Common use of Excess Proportionate Amount Clause in Contracts

Excess Proportionate Amount. An Exercising Investor’s “Excess Proportionate Amount” is equal to the product obtainable by multiplying (x) the total number of Excess Investor Transfer Shares, by (y) a fraction, the numerator of which shall be the number of Ordinary Share Equivalents held by such Exercising Investor (on an as converted basis) on the date of the Investor Transfer Notice and the denominator of which shall be the aggregate number of Ordinary Share Equivalents held, on the date of the Investor Transfer Notice, by all the Exercising Investors (on an as converted basis) whose Exercise Amount has not yet been satisfied after employing the procedures set out herein.

Excess Proportionate Amount. An Exercising Investor’s “Excess Proportionate Amount” is equal to the product obtainable by multiplying (x) the total number of Excess Investor Preferred Transfer Shares, by (y) a fraction, the numerator of which shall be the number of Ordinary Common Share Equivalents held owned by such Exercising Investor (on an as converted basis) on the date of the Investor Original Preferred Transfer Notice and the denominator of which shall be the aggregate number of Ordinary Common Share Equivalents held, owned by all the Exercising Investors on the date of the Investor Original Preferred Transfer Notice, by all the Exercising Investors (on an as converted basis) Notice whose Exercise Amount has not yet been satisfied after employing the procedures set out herein.