Pro Rata Portion. For purposes of this Agreement, "Pro Rata Portion", with respect to any Original Holder, shall mean that Original Holder's pro rata portion of the total number of Escrow Holdback Shares based on the total number of shares of Buyer Class A Common Stock issued to such Original Holder at the Effective Time pursuant to Sections 3.1 and 3.7 of the Merger Agreement and the total number of shares of Buyer Class A Common Stock issuable to all Original Holders at the Effective Time pursuant to Sections 3.1 and 3.7 of the Merger Agreement.
Appears in 2 contracts
Sources: Merger Agreement (Ryder TRS Inc), Merger Agreement (Budget Group Inc)