Examples of Preemptive Participants in a sentence
The closing date of the transactions contemplated by this Section 6(a) shall be as mutually agreed by the Company and the purchasing Preemptive Participants, but no earlier than thirty (30) days and no later than sixty (60) days after the receipt of the Offer Notice.
In Kenya one proactive supplier has participated in all four TGVCI projects and is convinced of the effectiveness of the health project with which they have collaborated, but other suppliers do not necessarily demonstrate such high levels of buy-in.
The number or amount of New Securities which the Preemptive Participants may purchase pursuant to this Section 4.1(a) shall be referred to as the “Offered Securities.” The preemptive purchase right provided in this Section 4.1(a) shall apply at the time of issuance or incurrence, as applicable, of any right, warrant or option or convertible or exchangeable security and not to the conversion, exchange or exercise thereof.
The closing of any purchase by any Preemptive Participants may be extended beyond the closing of the transaction described in the Issuance Notice to the extent necessary to obtain required governmental approvals and other required approvals, and the Company shall use its commercially reasonable efforts to obtain such approvals.
If for any reason the Company does not consummate the sale of such securities within the one hundred twenty (120) day period following the date of the Offer Notice, the rights provided hereunder shall be deemed to be revived and such securities shall not be offered unless first reoffered to the Preemptive Participants in accordance herewith.
To the extent any Preemptive Participant elects not to purchase such holder’s Pro Rata Share of New Securities, then such holder’s Pro Rata Share shall be allocated pro rata among the Preemptive Participants electing to purchase their Pro Rata Share of New Securities in a similar “as converted” basis to the extent such holders wish to purchase more than their full Pro Rata Share.
At any time during the 30-day period following the receipt of an Issuance Notice, the Preemptive Participants shall have the right to elect irrevocably to purchase up to their Preemptive Portion of the Preemptive Units at the purchase price set forth in the Issuance Notice and upon the other terms and conditions specified in the Issuance Notice by delivering a written notice to the Company.
If fewer than all of the Preemptive Participants elect to purchase their respective Participation Percentages of the Offered Interests, then the Company shall deliver a notice (a “Top-Up Notice”) to each Preemptive Participant electing to purchase its Participation Percentage of such Offered Interests (each a “Fully-Participating Holder”), which Top-Up Notice shall include the number of Offered Interests that remain unsubscribed (the “Additional Offered Interests”).