Common use of Co-Sale Right Clause in Contracts

Co-Sale Right. In the event that any Founder of any Founder Holding Company proposes to sell any or all of the number of Shares (the “Founders’ Offered Shares”), then the Remaining Shares shall be subject to co-sale rights under this Section 8.3 and each ROFR Holder who has not exercised any of its right of first refusal with respect to the Founders’ Offered Shares (the “Co-Sale Right Holder”) shall have the right, exercisable upon written notice to the Proposed ROFR Seller, the Company and each other Co-Sale Right Holder (the “Co-Sale Notice”) within ten (10) Business Days after receipt of First Refusal Expiration Notice (the “Co-Sale Right Period”), to participate in such sale of the Remaining Shares on the same terms and conditions as set forth in the ROFR Notice. The Co-Sale Notice shall set forth the number of Ordinary Shares that such Co-Sale Right Holder wishes to include in such sale or transfer, which amount shall not exceed the Co-Sale Pro Rata Portion (as defined below) of such Co-Sale Right Holder. To the extent one or more of the Co-Sale Right Holders exercise such right of participation in accordance with the terms and conditions set forth below, the number of Ordinary Shares that such Proposed ROFR Seller may sell in the transaction shall be correspondingly reduced. The co-sale right of each Co-Sale Right Holder shall be subject to the following terms and conditions:

Appears in 6 contracts

Samples: Preferred Share Purchase Agreement (ECMOHO LTD), Investors Rights Agreement (ECMOHO LTD), Share Subscription Agreement (ECMOHO LTD)

AutoNDA by SimpleDocs

Co-Sale Right. In the event that any Founder of any Founder Holding Company proposes to sell any or all Each of the number of Shares (the “Founders’ Offered Shares”), then the Remaining Shares shall be subject to coNon-sale rights under this Section 8.3 and each ROFR Holder who Selling Shareholders that has not exercised any of its right of first refusal with respect to any Offered Share proposed to be Transferred by the Founders’ Offered Shares Selling Shareholder (the “Co-Sale Right Holder”) shall have the right, exercisable upon written notice to the Proposed ROFR Seller, Selling Shareholder and the Company and each other Co-Sale Right Holder (the “Co-Sale Notice”) within ten twenty (1020) Business Days after receipt of the First Refusal Expiration Notice (the “Co-Sale Right Period”), to participate in such the sale of the Remaining Offered Shares on at the same price and subject to the same terms and conditions as set forth in the ROFR Transfer Notice. The Co-Sale Notice shall set forth the number of Ordinary Shares (on an as-converted basis) that such Co-Sale Right Holder wishes to include in such sale or transferTransfer, which amount shall not exceed the Co-Sale Pro Rata Portion (as defined below) of such Co-Sale Right Holder. To the extent one or more of the any Co-Sale Right Holders exercise Holder exercises such right of participation co-sale in accordance with the terms and conditions set forth below, the number of Ordinary the Offered Shares that such Proposed ROFR Seller the Selling Shareholder may sell in the transaction shall be correspondingly reduced. The co-sale right of each Co-Sale Right Holder shall be subject to the following terms and conditions:

Appears in 5 contracts

Samples: Investors’ Rights Agreement (Eve One Fund II L.P.), Investors’ Rights Agreement (Joy Capital Opportunity, L.P.), Investors’ Rights Agreement (Joy Capital Opportunity, L.P.)

Co-Sale Right. In the event that any Founder of any Founder Holding Company proposes to sell any or all Each of the number of Shares (the “Founders’ Offered Shares”), then the Remaining Shares shall be subject to coNon-sale rights under this Section 8.3 and each ROFR Holder who Selling Shareholders that has not exercised any of its right of first refusal with respect to any Offered Share proposed to be Transferred by the Founders’ Offered Shares Selling Shareholder (the “Co-Sale Right Holder”) shall have the right, exercisable upon written notice to the Proposed ROFR Seller, Selling Shareholder and the Company and each other Co-Sale Right Holder (the “Co-Sale Notice”) within ten twenty (1020) Business Days after receipt of the First Refusal Expiration Notice (the “Co-Sale Right Period”), to participate in such the sale of the Remaining Offered Shares on at the same price and subject to the same terms and conditions as set forth in the ROFR Transfer Notice. The Co-Sale Notice shall set forth the number of Class A Ordinary Shares (including Class A Ordinary Share Equivalents) that such Co-Sale Right Holder wishes to include in such sale or transferTransfer, which amount shall not exceed the Co-Sale Pro Rata Portion (as defined below) of such Co-Sale Right Holder. To the extent one or more of the any Co-Sale Right Holders exercise Holder exercises such right of participation co-sale in accordance with the terms and conditions set forth below, the number of Ordinary the Offered Shares that such Proposed ROFR Seller the Selling Shareholder may sell in the transaction shall be correspondingly reduced. The co-sale right of each Co-Sale Right Holder shall be subject to the following terms and conditions:

