Refused Securities. The Company may sell any New Securities not subscribed for by Purchaser in accordance with Sections 2.2 and 2.3 to any Person or Persons at a price not less, and upon terms no more favorable to the offeree, than those specified in the Offer Notice. To the extent such New Securities are not sold prior to the scheduled closing of the offering, such New Securities shall not be offered unless first reoffered to Purchaser in accordance with this ARTICLE 2.
Appears in 2 contracts
Sources: Shareholder Agreement (Lime Energy Co.), Shareholder and Investor Rights Agreement (Lime Energy Co.)