Examples of Preemptive Period in a sentence
If the Investor fails to send the Purchase Notice within the Preemptive Period, the Investor shall forfeit the right to participate in the purchase of the Offered Securities.
Note that the previous steps need to be completed in sufficient time so that steps 9 and 10 can be completed to meet the Annual Plan timelines.
The Investor may accept the Preemptive Offer by delivering to the Company a written notice (the "Purchase Notice") within the Preemptive Period.
Except for the comparative financial statements of the Group and of the Company as at 31 December 2010, the financial statements have not been audited or reviewed by the Company's auditors.
If, at the expiration date of the Pre-emptive Period, any Pre-emptive Right Holder has not exercised its Pre-emptive Right by giving an Pre-emptive Acceptance Notice to the Company, such holder shall be deemed to have waived all of its rights under this Section 5.16 with respect to, and only with respect to, the proposed issuance specified in such Issuance Notice.
Each such Stockholder will be entitled to purchase such securities at the same price, on the same terms (including, if more than one type of security is issued, the same proportionate mix of such securities), and at the same time as the securities are issued by delivery of irrevocable written notice (the "Election Notice") to the Company of such election within ten (10) days after delivery of the Issuance Notice (the "Preemptive Period").
To the extent such Stockholders do not elect to, or are not entitled to purchase all of the Offered Shares, then the Company may issue the remaining Offered Shares at a price and on terms no more favorable to the transferee(s) thereof specified in the Issuance Notice during the 120-day period following the Preemptive Period.
To the extent the Stockholders do not elect to, or are not entitled to, purchase all of the Preemptive Shares, then the Company may issue the remaining Preemptive Shares at a price and on terms no more favorable to the transferee(s) thereof specified in the Issuance Notice during the 120-day period following the Preemptive Period.
The Preemptive Offer shall remain open for a period of 20 days (the "Preemptive Period") from the date of its delivery unless earlier withdrawn by the Company as a result of termination by the Company of the proposed issuance, sale or exchange giving rise to the Preemptive Offer.
For a period of 120 days after the expiry of the Pre-emptive Period (inclusive), the Company may sell any Pre-emptive Securities with respect to which the Pre-emptive Rights of Pre-emptive Right Holders under this Section 5.16 were not exercised, at the same price per share and upon terms and conditions not less favorable to the Company than those specified in the Issuance Notice.