Examples of New Issue Notice in a sentence
The Right of First Refusal may be exercised by the Preferred Stockholders, in whole or in part, at any time within the 20-day period after the receipt of the New Issue Notice by delivery to the Company of a writing notifying the Company of such exercise.
If the proposed offering of securities is altered in any material respect, the Company shall send the Preferred Stockholders a revised New Issue Notice and the Preferred Stockholders shall respond thereto, each within a 20-day period commencing upon receipt of such revised notice.
Closing shall occur not more than 60 Business Days after the date of the New Issue Notice at the offices of Metro One, or at such other place or on such other date as Metro One and Sonera may agree in writing.
Notwithstanding anything contained herein to the contrary, no New Issue Notice shall contain any material non-public information.
The right of first refusal granted hereunder shall terminate if unexercised within fifteen (15) business days after receipt of the New Issue Notice.
If all or any portion of the New Securities are not subscribed to by the Purchaser as described above, then the Company may, at its election, during a period of 30 days following the expiration of the Exercise Period, issue the remaining New Securities to the Proposed Recipient at a price and upon terms not more favorable to the Proposed Recipient than those stated in such New Issue Notice.
If Xxxxxx does not agree to purchase all of the New Issue Securities and does not provide a Sonera Alternative Notice or a Percentage Election, Metro One shall be free for a 180 day period following the New Issue Notice to sell all or any portion of such New Issue Securities on any terms then available in the market.
If the proposed offering of securities is altered in any material respect, the Company shall send to EIS a revised New Issue Notice and EIS shall respond thereto, each within a 15 day period commencing upon receipt of such revised notice.
The Right of First Refusal may be exercised by EIS, in whole or in part, at any time within the 15 day period after receipt of the New Issue Notice by delivery to the Company of a writing notifying the Company of such exercise.
Any New Issue Securities that Xxxxxx does not agree to purchase on such new terms may be sold by Metro One to third parties on any terms then available in the market; provided, however that if such terms are more favorable to the purchaser than the new terms previously offered to Sonera, Metro One shall give Sonera another New Issue Notice to which Sonera shall respond in 5 Business Days in accordance with the proceeding sentence.