Common use of Permitted Sales of Refused Securities Clause in Contracts

Permitted Sales of Refused Securities. In the event that a Notice of Acceptance is not given by a Purchaser in respect of all the Offered Securities, the Company shall have one hundred twenty (120) days from the expiration of the period set forth in Section 6.1 to sell all or any part of such Offered Securities as to which a Notice of Acceptance has not been given by such Purchaser (the "Refused Securities") to the Person or Persons specified in the Offer, but only upon terms and conditions, including, without limitation, unit price and interest rates, which are not more favorable to such other Person or Persons or less favorable to the Company than those set forth in the Offer.

Permitted Sales of Refused Securities. In the event that a Notice Notices of Acceptance is are not given by a Purchaser the - 34 - 35 Purchasers in respect of all the Offered Securities, the Company shall have one hundred twenty ninety (12090) days from the expiration end of the said 20-day period set forth in Section 6.1 to sell all or any part of such Offered Securities as to which a Notice of Acceptance has not been given by such Purchaser the Purchasers (the "Refused Securities") to the Person or Persons specified in the Offer, but only for cash and otherwise in all respects upon terms and conditions, including, without limitation, unit price and interest rates, which are not no more favorable favorable, in the aggregate, to such other Person or Persons or less favorable to the Company than those set forth in the Offer.

Permitted Sales of Refused Securities. In the event that a Notice of Acceptance is not given timely delivered by a Purchaser I2BF in respect of all the Offered Securities, the Company shall have one hundred twenty forty-five (12045) days from the expiration of the period set forth in Section 6.1 Offer Period to sell close the sale of all or any part of such Offered Securities as to which a Notice of Acceptance has not been given by such Purchaser I2BF (the "“Refused Securities"”) to the Person person or Persons persons specified in the Offer, but only upon terms and conditions, including, without limitation, unit price and interest ratesrates (if applicable), which are not are, in the aggregate, no more favorable to such other Person person or Persons persons or less favorable to the Company than those set forth in the Offer.

Permitted Sales of Refused Securities. In the event that a Notice of Acceptance is not given by a Purchaser the Subscriber in respect of all the Offered Securities, the Company Corporation shall have one hundred twenty seventy-five (12075) days from the expiration end of the said 14-day period set forth in Section 6.1 to sell all or any part of such Offered Securities as to which a Notice of Acceptance has not been given by such Purchaser the Subscriber (the "Refused Securities") to the Person or Persons specified in the Offer, but only for cash and otherwise in all respects upon terms and conditions, including, without limitation, unit price and interest rates, which are not no more favorable favorable, in the aggregate, to such other Person or Persons or less favorable to the Company Corporation than those set forth in the Offer.

Permitted Sales of Refused Securities. In the event that a Notice of Acceptance is not given by a Purchaser the Purchasers in respect of all the Offered Securities, the Company shall have one hundred twenty sixty (12060) days from the expiration of the period set forth in Section 6.1 to sell all or any part of such Offered Securities as to which a Notice of Acceptance has not been given by such any Purchaser (the "Refused SecuritiesREFUSED SECURITIES") to the Person or Persons specified in the Offer, but only upon terms and conditions, including, without limitation, unit price and interest rates, which are not more favorable favorable, in unit price and interest rates, in the aggregate, to such other Person or Persons or less favorable to the Company than those set forth in the Offer.