Common use of STOCKHOLDERS' EXERCISE OF RIGHT Clause in Contracts

STOCKHOLDERS' EXERCISE OF RIGHT. Each Stockholder entitled to purchase securities under this Section 5 must exercise such Stockholder's purchase rights hereunder within 20 days after receipt of written notice from the Company describing in reasonable detail the stock or securities being offered, the purchase price thereof, the payment terms, and such Stockholder's percentage allotment. If all of the securities offered to the Stockholders are not fully subscribed for by the Stockholders, the securities which are not so subscribed for will be reoffered to the Stockholders purchasing their full allotment upon the terms set forth in this Section 5, except that such Stockholders must exercise their purchase rights within five (5) days after receipt of such reoffer.

STOCKHOLDERS' EXERCISE OF RIGHT. Each Stockholder entitled to purchase securities under this Section 5 4 must exercise such Stockholder's purchase rights hereunder within 20 30 days after receipt of written notice from the Company describing in reasonable detail the stock or securities being offered, the purchase price thereof, the payment terms, terms and such Stockholder's percentage allotment. If all of the securities offered to the Stockholders are not fully subscribed for by the Stockholders, the securities which are not so subscribed for will be reoffered to the Stockholders purchasing their full allotment upon the terms set forth in this Section 5, except that such Stockholders must exercise their purchase rights within five (5) days after receipt of such reoffer.

STOCKHOLDERS' EXERCISE OF RIGHT. Each Stockholder Eligible Major Holder entitled to purchase securities under this Section 5 must exercise such Stockholder's Eligible Major Holder’s purchase rights hereunder within 20 thirty (30) days after receipt of written notice from the Company describing in reasonable detail the stock or securities being offered, the purchase price thereof, the payment terms, terms and such Stockholder's Eligible Major Holder’s percentage allotment. If all of the securities offered to the Stockholders are not fully subscribed for by the Stockholders, the securities which are not so subscribed for will be reoffered to the Stockholders purchasing their full allotment upon the terms set forth in this Section 5, except that such Stockholders must exercise their purchase rights within five (5) days after receipt of such reoffer.

STOCKHOLDERS' EXERCISE OF RIGHT. Each Stockholder entitled to purchase securities under this Section 5 must exercise such Stockholder's purchase rights hereunder within 20 days after receipt of written notice from the Company describing in reasonable detail the stock or securities being offered, the purchase price thereof, the payment terms, and such Stockholder's percentage allotment. If all of the securities offered to the Stockholders are not fully subscribed for by the Stockholders, the securities which are not so subscribed for will be reoffered to the Stockholders purchasing their full allotment upon the terms set forth in this Section 5, except that such Stockholders must exercise their purchase rights within five (5) days after receipt of such reoffer.