Additional Issuance Notices. The Company shall give written notice (an “Issuance Notice”) of any proposed issuance or sale described in Section 9.1(a) to the Pre-emptive Members within five (5) Business Days following any meeting of the Board at which any such offer to sell additional Units is approved. The Issuance Notice shall set forth the material terms and conditions of the proposed issuance or sale, including: (i) the maximum number and description of the New Securities proposed to be issued and the percentage of the Company’s Units then outstanding on a Fully Diluted Basis (both in the aggregate and with respect to each type, class or series of Units proposed to be issued) that such issuance would represent; (ii) the proposed issuance date, which shall be at least twenty (20) Business Days from the date of the Issuance Notice; and (iii) the proposed purchase price per unit of the New Securities.
Appears in 10 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement, Limited Liability Company Agreement
