Abandonment of Sale or Issuance. The Company shall have the right, in its sole discretion, at all times prior to consummation of any proposed issuance or sale giving rise to the participation right granted by Section 5.1, to abandon, rescind, annul, withdraw or otherwise terminate such issuance or sale, whereupon all participation rights in respect of such proposed issuance or sale shall become null and void, and the Company shall not have any liability or obligation to any Participant by virtue of such abandonment, rescission, annulment, withdrawal or termination.
Appears in 8 contracts
Samples: Shareholder Agreements (Carramerica Realty Corp), Stockholders Agreement (Hq Global Holdings Inc), Stockholders Agreement (Carramerica Realty Corp)
Abandonment of Sale or Issuance. The Company shall have the right, in its sole discretion, at all times prior to consummation of any proposed issuance or sale Transaction giving rise to the participation right granted by Section 5.1this Section, to abandon, rescind, annul, withdraw or otherwise terminate such issuance or saleTransaction, whereupon all participation rights in respect of such proposed issuance or sale Transaction pursuant to this Section shall become null and void, and the Company shall not have any liability or obligation to any Participant the Investors with respect thereto by virtue of such abandonment, rescission, annulment, withdrawal or termination.
Appears in 1 contract
Samples: Securities Purchase Agreement (Colony Financial, Inc.)
