Pro Rata Share Defined. For the purposes of this Agreement, the “Pro Rata Share” of an Investor means the proportion that the unpaid principal and accrued returns on such Investor’s Securities bears to the aggregate unpaid principal and accrued returns on all outstanding Securities.
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Samples: Securities Purchase Agreement (Interwest Partners Viii Lp), Securities Purchase Agreement (Anesiva, Inc.), Securities Purchase Agreement (Anesiva, Inc.)
Pro Rata Share Defined. For the purposes of this Agreement, the “Pro Rata Share” of an Investor a Purchaser means the proportion that the unpaid principal and accrued returns interest on such InvestorPurchaser’s Securities Notes bears to the aggregate unpaid principal and accrued returns interest on all outstanding SecuritiesNotes (or if no Loans are outstanding, the proportion of the Loan Commitment of each Purchaser as compared to the Total Loan Commitment); provided, however, that any portion of a Purchaser’s Notes converted to equity shall not be considered outstanding for these purposes.
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