Common use of Permitted Sales of Refused Securities Clause in Contracts

Permitted Sales of Refused Securities. If Notices of Acceptance are not given in a timely fashion by the Buyers in respect of all the Offered Securities, the Company shall have 120 days from the expiration of the period set forth in Section 4(m)(i) to close the sale of all or any part of such Offered Securities as to which a Notice of Acceptance has not been given by the Buyers (the “Refused Securities”) (as well as the other securities proposed to be issued in a Future Issuance) to any other Person or Persons, but only for cash and otherwise in all respects upon terms and conditions, including, without limitation, unit price and interest rates, which are no more 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. If Notices of Acceptance are not given in a timely fashion by the Buyers in respect of all of the Offered Securities, the Company shall have 120 ninety (90) days from the expiration of the period set forth in Section 4(m)(i4(o)(i) to close the sale of all or any part of such Offered Securities as to which a Notice of Acceptance has not been given by the Buyers Buyer (the “Refused Securities”"REFUSED SECURITIES") (as well as the other securities proposed to be issued in a Future Issuance) to any other Person or Persons, but only for cash and otherwise in all respects upon terms and conditions, including, without limitation, unit price and interest rates, which are no more 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. If Notices of Acceptance are not given in a timely fashion by the Buyers in respect of all the Offered Securities, the Company shall have 120 sixty (60) days from the expiration of the period set forth in Section 4(m)(i) to close the sale of all or any part of such Offered Securities as to which a Notice of Acceptance has not been given by the Buyers Buyer (the “Refused Securities”"REFUSED SECURITIES") (as well as the other securities proposed to be issued in a Future Issuance) to any other Person or Persons, but only for cash and otherwise in all respects upon terms and conditions, including, without limitation, unit price and interest rates, which are no more 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. If Notices of Acceptance are not given in a timely fashion by the Buyers in respect of all the Offered Securities, the Company shall have 120 ninety (90) days from the expiration of the period set forth in Section 4(m)(i) to close the sale of all or any part of such Offered Securities as to which a Notice of Acceptance has not been given by the Buyers Buyer (the “"Refused Securities”") (as well as the other securities proposed to be issued in a Future Issuance) to any other Person or Persons, but only for cash and otherwise in all respects upon terms and conditions, including, without limitation, unit price and interest rates, which are no more favorable, in the aggregate, to such other Person or Persons or less favorable to the Company than those set forth in the Offer.