Common use of Pro-Rata Redemption Clause in Contracts

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.

Appears in 3 contracts

Samples: Convertible Debentures and Warrants Purchase Agreement (Detour Media Group Inc), Convertible Debenture and Warrants Purchase Agreement (Affinity Technology Group Inc), Convertible Debentures and Warrants Purchase Agreement (Detour Media Group Inc)

AutoNDA by SimpleDocs

Pro-Rata Redemption. The Company agrees that if it shall redeem any of the Convertible DebenturePreferred Stock, that it shall offer make such redemption pro-rata among all Investors in proportion their respective initial purchases of such securities pursuant to this Agreement.

Appears in 3 contracts

Samples: Convertible Preferred Stock and Warrants Purchase Agreement (Avtel Communications Inc/De), Convertible Preferred Stock and Warrants Purchase Agreement (Compositech LTD), Convertible Preferred Stock and Warrants Purchase Agreement (Professional Transportation Group LTD Inc)

Pro-Rata Redemption. The Company agrees that if it shall redeem any of the Convertible DebentureDebentures, that it shall offer such redemption pro-rata among all Investors in proportion their respective initial purchases of such securities pursuant to this Agreement.

Appears in 2 contracts

Samples: Convertible Debenture and Warrants Purchase Agreement (Famous Fixins Inc), Convertible Debenture and Warrants Purchase Agreement (Famous Fixins Inc)

Pro-Rata Redemption. The Company agrees that if it shall redeem repurchase any of the Convertible DebentureCommon Shares or Repricing Shares, that it shall offer make such redemption pro-rata among all Investors in proportion their respective initial purchases of such securities shares pursuant to this Agreement.

Appears in 1 contract

Samples: Securities Purchase Agreement (Interactive Telesis Inc)

Pro-Rata Redemption. The Company agrees that if it shall redeem Upon any redemption of any of the ------------------- Convertible DebentureDebentures, that it the Company shall offer such redemption pro-rata among all Investors in proportion to their respective initial purchases current holdings of such securities pursuant to this Agreement.

Appears in 1 contract

Samples: Convertible Debentures and Warrants Purchase Agreement (Data Race Inc)

Pro-Rata Redemption. The Company agrees that if it shall redeem any of the Convertible DebentureDebentures, that it shall offer such redemption pro-rata among all Investors in proportion to their respective initial purchases of such securities pursuant to this Agreement.. ARTICLE VII

Appears in 1 contract

Samples: Convertible Debentures and Warrants Purchase Agreement (Calypte Biomedical Corp)

Pro-Rata Redemption. The Company agrees that if it shall redeem Upon any redemption of any of the Convertible DebenturePreferred Stock pursuant to the terms of the Certificate of Designations, that it the Company shall offer such redemption pro-rata among all Investors in proportion to their respective initial purchases of such securities pursuant to this Agreement.

Appears in 1 contract

Samples: Convertible Preferred Stock and Warrants Purchase Agreement (Thinkpath Com Inc)

Pro-Rata Redemption. The Company agrees that if it shall redeem any of the Convertible DebenturePreferred Stock, that it shall offer make such redemption pro-rata among all Investors in proportion to their respective initial purchases of such securities pursuant to this Agreement.

Appears in 1 contract

Samples: Convertible Preferred Stock and Warrants Purchase Agreement (Sedona Corp)

AutoNDA by SimpleDocs

Pro-Rata Redemption. The Company agrees that if it shall redeem Upon any redemption of any of the Convertible DebentureDebentures, that it the Company shall offer such redemption pro-rata among all Investors in proportion to their respective initial purchases of such securities pursuant to this Agreement.

Appears in 1 contract

Samples: Senior Secured Convertible Debentures and Warrants Purchase Agreement (World Wide Wireless Communications Inc)

Pro-Rata Redemption. The Company agrees that if it shall redeem ------------------- any of the Convertible DebentureDebentures, that it shall offer make such redemption pro-rata among all Investors Lenders in proportion their respective initial purchases of such securities pursuant to this Agreement.

Appears in 1 contract

Samples: Loan Agreement (Inchorus Com)

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.

Appears in 1 contract

Samples: Convertible Debenture and Warrants Purchase Agreement (Worldwide Wireless Networks Inc)

Pro-Rata Redemption. The Company agrees that if it shall redeem Upon any redemption of any of the Convertible DebentureSubordinated Debentures, that it the Company shall offer such redemption pro-rata among all Investors in proportion to their respective initial purchases current holdings of such securities pursuant to this Agreement.

Appears in 1 contract

Samples: Convertible Subordinated Debentures and Warrants Purchase Agreement (Cray Inc)

Pro-Rata Redemption. The Company agrees that if it shall redeem any of the Convertible DebenturePreferred Stock, that it shall offer make such redemption pro-rata among all Investors the Investor and any other then holders of the Convertible Preferred Stock in proportion to their respective initial purchases ownership interests of such securities pursuant to this Agreementsecurities.

Appears in 1 contract

Samples: Convertible Preferred Stock and Warrants Purchase Agreement (Sedona Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!