Pro Rata Allotment means with respect to any Award Shares proposed to be transferred, as determined for any Stockholder, the number of such Award Shares multiplied by a fraction, the numerator of which is the number of shares of Common Stock owned of record on the relevant date of determination by such Stockholder (on an as if converted basis), and the denominator of which is the number of shares of Common Stock owned of record on the relevant date of determination by all Stockholders (on a fully-diluted, as if converted basis). Each Stockholder shall have the right to assign its rights under this subsection (b) to the Company, or to the other Stockholders (proportionately, based upon proportions of the Pro Rata Allotment allocated to each Stockholder, excluding the assigning Stockholder).
Pro Rata Allotment means the quotient determined by dividing (i) the number of Executive Capital Units (other than Restricted Units) held by Executive at such time, by (ii) the number of Capital Units (other than Restricted Units) then issued and outstanding at such time.
Pro Rata Allotment has the meaning set forth in Section 6.3.
Examples of Pro Rata Allotment in a sentence
If one or more Class A Partners do not elect to purchase their respective Pro Rata Allotment, then the electing Class A Partners may purchase such unallocated New Securities on a pro rata basis, based upon the relative Pro Rata Allotments of each of the electing Class A Partners.
More Definitions of Pro Rata Allotment
Pro Rata Allotment means, with respect to any Security Holder, the ratio that the number of Securities then held by such Security Holder bears to the total number of Securities then held by all Security Holders.
Pro Rata Allotment with respect to a written offer of Additional Interests or New Securities, means, for each Class A Partner, an amount equal to a fraction, the numerator of which is the number of Class A Interests held by such Class A Partner and the denominator of which is the aggregate number of Class A Interests outstanding, in each case, as of the date of such written offer.
Pro Rata Allotment has the meaning set forth in Section 2.7(a).
Pro Rata Allotment shall have the meaning set forth in Section 5(c) hereof.
Pro Rata Allotment means a proportion of the Securities of the type being issued equal to such Class B Common Stockholder's Subscription Portion multiplied by the amount of Securities being issued. For the avoidance of doubt, the Securities issued to a Class B Common Stockholder upon exercise of such Class B Common Stockholder's rights pursuant to Section 5(b) hereof shall be in addition to and shall not reduce the amount of Securities being sold by the Corporation to third parties. "SUBSCRIPTION PORTION" shall mean a ratio equal to such Class B Common Stockholder's Deemed Ownership divided by the Corporate Capitalization, calculated as of five (5) Business Days prior to the date of the Corporation's written offer to the holders of Class B Common Stock pursuant to Section 5(b).
Pro Rata Allotment has the meaning given to such term in Section 2.1(c) of this Agreement.
Pro Rata Allotment has the meaning ascribed to it in Section 4.1(d) of this Agreement.