Common use of Acceptance of Co-Sale Offer Clause in Contracts

Acceptance of Co-Sale Offer. If Holder accepts such offer in writing within ten (10) day period, such acceptance shall be irrevocable unless the Selling Shareholder shall be unable to cause to be included in his sale the number of Shares of stock held by Holder and set forth in the written acceptance. In that event, the Selling Shareholder and Holder shall participate in the sale pro rata, with the Selling Shareholder and Holder each selling half the total number of such shares to be sold in the sale.

Appears in 3 contracts

Samples: Stock Purchase Warrant (Paysys International Inc), Loan Agreement (Data National Corp), Stock Purchase Warrant (Tanners Restaurant Group Inc)

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Acceptance of Co-Sale Offer. If Holder accepts such offer in writing within ten (10) day period, such acceptance shall be irrevocable unless the Selling Shareholder shall be unable to cause to be included in his sale the number of Shares of stock held by Holder and set forth in the written acceptance. In that event, the Selling Shareholder and Holder shall participate in the sale pro rata, with the Selling Shareholder and Holder each selling half the total number of such shares to be sold in the salerata based on their ownership.

Appears in 2 contracts

Samples: Stock Purchase Warrant (Mobility Electronics Inc), Stock Purchase Warrant (Mobility Electronics Inc)

Acceptance of Co-Sale Offer. If Holder accepts such offer in --------------------------- writing within ten (10) day period, such acceptance shall be irrevocable unless the Selling such Management Shareholder shall be unable to cause to be included in his sale the number of Shares of stock held by Holder and set forth in the written acceptance. In that event, the Selling such Management Shareholder and Holder shall participate in the sale pro rataequally, with the Selling such Management Shareholder and Holder each selling half the total number of such shares to be sold in the sale.

Appears in 2 contracts

Samples: Stock Purchase Warrant (Webmd Inc), Stock Purchase Warrant (Master Graphics Inc)

Acceptance of Co-Sale Offer. If Holder a holder of Preferred Stock accepts such offer in writing within the above stated ten (10) day period, such acceptance shall be irrevocable unless the Selling such Shareholder shall be unable to cause to be included in his sale the number of Shares shares of stock Preferred Stock held by Holder the accepting holder and set forth in the written acceptance. In that event, the Selling such Shareholder and Holder the accepting holders shall participate in the sale pro rataequally, with the Selling such Shareholder and Holder accepting holders each selling half a pro rata portion of the total number of such shares to be sold in the sale.

Appears in 1 contract

Samples: Voting and Shareholder Agreement (GTX Inc/Tn)

Acceptance of Co-Sale Offer. If Holder accepts Holdxx xxxepts such offer in writing within ten (10) day period, such acceptance shall be irrevocable unless the Selling Shareholder shall be unable to cause to be included in his sale the number of Shares of stock held by Holder Holdxx and set forth in the written acceptance. In that event, the Selling Shareholder and Holder shall participate in the sale pro rata, with the Selling Shareholder and Holder each selling half the total number of such shares to be sold in the sale.

Appears in 1 contract

Samples: Stock Purchase Warrant (Sirrom Funding Corp)

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Acceptance of Co-Sale Offer. If Holder accepts such offer in writing within ten (10) day period, such acceptance shall be irrevocable unless the Selling such Management Shareholder shall be unable to cause to be included in his sale the number of Shares of stock held by Holder and set forth in the written acceptance. In that event, the Selling such Management Shareholder and Holder shall participate in the sale pro rata, with the Selling such Management Shareholder and Holder each selling half that percentage of the total number shares offered for sale which is equal to their respective percentages of such shares of Common Stock owned by them compared to be sold in the salesum of Holder's Common Stock plus the selling Management Shareholder's Common Stock.

Appears in 1 contract

Samples: Stock Purchase Warrant (Merge Technologies Inc)

Acceptance of Co-Sale Offer. If the Holder accepts such offer in writing within ten a period often (10) day perioddays from the date of receipt of the notice specified in subsection (a) of this Section, such acceptance shall be irrevocable unless the Selling Shareholder shall be unable to cause to be included in his sale the number of Shares of stock held by the Holder and set forth in the written acceptance. In that event, the Selling Shareholder and the Holder shall participate in the sale pro rata, with on the basis of the Selling Shareholder and the Holder each selling half the total number of such shares to be sold in the sale.

Appears in 1 contract

Samples: Stock Purchase Warrant (Healthgate Data Corp)

Acceptance of Co-Sale Offer. If Holder accepts such offer in writing within ten (10) day period, such acceptance shall be irrevocable unless the Selling such Majority Shareholder shall be unable to cause to be included in his sale the number of Shares of stock held by Holder and set forth in the written acceptance. In that event, the Selling such Majority Shareholder and Holder shall participate in the sale pro rataequally, with the Selling such Majority Shareholder and Holder each selling half the total number of such shares to be sold in the sale.

Appears in 1 contract

Samples: Stock Purchase Warrant (American Consolidated Laboratories Inc)

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