Proportionate Portion definition

Proportionate Portion as of any date means, the fraction calculated by dividing the number of Equity Securities held by a Shareholder by the total number of Equity Securities in issue held by all Shareholders as of such date.

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Proportionate Portion means the portion of the New Securities available for purchase by a holder of Series A Convertible Preferred Stock, which shall be determined by (a) multiplying the total New Securities available for purchase by (b) a fraction, the numerator of which is the sum of the number of shares of Class A Common Stock underlying the Series A Convertible Preferred Stock held by such holders, and the denominator of which is the sum of: (i) the total number of shares of Class A Common Stock outstanding, (ii) the number of shares of Class A Common Stock issuable upon exchange of then outstanding LLC Units and (iii) the number of shares of Class A Common Stock underlying the outstanding Preferred Stock, in each case as of the applicable date.

Proportionate Portion means the portion of the Restricted Stock available for purchase by an Investor which shall be determined by multiplying the total Restricted Stock available for purchase by a fraction, the numerator of which is the number of shares of Common Stock owned by such Investor and the denominator of which is the total shares of Common Stock owned by all of the Investors who have a right to purchase a portion of such Restricted Stock.

Examples of Proportionate Portion in a sentence

The "Proportionate Portion" shall be determined by reference to the number of shares of Common Stock then held by each Principal Stockholder in relation to the total number of shares of Common Stock held by all Principal Stockholders.
Within 10 business days after receipt of the Participation Notice (the “Exercise Period”), each Rights Holder will notify the Company whether such holder desires to exercise its option to purchase the Proportionate Portion (or any part thereof) of the New Securities so offered.
The Equity Securities shall be offered to all Shareholders in proportion to the Proportionate Portion of each Shareholder as at the close of business on the Business Day prior to the date of the Offer.
Within two (2) business days after the expiration of the Exercise Period, the Corporation shall notify in writing each Investor who elected to purchase its Proportionate Portion of the New Securities (each, an “Electing Investor”) of the aggregate number of offered New Securities that the Investors chose not to purchase (the “Over-Allotment Notice”).
Prior to an IPO, the Company shall not redeem or repurchase any Equity Securities without the prior written consent of all the Co-Investors, provided that no such consent shall be required for any redemption or repurchase of Equity Securities in proportion to the Proportionate Portion of each Shareholder.
Upon receipt of the Notice, each of the Investors shall have the first right and option, exercisable for a period of thirty (30) calendar days from the date of receipt of the Notice, to purchase up to the number of shares of Offered Stock equal to such Investor’s Proportionate Portion at the price and on the same terms and conditions as set forth in the Notice.
The Company agrees that all Shareholders are entitled to dividends, as declared from time to time, in proportion to the Proportionate Portion of each Shareholder.
Within 2 business days after the expiration of the Exercise Period, the Company will notify in writing each Rights Holder who elected to purchase its entire Proportionate Portion of the New Securities (each, an “Electing Holder”) of the aggregate number of offered New Securities that any of the Investors chose not to purchase (the “Over-Allotment Notice”).

More Definitions of Proportionate Portion

Proportionate Portion means the portion of the Stock available for purchase by an Investor under Section 2.3 which shall be determined by multiplying the total number of shares of Stock available for purchase by a fraction, the numerator of which is the number of shares of Stock owned by an Investor (or, in the case of Preferred Stock, the number of shares of Common Stock issuable upon conversion of such Preferred Stock) who exercises an option to purchase a portion of such shares of Stock and the denominator of which is the total number of shares of Stock (or, in the case of Preferred Stock, the number of shares of Common Stock issuable upon conversion of such Preferred Stock) owned by all Investors entitled to purchase such shares of Stock.

Proportionate Portion means the portion of the Units available for purchase by a Member, which shall be determined by multiplying the total Units available for purchase by a

Proportionate Portion as of any date means, the fraction calculated by d ividing the number of Equity Securities held by a Shareholder by the total number of Equity Securities in issue held by all Shareholders as of such date.