Right of Issuer to Sell New Securities. If the Purchaser fails to exercise in full its rights of first refusal within the applicable period set forth above, then the Issuer or, when applicable, its subsidiary shall have 120 days thereafter to sell the New Securities respecting that the rights set forth herein were not exercised at a price and upon general terms no more favorable to the purchaser thereof than specified in the notice to the Purchaser. If such New Securities have not been sold within such 120-day period, then the Issuer or, when applicable, its subsidiary shall not thereafter issue or sell any New Securities without first offering them to the Purchaser in the manner provided above.
Appears in 3 contracts
Samples: Securities Purchase Agreement (Contango Oil & Gas Co), Securities Purchase Agreement (Southern Ute Indian Tribe Dba Suite Growth Fund), Securities Purchase Agreement (TCW Group Inc)
Right of Issuer to Sell New Securities. If the Purchaser -------------------------------------- fails to exercise in full its rights of first refusal within the applicable period set forth above, then the Issuer or, when applicable, its subsidiary shall have 120 days thereafter to sell the New Securities respecting that the rights set forth herein were not exercised at a price and upon general terms no more favorable to the purchaser thereof than specified in the notice to the Purchaser. If such New Securities have not been sold within such 120-day period, then the Issuer or, when applicable, its subsidiary shall not thereafter issue or sell any New Securities without first offering them to the Purchaser in the manner provided above.
Appears in 1 contract
Samples: Securities Purchase Agreement (Contango Oil & Gas Co)
