Common use of Terms of Payment of Purchase Price Clause in Contracts

Terms of Payment of Purchase Price. Subject to Section 4.3 ---------------------------------- and the rest of this Section 4, each issuance of New Securities to each Senior Holder must be on terms not less favorable to such Senior Holder than the most favorable terms on which the Company issues or proposes to issue in the transaction in connection with which the preemptive right is being exercised New Securities to any New Securities Purchaser, any other Senior Holder or any other Person (without discrimination based on differences in the number or amount of New Securities to be acquired). Without limiting the generality of the immediately preceding sentence, (i) each Senior Holder must be given the same options and rights of election, if any, as to the kind(s) or amount(s) of consideration to be paid or delivered for New Securities as any other purchaser is given or was proposed to be given in the Preissuance Notice and (ii) the purchase price to be paid by each Senior Holder upon exercise of its rights under this Section 4 will be paid upon terms which are not less favorable than those on which the New Securities are sold to any other purchaser, unless those terms provide for payment in a manner which could not reasonably be duplicated by any Senior Holder, such as the transfer of specific property to the Company, in which event such payment will be in cash in an amount equal to the Fair Market Value of such specific property as reasonably determined by the Board of Directors in good faith. The giving of a Preissuance Notice shall constitute the representation and warranty by the Company to each Senior Holder that (i) the proposed issuance is not subject to conditions, contingencies or material terms not disclosed in the Preissuance Notice or in the accompanying documents delivered therewith; and (ii) neither the amount or kind of consideration offered by the New Securities Purchaser for the New Securities nor any other terms of the proposed issuance or of any other transaction or proposed transaction with the New Securities Purchaser or any of its Affiliates have been established for the purpose of circumventing, increasing the cost of exercising or otherwise impairing any Senior Holder's preemptive right pursuant to this Section 4.

Terms of Payment of Purchase Price. Subject to Section 4.3 ---------------------------------- 2.3 and the rest of this Section 4Section, each issuance of New Securities to each Senior Holder Investor must be on terms not less favorable to such Senior Holder Investor than the most favorable terms on which the Company issues or proposes to issue in the transaction in connection with which the preemptive right is being exercised New Securities to any New Securities Purchaser, any other Senior Holder Investor or any other Person (without discrimination based on differences in the number or amount of New Securities to be acquired). Without limiting the generality of the immediately preceding sentence, (i) each Senior Holder Investor must be given the same options and rights of election, if any, as to the kind(s) or amount(s) of consideration to be paid or delivered for New Securities as any other purchaser is given or was proposed to be given in the Preissuance Notice and (ii) the purchase price to be paid by each Senior Holder Investor upon exercise of its rights under this Section 4 Article II will be paid upon terms which are not less favorable than those on which the New Securities are sold to any other purchaser, unless those terms provide for payment in a manner which could not reasonably be duplicated by any Senior HolderInvestor, such as the transfer of specific property to the Company, in which event such payment will be in cash in an amount equal to the Fair Market Value of such specific property as reasonably determined by the Board of Directors in good faith. The giving of a Preissuance Notice shall constitute the representation and warranty by the Company to each Senior Holder Investor that (i) the proposed issuance is not subject to conditions, contingencies or material terms not disclosed in the Preissuance Notice or in the accompanying documents delivered therewith; and (ii) neither the amount or kind of consideration offered by the New Securities Purchaser for the New Securities nor any other terms of the proposed issuance or of any other transaction or proposed transaction with the New Securities Purchaser or any of its Affiliates have been established for the purpose of circumventing, increasing the cost of exercising or otherwise impairing any Senior HolderInvestor's preemptive right of first refusal pursuant to this Section 4Article II or increasing the probability that any Investor's right of first refusal will not be exercised in full.

Terms of Payment of Purchase Price. Subject to Section 4.3 7.3 ----------- ---------------------------------- ----------- and the rest of this Section 4Section, each issuance of New Securities to each Senior Holder Investor must be on terms not less favorable to such Senior Holder Investor than the most favorable terms on which the Company issues or proposes to issue in the transaction in connection with which the preemptive right is being exercised New Securities to any New Securities Purchaser, any other Senior Holder Investor or any other Person (without discrimination based on differences in the number or amount of New Securities to be acquired). Without limiting the generality of the immediately preceding sentence, (i) each Senior Holder Investor must be given the same options and rights of election, if any, as to the kind(s) or amount(s) of consideration to be paid or delivered for New Securities as any other purchaser is given or was proposed to be given in the Preissuance Notice and (ii) the purchase price to be paid by each Senior Holder Investor upon exercise of its rights under this Section 4 Article VII will be paid ----------- upon terms which are not less favorable than those on which the New Securities are sold to any other purchaser, unless those terms provide for payment in a manner which could not reasonably be duplicated by any Senior HolderInvestor, such as the transfer of specific property to the Company, in which event such payment will be in cash in an amount equal to the Fair Market Value fair market value of such specific property as reasonably determined by the Board of Directors in good faith. The giving of a Preissuance Notice shall constitute the representation and warranty by the Company to each Senior Holder Investor that (i) the proposed issuance is not subject to conditions, contingencies or material terms not disclosed in the Preissuance Notice or in the accompanying documents delivered therewith; and (ii) neither the amount or kind of consideration offered by the New Securities Purchaser for the New Securities nor any other terms of the proposed issuance or of any other transaction or proposed transaction with the New Securities Purchaser or any of its Affiliates have been established for the purpose of circumventing, increasing the cost of exercising or otherwise impairing any Senior HolderInvestor's preemptive right of first refusal pursuant to this Section 4Article VII or increasing the probability that any Investor's right of first refusal will not be exercised in full.

