Common use of Right to Purchase New Securities Clause in Contracts

Right to Purchase New Securities. Except as otherwise provided in this Section 4.6 (including Section 4.6(e) hereof), the Company hereby grants, and shall cause its Subsidiaries to grant, as applicable, to each Shareholder that, together with its Affiliates, holds of record at least two percent (2%) of the Outstanding Company Shares (the “Qualified Shareholder”) the right to purchase its pro rata share of any and all issuances, sales or distributions of New Securities proposed to be made by the Company or any of its Subsidiaries as set forth herein.

Appears in 3 contracts

Samples: Shareholders Agreement (Vantage Drilling International), Shareholder Agreement, Shareholders Agreement

AutoNDA by SimpleDocs

Right to Purchase New Securities. Except as otherwise provided in this Section 4.6 4.3 (including Section 4.6(e4.3(e) hereof), the Company hereby grants, and shall cause its Subsidiaries to grant, as applicable, grants to each Shareholder that, together with its Affiliates, holds of record at least two one-half of one percent (20.5%) of the Outstanding Company Shares Common Stock (the “Qualified Shareholder”) the right to purchase its pro rata share of any and all issuances, sales or distributions of New Securities proposed to be made by the Company or any of its Subsidiaries as set forth herein.

Appears in 1 contract

Samples: Shareholder Agreement (Penn Virginia Corp)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!