Pro Rata Portion. The number of Equity Securities the INVESTOR shall be offered and may purchase shall be determined by the following formula: Number of Equity Securities which the INVESTOR shall be offered and may purchase = (Number of Common Shares held by the INVESTOR on a Fully Converted Basis immediately prior to the Treasury Offer / Number of Common Shares held by all being offered shareholders of the Corporation on a Fully Converted Basis immediately prior to the Treasury Offer) X Total Number of Equity Securities being offered.
Appears in 2 contracts
Sources: Call Option and Investor Rights Agreement, Call Option and Investor Rights Agreement