Proportional Share definition
Examples of Proportional Share in a sentence
Each Buyer shall have five (5) days from the date of the Debt Notice to agree by written notice to the Company (a “Debt Exercise Notice”) to lend (up to its Proportional Share) such New Debt at the New Debt Terms and upon the general terms specified in the Debt Notice by giving written notice to the Company and stating therein the quantity of New Debt to be provided by any such Buyer.
Each Buyer shall have five (5) days from the date of the Issuance Notice to agree by written notice to the Company (an “Exercise Notice”) to purchase (up to its Proportional Share) of such New Securities for the New Securities Price and upon the general terms specified in the Issuance Notice by giving written notice to the Company and stating therein the quantity of New Securities to be purchased by any such Buyer.