Appears in 4 contracts

Samples: Investors’ Rights Agreement (Uxin LTD), Investors’ Rights Agreement (Joy Capital Opportunity, L.P.), Investors’ Rights Agreement (Eve One Fund II L.P.)

Co-Sale Right. In To the event extent that any Founder of any Founder Holding Company proposes to sell any or all of the number of Shares (the “Founders’ Offered Shares”), then the Remaining Shares shall be subject to co-sale rights under this Section 8.3 and each ROFR Holder who has Ordinary Holders and/or Preferred Holders have not exercised any of its right of first refusal with respect to any or all the Founders’ Offered Shares or Preferred Offered Shares (in the “Co-Sale Right Holder”) event of a Preferred Offer), then each Preferred Holder shall have the right, exercisable upon written notice to the Proposed ROFR SellerSelling Shareholder or Preferred Selling Holder (in the event of a Preferred Offer), the Company and each other Co-Sale Right Preferred Holder (the “Co-Sale Notice”) within ten twenty (1020) Business Days days after receipt of the First Refusal Expiration Notice (the “Co-Sale Right Period”), to participate in such sale of the Remaining Offered Shares or Preferred Offered Shares on the same terms and conditions as set forth in the ROFR Transfer Notice. The Co-Sale Notice shall set forth the number of Company securities (on both an absolute and as-converted to Ordinary Shares basis) that such Co-Sale Right participating Preferred Holder wishes to include in such sale or transfer, which amount shall not exceed the Co-Sale Pro Rata Portion (as defined below) of such Co-Sale Right Preferred Holder. To the extent one or more of the Co-Sale Right Preferred Holders exercise such right of participation in accordance with the terms and conditions set forth below, the number of Ordinary Restricted Shares that such Proposed ROFR Seller the Selling Shareholder may sell sell, or the number of Preferred Offered Shares that the Selling Preferred Shareholder may sell, in the transaction shall be correspondingly reduced. The co-sale right of each Co-Sale Right Preferred Holder shall be subject to the following terms and conditions:

Appears in 4 contracts

Samples: Share Subscription Agreement (Le Gaga Holdings LTD), Shareholder Agreements (Le Gaga Holdings LTD), Share Subscription Agreement (Le Gaga Holdings LTD)

Co-Sale Right. In To the event extent that any Founder the Company and Preferred Holders have not exercised their right of any Founder Holding Company proposes first refusal with respect to sell any or all of the number of Shares (the “Founders’ Offered Shares”), then the Remaining Shares shall be subject to co-sale rights under this Section 8.3 and each ROFR Preferred Holder who which has not exercised any of its right of first refusal with respect to the Founders’ Offered Shares (the “Co-Sale Right Holder”) or waived his, her or its right in writing shall have the right, exercisable upon written notice to the Proposed ROFR SellerSelling Shareholder, the Company and each other Co-Sale Right Preferred Holder (the “Co-Sale Notice”) within ten twenty (1020) Business Days days after receipt of the First Refusal Expiration Notice (the “Co-Sale Right Period”), to participate in such the sale of the Remaining Shares shares held by such Preferred Holder on the same terms and conditions as set forth in the ROFR Transfer Notice, provided that each Preferred Holder may specifically waive his, her or its rights under this Section 4.4 in writing. The Co-Sale Notice shall set forth the number of Ordinary Shares that such the shares (“Co-Sale Right Shares”) (on both an absolute and as-converted to Ordinary Shares basis) that such participating Preferred Holder wishes to include in such sale or transfer, which amount shall not exceed the Co-Sale Pro Rata Portion (as defined below) of such Co-Sale Right Preferred Holder. To the extent one or more of the Co-Sale Right Preferred Holders exercise such right of participation co-sale in accordance with the terms and conditions set forth below, the number of Ordinary the Co-Sale Shares that such Proposed ROFR Seller the Selling Shareholder may sell in the transaction shall be correspondingly reduced. The co-sale right of each Co-Sale Right Preferred Holder shall be subject to the following terms and conditions:

Appears in 3 contracts

Samples: Shareholder Agreement (111, Inc.), Shareholder Agreement (111, Inc.), Shareholder Agreements (111, Inc.)

