Common use of Calculation of Pro Rata Allotment Clause in Contracts

Calculation of Pro Rata Allotment. Each Investor's "Pro Rata Allotment" of such securities shall be based on the ratio which the number of Shares owned by such Investor bears to all of the issued and outstanding Shares as of the date of such written offer. If one or more Investors do not elect to purchase their respective Pro Rata Allotment, each of the electing Investors may purchase such shares on a pro rata basis, based upon the relative holdings of Shares of each of the electing Investors in the case of over-subscription.

Calculation of Pro Rata Allotment. Each Investor's "Shareholder’s “Pro Rata Allotment" ” of such securities used for purposes of this Article III shall be based on the ratio which the number of Shares owned by such Investor Shareholder bears to all of the issued and outstanding Shares as of the date of such written offer. If one or more Investors Shareholders do not elect to purchase their respective Pro Rata Allotment, each of the electing Investors Shareholders may purchase such shares on a pro rata basis, based upon the relative holdings of Shares of each of the electing Investors Shareholders in the case of over-subscription.

Calculation of Pro Rata Allotment. Each Investor's "For purposes of this Section, “Pro Rata Allotment" ” of such securities shall be based on the ratio which the aggregate number of Warrant Shares and Common Stock issuable upon exercise of the then outstanding Warrants, in each case owned by such Investor Sub-Debt Warrantholders bears to all of the issued and outstanding Shares Covered Securities as of the date of such written offer. If one or more Investors do not elect to purchase their respective Pro Rata Allotment, each of the electing Investors may purchase such shares on a pro rata basis, based upon the relative holdings of Shares of each of the electing Investors in the case of over-subscription.

Calculation of Pro Rata Allotment. Each Investor's "Stockholder’s “Pro Rata Allotment" ” of such securities shall be based on the ratio which the number of Shares owned held by or in the name of such Investor Stockholder bears to all of the issued and outstanding Shares as of the date of such written offer. If one or more Investors Stockholders do not elect to purchase their respective Pro Rata Allotment, each of the electing Investors Stockholders may purchase such shares on a pro rata basis, based upon the relative holdings of Shares of each of the electing Investors Stockholders in the case of over-subscription.

Calculation of Pro Rata Allotment. Each Investor's "’s “Pro Rata Allotment" ” of such securities shall be based on the ratio which the number of Shares owned by such Investor bears to all of the issued and outstanding Shares as of the date of such written offer. If one or more Investors do not elect to purchase their respective Pro Rata Allotment, each of the electing Investors may purchase such shares on a pro rata basis, based upon the relative holdings of Shares of each of the electing Investors in the case of over-over subscription.