Common use of Pro Rata Allocation Clause in Contracts

Pro Rata Allocation. If the holders of a majority (by number of LLC Units) of the Registrable Securities for which registration is being requested pursuant to Section 1.1(a) determine, based on consultation with the managing underwriters or, in an offering which is not underwritten, with an investment banker, that the number of securities to be sold in any such offering should be limited due to market conditions or otherwise, all holders of Registrable Securities proposing to sell their securities in such registration shall share pro rata in the number of securities being offered (as determined by the holders holding a majority (by number of LLC Units) of the Registrable Securities for which registration is being requested in consultation with the managing underwriters or investment banker, as the case may be) and registered for their account, such sharing to be based on the number of Registrable Securities as to which registration was requested by such holders, and any securities that the Company shall have proposed to sell for its own account in such offering shall be included only if all Registrable Securities as to which registration was requested are included therein.

Pro Rata Allocation. If the holders of a majority (by number of LLC Units) of the Registrable Securities for which registration is being requested pursuant to Section 1.1(a) determine, based on consultation with the managing underwriters or, in an offering which is not underwritten, with an investment banker, that the number of securities to be sold in any such offering should be limited due to market conditions or otherwise, all holders of Registrable Securities proposing to sell their securities in such registration shall share pro rata in the number of securities being offered (as determined by the holders holding a majority (by number of LLC Units) of the Registrable Securities for which registration is being requested in consultation with the managing underwriters or investment banker, as the case may be) and registered for their account, such sharing to be based on the number of Registrable Securities as to which registration was requested re quested by such holders, and any securities that the Company shall have proposed to sell for its own account in such offering shall be included only if all Registrable Securities as to which registration was requested are included therein.