Examples of Available Portion in a sentence
Such pro rata allocation of the Available Portion between the Holder, on the one hand, and such other Company securityholders, on the other hand, shall be based on the relation between the aggregate number or amount of Equity Securities that are Registrable Securities of the Holder, on the one hand, and the aggregate number or amount of Equity Securities that such Company securityholders with applicable registration rights are entitled to include, on the other hand.
If the managing underwriter(s) determines to exclude from such offering any Registrable Securities that the Holders desire to include, or any securities that other Company securityholders with applicable registration rights desire to include, the participating Holders and such other Company securityholders, if any (except for such Person or Persons, if any, upon whose demand such Registration is being made) shall share pro rata in the portion of such offering available to them (the "Available Portion").
Within the limits of the Available Portion of each Lender's Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.1, repay under Section 2.5 and reborrow from time to time under this Section 2.1.
Each Bank agrees, for itself only, to lend and to relend, subject to the terms and conditions herein set forth, to the Company at any time and from time to time from the Effective Date hereof until the Termination Date amounts equal to such Bank's Pro Rata Share of such aggregate amounts as the Company may from time to time request, provided that no Advance may be made if the aggregate outstanding amount of all Advances would exceed the amount of the Available Portion.
If any Advance causes the total outstanding Advances (including such Advance) at any time to exceed the Elected Available Portion, the Elected Available Portion automatically shall be increased thereafter by such excess.