Common use of Allocation of Unsubscribed New Securities Clause in Contracts

Allocation of Unsubscribed New Securities. If any Holder fails to ----------------------------------------- exercise such preemptive right within such twenty (20) day period, then the other Holders, if any, will have an additional five (5) day period to purchase such Holder's portion not so agreed to be purchased in the same proportion in which such other Holders were entitled to purchase the New Securities (excluding for such purposes such non-purchasing Holder). Thereafter, the Company will have ninety (90) days to sell the New Securities not elected to be purchased by the Holders at the same price and upon the same terms specified in the applicable Preemptive Rights Notice. If the Company has not sold the New Securities within such ninety (90) day period, then the Company will not issue or sell any New Securities without first offering such securities in the manner provided in this Article II. ----------

Allocation of Unsubscribed New Securities. If any In the event a Preemptive Right Holder fails to ----------------------------------------- exercise such equity preemptive right in full within such twenty fifteen (2015) day period, then the other Preemptive Right Holders, if any, will have an additional five (5) day period to purchase such Holder's portion not so agreed to be purchased in the same proportion in which such other Holders were entitled to purchase the New Securities (excluding for such purposes such non-purchasing nonpurchasing Holder). Thereafter, the Company will have ninety (90) days to sell the New Securities not elected to be purchased by the Preemptive Right Holders at the same price and upon the same terms specified in the applicable Preemptive Rights NoticeCompany's notice described in Section 3.c(i). If In the event the Company has not sold the New Securities within such ninety (90) day period, then the Company will not thereafter issue or sell any New Securities without first offering such securities in the manner provided in this Article II. ----------above.

Allocation of Unsubscribed New Securities. If any In the event a Holder or a Shareholder fails to ----------------------------------------- exercise such preemptive right within such twenty fifteen (2015) day period, then the other HoldersHolders and Shareholders, if any, will have an additional five (5) day period to purchase such Holder's or such Shareholder's portion not so agreed to be purchased in the same proportion in which such other Holders or Shareholders were entitled to purchase the New Securities (excluding for such purposes such non-purchasing Holdernonpurchasing Holder or Shareholder). Thereafter, the Company will have ninety (90) days to sell the New Securities not elected to be purchased by the Holders and Shareholders at the same price and upon the same terms specified in the applicable Preemptive Rights NoticeCompany's notice described in Section 2.02. If In the event the Company has not sold the New Securities within such ninety (90) day period, then the Company will not thereafter issue or sell any New Securities without first offering such securities in the manner provided in this Article II. ----------above.

Allocation of Unsubscribed New Securities. If any In the event a Holder ----------------------------------------- fails to ----------------------------------------- exercise such preemptive right within such twenty fifteen (2015) day period, then the other Holders, if any, will have an additional five (5) day period to purchase such Holder's portion not so agreed to be purchased in the same proportion in which such other Holders were entitled to purchase the New Securities (excluding for such purposes such non-purchasing nonpurchasing Holder). Thereafter, the Company will have ninety (90) days to sell the New Securities not elected to be purchased by the Holders at the same Shareholder Agreement - Page 2 --------------------- price and upon the same terms specified in the applicable Preemptive Rights NoticeCompany's notice described in Section 2.02. If In the event the Company has not sold the New Securities within ------------ such ninety (90) day period, then the Company will not thereafter issue or sell any New Securities without first offering such securities in the manner provided in this Article II. ----------above.