Additional Capital Contributions Preemptive Rights. Should the Company require capital contributions in excess of the initial Capital Contributions and Capital Commitments or otherwise desire or purpose to sell additional Interests (other than pursuant to an existing Capital Commitment or pursuant to Section 5.2) to any Person (the "Prospective Purchaser"), it shall provide written notice (a "New Insurance Notice") to the Members of the amount of capital to be raised and the Price Per Point requested by the Company or offered to be paid by the Prospective Purchaser (the "Requested Amount"). The then present Members shall have the first option to make such contribution or acquire such Interests pro rata to their then Interests. After the expiration of such initial option, if any Member has elected not to contribute such Member's full pro rata share of the Requested Amount, the Company shall provide written notification of the remaining Requested Amount (the "Remainder Notice") to the fully-contributing Members and such Members shall have the next option to contribute up to the remainder of the Requested Amount, each Member contributing towards such remainder pro rata to the Interests of such contributing Members or in such other percentages as such contributing Members may agree among themselves. If the combined contributions of all Members do not equal the Requested Amount, then the Company may (1) seek (i) new Members (subject to the approval of the Board) and/or (ii) other sources of financing for the remainder of the Requested Amount or (2) sell the remaining Requested Amount to the Prospective Purchaser, as applicable, in either case, only during the sixty-day period following the earlier to occur of (x) the notification by the Members that they will not acquire 100% of Requested Amount (including any waiver by the Members of their rights hereunder) or (y) the expiration of the second of the foregoing option periods and only at a Price Per Point and upon other terms and conditions no more favorable than those set forth in the New Issuance Notice. Any amount of the remaining Requested Amount not sold during such 60-day period or proposed to be sold at a lower Price Per Point or on other terms more favorable than those set forth in the New Issuance Notice shall again be subject to the rights of the Members set forth this Section 6.2.
1. The two options of Members described in this subsection 6.2.1 shall each be open for a successive thirty (30) day period, the first of which will commence with the giving ...
Additional Capital Contributions Preemptive Rights