Co-Sale Right. In To the event extent that any Founder of any Founder Holding Company proposes to sell any or all of the number of Shares (the “Founders’ Offered Shares”), then the Remaining Shares shall be subject to co-sale rights under this Section 8.3 and each ROFR Holder who has Preferred Holders have not exercised any of its their right of first refusal with respect to the Founders’ any or all Offered Shares Shares, then each Preferred Holder that has not exercised its right of first refusal pursuant to Section 4.2 above (the each, a “Co-Sale Right Holder”) shall have the right, exercisable upon a written notice to the Proposed ROFR SellerSelling Shareholder, the Company and each other Co-Sale Right Preferred Holder (the “Co-Sale Notice”) within ten twenty (1020) Business Days days after receipt of the First Refusal Expiration Notice (the “Co-Sale Right Period”), to participate in such sale of the Remaining Offered Shares on the same terms and conditions as set forth in the ROFR Transfer Notice. The Co-Sale Notice given by a Co-Sale Right Holder shall set forth the number of Ordinary Shares Share Equivalents (on both an absolute and as-converted basis) that such Co-Sale Right Holder wishes to include in such sale or transfer, which amount shall not exceed the Co-Sale Pro Rata Portion (as defined below) of such Co-Sale Right Holder. To the extent one or more of the Co-Sale Right Holders exercise such co-sale right of participation in accordance with the terms and conditions set forth below, the number of Ordinary Shares Share Equivalents that such Proposed ROFR Seller the Selling Shareholder may sell in the transaction shall be correspondingly reduced. The co-sale right of each Co-Sale Right Holder shall be subject to the following terms and conditions:

Appears in 2 contracts

Samples: Shareholder Agreement (Lizhi Inc.), Shareholder Agreement (Lizhi Inc.)

Co-Sale Right. In To the event that any Founder of any Founder Holding extent the Company proposes to sell any or all of and the number of Shares (the “Founders’ Offered Shares”), then the Remaining Shares shall be subject to coROFR and Co-sale rights under this Section 8.3 and each ROFR Holder who has Sale Right Holders have not exercised any of its their right of first refusal with respect to all the Founders’ Offered Shares (the “Shares, then each ROFR and Co-Sale Right Holder”) Holder that has not exercised its right of first refusal provided in Section 4.3 above shall have the right, exercisable upon written notice to the Proposed ROFR SellerSelling Shareholder, the Company and each other ROFR and Co-Sale Right Holder (the “Co-Sale Notice”) within ten fifteen (1015) Business Days after receipt of the First Refusal Expiration Notice (the “Co-Sale Right Period”), to participate in such sale of the Remaining Offered Shares on at the same price and subject to the same terms and conditions as set forth in the ROFR Additional Transfer Notice. The Co-Sale Notice shall set forth the number of Company securities (on as-converted to Ordinary Shares basis) that such participating ROFR and Co-Sale Right Holder wishes to include in such sale or transferTransfer, which amount shall not exceed the Co-Sale Pro Rata Portion (as defined below) of such ROFR and Co-Sale Right Holder. To the extent one or more of the ROFR and Co-Sale Right Holders exercise such right of participation in accordance with the terms and conditions set forth below, the number of Ordinary Offered Shares that such Proposed ROFR Seller the Selling Shareholder may sell in the transaction shall be correspondingly reduced. The co-sale right of each ROFR and Co-Sale Right Holder shall be subject to the following terms and conditions:

Appears in 2 contracts

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

Co-Sale Right. In the event that any Founder of any Founder Holding Company proposes to sell any or all Each of the number of Shares (the “Founders’ Offered Shares”), then the Remaining Shares shall be subject to coNon-sale rights under this Section 8.3 and each ROFR Holder who Selling Shareholders that has not exercised any of its right of first refusal with respect to any Offered Share proposed to be Transferred by the Founders’ Offered Shares Selling Shareholder (the “Co-Sale Right Holder”) shall have the right, exercisable upon written notice to the Proposed ROFR Seller, Selling Shareholder and the Company and each other Co-Sale Right Holder (the “Co-Sale Notice”) within ten twenty (1020) Business Days after receipt of the First Refusal Expiration Notice (the “Co-Sale Right Period”), to participate in such the sale of the Remaining Offered Shares on at the same price and subject to the same terms and conditions as set forth in the ROFR Transfer Notice. The Co-Sale Notice shall set forth the number of Ordinary Shares (on an as-converted basis) that such Co-Sale Right Holder wishes to include in such sale or transferTransfer, which amount shall not exceed the Co-Sale Pro Rata Portion (as defined below) of such Co-Sale Right Holder. To the extent one or more of the Co-Sale Right Holders exercise Holder exercises such right of participation co-sale in accordance with the terms and conditions set forth below, the number of Ordinary the Offered Shares that such Proposed ROFR Seller the Selling Shareholder may sell in the transaction shall be correspondingly reduced. The co-sale right of each Co-Sale Right Holder shall be subject to the following terms and conditions:

