Common use of Pro-rata Conversion and Prepayment Clause in Contracts

Pro-rata Conversion and Prepayment. In the event the Maker receives a Conversion Notice from the Holder and the Other Holders on the same day and the Maker can convert and prepay some, but not all, of this Note and the Other Notes pursuant to this Section 3.8, the Maker shall convert and prepay from the Holder and each Other Holder electing to have its Other Notes converted and prepaid at such time an amount equal to the Holder or such Other Holder’s pro-rata amount (based on the principal amount of this Note held by the Holder or the Other Notes held by the Other Holder relative to the principal amount of the Notes and Other Notes outstanding) of all the Notes and the Other Notes being converted and prepaid at such time.

Pro-rata Conversion and Prepayment. In the event the Maker receives a Conversion Notice from the Holder and the Other Holders on the same day and the Maker can convert and prepay some, but not all, of this Note and the Other Notes pursuant to this Section 3.8, the Maker shall convert and prepay from the Holder and each Other Holder electing to have its Other Notes converted and prepaid at such time an amount equal to the Holder or such Other Holder’s 's pro-rata amount (based on the principal amount of this Note held by the Holder or the Other Notes held by the Other Holder relative to the principal amount of the Notes and Other Notes outstanding) of all the Notes and the Other Notes being converted and prepaid at such time.

Pro-rata Conversion and Prepayment. In the event the Maker receives a Conversion Notice from the Holder and the Other Holders on the same day and the Maker can convert and prepay some, but not all, of this Note and the Other Notes pursuant to this Section 3.8, the Maker shall convert and prepay from the Holder and each Other Holder electing to have its Other Notes converted and prepaid at such time an amount equal to the Holder or such Other Holder’s 's pro-rata amount (based on the principal amount of this Note held by the Holder or the Other Notes held by the Other Holder relative to the principal amount of the Notes and Other Notes outstanding) of all the Notes and the Other Notes being converted and prepaid at such time.