Common use of First Refusal Rights Clause in Contracts

First Refusal Rights. Subject to the terms and conditions of this Article 8, the Company hereby grants to each Investor (referred to hereinafter in this Article 8 as the "Offeree") a right of first refusal to purchase all or any part of any issue of New Securities (as defined hereinbelow) that the Company (or any subsidiary whose capital stock will not be wholly owned, directly or indirectly, by the Company upon completion of any such issuance) may from time to time after the Closing Date propose to issue.

First Refusal Rights. Subject to the terms and conditions of this Article 8, the Company hereby grants to each Investor (referred to hereinafter in this Article 8 as the "Offeree") a right of first refusal to purchase all or any part of any issue of New Securities (as defined hereinbelow) that the Company (or any subsidiary whose capital stock will not be wholly owned, directly or indirectly, by the Company upon completion of any such issuance) may from time to time after the Closing Date propose to issue.

First Refusal Rights. Subject to the terms and conditions of this Article 8, the Company hereby grants to each the Investor (referred to hereinafter in this Article 8 as the "Offeree") a right of first refusal to purchase all or any part of any issue of New Securities (as defined hereinbelowbelow) that the Company (or any subsidiary whose capital stock will not be wholly owned, directly or indirectly, by the Company upon completion of any such issuance) may from time to time after the Closing Date propose to issue.

First Refusal Rights. Subject to the terms and conditions of this Article 8, the Company hereby grants to each Investor (referred to hereinafter in this Article 8 collectively as the "OffereeOFFEREES") a right of first refusal to purchase all or any part its Pro Rata Share (as defined below) of any issue of New Securities (as defined hereinbelowbelow) that the Company (or any subsidiary whose capital stock will not be wholly owned, directly or indirectly, by the Company upon completion of any such issuance) may from time to time after the Closing Date propose to issue.

First Refusal Rights. Subject to the terms and conditions of this Article 8, the Company hereby grants to each the Investor (referred to hereinafter in this Article 8 as the "Offeree") a right of first refusal to purchase all or any part of any issue of New Securities (as defined hereinbelowbelow) that the Company (or any subsidiary whose capital stock will not be wholly owned, directly or indirectly, by the Company upon completion of any such issuance) may from time to time after the First Closing Date propose to issue.