Examples of Preemptive Notice in a sentence
Failure by SOF to respond within fifteen (15) Business Days after receipt of the Preemptive Notice shall be regarded as a rejection of the offer made pursuant to the Preemptive Notice and a decline by SOF of its rights under this Article VII with respect to such Transfer.
If the Company gives a Preemptive Notice prior to an issuance of Additional Securities, any definitive agreement to issue such Additional Securities on substantially the same economic terms as set forth in the Preemptive Notice that is entered into within one hundred eighty (180) days after such Preemptive Notice shall be deemed to be part of the same offering and issuance, and no further Preemptive Notice shall be required pursuant to Section 3.3(a) above with respect to such offer or issuance.
If the Company offers or agrees to issue any Additional Securities on economic terms that are different from those set forth in the most recently delivered Preemptive Notice in any material respect or, in any event, more than one hundred eighty (180) days after the most recently delivered Preemptive Notice, the offer or issuance of such Additional Securities by the Company shall be deemed a new offering and the Company shall be required to give a separate Preemptive Notice with respect thereto.
No later than twenty (20) Business Days prior to the consummation of any proposed Transfer described in Section 7.1, the Company shall provide the Preemptive Notice to SOF.
The Preemptive Right shall be exercisable by written notice to the Company given within fifteen (15) Business Days after receipt of the Preemptive Notice (the “Election Notice”).