Common use of Permitted Sales of Refused Securities Clause in Contracts

Permitted Sales of Refused Securities. In the event that a Notice of Acceptance is not given by the Subscriber in respect of all the Offered Securities, the Corporation shall have seventy-five (75) days from the end of said 14-day period to sell any such Offered Securities as to which a Notice of Acceptance has not been given by the Subscriber (the "Refused Securities") to the Person or Persons specified in the Offer, but only for cash and otherwise in all respects upon terms and conditions, including, without limitation, unit price and interest rates, which are no more favorable, in the aggregate, to such other Person or Persons or less favorable to the Corporation than those set forth in the Offer.

Permitted Sales of Refused Securities. In the event that a Notice of Acceptance is not given by the Subscriber Purchasers in respect of all the Offered Securities, the Corporation Company shall have seventy-five sixty (7560) days from the end expiration of said 14-day the period set forth in Section 6.1 to sell all or any part of such Offered Securities as to which a Notice of Acceptance has not been given by the Subscriber any Purchaser (the "Refused SecuritiesREFUSED SECURITIES") to the Person or Persons specified in the Offer, but only for cash and otherwise in all respects upon terms and conditions, including, without limitation, unit price and interest rates, which are no not more favorable, in unit price and interest rates, in the aggregate, to such other Person or Persons or less favorable to the Corporation Company than those set forth in the Offer.

Permitted Sales of Refused Securities. In the event that a Notice of Acceptance is not given by the Subscriber a Purchaser in respect of all the Offered Securities, the Corporation Company shall have seventy-five one hundred twenty (75120) days from the end expiration of said 14-day the period set forth in Section 6.1 to sell all or any part of such Offered Securities as to which a Notice of Acceptance has not been given by the Subscriber such Purchaser (the "Refused Securities") to the Person or Persons specified in the Offer, but only for cash and otherwise in all respects upon terms and conditions, including, without limitation, unit price and interest rates, which are no not more favorable, in the aggregate, favorable to such other Person or Persons or less favorable to the Corporation Company than those set forth in the Offer.

Permitted Sales of Refused Securities. In the event that a Notice Notices of Acceptance is are not given by the Subscriber - 34 - 35 Purchasers in respect of all the Offered Securities, the Corporation Company shall have seventy-five ninety (7590) days from the end of said 1420-day period to sell any such Offered Securities as to which a Notice of Acceptance has not been given by the Subscriber Purchasers (the "Refused Securities") to the Person or Persons specified in the Offer, but only for cash and otherwise in all respects upon terms and conditions, including, without limitation, unit price and interest rates, which are no more favorable, in the aggregate, to such other Person or Persons or less favorable to the Corporation Company than those set forth in the Offer.