Preemptive Right Definitions Clause Samples

Preemptive Right Definitions. For the purpose of this Section 6, the term “Investors’ Common Shares” shall mean the Common Stock issued or issuable to the Investors upon the Conversion of the Series A Preferred Stock and the term “New Securities” shall mean any capital stock of the Company whether now authorized or not, and rights, options or warrants to purchase capital stock, and securities that in any way rank senior to the Common Stock; provided that the term “New Securities” does not include Series A Preferred Stock.