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 the Refused Securities, then the Purchaser may, at its sole option and in its sole discretion, reduce the number of, or other units of the Offered Securities specified in its Notice of Acceptance to an amount that shall be not less than the amount of the Offered Securities that the Purchaser elected to purchase pursuant to Section 6.3 multiplied by a fraction, (i) the numerator of which shall be the amount of Offered Securities the Company actually proposes to sell, and (ii) the denominator of which shall be the amount of all Offered Securities. 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 Purchasers in accordance with Section 6.3.

Reduction in Amount of Offered Securities. In the event the Company shall propose to sell less than all the Refused SecuritiesSecurities (any such sale to be in the manner and on the terms specified in Section 2.3(c) above), then the Purchaser may, at its sole option and in its sole discretion, each Member may reduce the number of, or other units of the Offered Securities specified in its Notice respective notice of Acceptance acceptance to an amount that which shall be not less than the amount of the Offered Securities that which the Purchaser Member elected to purchase pursuant to Section 6.3 2.3(b) multiplied by a fraction, (i) the numerator of which shall be the amount of Offered Securities which the Company actually proposes to sell, and (ii) the denominator of which shall be the amount of all Offered Securities. In the event that the Purchaser any Member so elects to reduce the number or amount of Offered Securities specified in its Notice respective notice of Acceptanceacceptance, the Company may not sell or otherwise dispose of more than the reduced amount of the Offered Securities until such securities Offered Securities have again been offered to the Purchasers Members in accordance with Section 6.32.3(a).

Reduction in Amount of Offered Securities. In the event the Company shall propose to sell less than all of the Refused SecuritiesSecurities (any such sale to be in the manner and on the terms specified in Section 6.03(a) above), then the Purchaser may, at its sole option and in its sole discretion, may reduce the number of, of shares or other units of the Offered Securities specified in its Notice of Acceptance to an amount that which shall be not less than the amount of the Offered Securities that which the Purchaser elected to purchase pursuant to Section 6.3 6.02 multiplied by a fraction, (i) the numerator of which shall be the amount of Offered Securities which the Company actually proposes to sell, and (ii) the denominator of which shall be the amount of all Offered Securities. 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 Purchasers Purchaser in accordance with Section 6.36.01.

Reduction in Amount of Offered Securities. In the event the Company shall propose to sell less than all the Refused SecuritiesOffered Securities (any such sale to be in the manner and on the terms specified in Section 7.3(A) above), then the Purchaser may, at its sole option and in its sole discretion, Offeree shall be obligated to reduce the number of, of shares or other units of the Offered Securities specified in its respective Notice of Acceptance to an amount that which shall be not less than the amount of the Offered Securities that which the Purchaser Offeree elected to purchase pursuant to Section 6.3 7.2 multiplied by a fraction, (i) the numerator of which shall be the amount of Offered Securities which the Company actually proposes to sell, and (ii) the denominator of which shall be the amount of all Offered Securities. In the event that the Purchaser so elects to reduce Offeree reduces 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 Purchasers Offeree in accordance with Section 6.37.1.