Common use of Proportionate Share Clause in Contracts

Proportionate Share. For purposes of the issuance of securities to Shareholder pursuant to this Article V, Shareholder’s “proportionate share” shall be that number of shares of Common Stock which preserves Shareholder’s proportionate interest in the Common Stock of Dynegy at the same level as prior to the issuance that triggered Shareholder’s rights.

Appears in 4 contracts

Samples: Preferred Stock Redemption Agreement, Shareholder Agreement, Preferred Stock Redemption Agreement (Dynegy Holdings Inc)

AutoNDA by SimpleDocs

Proportionate Share. For purposes of the issuance of securities to Shareholder pursuant to this Article VVI, Shareholder’s “'s "proportionate share" shall be that number of shares of Common Stock which preserves Shareholder’s 's proportionate interest in the Common Stock of Dynegy at the same level as prior to the issuance that triggered Shareholder’s 's rights. For purposes of this Section 6.5, Shareholder will be considered to own all Conversion Shares in respect of Series C Preferred Stock that remains beneficially owned by Shareholder and its Affiliates.

Appears in 1 contract

Samples: Shareholder Agreement (Dynegy Inc /Il/)

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