Common use of Notice of New Issues Clause in Contracts

Notice of New Issues. In the event the Company proposes to undertake -------------------- an issuance of New Securities, it shall give each Stockholder written notice (the "Section 6 Notice") of its intention, describing the type of New Securities, the price, and the principal terms upon which the Company proposes to issue the same. Each Stockholder shall have twenty (20) days from the delivery date of any Section 6 Notice to agree, irrevocably, to purchase up to the Stockholder's Section 6 Pro Rata Share of such New Securities for the price and upon the terms specified in the Section 6 Notice by giving written notice to the Company and stating therein the quantity of New Securities to be purchased.

Notice of New Issues. In the event the Company proposes to undertake -------------------- an issuance of New Securities, it shall give each Stockholder written notice (the "Section 6 Notice") of its intention, describing the type of New Securities, the price, and the principal terms upon which the Company proposes to issue the same. Each Stockholder shall have twenty (20) days from the delivery date of any Section 6 Notice to agree, irrevocably, to purchase up to the Stockholder's Section 6 Pro Rata Share of such New Securities for the price and upon the terms specified in the Section 6 Notice by giving written notice to the Company and stating therein the quantity of New Securities to be purchased.

Notice of New Issues. In the event If the Company proposes to undertake -------------------- an issuance of New Securities, it shall give each Stockholder Shareholder written notice (the "“Section 6 7 Notice"”) of its intention, describing the type of New Securities, the price, and the principal terms upon which the Company proposes to issue the same. Each Stockholder Shareholder shall have twenty (20) 10 days from the delivery date of any Section 6 7 Notice to agree, irrevocably, agree to purchase up to the Stockholder's Section 6 its Pro Rata Share of such New Securities for the price and upon the terms specified in the Section 6 7 Notice by giving written notice to the Company and stating therein the quantity of New Securities to be purchased.