Pro-Rata Redemption. The Company agrees that if it shall redeem any of the Convertible Debenture, that it shall offer such redemption pro-rata among all Investors in proportion their respective initial purchases of such securities pursuant to this Agreement.
Pro-Rata Redemption. The Company agrees that if it shall redeem any of the Convertible Debentures, that it shall make such redemption pro-rata among all Lenders in proportion their respective initial purchases of such securities pursuant to this Agreement.
Pro-Rata Redemption if the Additional Conditions specify “Pro Rata” as the Partial Redemption Method or does not specify a method of partial redemption, the Issuer will redeem all of the Notes on a pro rata basis. The foregoing shall not apply in the case of a partial redemption of Notes upon the exercise of a Noteholder Put Option (in which case the provisions of Base Conditions 6.3(b) and 6.8(a) only shall apply).
Pro-Rata Redemption. In the event that the Company is required to redeem the Notes pursuant to clauses (a) through (d) of this Section 5.2, and the proceeds required to be used to redeem the Notes are not sufficient to redeem all of the Notes then outstanding, the Company shall purchase from each Noteholder an aggregate principal amount of Notes equal to (1) the aggregate principal amount of Notes required to be redeemed pursuant to Section 5.2 hereof, multiplied by (2) the quotient of: (A) the aggregate principal amounts of Notes registered in the name of such Noteholder pursuant to Section 2.1 of the Notes, divided by (B) the aggregate principal amount of Notes then outstanding. For the avoidance of doubt, pursuant to Section 5.2(e) hereof, the Company shall also pay the accrued and unpaid interest to the redemption date on each of the redeemed Notes.
Pro-Rata Redemption. Notwithstanding the foregoing or anything else to the contrary contained herein, the Issuer may not deliver an Optional Redemption Notice unless (i) the Optional Redemption applies to all of the Notes issued under the Note Purchase Agreement on a pro rata basis (based on the principal amounts thereof), (ii) the Issuer shall not have delivered an Optional Redemption Notice with respect to which the Pending Redemption Period as provided in Section 5.05 has not expired, (iii) at least thirty (30) days shall have elapsed since the expiration of the then most recent Pending Redemption Period, and (iv) the principal amount of the Notes being redeemed pursuant to such Optional Redemption Notice is not less than the lesser of $10,000,000 and the aggregate principal amount of all Notes issued under the Note Purchase Agreement then outstanding.
Pro-Rata Redemption. The Company agrees that if it shall redeem or require the mandatory exchange of any of the Exchangeable Preferred Stock, that it shall make such redemption pro-rata among all Investors in proportion to their respective initial purchases of such securities pursuant to this Agreement.
Pro-Rata Redemption. Any redemption of shares of Series A Preferred Stock made pursuant to Section 7(a) or 7(b) shall be made among all holders of Series A Preferred Stock pro rata in accordance with the number of shares of Series A Preferred Stock held by each such holder as of the Redemption Date.
Pro-Rata Redemption. If, at the time of any redemption pursuant to this Section 7, the funds of the Corporation legally available for redemption of the Series B Preferred Stock are insufficient to redeem the number of shares required to be redeemed, those funds that are legally available shall be used to redeem the maximum possible number of such shares, pro rata based upon the number of shares to be redeemed. At any time thereafter when additional funds of the Corporation become legally available for the redemption of the Series B Preferred Stock, such funds shall immediately be used to redeem the balance of the shares of the Series B Preferred Stock that the Corporation has become obligated to redeem pursuant to this section, but that it has not redeemed
Pro-Rata Redemption. Each redemption made pursuant to Section 6 shall be made pro rata with respect to all then outstanding Series A Preferred Units.
Pro-Rata Redemption. Upon any redemption of any of the Convertible Subordinated Debentures, the Company shall offer such redemption Pro-Rata Adjusted among all Investors at such time, except that, a redemption pursuant to Section 5.8 shall be Pro-Rata, subject to adjustment upward in the event an Investor no longer holds any Convertible Subordinated Debentures.
