Pro Rata Reduction. Each reduction to the Total Revolving Credit Commitment pursuant to this Section 2.8 shall be applied proportionately to reduce the Revolving Credit Commitment of each Bank.
Pro Rata Reduction. If a registration in which any Stockholder has the right to participate pursuant to this Section 4.2 is an underwritten primary registration on behalf of the Company, and the managing underwriters advise the Company in writing that in their opinion the number of securities requested to be included in such registration exceeds the number that can be sold in such offering, the Company shall include in such registration (i) first, the securities of the Company proposed to be sold by the Company, and (ii) second, the Common Stock proposed to be sold by such Stockholder and by any other Stockholders proposing to sell shares of Common Stock pursuant to such registration, in proportion to the number of shares of Common Stock so requested by each of them to be included. If a registration in which such Stockholder has the right to participate pursuant to this Section 4.2 is an underwritten secondary registration and the managing underwriters advise the Company in writing that in their opinion the number of securities requested to be included in such registration exceeds the number that can be sold in such offering, then the Company shall include in such offering the number of shares of Common Stock owned and proposed to be sold by such Stockholder and by any other participants (including other Stockholders) proposing (and entitled) to sell shares pursuant to such registration, in proportion to the number of shares of Common Stock so requested by each of them to be included.
Pro Rata Reduction. If a demand registration is an underwritten registration and the managing underwriters advise the Company and the Stockholders participating in the demand registration in writing that in their opinion the number of shares of Common Stock requested to be included in such registration exceeds the number that can be sold in such offering, then the amount of such shares that may be included in such registration shall be allocated pro rata among all of such participating Stockholders in proportion to the number of shares of Common Stock such Stockholders have requested to include in the demand registration.
Pro Rata Reduction. If, during a Month, Seller is unable to deliver all or a portion of the total quantity of Ethylene that Seller is obligated to deliver to all of Seller’s term contracts (including this Agreement) during such Month, Seller shall be entitled to allocate to Buyer a quantity of Ethylene no less than Buyer’s pro rata share of such total quantity during such Month.
Pro Rata Reduction. If a demand registration is an underwritten registration and the managing underwriters advise the Corporation and the Stockholders participating in the demand registration in writing that in their opinion the number of Common Shares requested to be included in such registration exceeds the number which can be sold in such offering, then the amount of such shares that may be included in such registration shall be allocated pro rata among all of such participants in proportion to the total number of Common Shares held by such participants.
Pro Rata Reduction. The reduction percentage that is calculated at the time of a withdrawal by dividing the amount of each withdrawal (including any applicable withdrawal charges) by the Contract Value immediately prior to the withdrawal.
Pro Rata Reduction. If a registration in which any Stockholder has the right to participate pursuant to this Section 8.2 is an underwritten offering, and the managing underwriters advise the Corporation in writing that in their opinion the number of securities requested to be included in such offering exceeds the number which can be sold in such offering, the Corporation shall include in such registration if the proposed offering is an Initial Public Offering; (i) first, the securities of the Corporation proposed to be sold by the Corporation; (ii) second, the Common Shares proposed to be sold by any Stockholders (allocated pro rata among such Stockholders in proportion to the total number of Common Shares held by such Stockholders); and (iii) third, the securities proposed to be sold by all other participants. If the offering is other than an Initial Public Offering, the Corporation shall include in such offering securities proposed to be sold by Stockholders (allocated as aforesaid) in preference to securities proposed to be included by the Corporation or any other participant.
Pro Rata Reduction. Any cancellation under this clause 10 shall reduce the Commitments in respect of the relevant Facility or Facilities rateably and schedule 2 of this agreement shall be deemed to be amended accordingly. The Facility Agent shall promptly notify each Lender of any notice received under clause 10.1 and the amount of that Lender's Commitment which is to be cancelled. Amounts cancelled may not be redrawn.
Pro Rata Reduction. If the Stockholders who have signed this Agreement by the Closing Date hold less than one hundred percent (100%) of the shares of RLI Common Stock outstanding on the Closing Date, and AvTel waives the condition precedent to its obligations to close contained in Section 6.2.14, then the number of Initial Exchange Shares and Earnout Shares, if any, to be delivered by AvTel shall be reduced pro rata.
Pro Rata Reduction. Any prepayment of the Term Loans shall ratably reduce the amounts outstanding under the applicable Term Loan Notes of each Lender.
