Common use of Pro-Rata Redemption Clause in Contracts

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

Appears in 1 contract

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

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

Appears in 1 contract

Samples: Registration Rights Agreement (Calypte Biomedical Corp)

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

Appears in 1 contract

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

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

Appears in 1 contract

Samples: Warrants Purchase Agreement (World Wide Wireless Communications Inc)

Pro-Rata Redemption. The Company agrees that if it shall redeem repurchase any of the Convertible Preferred StockCommon Shares or Repricing Shares, that it shall make such redemption pro-rata among the Investor and any other then holders of the Convertible Preferred Stock all Investors in proportion to their respective ownership interests initial purchases of such securitiesshares 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 ------------------- any of the Convertible Preferred StockDebentures, that it shall make such redemption pro-rata among the Investor and any other then holders of the Convertible Preferred Stock all Lenders in proportion to their respective ownership interests initial purchases of such securitiessecurities pursuant to this Agreement.

Appears in 1 contract

Samples: Loan Agreement (Inchorus Com)

Pro-Rata Redemption. The Company agrees that if it shall redeem Upon any redemption of any of the ------------------- Convertible Preferred StockDebentures, that it the Company shall make offer such redemption pro-rata among the Investor and any other then holders of the Convertible Preferred Stock all Investors in proportion to their respective ownership interests current holdings of such securitiessecurities pursuant to this Agreement.

Appears in 1 contract

Samples: Warrants Purchase Agreement (Data Race Inc)

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Pro-Rata Redemption. The Company agrees that if it shall redeem Upon any redemption of any of the Convertible Preferred StockStock pursuant to the terms of the Certificate of Designations, that it the Company shall make offer such redemption pro-rata among the Investor and any other then holders of the Convertible Preferred Stock all Investors in proportion to their respective ownership interests initial purchases of such securitiessecurities 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 or require the mandatory exchange of any of the Convertible Exchangeable Preferred Stock, that it shall make such redemption pro-rata among the Investor and any other then holders of the Convertible Preferred Stock all Investors in proportion to their respective ownership interests initial purchases of such securitiessecurities pursuant to this Agreement.

Appears in 1 contract

Samples: Exchangeable Preferred Stock and Warrants Purchase Agreement (Nam Corp)

Pro-Rata Redemption. The Company agrees that if it shall redeem Upon any redemption of any of the Convertible Preferred StockSubordinated Debentures, that it the Company shall make offer such redemption pro-rata among the Investor and any other then holders of the Convertible Preferred Stock all Investors in proportion to their respective ownership interests current holdings of such securitiessecurities pursuant to this Agreement.

Appears in 1 contract

Samples: Warrants Purchase Agreement (Cray Inc)

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

Appears in 1 contract

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

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