Examples of Pro Rata Transaction in a sentence
Neither of the Investors nor any Investor Affiliate may at any time directly or knowingly indirectly (without any duty of investigation) transfer any shares of Common Stock to any Competitor of the Company without the prior written consent of the Company (which consent may be given or withheld, or made subject to such conditions as are determined by the Company, in its sole discretion), other than in connection with any Pro Rata Transaction.
Upon the consummation of an Approved Business Combination Transaction, the Company shall automatically redeem the Business Combination Pro Rata Transaction Amount of Holders of Nonconvertible Notes voting against the applicable Approval Business Combination Transaction and if a Holder votes against all Approved Business Combination Transactions, thirty-one days after the Threshold Acquisition Date, the remaining outstanding amount of the Note.
After the first Approved Business Combination Transaction, any Holder may elect to exchange (such exchange, the "Additional Contribution") Nonconvertible Notes for Convertible Notes in an amount equal to such Holder's Business Combination Pro Rata Transaction Amount or BT Redemption Amount, as applicable (the "Additional Contribution Amount").
The product of the number of the Option Shares and the Price Per Share is the "Purchase Price." In the event of any increase or decrease or other change in the Common Stock by reason of any stock dividend, split-up, recapitalization, combination, or other change in the Common Stock affecting all stockholders of the Company on a pro rata basis (a "Pro Rata Transaction"), the number of Option Shares subject to this Option Agreement and the Price Per Share shall be adjusted appropriately.
Upon the consummation of an Approved Business Combination Transaction (the "BT Redemption Date"), the Company shall automatically redeem such portion of the Principal Amount of the Outstanding Nonconvertible Notes of each Holder that voted against such Approved Business Combination Transaction an amount in cash equal to such Holder's Business Combination Pro Rata Transaction Amount in respect of such Approved Business Combination Transaction (the "BT Redemption Amount") at the BT Redemption Price.