Carryover Amount

Carryover Amount. Means, as determined on each Exchange Date, the excess (if any) of (a) the aggregate Exchange Amounts calculated on each of the preceding Exchange Dates over (b) the aggregate amounts previously paid under SECTION 2.2.

Carryover Amount. For any Holder means, with respect to any registered offering in which such Holder elected not to participate after receipt of a notice under Section 2.2(a), a number of Registrable Securities equal to the number of Registrable Securities then held by such Holder, multiplied by a fraction (expressed as a percentage), the numerator of which is equal to the number of Registrable Securities sold by the Holder that sold the most Registrable Securities in such offering and the denominator of which... is the number of Registrable Securities held by such Holder immediately prior to such offering View More