Optional Securities Purchase Right Clause Samples
The Optional Securities Purchase Right clause grants a party the ability, but not the obligation, to purchase certain securities under specified conditions. Typically, this right may be triggered by events such as future financing rounds, changes in company ownership, or other predefined circumstances, and it often outlines the terms, price, and timeframe for exercising the right. Its core practical function is to provide flexibility and strategic advantage to the holder, allowing them to secure additional equity or maintain their ownership percentage, thereby addressing concerns about dilution or missed investment opportunities.
Optional Securities Purchase Right. The right of ▇▇▇▇▇▇▇▇▇ to purchase the outstanding Offered Certificates in accordance with Section 5.09.
Optional Securities Purchase Right. The parties hereto hereby agree that, for the avoidance of doubt, the mere exercise by ▇▇▇▇▇▇▇▇▇ Mortgage, Inc. of its Optional Notes Purchase Right under Article VI of the Sale and Servicing Agreement to acquire all of the Notes shall not affect the operation of this Transaction so long as the Notes continue to be outstanding.
Optional Securities Purchase Right. The right of TMI to purchase the outstanding Certificates in accordance with Section 5.09.