Additional Equity Securities definition
Examples of Additional Equity Securities in a sentence
Each Common Member may elect to exercise its right pursuant to this Section 3.4(a) by delivering written notice to the Board no later than five days prior to the New Issue Date specifying the maximum number of Additional Equity Securities that such Common Member wishes to purchase (including the number of such Additional Equity Securities it would purchase if one or more other Common Members do not elect to purchase all of their respective Common Percentages).
On or before the New Issue Date, each Common Member exercising its rights under this Section 3.4(a) (an “Exercising Common Member”) shall pay to the Company the purchase price for such Additional Equity Securities in immediately available funds and upon receipt of such payment the Company shall issue such Additional Equity Securities to such Common Member.