Notice and Exercise of Rights Sample Clauses
The "Notice and Exercise of Rights" clause defines the procedures and requirements for a party to formally notify the other party when it intends to exercise a contractual right or option. Typically, this clause specifies the method of delivering notice (such as in writing or via email), the timeframe within which notice must be given, and any necessary information that must be included. For example, if a party wishes to terminate the agreement or exercise a purchase option, they must follow the steps outlined in this clause. Its core function is to ensure that both parties are clearly informed of important actions being taken under the contract, thereby reducing misunderstandings and disputes about whether rights have been properly exercised.
Notice and Exercise of Rights. If the Company at any time proposes or is required to register any of its Common Stock or any other Equity Securities under the Securities Act (other than a Demand Registration pursuant to Section 2.1 or a registration pursuant to Section 2.3), whether or not for sale for its own account, in a manner that would permit registration of Registrable Securities for sale for cash to the public under the Securities Act, subject to the last sentence of this Section 2.2(a), it shall at each such time give written notice (the “Piggyback Notice”), as promptly as reasonably practicable, to each Registration Party of its intention to do so, which Piggyback Notice shall specify the number of shares of such Common Stock or other Equity Securities to be included in such registration. Upon the written request of any Registration Party made within 10 days after receipt of the Piggyback Notice by such Person (which request shall specify the number of Registrable Securities intended to be disposed of), subject to the other provisions of this Article II, the Company shall effect, in connection with the registration of such Common Stock or other Equity Securities, the registration under the Securities Act of all Registrable Securities which the Company has been so requested to register; provided, that in no event shall the Company be required to register pursuant to this Section 2.2 any securities other than Common Stock. Notwithstanding anything to the contrary contained in this Section 2.2, the Company shall not be required to effect any registration of Registrable Securities under this Section 2.2 incidental to the registration of any of its securities on Forms S-4 or S-8 (or any similar or successor form providing for the registration of securities in connection with mergers, acquisitions, exchange offers, subscription offers, dividend reinvestment plans or stock option or other executive or employee benefit or compensation plans) or any other form that would not be available for registration of Registrable Securities.
Notice and Exercise of Rights. Holders shall receive written notice upon the actual issuance of the shares issued giving rise to the rights in this Article. Holders shall have 20 days after the date of such notice to notify the Issuer of their election to acquire the Note Holders' pro rata portion of any such equity securities and pay any required purchase amount.
Notice and Exercise of Rights. If the Company at any time proposes or is required to register any of its Common Stock or any other Equity Securities under the Securities Act (other than a Demand Registration pursuant to Section 2.1 or a registration pursuant to
Notice and Exercise of Rights. In the event the Company proposes to issue New Securities or to obtain any financing, it shall give ( and holders of any Common Stock received upon conversion of the Preferred Stock) and ▇▇▇▇▇▇▇▇▇ written notice of its intention, describing the type of New Securities to be issued or debt to be incurred, the price and general terms upon which the Company proposes to issue the same. In exercising their rights, . shall be given thirty (30) days from the receipt of such notice to agree to purchase or subscribe for such New Securities or make or arrange such loan, in whole or in part, at the same price and/or on the same terms as proposed.
Notice and Exercise of Rights. In the event the Company proposes to issue New Securities or to obtain any financing, it shall give to the Pioneer Partnership and any other holders of Preferred Stock (and holders of any Common Stock received upon conversion of the Preferred Stock) written notice of its intention, describing the type of New Securities to be issued or debt to be incurred, the price and general terms upon which the Company proposes to issue the same. In exercising their rights, the Pioneer Partnership (or, if applicable, the transferees of such Preferred Stock to whom shares of Preferred Stock have been assigned) shall be given thirty (30) days from the receipt of such notice to agree to purchase or subscribe for such New Securities or make or arrange such loan, in whole or in part, at the same price and/or on the same terms as proposed.