Common use of Reinvestment Right Clause in Contracts

Reinvestment Right. Any at time during the 12-month period beginning on the earlier of (a) the date of the first redemption under the Note; or (b) the 12-month anniversary of the Closing Date, Investor will have the right, but not the obligation, in its sole and absolute discretion, to reinvest up to an additional $5,000,000.00 in Company in one or more notes on the same terms and conditions as the Note.

Reinvestment Right. Any at At any time during the 12-month period beginning on the earlier of (a) the date of the first redemption Redemption Conversion (as defined in the Note) under the Note; or (b) the 12-month anniversary of the Closing Date, Investor will have the right, but not the obligation, in its sole and absolute discretion, to reinvest up to an additional $5,000,000.00 in Company in one or more notes on the same terms and conditions as the Note.