Pro Rata Proportion definition

Pro Rata Proportion in respect of any particular Shareholder at any time, means the percentage that the number of Shares owned by such Shareholder is of the total number of all issued Shares;

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Pro Rata Proportion means that proportion that the Participation of an Underwriter bears to the total aggregate principal amount of the Securities.

Pro Rata Proportion means, in respect of each Party, the percentage of the Shares that their respective holding of Shares represents.

Examples of Pro Rata Proportion in a sentence

• Upon termination of the Account, at our request, you will be required to take up and pay for your Pro Rata Proportion of any unsold Securities.

• Upon our request, you also will take up for carrying purposes your Pro Rata Proportion of any unsold or undelivered Securities.

• Notwithstanding any termination or settlement of the Account, you will remain liable, in Pro Rata Proportion to your Participation amount, for any further liabilities and expenses of any kind whatsoever which may from time to time be incurred by the Account.

• The Other Shareholders are not entitled to purchase any amount of the Offered Shares less than their respective Pro Rata Proportion of the Offered Shares as set forth in the Offer.

• Your liability will not be reduced by any amount of Securities confirmed to you, but will be reduced only by your Pro Rata Proportion of the aggregate of all Securities confirmed by us to all Underwriters and by your Pro Rata Proportion of all Securities sold by us for the Account.

More Definitions of Pro Rata Proportion

Pro Rata Proportion means, with reference to any Distribution on account of any Allowed Claim in any Class, the ratio (expressed as a percentage) that the amount of the Allowed Claim bears to the aggregate amount of all Allowed Claims in that Class.

Pro Rata Proportion means, as of any specific date of determination, in respect of a person or group of persons acting in concert, the figure, expressed as a percentage, calculated by dividing the aggregate number of Shares directly or indirectly held by such person or group of persons (including the aggregate Shares held, directly or indirectly, by the Affiliates of each of such persons) by the total number of Shares then issued and outstanding. For the avoidance of doubt, in this Agreement, when calculating a Pro Rata Proportion to determine if it is above or below a certain percentage, all holdings of Affiliates and persons acting in concert will be aggregated.

Pro Rata Proportion means as of any date (A) the sum of (1) the aggregate number of shares of Impaired Shares on an as converted basis, plus (2) the aggregate number of Uncovered Warrants (as defined below) divided by (B) the sum of (1) the aggregate number of shares of Series B Preferred Stock outstanding on an as converted basis, plus (2) the aggregate number of Warrants outstanding.

Pro Rata Proportion means, in relation to a Security on any day, a fraction equal to the Nominal Amount represented by such security over the aggregate Nominal Amount of the entire Series of Securities on such day.

Pro Rata Proportion means as of any date (A) the sum of (1) the aggregate number of shares of Impaired Shares on an as converted basis, plus (2) the aggregate number of Uncovered Warrants (as defined below) divided by (B) the sum of (1) the aggregate number of shares of Series C Preferred Stock outstanding on an as converted basis, plus (2) the aggregate number of Warrants outstanding.

Pro Rata Proportion means a prorated allocation reflecting a 40% share to BNHP and 60% share to BLL.

Pro Rata Proportion means with respect to each Participating Holder an amount equal to the quotient obtained by dividing (i) the sum (without duplication as to any share of Company Common Stock in the event more than one of (A), (B) or (C) are applicable to such share of Company Common Stock) of (A) the aggregate number of shares of Company Common Stock held by such Participating Holder immediately prior to the Effective Time, plus (B) the aggregate number of shares of Company Common Stock into which all shares of Series A Preferred Stock held by such Participating Holder could be converted immediately prior to the Effective Time (assuming full exercise of all Series A Warrants that are held by such Participating Holder immediately prior to the Effective Time), plus (C) the aggregate number of shares of Company Common Stock into which all Company Options held by such Participating Holder that have vested prior to Closing or that will vest in connection with Closing, and that are outstanding immediately prior to the Effective Time, if any, could be converted, plus (D) the number of shares of Company Common Stock subject to phantom stock rights held by such Participating Holder immediately prior to the Effective Time, by (ii) the Fully Diluted Share Number.