Applicable Pro Rata Portion definition
Applicable Pro Rata Portion means a Member’s Preferred Pro Rata Portion of any New Preferred Securities proposed to be issued or sold by the Company and a Member’s Common Pro Rata Portion of any New Common Securities proposed to be issued or sold by the Company.
Applicable Pro Rata Portion means a Member’s Pro Rata Portion of any Offered Units proposed to be Transferred by an Offering Member.
Applicable Pro Rata Portion means, for purposes of Section 10.03, with respect to an ROFR Rightholder, on any date of a proposed Transfer by an Offering Member, a fraction determined by dividing (i) the number of Common Units on a Fully Diluted Basis owned by such ROFR Rightholder immediately prior to such Transfer by (ii) the total number of Common Units on a Fully Diluted Basis held by all ROFR Rightholders on such date immediately prior to such Transfer.
Examples of Applicable Pro Rata Portion in a sentence
The Company hereby grants to each of ATN, the F3C Investors and their respective Permitted Transferees (each, a “Pre-Emptive Member”) the right to purchase its Applicable Pro Rata Portion of any New Securities that the Company or any Company Subsidiary may from time to time propose to issue or sell to any Person between the date hereof and the consummation of a Qualified Public Offering.
More Definitions of Applicable Pro Rata Portion
Applicable Pro Rata Portion means the principal sum of the Indebtedness at any one time outstanding, together with accrued but unpaid interest thereon, and costs of collection including reasonable attorneys fees times the percentage of Borrower's capital shares held by Guarantor.
Applicable Pro Rata Portion means the entire unpaid principal balance of this Note and any accrued but unpaid interest thereon times the percentage of Maker's capital shares held by such guarantor at the time this Note was initially made.