Right of First Purchase. The Company hereby grants to the Purchasers ----------------------- the right of first purchase for a number of shares of the same class of New Securities (as defined below) which the Company may, from time to time, propose to sell and issue. Each Purchaser shall be entitled to purchase a number of shares of the class of New Securities sufficient to maintain its Pro Rata Ownership in the Company after taking into account the proposed
Appears in 1 contract
Sources: Series F Preferred Stock Purchase Agreement (Jetfax Inc)
Right of First Purchase. The Company hereby grants to Purchaser the Purchasers ----------------------- the right of to first purchase for a number of shares of the same class of New Securities (as defined belowin this paragraph 10.1) which the Company may, from time to time, propose to sell and issue. Each Purchaser shall be entitled to purchase a number of shares of the class of New Securities sufficient to maintain its Pro Rata Ownership in the Company after taking into account the proposedproposed issuance by the Company "Pro Rata Ownership" at any given time means the following ratio:
Appears in 1 contract
Sources: Series E Preferred Stock Purchase Agreement (Jetfax Inc)