Common use of Rights to Purchase New Securities Clause in Contracts

Rights to Purchase New Securities. (a) In the event that the Corporation proposes to issue New Securities (other than in connection with the Offering), each Shareholder shall have the right to purchase in lieu of the Person to whom the Corporation proposed to issue such New Securities, in accordance with paragraph 5(b) below, a number of Common Shares or other New Securities which the Corporation proposes to issue equal to the product of (i) the total number or amount of Common Shares or other New Securities which the Corporation proposes to issue at such time and (ii) a fraction, the numerator of which shall be the total number of Voting Interests which such Shareholder holds or beneficially owns at such time, and the denominator of which shall be the total number of Voting Interests then outstanding. The rights given by the Corporation under this Section 5 shall terminate if unexercised within 30 days after receipt of the Notice of Issuance referred to in paragraph 5(b) below.

Rights to Purchase New Securities. (a) In the event that the Corporation Company proposes to issue New Securities to a Person (the “Proposed Offeree”) prior to, and other than in connection with the with, an Initial Public Offering), each Shareholder shall have the right to purchase purchase, in lieu of the Person to whom the Corporation proposed to issue such New SecuritiesProposed Offeree, in accordance with paragraph 5(b(b) below, a number of Common Shares or other New Securities which the Corporation proposes to issue equal to the product of (i) the total number or amount of Common Shares or other New Securities which the Corporation Company proposes to issue at such time and (ii) a fraction, the numerator of which shall be the total number of Voting Interests shares of Common Stock which such Shareholder holds or beneficially owns at such time, and the denominator of which shall be the total number of Voting Interests shares of Common Stock then outstandingoutstanding prior to such proposed issue of New Securities. The rights given by the Corporation Company under this Section 5 5.02(a) shall terminate if unexercised within 30 days after receipt of the Notice of Issuance referred to in paragraph 5(b(b) below.

Rights to Purchase New Securities. (a) In the event that the Corporation proposes to issue New Securities (other than in connection with the Offering), each Shareholder shall have the right to purchase in lieu of the Person to whom the Corporation proposed to issue such New Securities, in accordance 6 with paragraph 5(b) below, a number of Common Shares or other New Securities which the Corporation proposes to issue equal to the product of (i) the total number or amount of Common Shares or other New Securities which the Corporation proposes to issue at such time and (ii) a fraction, the numerator of which shall be the total number of Voting Interests which such Shareholder holds or beneficially owns at such time, and the denominator of which shall be the total number of Voting Interests then outstanding. The rights given by the Corporation under this Section 5 shall terminate if unexercised within 30 days after receipt of the Notice of Issuance referred to in paragraph 5(b) below.