Common use of Permitted Sales Clause in Contracts

Permitted Sales. With respect to any Equity Securities that are not subscribed for by Major Holders after the end of the twenty (20) day period specified in Section 3.6(a) (“Remaining Securities”), the Company may, during a period of ninety (90) days following the end of such period, offer and sell such Remaining Securities to other Persons or Entities upon the terms and conditions not less favorable to the Company than those set forth in the notice to the Major Holders. In the event the Company has not issued and sold all of the Remaining Securities within said 90-day period, the Company shall not thereafter issue or sell any Equity Securities without first offering such securities to the Major Holders pursuant to this Section 3.6.

Permitted Sales. With respect to any Equity Securities that are not subscribed for by Major Holders Investors after the end of the twenty (20) day period specified in Section 3.6(a) (“Remaining Securities”)3.2, the Company may, during a period of ninety (90) days following the end of such period, offer and sell such Remaining Equity Securities to other Persons or Entities persons upon the terms and conditions not less favorable to the Company than those set forth in the notice Offer Notice to the Major HoldersInvestors. In the event the Company has not issued and sold all entered into a definitive agreement for the sale of the Remaining Equity Securities within said 90-day period, or if such agreement is not consummated within thirty (30) days after the consummation thereof, the Company shall not thereafter issue or sell any Equity Securities without first offering such securities to the Major Holders Investors pursuant to this Section 3.63.