Proportional Percentage

Proportional Percentage. Means the quotient obtained by dividing (i) the number of shares of Series B Preferred Stock which such Other Purchaser commits to purchase pursuant to the terms and conditions of the Preemptive Notice executed by such Other Purchaser (which shall not be greater than such Other Purchaser's Common Stock Percentage (as defined in the Stockholders Agreement) as of the date hereof) by (ii) the New Series B Preferred Stock Number. 21 "Registration Rights Agreement" means the... Registration Rights Agreement dated as of the May 11, 1998, as amended, among the Corporation, LPA Investment and the other Shareholders of the Corporation signatory thereto. View More

Proportional Percentage. Means (a) with respect to any Other Purchaser, the quotient obtained by dividing (x) the number of shares of Series B Preferred Stock which such Other Purchaser commits to purchase pursuant to the terms of the Preemptive Notice executed by such Other Purchaser (which shall not be greater than such Other Purchaser's Common Stock Percentage (as defined in the Stockholders Agreement) as of the date hereof) by (y) the Maximum Shortfall Share ... Amount; and (b) with respect to LPA Investment 100% less the aggregate of the Other Purchasers' Proportional Percentages as calculated in the immediately preceding clause (a). In the event that a Purchaser is required to purchase Shortfall Shares or Advance Purchase Shares and such Purchaser (a "Defaulting Purchaser") fails to purchase its respective Proportional Percentage of such Shortfall Shares or Advance Purchase Shares at the applicable Closing, the Proportional Percentage of each other Purchaser shall be increased by the amount of such Defaulting Purchaser's Proportional Percentage multiplied by a fraction equal to (x) the amount of such other Purchasers' Proportional Percentage, divided by (y) the aggregate Proportionate Percentage of all Purchasers who are not Defaulting Purchasers. View More