Common use of Offering Procedure Clause in Contracts

Offering Procedure. Before any Additional Capital is ------------------ issued or sold following the approval of such issuance and sale by the Company Board and stockholders, the Company shall give each Consenting Stockholder a notice (the "Subscription Notice") which shall (i) state the terms of the Additional Capital and the conditions on which it will be issued and sold and (ii) offer each Consenting Stockholder the opportunity to subscribe for such Additional Capital up to its Pro Rata Share during the twenty days after the date of the __________ [*] Confidential Treatment Requested.