Common use of Reduction in Amount of Offered Securities Clause in Contracts

Reduction in Amount of Offered Securities. In the event the Company shall propose to sell less than all of the Refused Securities (any such sale to be in the manner and on the terms specified in Section 6.03(a) above), then the Purchaser may reduce the number of Offered Securities specified in its Notices of Acceptance accordingly. In the event that the Purchaser so elects to reduce the number or amount of Offered Securities specified in its Notice of Acceptance, the Company may not sell or otherwise dispose of more than the reduced amount of the Offered Securities until such securities have again been offered to the Purchaser in accordance with Section 6.01.

Appears in 1 contract

Samples: Stock Purchase Agreement (Wealthcraft Systems Inc.)

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Reduction in Amount of Offered Securities. In the event the Company shall propose to sell less than all of the Refused Securities (any such sale to be in the manner and on the terms specified in Section 6.03(a) above), then the Purchaser may reduce the number of Offered Securities specified in its Notices Notice of Acceptance accordingly. In the event that the Purchaser so elects to reduce the number or amount of Offered Securities specified in its Notice of Acceptance, the Company may not sell or otherwise dispose of more than the reduced amount of the Offered Securities until such securities have again been offered to the Purchaser in accordance with Section 6.01.

Appears in 1 contract

Samples: Stock Purchase Agreement (Averox Inc.)

Reduction in Amount of Offered Securities. In the event the Company shall propose to sell less than all of the Refused Offered Securities (any such sale to be in the manner and on the terms specified in Section 6.03(a) above), then the each Purchaser may reduce maintain its then existing equity percentage of the number of Offered Securities specified in its Notices of Acceptance accordinglyCompany. In the event that the any Purchaser so elects to reduce the number or amount of Offered Securities specified in its respective Notice of Acceptance, the Company may not sell or otherwise dispose of more than the reduced amount of the Offered Securities until such securities have again been offered to the Purchaser Purchasers in accordance with Section 6.01.

Appears in 1 contract

Samples: Notes and Warrant Purchase Agreement (Extended Systems Inc)

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Reduction in Amount of Offered Securities. In the event the Company shall propose to sell less than all of the Refused Securities (any such sale to be in the manner and on the terms specified in Section 6.03(a5.03(a) above), then the each Purchaser may may, at its sole option and in its sole discretion, reduce the number of, or other units of the Offered Securities specified in its respective Notices of Acceptance accordinglyto any amount which shall be less than the amount of the Offered Securities which the Purchaser elected to purchase pursuant to Section 5.02. In the event that the any Purchaser so elects to reduce the number or amount of Offered Securities specified in its Notice respective Notices of Acceptance, the Company may not sell or otherwise dispose of more than the reduced amount of the Offered Securities until such securities have again been offered to the Purchaser Purchasers in accordance with Section 6.015.01.

Appears in 1 contract

Samples: Alloy Online Inc

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