Following an Emergency Issue. (a) all other Shareholders (other than the Institutions who have delivered an acceptance pursuant to clause 15.3(b)), are entitled to, but not obliged, to subscribe for or acquire such number of each class of Securities comprising in the Emergency Issue (at the same price and on the same terms as the Institutions in the Emergency Issue) necessary to restore its Pro Rata Portion to the position immediately prior to such Emergency Issue; and
(b) within 20 Business Days of such Emergency Issue, the Company shall procure that the issuer(s) in the Accelerated Issue shall notify such Shareholder of its entitlement pursuant to sub-clause (a) above, specifying the number and class of Securities to which it is entitled to subscribe for or acquire, the price per class of Security, and the time (being not less than 10 Business Days) within which the offer, if not accepted by notice in writing, will be deemed to be declined.
Following an Emergency Issue. (a) each Affected Security Holder is entitled, but not obliged, to subscribe for or acquire (as specified in the relevant Board direction pursuant to Clause 7.3, provided that in the case of an acquisition, the Company shall bear the cost of any transfer taxes payable by an Affected Security Holder) such number of each class of Securities comprising the Emergency Issue (at the same price and on the same terms as the subscribing Security Holder in the Emergency Issue) as it would otherwise have been entitled to subscribe for pursuant to Clause 7.2(a); and
(b) within 20 Business Days of such Emergency Issue, the Company shall procure that the issuer(s) in the Emergency Issue shall notify in writing each Affected Security Holder of its entitlement pursuant to Clause 7.6(a), specifying the number and class of Securities to which it is entitled to subscribe for or acquire, the price per class of Security, and the time (being not less than 15 Business Days of delivery of written notice of that entitlement) within which the offer, if not accepted by notice in writing, will be deemed to be declined.
Following an Emergency Issue. (i) each Affected Shareholder is entitled, but not obliged, to subscribe for or acquire from the Emergency Subscriber(s) (as specified in the relevant notification from the Investor Majority pursuant to clause 14.2(b)(ii)) such number of each class of Shares comprising the Emergency Issue (at the same price and on the same terms as the Emergency Subscriber(s) in the Emergency Issue) as it would otherwise have been entitled to subscribe for pursuant to clause 14.1;
(ii) within 10 Business Days following such Emergency Issue, the Company shall notify each Affected Shareholder in writing of its entitlement pursuant to clause 14.2(b)(i), specifying the number and class of Shares to which it is entitled to subscribe for or acquire, the price per class of Share, and the time (being not less than 20 Business Days) within which the offer, if not accepted by notice in writing, will be deemed to be declined, and each Emergency Subscriber hereby agrees to sell and transfer to each Affected Shareholder such a number of Shares as are determined to be acquired in accordance with this clause 14.2(b)(ii).
