Pro-Rata Redemption. The Company agrees that if it shall redeem any of the Convertible Debentures, that it shall make such redemption pro-rata among all Lenders in proportion their respective initial purchases of such securities pursuant to this Agreement.
Pro-Rata Redemption if the Additional Conditions specify “Pro Rata” as the Partial Redemption Method or does not specify a method of partial redemption, the Issuer will redeem all of the Notes on a pro rata basis. The foregoing shall not apply in the case of a partial redemption of Notes upon the exercise of a Noteholder Put Option (in which case the provisions of Base Conditions 6.3(b) and 6.8(a) only shall apply).
Pro-Rata Redemption. In the event that the Company is required to redeem the Notes pursuant to clauses (a) through (d) of this Section 5.2, and the proceeds required to be used to redeem the Notes are not sufficient to redeem all of the Notes then outstanding, the Company shall purchase from each Noteholder an aggregate principal amount of Notes equal to (1) the aggregate principal amount of Notes required to be redeemed pursuant to Section 5.2 hereof, multiplied by (2) the quotient of: (A) the aggregate principal amounts of Notes registered in the name of such Noteholder pursuant to Section 2.1 of the Notes, divided by (B) the aggregate principal amount of Notes then outstanding. For the avoidance of doubt, pursuant to Section 5.2(e) hereof, the Company shall also pay the accrued and unpaid interest to the redemption date on each of the redeemed Notes.
Pro-Rata Redemption. Notwithstanding the foregoing or anything else to the contrary contained herein, the Issuer may not deliver an Optional Redemption Notice unless (i) the Optional Redemption applies to all of the Notes issued under the Note Purchase Agreement on a pro rata basis (based on the principal amounts thereof), (ii) the Issuer shall not have delivered an Optional Redemption Notice with respect to which the Pending Redemption Period as provided in Section 5.05 has not expired, (iii) at least thirty (30) days shall have elapsed since the expiration of the then most recent Pending Redemption Period, and (iv) the principal amount of the Notes being redeemed pursuant to such Optional Redemption Notice is not less than the lesser of $10,000,000 and the aggregate principal amount of all Notes issued under the Note Purchase Agreement then outstanding.
Pro-Rata Redemption. Any redemption of shares of Series A Preferred Stock made pursuant to Section 7(a) or 7(b) shall be made among all holders of Series A Preferred Stock pro rata in accordance with the number of shares of Series A Preferred Stock held by each such holder as of the Redemption Date.
Pro-Rata Redemption. The Company agrees that if it shall redeem any of the Convertible Debentures, that it shall offer such redemption pro-rata among all Investors in proportion to their respective initial purchases of such securities pursuant to this Agreement.
Pro-Rata Redemption. The Company agrees that if it shall repurchase any of the Common Shares or Repricing Shares, that it shall make such redemption pro-rata among all Investors in proportion their respective initial purchases of such shares pursuant to this Agreement.
Pro-Rata Redemption. If, at the time of any redemption pursuant to this Section 7, the funds of the Corporation legally available for redemption of the Series A Preferred Stock are insufficient to redeem the number of shares required to be redeemed, those funds that are legally available shall be used to redeem the maximum possible number of such shares, pro rata based upon the number of shares to be redeemed. At any time thereafter when additional funds of the Corporation become legally available for the redemption of the Series A Preferred Stock, such funds shall immediately be used to redeem the balance of the shares of the Series A Preferred Stock that the Corporation has become obligated to redeem pursuant to this section, but that it has not redeemed.
Pro-Rata Redemption. The Company agrees that if it shall redeem any of the Convertible Preferred Stock, that it shall make such redemption pro-rata among all Investors in proportion to their respective initial purchases of such securities pursuant to this Agreement.
Pro-Rata Redemption. Subject to the terms and conditions of the Intercreditor Agreement and except as otherwise provided in this Agreement, in the event of any redemption in which the aggregate principal amount of Notes to be redeemed is less than the entire principal amount of Notes outstanding, Company shall apply all payments made hereunder first to fees, late charges, costs and expenses owing to Collateral Agent hereunder and under the other Basic Documents, second to accrued interest due under the Tranche A Notes pro rata, third to the principal balance of the Tranche A Notes pro rata, fourth to accrued interest due under the Tranche B Notes pro rata, and fifth to the principal balance of the Tranche B Notes pro rata (with such adjustments as may be deemed appropriate by Company so that only Notes in denominations of $1,000, or integral multiples thereof, shall be purchased) Holders whose Notes are purchased only in part will be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered in connection with a redemption.
