Notice from the Company. In the event the Company proposes to undertake an issuance of New Units, the Company shall give each Class A Holder and each Convertible Stockholder written notice of such proposal (the “Sale Participation Notice”), describing the type of New Units and the price and the terms and conditions upon which the Company proposes to issue the same, and setting forth the pro rata portion of the New Units that such Class A Holder or Convertible Preferred Stockholder is entitled to purchase pursuant to its Participation Right. For a period of twenty (20) business days following the receipt of such notice from the Company, the Company shall be deemed to have irrevocably offered to sell to each Class A Holder and each Convertible Preferred Stockholder such number of New Units as set forth above for the price and upon the terms specified in the notice. Each Class A Holder and each Convertible Preferred Stockholder may irrevocably exercise its Participation Right hereunder by giving written notice to the Company and stating therein the quantity of New Units to be purchased within twenty (20) business days following the receipt of the Sale Participation Notice from the Company.
Appears in 2 contracts
Samples: Securityholders Agreement (21st Century Oncology Holdings, Inc.), Securityholders Agreement (21st Century Oncology Holdings, Inc.)
Notice from the Company. In the event the Company proposes to undertake an issuance of New Units, the Company shall give each Class A Holder and each Convertible Stockholder written notice of such proposal (the “Sale Participation Notice”), describing the type of New Units and the price and the terms and conditions upon which the Company proposes to issue the same, and setting forth the pro rata portion of the New Units that such Class A Holder or Convertible Preferred Stockholder is entitled to purchase pursuant to its Participation Right. For a period of twenty (20) business days following the receipt of such notice from the Company, the Company shall be deemed to have irrevocably offered to sell to each Class A Holder and each Convertible Preferred Stockholder such number of New Units as set forth above for the price and upon the terms specified in the notice. Each Class A Holder and each Convertible Preferred Stockholder may irrevocably exercise its Participation Right hereunder by giving written notice to the Company and stating therein the quantity of New Units to be purchased within twenty (20) business days following the receipt of the Sale Participation Notice from the Company.
Appears in 2 contracts
Samples: Securityholders Agreement (Radiation Therapy Services Holdings, Inc.), Securityholders Agreement (Vestar Capital Partners v L P)
