Common use of Binding Effect of Right of First Refusal Clause in Contracts

Binding Effect of Right of First Refusal. The Company’s Right of First Refusal shall inure to the benefit of the successors and assigns of the Company and shall be binding upon any transferee of Plan Shares other than a transferee acquiring Plan Shares in a transaction where the Company failed to exercise the Right of First Refusal (a “Free Transferee”) or a transferee of a Free Transferee.

Appears in 8 contracts

Samples: Stock Purchase Agreement (ConforMIS Inc), Incentive Stock Option Agreement (ConforMIS Inc), Nonqualified Stock Option Agreement (ConforMIS Inc)

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Binding Effect of Right of First Refusal. The Company’s 's Right of First Refusal shall inure to the benefit of the successors and assigns of the Company and shall be binding upon any transferee of Plan Shares other than a transferee acquiring Plan Shares in a bona fide arms-length transaction where the Company failed to exercise the Right of First Refusal (a "Free Transferee”) "), or a transferee of a Free Transferee.

Appears in 2 contracts

Samples: Patent Purchase Agreement (Atherogenics Inc), Patent Purchase Agreement (Atherogenics Inc)

Binding Effect of Right of First Refusal. The Company’s 's Right of First Refusal shall inure to the benefit of the successors and assigns of the Company and shall be binding upon any transferee of Plan Shares other than a transferee acquiring Plan Shares in a transaction where the Company failed to exercise the Right of First Refusal (a "Free Transferee") or a transferee of a Free Transferee.

Appears in 1 contract

Samples: Stock Purchase Agreement (Adknowledge Inc)

Binding Effect of Right of First Refusal. The Company’s Right of First Refusal shall inure to the benefit of the successors and assigns of the Company and shall be binding upon any transferee of Plan Shares other than a transferee acquiring Plan Shares in a transaction where the Company failed to exercise the Right of First Refusal (a “Free Transferee”) or a transferee of a Free Transferee.

Appears in 1 contract

Samples: Grantee Restriction Agreement (Volcano CORP)

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Binding Effect of Right of First Refusal. The Company’s Right of First Refusal shall inure will be to the benefit of the successors and assigns of the Company and shall will be binding upon any transferee of Plan Shares other than a bona fide transferee acquiring Plan Shares in a good faith transaction where the Company failed to exercise the Right of First Refusal (a “Free Transferee”) Refusal, or a transferee of a Free Transfereefrom such person.

Appears in 1 contract

Samples: Option Exercise and Stock Purchase Agreement

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