares of Common Stock (assuming the conversion of the Preferred Stock) as of the date of such written offer. If one or more Offerees do not elect to purchase their respective Pro Rata Allotment, each of the electing Offerees may purchase such shares on a pro rata basis, based upon the relative holdings of Registrable Securities of each of the electing Offerees in the case of over-subscription.
Calculation of Pro Rata Allotment. Each Eligible Stockholder's "Pro Rata Allotment" of such securities shall be based on the ratio which the number of Shares owned by such Eligible Stockholder bears to all of the issued and outstanding Shares as of the date of such written offer. If one or more Eligible Stockholders do not elect to purchase their respective Pro Rata Allotment, each of the electing Eligible Stockholders may purchase such Shares of such Eligible Stockholders' allotments taking into account the maximum amount each is wishing to purchase on a pro rata basis, based upon the relative holdings of Shares of each of the electing Eligible Stockholders in the case of over-subscription.
Calculation of Pro Rata Allotment. Each Investor's "Pro Rata Allotment" of such securities shall be determined by dividing (i) the number of shares of Common Stock (on a Fully Diluted Basis) owned by such Investor by (ii) the aggregate number of shares of Common Stock issued and outstanding at the date of determination on a Fully Diluted Basis, as of the date of such written offer. If one or more Investors do not elect to purchase their respective Pro Rata Allotment, each of the electing Investors may purchase such securities on a pro rata basis, based upon the relative holdings of securities of each of the electing Investors in the case of over subscription.
Calculation of Pro Rata Allotment. Each Applicable Investor’s “Pro Rata Allotment” of such securities shall be based on the ratio which the number of shares of Common Stock owned by such Applicable Investor on a fully-diluted basis bears to all of the issued and outstanding Common Stock owned by all Stockholders on a fully-diluted basis as of the date of such written offer. If one or more Applicable Investors do not elect to purchase their respective Pro Rata Allotment, the Company shall allocate such additional shares to third party purchasers or to each of the electing Applicable Investors on a pro rata basis based upon the relative holdings of shares of each of the electing Applicable Investors in the case of over-subscription.
Calculation of Pro Rata Allotment. Each Applicable Holder’s “Pro Rata Allotment” of such securities shall be based on the ratio which the number of Shares held by such Applicable Holder bears to all of the issued and outstanding Shares of the Company calculated on a fully-diluted basis (as if exercised and as if converted and taking into account any adjustment to the Preferred Stock contemplated by Article IV, Sections A.6 and/or A.7 of the Charter) as of the date of such written offer. If one or more Applicable Holders do not elect to purchase their respective Pro Rata Allotment, each of the electing Applicable Holders may purchase such shares on a pro rata basis, based upon the relative holdings of Shares of each of the electing Applicable Holders in the case of over-subscription.
Calculation of Pro Rata Allotment. Each Stockholder’s “Pro Rata Allotment” of such securities shall be based on the ratio which the number of shares of Common Stock owned by such Stockholder on a Fully-Diluted basis bears to the aggregate number of issued and outstanding shares of Common Stock on a Fully-Diluted basis as of the date of such written offer. If one or more Stockholders do not elect to purchase their respective Pro Rata Allotment, each of the electing Stockholders may purchase such shares on a pro rata basis, based upon the respective Pro Rata Allotments of each of the Stockholders that has indicated an interest in purchasing more than its Pro Rata Allotment pursuant to Section 5.2.
Calculation of Pro Rata Allotment. Each Investor's "Pro Rata Allotment" of such securities shall be based on the ratio which the number of Shares owned by such Investor bears to all of the issued and outstanding Shares as of the date of such written offer. If one or more Investors do not elect to purchase their respective Pro Rata Allotment, each of the electing Investors may purchase such shares on a pro rata basis, based upon the relative holdings of Shares of each of the electing Investors in the case of over-subscription.
Calculation of Pro Rata Allotment. Each Eligible Person’s “Pro Rata Allotment” of such securities shall be based on the ratio which the number of shares of Common Stock owned (calculated in accordance with Section 1.3) by such Eligible Person bears to all of the shares of Common Stock owned by all of the Company’s stockholders (calculated in accordance with Section 1.3) as of the date of such Participation Rights Notice. If one or more Eligible Persons do not elect to purchase their respective Pro Rata Allotment, each of the electing Eligible Persons may purchase a portion of each such non-electing Eligible Person’s Pro Rata Allotment (taking into account the maximum amount each is wishing to purchase) on a pro rata basis, based upon the relative holdings of shares of Common Stock owned (calculated in accordance with Section 1.3) by each of the electing Eligible Persons in the case of over-subscription.