Pro Rata Payment. The Company agrees that any payments to the Holders of the Notes (including, without limitation, upon acceleration pursuant to Section 6) shall be made pro rata among all such Holders based upon the aggregate unpaid principal amount of the Notes held by each such Holder. If any Holder of a Note obtains any payment (whether voluntary, involuntary, by application of offset or otherwise) on such Note in excess of such Holder’s pro rata share of payments obtained by all Holders of the Notes, such Holder shall make payments to the other Holders of the Notes based on such participation in the Notes held by them as is necessary to cause such Holders to share the excess payment ratably among each of them as provided in this Section 2(c).
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Samples: Note Purchase Agreement (Flextronics International Ltd.), Note Purchase Agreement (Flextronics International LTD)
Pro Rata Payment. The Company agrees that any payments (including optional prepayments as discussed above in paragraph 2(b) above) to the Holders holders of the Shareholder Purchaser Notes (includingwhether for principal, without limitation, upon acceleration pursuant to Section 6interest or otherwise) shall be made pro rata among all such Holders holders based upon the aggregate unpaid principal amount of the Notes held by each such Holderholder. If any Holder holder of a Note otherwise obtains any payment (whether voluntary, involuntary, by application of offset or otherwise) of principal or interest on such any Note in excess of such Holder’s holder's pro rata share of payments obtained by all Holders holders of the Notes, such Holder holder shall make payments to purchase from the other Holders holders of the Notes based on such participation in the Notes held by them as is necessary to cause such Holders holders to share the excess payment ratably among each of them as provided in this Section 2(c)paragraph.
Appears in 1 contract
Samples: Convertible Subordinated Promissory Note (Travis Boats & Motors Inc)
Pro Rata Payment. The Company agrees that any payments to the Holders ---------------- holders of the Notes (includingwhether for principal, without limitation, upon acceleration pursuant to Section 6interest or otherwise) shall be made pro rata among all such Holders holders based upon the aggregate unpaid principal amount of the Notes held by each such Holderholder. If any Holder holder of a Note obtains any payment (whether voluntary, involuntary, by application of offset or otherwise) on such of principal of, or interest on, any Note in excess of such Holder’s holder's pro rata share of payments obtained by all Holders holders of the Notes, such Holder holder shall make payments to purchase from the other Holders holders of the Notes based on such participation in the Notes held by them as is necessary to cause such Holders holders to share the excess payment ratably among each of them as provided in this Section paragraph 2(c).
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Samples: Purchase Agreement (Centennial Communications Corp)
Pro Rata Payment. The Company agrees that any payments to the Holders of the Notes (including, without limitation, upon acceleration pursuant to Section 65) shall be made pro rata among all such Holders based upon the aggregate unpaid principal amount of the Notes held by each such Holder. If any Holder of a Note obtains any payment (whether voluntary, involuntary, by application of offset or otherwise) on such Note in excess of such Holder’s 's pro rata share of payments obtained by all Holders of the Notes, such Holder shall make payments to the other Holders of the Notes based on such participation in the Notes held by them as is necessary to cause such Holders to share the excess payment ratably among each of them as provided in this Section 2(c2(d).
Appears in 1 contract
Pro Rata Payment. The Company agrees that any payments to the Holders ---------------- holders of the Notes (includingwhether for principal, without limitation, upon acceleration pursuant to Section 6interest or otherwise) shall be made pro rata among all such Holders holders based upon the aggregate unpaid principal amount of the Notes held by each such Holderholder. If any Holder holder of a Note obtains any payment (whether voluntary, involuntary, by application of offset or otherwise) on such of principal of, or interest on, any Note in excess of such Holder’s holder"s pro rata share of payments obtained by all Holders holders of the Notes, such Holder holder shall make payments to purchase from the other Holders holders of the Notes based on such participation in the Notes held by them as is necessary to cause such Holders holders to share the excess payment ratably among each of them as provided in this Section paragraph 2(c).
Appears in 1 contract
Samples: Purchase Agreement (Centennial Communications Corp)
Pro Rata Payment. The Company agrees that any payments to the Holders holders of the Notes (includingwhether for principal, without limitation, upon acceleration pursuant to Section 6interest or otherwise) shall be made pro rata among all such Holders holders based upon the aggregate unpaid principal amount of the Notes held by each such Holderholder. If any Holder holder of a Note obtains any payment (whether voluntary, involuntary, by application of offset or otherwise) of principal or interest on such any Note in excess of such Holder’s holder's pro rata share of payments obtained by all Holders holders of the Notes, such Holder holder shall make payments to purchase from the other Holders holders of the Notes based on such participation in the Notes held by them as is necessary to cause such Holders holders to share the excess payment ratably among each of them as provided in this Section 2(c)paragraph.
Appears in 1 contract
Samples: Subordinated Note Purchase Agreement (Travis Boats & Motors Inc)