Preemptive. Rights of the Investor Stockholders and MJD Partners. In the case of the ---------------------------------------------------- proposed sale or issuance of, or the proposed granting by the Company of, any equity securities of the Company to any Person (other than any Excluded Shares) following the date hereof, then the Investor Stockholders and MJD Partners shall have the right, exercisable within 20 days after the Company has given notice to the Investor Stockholders and MJD Partners of such proposed sale, issuance or grant, to purchase all of the equity securities proposed to be issued or granted on the terms set forth in Sections 8.2, 8.3 and 8.4.
Appears in 2 contracts
Sources: Stockholders' Agreement (MJD Communications Inc), Stockholders' Agreement (MJD Communications Inc)