Common use of Action Required Clause in Contracts

Action Required. A ROFR and Co-Sale Right Holder shall not have the right to purchase any of the Remaining Shares unless it exercises its right of first refusal within the Holder Election Period to purchase up to all, or any of its pro rata share, of the Remaining Shares.

Appears in 2 contracts

Samples: Shareholders Agreement (Ambrx Biopharma Inc.), Shareholders Agreement (Ambrx Biopharma Inc.)

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Action Required. A ROFR and Co-Sale Right Holder shall not have the right or obligation to purchase any of the Remaining Offered Shares unless it exercises its right of first refusal within the Holder Election First Refusal Period to purchase up to all, or any of its pro rata share, of the Remaining Offered Shares.

Appears in 2 contracts

Samples: Shareholder Agreement (Kanzhun LTD), Shareholder Agreement (Kanzhun LTD)

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Action Required. A ROFR and Co-Sale Right Holder shall not have the right to purchase any of the Remaining Offered Shares unless it exercises its right of first refusal within the Holder Election First Refusal Period to purchase up to all, or any of its pro rata share, of the Remaining Offered Shares.

Appears in 1 contract

Samples: Shareholder Agreement (I-Mab)

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