Common use of Alternative Procedure Clause in Contracts

Alternative Procedure. In lieu of delivering a Company Notice to the Purchasers prior to the issuance of Equity Securities, as provided in this Section 9 above, the Company may elect first to issue Equity Securities to third parties and then to offer the Purchasers the opportunity to purchase from the Company the respective amounts of such Equity Securities to which they are entitled pursuant to this Section 9 (such that the Purchasers will be offered an amount in the aggregate equal to the sum of their Pro Rata Shares of the Equity Securities previously sold plus the such offered amounts). Such offer shall be made pursuant to a Company Notice (as defined above) and, except for the fact that the Company shall first have issued Equity Securities to third parties pursuant to this Section 9(f), the terms and provisions set forth in this Section 9 above shall apply.

Appears in 4 contracts

Samples: Investor Rights Agreement (Edgar Online Inc), Investor Rights Agreement (Draper Fisher Jurvetson Fund VIII L P), Investor Rights Agreement (Bain Capital Venture Integral Investors, LLC)

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