Terms of Payment of Purchase Price. Subject to Section 4.3 ---------------------------------- ------- 7.03 and the rest of this Section 4Section, each issuance of New Securities to each Senior Holder ---- Investor must be on terms not less favorable to such Senior Holder Investor than the most favorable terms on which the Company issues or proposes to issue in the transaction in connection with which the preemptive right is being exercised New Securities to any New Securities Purchaser, any other Senior Holder Investor or any other Person (without discrimination based on differences in the number or amount of New Securities to be acquired). Without limiting the generality of the immediately preceding sentence, (i) each Senior Holder Investor must be given the same options and rights of election, if any, as to the kind(s) or amount(s) of consideration to be paid or delivered for New Securities as any other purchaser is given or was proposed to be given in the Preissuance Notice and (ii) the purchase price to be paid by each Senior Holder Investor upon exercise of its rights under this Section 4 Article VII will be paid ----------- upon terms which are not less favorable than those on which the New Securities are sold to any other purchaser, unless those terms provide for payment in a manner which could not reasonably be duplicated by any Senior HolderInvestor, such as the transfer of specific property to the Company, in which event such payment will be in cash in an amount equal to the Fair Market Value fair market value of such specific property as reasonably determined by the Board of Directors in good faith. The giving of a Preissuance Notice shall constitute the representation and warranty by the Company to each Senior Holder Investor that (i) the proposed issuance is not subject to conditions, contingencies or material terms not disclosed in the Preissuance Notice or in the accompanying documents delivered therewith; and (ii) neither the amount or kind of consideration offered by the New Securities Purchaser for the New Securities nor any other terms of the proposed issuance or of any other transaction or proposed transaction with the New Securities Purchaser or any of its Affiliates have been established for the purpose of circumventing, increasing the cost of exercising or otherwise impairing any Senior HolderInvestor's preemptive right of first refusal pursuant to this Section 4Article VII or increasing the probability that any Investor's right of first refusal will not be exercised in full.

Terms of Payment of Purchase Price. Subject to Section 4.3 ---------------------------------- 7.03 and the rest of this Section 4Section, each issuance of New Securities to each Senior Holder Investor must be on terms not less favorable to such Senior Holder Investor than the most favorable terms on which the Company issues or proposes to issue in the transaction in connection with which the preemptive right is being exercised New Securities to any New Securities Purchaser, any other Senior Holder Investor or any other Person (without discrimination based on differences in the number or amount of New Securities to be acquired). Without limiting the generality of the immediately preceding sentence, (i) each Senior Holder Investor must be given the same options and rights of election, if any, as to the kind(s) or amount(s) of consideration to be paid or delivered for New Securities as any other purchaser is given or was proposed to be given in the Preissuance Notice and (ii) the purchase price to be paid by each Senior Holder Investor upon exercise of its rights under this Section 4 Article VII will be paid upon terms which are not less favorable than those on which the New Securities are sold to any other purchaser, unless those terms provide for payment in a manner which could not reasonably be duplicated by any Senior HolderInvestor, such as the transfer of specific property to the Company, in which event such payment will be in cash in an amount equal to the Fair Market Value fair market value of such specific property as reasonably determined by the Board of Directors in good faith. The giving of a Preissuance Notice shall constitute the representation and warranty by the Company to each Senior Holder Investor that (i) the proposed issuance is not subject to conditions, contingencies or material terms not disclosed in the Preissuance Notice or in the accompanying documents delivered therewith; and (ii) neither the amount or kind of consideration offered by the New Securities Purchaser for the New Securities nor any other terms of the proposed issuance or of any other transaction or proposed transaction with the New Securities Purchaser or any of its Affiliates have been established for the purpose of circumventing, increasing the cost of exercising or otherwise impairing any Senior HolderInvestor's preemptive right of first refusal pursuant to this Section 4Article VII or increasing the probability that any Investor's right of first refusal will not be exercised in full.