Authorized Share Allocation Clause Samples

Authorized Share Allocation. Any shares of Common Stock reserved and allocated to any Person which ceases to hold any Preferred Shares shall be allocated to the remaining Holders, pro rata based on the number of the Preferred Shares then held by the Holders.

Authorized Share Allocation. In the event that a Buyer shall sell or otherwise transfer any of its Warrants, each transferee shall be allocated a pro rata portion of such holder's Authorized Share Allocation. Any shares of Common Stock reserved and allocated to any Person which ceases to hold any Warrants shall be allocated to the holders of the remaining Warrants, pro rata based on the shares of Common Stock issuable upon exercise of the Warrants then held by such holders (without regard to any limitations on the exercise of the Warrants).

Authorized Share Allocation. In the event a Holder shall sell or otherwise transfer any of such Holder's Preferred Shares, each transferee shall be allocated a pro rata portion of the number of reserved shares of Common Stock reserved for such transferor. Any shares of Common Stock reserved and allocated to any Person which ceases to hold any Preferred Shares (other than pursuant to a transfer of Preferred Shares in accordance with the immediately preceding sentence) shall be allocated to the remaining Holders of Preferred Shares, pro rata based on the number of Preferred Shares then held by such Holders.

Authorized Share Allocation. Notwithstanding anything in the Transaction Documents to the contrary, (i) each Investor shall be allocated a pro rata amount of the Required Reserve Amount (as defined in the Transaction Documents) of Notes based on the original principal amount of the Notes held by each holder on the Additional Closing Date, which shall be such Investor’s “Authorized Share Allocation” for all purposes under the Transaction Documents.