Common use of Exercise of Purchase Rights Clause in Contracts

Exercise of Purchase Rights. Each Participating Stockholder must exercise its purchase rights hereunder within twenty (20) business days after receipt of the Subscription Right Notice. If all of the Proposed Securities offered to the Participating Stockholders are not fully subscribed by such Participating Stockholders, the remaining Proposed Securities will be reoffered to the Participating Stockholders purchasing their full allotment upon the terms set forth in this Section 1, until all such Proposed Securities are fully subscribed for or until all such Participating Stockholders have subscribed for all such Proposed Securities which they desire to purchase, except that such Participating Stockholders must exercise their purchase rights within ten (10) business days after receipt of all such reoffers. To the extent that the Company offers two or more securities in units, the Participating Stockholders must purchase such units as a whole and will not be given the opportunity to purchase only one of the securities making up such unit.

Appears in 3 contracts

Samples: Stockholders’ Agreement (Polypore International, Inc.), Stockholders’ Agreement (Polypore International, Inc.), Stockholders’ Agreement (Daramic, LLC)

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Exercise of Purchase Rights. Each Participating Stockholder must Investor may exercise its purchase rights hereunder within twenty (20) business days after receipt of the Subscription Right Notice. If all of the Proposed Securities offered to the Participating Stockholders Investors are not fully subscribed by such Participating StockholdersInvestors, the remaining Proposed Securities will be reoffered to the Participating Stockholders purchasing their full allotment Investors upon the terms set forth in this Section 1, until all such Proposed Securities are fully subscribed for or until all such Participating Stockholders Investors have subscribed for all such Proposed Securities which they desire to purchase, except that such Participating Stockholders Investors must exercise their purchase rights within ten (10) business days after receipt of all such reoffers. To the extent that the Company or its Subsidiary, as the case may be, offers two or more securities in units, the Participating Stockholders Investors must purchase such units as a whole and will not be given the opportunity to purchase only one of the securities making up such unit.

Appears in 2 contracts

Samples: Stockholders’ Agreement (Spheris Inc.), Stockholders' Agreement (Spheris Leasing LLC)

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Exercise of Purchase Rights. Each Participating Stockholder must exercise its purchase rights hereunder within twenty (20) business days after receipt of the Subscription Right Notice. If all of the Proposed Securities offered to the Participating Stockholders are not fully subscribed by such Participating Stockholders, the remaining Proposed Securities will be reoffered to the Participating Stockholders purchasing their full allotment upon the terms set forth in this Section 13, until all such Proposed Securities are fully subscribed for or until all such Participating Stockholders have subscribed for all such Proposed Securities which they desire to purchase, except that such Participating Stockholders must exercise their purchase rights within ten (10) business days after receipt of all such reoffers. To the extent that the Company Holdings offers two or more securities in units, the Participating Stockholders must purchase such units as a whole and will not be given the opportunity to purchase only one of the securities making up such unit.

Appears in 1 contract

Samples: Stockholders’ Agreement (Marathon Power Technologies Co)

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