One can use Preemptive Election Form for both exercise and waiver to exercise.
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Notification with Respect to Preemptive Rights Sample Clauses
Each Stockholder will be sent an election form in the form of the Preemptive Election Form attached hereto as Schedule 1 inviting such Stockholder to make an election with respect to the exercise of his, her or its preemptive rights. The date on which such Forms are mailed to the Stockholders is referred to herein as the "Notification Date"
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Exercise of Preemptive Rights; Participation Notices. (i) Each Preemptive Rights Holder will have until 5:00 p.m. CDT on the date that is ten Business Days after the date of the Preemptive Rights Notice (the “Preemptive Rights Review Period”) to deliver written notice to the Company (a “Preemption Notice”) stating that such Preemptive Rights Holder and its Affiliates will purchase Offered Securities at the price and on the terms specified in the Preemptive Rights Notice. If the Company does not receive a Preemption Notice from a Preemptive Rights Holder before the end of the Preemptive Rights Review Period, then such Preemptive Rights Holder will be deemed to have declined the Offered Securities.