Subject Securities definition
Examples of Subject Securities in a sentence
The Subject Securities or Preferred Units purchased by the Investor Member pursuant to this Section 3.05 shall be purchased at a price and on other terms not less favorable to the Investor Member than the price and other terms at which such Subject Securities are proposed to be offered for sale or issuance to the third party.
The Company shall be under no obligation to consummate any proposed sale or issuance of Subject Securities, nor shall there be any liability on the part of the Company to the Investor Member, if the Company has not consummated any proposed sale or issuance of Subject Securities pursuant to this Section 3.05 for any reason whatsoever, regardless of whether it shall have delivered an Issuance Notice in respect of such proposed issuance.