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 all Investors in proportion their respective initial purchases of such securities pursuant to this Agreement.
Appears in 3 contracts
Samples: Escrow Agreement (Professional Transportation Group LTD Inc), Convertible Preferred Stock and Warrants Purchase Agreement (Avtel Communications Inc/De), Convertible Preferred Stock and Warrants Purchase Agreement (Compositech LTD)
Pro-Rata Redemption. The Company agrees that if it shall redeem any of the Convertible Exchangeable Preferred Stock, that it shall make 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: Escrow Agreement (Dental Medical Diagnostic Systems Inc)
