Common use of Company Option; Exercise Clause in Contracts

Company Option; Exercise. For a period of ten (10) days after the Company’s receipt of the Offering Notice delivered pursuant to Section 3.2.3 (the “Company Option Period”), the Company or Paragon shall have the right (the “Company Option”), but not the obligation, to purchase any or all of the Offered Securities at a purchase price equal to the Offer Price and upon the terms and conditions set forth in the Offering Notice. The right of the Company to purchase any or all of the Offered Securities under this Section 3.2.4 shall be exercisable by delivering written notice of the exercise thereof, prior to the expiration of the 10-day period referred to above, to the Selling Manager, which notice shall state the number of Offered Securities proposed to be purchased by the Company. The failure of the Company to respond within such 10-­day period shall be deemed to be a waiver of the Company’s rights under this Section 3.2.4, provided that the Company may waive its rights under this Section 3.2.4 prior to the expiration of such 10-day period by giving written notice to the Selling Manager.

Company Option; Exercise. For a period of ten fifteen (1015) days after the Company’s receipt giving of the Offering Notice delivered pursuant to Section 3.2.3 3.1(a) (the “Company Option Period”), the Company or Paragon shall have the right (the “Company Option”), ) but not the obligation, obligation to purchase any or all of the Offered Securities at a purchase price equal to the Offer Price and upon the terms and conditions set forth in the Offering Notice. The right of the Company to purchase any or all of the Offered Securities under this Section 3.2.4 3.1(b) shall be exercisable by delivering written notice of the exercise thereof, prior to the expiration of the 10-day period referred to aboveCompany Option Period, to the Selling ManagerShareholder, which notice shall state the number of Offered Securities proposed to be purchased by the Company. The failure of the Company to respond within such 10-­day period the Company Option Period shall be deemed to be a waiver of the Company’s rights under this Section 3.2.4Company Option, provided that the Company may waive its rights under this Section 3.2.4 3.1(b) prior to the expiration of such 10-day period the Company Option Period by giving written notice to the Selling ManagerShareholder and the Preferred Shareholders.

Company Option; Exercise. For a period of ten thirty (1030) days after the Company’s receipt giving of the Offering Notice delivered pursuant to Section 3.2.3 4.1.1 (the “"Company Option Period”"), the Company or Paragon shall have the right (the “"Company Option”), but not the obligation, ") to purchase any or all of the Offered Securities at a purchase price equal to the Offer Price and upon the terms and conditions set forth in the Offering Notice. The right of the Company to purchase any or all of the Offered Securities under this Section 3.2.4 4.1.2 shall be exercisable by delivering written notice of the exercise thereof, prior to the expiration of the 1030-day period referred to above, to the Selling ManagerStockholder with a copy to the other Stockholders, which notice shall state the number of Offered Securities proposed to be purchased by the Company. The failure of the Company to respond within such 10-­day 30-day period shall be deemed to be a waiver of the Company’s 's rights under this Section 3.2.4, provided that the 4.1. The Company may waive its rights under this Section 3.2.4 4.1 prior to the expiration of such 10the 30-day period by giving written notice to the Selling ManagerStockholders.

Company Option; Exercise. For a period of ten (10) 15 days after the Company’s receipt giving of the Offering Notice delivered pursuant to Section 3.2.3 4.3(a) (the “"Company Option Period”"), the Company or Paragon shall have the right (the “"Company Option”), ") but not the obligation, obligation to purchase any or all of the Offered Securities at a purchase price equal to the Offer Price and upon the terms and conditions set forth in the Offering Notice. The right of the Company to purchase any or all of the Offered Securities under this Section 3.2.4 4.3(b) shall be exercisable by delivering written notice of the exercise thereof, prior to the expiration of the 1015-day period referred to above, to the Selling ManagerPurchaser, which notice shall state the number of Offered Securities proposed to be purchased by the Company. The failure of the Company to respond within such 10-­day 15-day period shall be deemed to be a waiver of the Company’s rights under this Section 3.2.4Company Option, provided PROVIDED that the Company may waive its rights under this Section 3.2.4 4.3(b) prior to the expiration of such 1015-day period by giving written notice to the Selling ManagerPurchaser.

Company Option; Exercise. For a period of ten (10) 15 days after the Company’s receipt giving of the Offering Notice delivered pursuant to Section 3.2.3 7.4(a) (the “"Company Option Period”"), the Company or Paragon shall have the right (the “"Company Option”), ") but not the obligation, obligation to purchase any or all of the Offered Securities at a purchase price equal to the Offer Price and upon the terms and conditions set forth in the Offering Notice. The right of the Company to purchase any or all of the Offered Securities under this Section 3.2.4 7.4(b) shall be exercisable by delivering written notice of the exercise thereof, prior to the expiration of the 1015-day period referred to above, to the Selling ManagerPurchaser, with a copy to the Venture Purchasers, which notice shall state the number of Offered Securities proposed to be purchased by the Company. The failure of the Company to respond within such 10-­day 15-day period shall be deemed to be a waiver of the Company’s rights under this Section 3.2.4Company Option, provided PROVIDED that the Company may waive its rights under this Section 3.2.4 7.4(b) prior to the expiration of such 1015-day period by giving written notice to the Selling ManagerPurchaser, with a copy to the Venture Purchasers.