Participation Rights Holder definition

Participation Rights Holder has the meaning assigned to such term in Section 3.02.

Participation Rights Holder shall have the meaning ascribed to it in Section 4.1(a) of this Agreement.

Participation Rights Holder has the meaning set forth in Section 4.

Examples of Participation Rights Holder in a sentence

• In the event that the Company proposes to undertake an issuance of New Securities (in a single transaction or a series of related transactions), it shall give to each Participation Rights Holder written notice of its intention to issue New Securities (the “First Participation Notice”), describing the amount and type of New Securities, the price and the general terms upon which the Company proposes to issue such New Securities.

• In the event that the Company proposes to undertake an issuance of New Securities in a single transaction or a series of related transactions, it shall give to each Participation Rights Holder a written notice of its intention to issue New Securities (the “First Participation Notice”), describing the amount, the type and the price of New Securities and the general terms upon which the Company proposes to issue such New Securities.

• A Participation Rights Holder’s “Pro Rata Share” for purposes of the Right of Participation is the ratio of (a) the number of Ordinary Shares (calculated on a fully-diluted and as-converted basis) held by such Participation Rights Holder, to (b) the total number of Ordinary Shares (calculated on a fully-diluted and as-converted basis) then outstanding immediately prior to the issuance of New Securities giving rise to the Right of Participation.

• Each Participation Rights Holder shall have fifteen (15) days from the date of receipt of any such First Participation Notice to agree in writing to purchase such Participation Rights Holder’s Pro Rata Share of such New Securities for the price and upon the terms and conditions specified in the First Participation Notice by giving written notice to the Company and stating therein the quantity of New Securities to be purchased (not to exceed such Participation Rights Holder’s Pro Rata Share).

• If any Participation Rights Holder fails to so agree in writing within the First Participation Period to purchase such Participation Rights Holder’s full Pro Rata Share of an offering of such New Securities, then such Participation Rights Holder shall forfeit the right hereunder to purchase that part of its Pro Rata Share of such New Securities that it did not agree to purchase.

More Definitions of Participation Rights Holder

Participation Rights Holder has the meaning set forth in Section 5.

Participation Rights Holder or “Participation Rights Holders” has the meaning ascribed to it in Section 4.1(a).

Participation Rights Holder shall have the meaning set forth in Section 3.1.

Participation Rights Holder shall include, for the purposes of --------------------------- this Section 1, the Series A Investors, Series B Investors and Series E Investors, as well as the general partners, officers, or other affiliates of such Series A Investor, Series B Investor and Series E Investor, and a Participation Rights Holder may apportion its pro rata share among itself and such general partners, officers, and other affiliates in such proportions as it deems appropriate.

Participation Rights Holder s "PRO RATA SHARE" for purposes of the Right of Participation is the ratio of (a) the number of Ordinary Shares (calculated on a fully-diluted and as-converted basis) held by such Participation Rights Holder, to (b) the total number of Ordinary Shares (calculated on a fully-diluted and as-converted basis) then outstanding (immediately prior to the issuance of New Securities giving rise to the Right of Participation).

Participation Rights Holder. Section 4.1

Participation Rights Holder means each of the Series B Holders party to this Agreement as of the date hereof, together with any Person to whom the rights of any Participation Rights Holder under Section 3 have been duly assigned in accordance with Section 6.