Grant of Preemptive Rights. KCI will not issue or sell any capital stock without first complying with this Section 4. KCI hereby grants to each of the Shareholders the preemptive right to purchase up to that Shareholder's Pro Rata Share (as defined below) of any capital stock that KCI may, from time to time, propose to sell or issue. For purposes of this Section 4, a Shareholder's "Pro Rata Share" shall mean the percentage of all outstanding fully diluted capital stock of KCI owned by that Shareholder from time to time.
Appears in 4 contracts
Samples: Shareholder Agreement (Kci New Technologies Inc), Transaction Agreement (Kci New Technologies Inc), Transaction Agreement (Blum Richard C & Associates L P)
