Common use of Acceptance of Preemptive Offer Clause in Contracts

Acceptance of Preemptive Offer. To accept a Preemptive Offer, in whole or in part, a New Stockholder must deliver a written notice to the Company prior to the end of the 30-day Preemptive Offer period, setting forth the portion of the New Stockholder's Pro Rata Amount that such New Stockholder elects to purchase (the "Notice of Acceptance").

Appears in 2 contracts

Sources: Stockholders' Agreement (Theglobe Com Inc), Stockholders' Agreement (Egan Michael S)