Right to Issue Securities Clause Samples
The 'Right to Issue Securities' clause grants a company the authority to create and distribute new shares or other financial instruments, such as options or warrants. This clause typically outlines the conditions under which the company can issue additional securities, including any required approvals or limitations, and may specify whether existing shareholders have preemptive rights to purchase new shares. Its core practical function is to provide the company with flexibility to raise capital or incentivize employees, while also clarifying the process and protecting the interests of current stakeholders.
Right to Issue Securities. After expiration of the Refusal Period, if the provisions of this Section 4(i) have been complied with in all respects by the Company and no Exercise Notice has been given, or if given, the Buyers have not agreed to purchase all of the securities set forth in the Issuance Notice, the Company shall have the right for forty-five (45) calendar days following the termination of the Refusal Period to issue such securities, or any portion thereof not being purchased by the Buyers, as the case may be, specified in the Issuance Notice on the terms described in the Issuance Notice without further notice to the Buyers, but after such forty-five (45) calendar days, no such issuance may be made without again giving notice to the Buyers and complying with all of the requirements of this Section 4(i).
Right to Issue Securities. In the event the Qualified Buyers fail to elect to fully participate in the Future Offering within the periods described in this Section 4(p), the Company shall have 45 days thereafter to sell the securities of the Future Offering not purchased by the Qualified Buyers upon terms and conditions no more favorable to the purchasers thereof than specified in the Future Offering Notice. In the event the Company has not sold such securities of the Future Offering during such 15-day period, the Company shall not thereafter issue or sell such securities without first offering such securities to the Qualified Buyers in the manner provided in this Section 4(p).
Right to Issue Securities. After expiration of the Refusal Period, if the provisions of this Section 3.12 have been complied with in all respects by the Company and no Exercise Notice has been given, or if given, the Purchasers have not agreed to purchase all of the securities set forth in the Issuance Notice, the Company shall have the right for forty-five (45) calendar days following the termination of the Refusal Period to issue such securities (or any portion thereof not purchased by the Purchasers) specified in the Issuance Notice on the terms described in the Issuance Notice without further notice to the Purchasers, but after such forty-five (45) calendar days, no such issuance may be made without again giving notice to the Purchaser and complying with all of the requirements of this Section 3.12(iv). with all of the no such issuance may be made without again giving notice to the Purchaser and complying with all of the requirements of this Section 3.12(iv).
Right to Issue Securities. In the event that the proposed issuance is consummated on terms substantially equal to the terms set forth in the Issuance Notice within forty-five (45) calendar days following the termination of the Exercise Period the Company shall sell to the Buyers concurrently the securities they elected to purchase if such issuance is not consummated within such 45 day period substantially on the terms described in the Issuance Notice, no such issuance may be made without again giving notice to the Buyers and complying with all of the requirements of this Section 5(i).
Right to Issue Securities. After expiration of the Refusal Period, if the provisions of this Section 4(h) have been complied with in all respects by the Company and no Exercise Notice has been given, or if given, the Buyers have not agreed to purchase all of the securities set forth in the Issuance Notice,