ADDITIONAL PLACEMENT Sample Clauses
The 'Additional Placement' clause defines the conditions under which extra shares or securities may be issued or offered beyond the initial allocation. Typically, this clause outlines the process for determining the amount, timing, and terms of any additional placements, and may specify the parties authorized to approve or participate in such offerings. Its core practical function is to provide flexibility for the issuer to raise further capital if needed, while ensuring that all parties understand the procedures and limitations associated with issuing additional securities.
ADDITIONAL PLACEMENT. To the extent that AOL creates additional, substantial music-specific Content areas within portions of the AOL Service separate from the areas of the AOL Service noted above, AOL will consult in good faith with N2K regarding the establishment of "Buy Now" or other appropriate links from such areas to the Customized MB Site; provided that, to the extent AOL independently establishes any such specific links, such links will be subject to the approval of N2K, which will not be unreasonably withheld or delayed.
ADDITIONAL PLACEMENT. The Company shall not issue Series B Preferred Shares to any Additional Purchaser pursuant to the Additional Placement, unless such Additional Purchaser has (a) agreed in writing to be bound by the terms and conditions of this Agreement pursuant to an instrument substantially in the form attached hereto as Exhibit B-3 and (b) executed a Deed of Waiver substantially in the form attached hereto as Exhibit B-4, and copies of the documents referred to in (a) and (b) shall be given to the General Atlantic Shareholders. Upon becoming a party to this Agreement, such Additional Purchaser shall be deemed to be, and shall be subject to the same obligations as an Additional Purchaser Shareholder hereunder. Any issuance of Series B Preferred Shares in violation of this Section 5.3 shall be null and void ab initio. The Company may not issue any Series B Preferred Shares to an Additional Purchaser under the Additional Placement at any time after the date thirty (30) days following the date hereof.
ADDITIONAL PLACEMENT. The Company may consummate the Additional Placement, provided that:
(a) the terms and conditions of the Additional Placement, including without limitation, the terms of the Series B Preferred Shares, are reasonably acceptable to the Purchasers; and
(b) as a condition to the Additional Placement, the Additional Purchasers shall agree to waive all their rights, if any, to vote separately as a class with respect to any matters or actions varying the rights attached to the Series B Preferred Shares.
ADDITIONAL PLACEMENT. (a) BVF acknowledges that on or after the Completion Date, the Company may issue further shares to other Shareholders pursuant to placements of up to 24,338,670 Shares at a price per Share which is equal to the Subscription Price.
(b) The Company agrees that any Shares which are offered to other Shareholders for issue under clause 6.1(a), but which are not subscribed for by those other Shareholders, may be subscribed for by BVF or a Permitted Subscriber on the same terms and conditions as apply to the subscription of the Placement Shares under this document, subject to any such acquisition complying with the Corporations Act.
(c) The Company must notify BVF as soon as practicable after the Shares referred to in clause 6.1(b) are not subscribed for by the other Shareholders, so as to enable BVF to exercise its rights under clause 6.1(b).