Proportionate Amount Sample Clauses

Proportionate Amount. The Liquidation Preference with respect to each fractional share of Series C Preferred Stock outstanding shall be equal to a ratably proportionate amount of the Liquidation Preference with respect to each outstanding share of Series C Preferred Stock.
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Proportionate Amount. An Exercising Holder’s “Proportionate Amount” is equal to the product obtainable by multiplying (x) the total amount of Holder Transfer Securities, by (y) such Exercising Holder’s Proportionate Share. An Exercising Holder’s “Proportionate Share” shall be a fraction equal to (i) the total number of Ordinary Shares then held by such Exercising Holder (on an as converted basis) on the date of the Holder Transfer Notice, divided by (ii) the total number of Ordinary Shares held by all Series A Holders and the Holders with the right of first refusal with respect to the Holder Transfer Securities on the date of the Holder Transfer Notice, on an as converted basis; provided that, for purpose of this calculation only, prior to the completion of an IPO, the total number of Ordinary Shares issuable upon conversion of all of the outstanding Convertible Notes shall be deemed to equal to 8% of all of the outstanding Securities and the number of Ordinary Shares issuable upon conversion of a Convertible Note shall be calculated on a pro rata basis based on the principal amount. As used in this definition, the phrase “on an as converted basis” shall mean assuming conversion of all Series B Preference Shares and Convertible Notes but not assuming exercise or conversion of Series A Preference Shares, any other outstanding option, warrants, or other convertible securities.
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Proportionate Amount. An Exercising Investor’s “Proportionate Amount” is equal to the product obtainable by multiplying (x) the total number of Investor Transfer Shares, by (y) a fraction, the numerator of which shall be the number of Ordinary Share Equivalents held by such Exercising Investor (on an as converted basis) on the date of the Investor Transfer Notice and the denominator of which shall be the aggregate number of all Ordinary Share Equivalents held by all the Exercising Investors (on an as converted basis) on the date of the Investor Transfer Notice.
Sample 1
Proportionate Amount. Each partial assignment shall be made as an assignment of a proportionate part of all the assigning Lender’s rights and obligations under this Agreement with respect to the Loan(s) assigned; except that this clause shall not prohibit any Lender from assigning all or a portion of its rights and obligations among separate Loans on a non-pro rata basis.
Sample 1

Related to Proportionate Amount

  • Proportionate Amounts Each partial assignment shall be made as an assignment of a proportionate part of all the assigning Lender’s rights and obligations under this Agreement with respect to the Loan or the Commitment assigned.

  • Pro Rata Share A Participation Rights Holder’s “Pro Rata Share” for purposes of the Right of Participation is the ratio of (a) the number of Ordinary Shares (calculated on a fully-diluted and as-converted basis) held by such Participation Rights Holder, to (b) the total number of Ordinary Shares (calculated on a fully-diluted and as-converted basis) then outstanding immediately prior to the issuance of New Securities giving rise to the Right of Participation.

  • Pro Rata Payments Payments to the Holders shall be pro rata with other Holders who purchased Notes in the same offering, based on the Principal Amount of each such Note. If a Holder receives a payment in excess of his, her, or its pro rata share, the excess shall be deemed to be held in trust for the benefit of other Holders.

  • Amount The required additional Security shall be in an amount equal to the amount necessary to gross up fully for currently applicable federal and state income taxes the estimated Costs of Local Upgrades and Network Upgrades for which Interconnection Customer previously provided Security. Accordingly, the additional Security shall equal the amount necessary to increase the total Security provided to the amount that would be sufficient to permit the Interconnected Transmission Owner to receive and retain, after the payment of all applicable income taxes (“Current Taxes”) and taking into account the present value of future tax deductions for depreciation that would be available as a result of the anticipated payments or property transfers (the “Present Value Depreciation Amount”), an amount equal to the estimated Costs of Local Upgrades and Network Upgrades for which Interconnection Customer is responsible under the Interconnection Service Agreement. For this purpose, Current Taxes shall be computed based on the composite federal and state income tax rates applicable to the Interconnected Transmission Owner at the time the additional Security is received, determined using the highest marginal rates in effect at that time (the “Current Tax Rate”), and (ii) the Present Value Depreciation Amount shall be computed by discounting the Interconnected Transmission Owner’s anticipated tax depreciation deductions associated with such payments or property transfers by its current weighted average cost of capital.

  • Direct Expenses 1. Fees and expenses of its directors (including the fees of those directors who are deemed to be "interested persons" of the Fund as that term is defined in the Investment Company Act of 1940) and the meetings thereof;

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