Common use of Number of Interests Clause in Contracts

Number of Interests. Whenever any provision of this Agreement calls for any calculation based on a number of Securities held by a Securityholder, the number of Securities deemed to be owned or held by that Securityholder shall be the total number of Interests then owned or held by the Securityholder, plus the total number of Interests issuable upon the conversion of any convertible securities or the exercise of any vested options, warrants or subscription rights then owned or held by such Securityholder.

Appears in 2 contracts

Sources: Investor Rights Agreement (Bh Re LLC), Investor Rights Agreement (Bh Re LLC)