Common use of Notice and Exercise of Rights Clause in Contracts

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. Holders shall receive written notice upon the actual issuance of the shares issued giving rise to the rights in this ArticleSection. Holders shall have 20 days after the date of such notice to notify the Issuer Parent of their election to acquire the Note Holders' pro rata portion of any such equity securities and pay any required purchase amount.