Common use of Additional Sales Clause in Contracts

Additional Sales. If at any time prior to a proposed Transfer such member of the Spell Group wishes to Transfer a greater number of shares than that originally proposed, such member of the Spell Group shall notify each Holder immediately of the additional number of shares being proposed for Transfer. Each Holder may require the proposed transferee to purchase from such Holder a number of additional Warrant Shares (issued or represented by outstanding Warrants) determined in accordance with 6.3 (a) above but based upon the number of additional shares the proposed transferee desires to purchase. The additional tag-along rights provided by this Section 6.3(c) shall be exercised by any Holder within ten (10) Business Days following the date of the giving of the supplementary notice by such member of the Spell Group by delivery of written notice indicating its desire to exercise its additional rights under this Section 6.3(c) and the number of shares such Holder wishes to Transfer, if less than the number which such Holder is entitled to Transfer under Section 6.3(a) and this Section 6.3(c).

Appears in 2 contracts

Samples: Warrant Agreement (Pw Eagle Inc), Warrant Agreement (Eagle Pacific Industries Inc/Mn)

AutoNDA by SimpleDocs

Additional Sales. (i) If at any time prior to a proposed Transfer such member of the Spell Group Transfer, Xxxxxxx X. Xxxxx wishes to Transfer a greater number of shares than that originally proposed, such member of the Spell Group he shall notify each Holder immediately of the additional number of shares being proposed for Transfer. Each Holder may require the proposed transferee to purchase from such Holder a number of additional Warrant Shares (issued or represented by outstanding Warrants) determined in accordance with 6.3 (aSection 6.3(a)(i) above above, but based upon the number of additional shares the proposed transferee desires to purchase. The additional tag-along rights provided by this Section 6.3(c6.3(c)(i) shall be exercised by any Holder within ten (10) Business Days following the date of the giving of the supplementary notice by such member of the Spell Group Xxxxxxx X. Xxxxx by delivery of written notice indicating its desire to exercise its additional rights under this Section 6.3(c6.3(c)(i) and the number of shares such Holder wishes to Transfer, if less than the number which such Holder is entitled to Transfer under Section 6.3(a6.3(a)(i) and this Section 6.3(c6.3(c)(i).

Appears in 1 contract

Samples: Warrant Agreement (Pw Eagle Inc)

AutoNDA by SimpleDocs

Additional Sales. If at any time prior to a proposed Significant Transfer such member of the Permitted Spell Group wishes to Transfer a greater number of shares than that originally proposed, such member of the Permitted Spell Group shall notify each Holder immediately of the additional number of shares being proposed for Transfer. Each Holder may require the proposed transferee to purchase from such Holder a number of additional Warrant Shares (issued or represented by outstanding Warrants) determined in accordance with 6.3 (aSection 6.3(a)(ii) above above, but based upon the number of additional shares the proposed transferee desires to purchase. The additional tag-along rights provided by this Section 6.3(c6.3(c)(ii) shall be exercised by any Holder within ten (10) Business Days following the date of the giving of the supplementary notice by such member of the Permitted Spell Group by delivery of written notice indicating its desire to exercise its additional rights under this Section 6.3(c6.3(c)(ii) and the number of shares such Holder wishes to Transfer, if less than the number which such Holder is entitled to Transfer under Section 6.3(a6.3(a)(ii) and this Section 6.3(c6.3(c)(ii).”

Appears in 1 contract

Samples: Warrant Agreement (Pw Eagle Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!