Appears in 2 contracts

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

Co-Sale Right. In To the event that any Founder extent the Preferred Holders have not exercised their rights of any Founder Holding Company proposes first refusal with respect to sell any or all of the number Offered Shares pursuant to Section 6.3, each of Shares (the “Founders’ Offered Shares”), then the Remaining Shares shall be subject to co-sale rights under this Section 8.3 and each ROFR Holder who has Preferred Holders that did not exercised any of exercise its right of first refusal with respect to the Founders’ Offered Shares pursuant to Section 6.3 above (the each, a “Co-Sale Right Holder”) shall have the right, exercisable upon written notice to the Proposed ROFR Seller, Selling Shareholder and the Company and each other Co-Sale Right Holder (the “Co-Sale Notice”) within ten twenty (1020) Business Days days after receipt of the First Refusal Expiration Notice (the “Co-Sale Right Period”), to participate in such sale the Transfer of the Remaining outstanding Offered Shares to the Transferee at the same price and on the same material terms and conditions as set forth in the ROFR Transfer Notice; PROVIDED HOWEVER, that no Co-Sale Holder shall be obligated in connection with such Transfer (a) to pay any amount with respect to any liabilities arising from the representations and warranties made by it in excess of its share of the total consideration paid by the Transferee (b) to make any representations or warranties concerning the business or assets of the Group or any Group Company or (iii) enter into any non-competition or non-solicitation covenant or agreement. The Co-Sale Notice shall set forth the number of Ordinary Shares (on an as-converted but otherwise non-diluted basis at the time of the transaction) that such Co-Sale Right Holder wishes to include in such sale or transferTransfer, which amount shall not exceed the Co-Sale Pro Rata Portion (as defined below) of such Co-Sale Right Holder. To the extent one or more of the Co-Sale Right Holders exercise Holder exercises such right of participation co-sale in accordance with the terms and conditions set forth below, the number of Ordinary Offered Shares that such Proposed ROFR Seller the Selling Shareholder may sell in the transaction such Transfer shall be correspondingly reduced. The co-sale right of each Co-Sale Right Holder shall be subject to the following terms and conditions:

Appears in 2 contracts

Samples: Shareholder Agreement (Gracell Biotechnologies Inc.), Shareholder Agreement (Gracell Biotechnologies Inc.)

Co-Sale Right. In After delivery of a Transfer Notice, to the event extent that any Founder of any Founder Holding Company proposes to sell any or all of the number of Shares (the “Founders’ Offered Shares”), then the Remaining Shares shall be subject to co-sale rights under this Section 8.3 and each ROFR Holder who has Preferred Holders have not exercised any of its their right of first refusal (together with any right of re-allotment) with respect to all of the Founders’ Offered Shares (the “Co-Sale Right Holder”) Shares, each Preferred Holder shall have the a right, exercisable upon written notice (the "CO-SALE NOTICE") to the Proposed ROFR Seller, Selling Shareholder and the Company and each other Co-Sale Right Holder within thirty (the “Co-Sale Notice”30) within ten (10) Business Days days after receipt of the First Refusal Expiration Notice (the “Co"CO-Sale Right Period”SALE RIGHT PERIOD"), to participate in such the sale of the Remaining any remaining Offered Shares on the same terms and conditions as set forth specified in the ROFR NoticeTransfer Notice and, accordingly, to sell up to such number of Equity Securities (determined on an as-converted basis) in connection therewith as is equal to its Co-Sale Pro Rata Portion. The Co-Sale Notice shall set forth the number of Ordinary Shares Equity Securities that such Co-Sale Right Preferred Holder wishes to include in such sale or transfer, which amount shall not exceed pursuant to the Co-Sale Pro Rata Portion (as defined below) exercise of such Co-Sale Right Holder. To the extent one or more of the Co-Sale Right Holders exercise such its right of participation in accordance hereunder (together with any further participation amount). For purposes of this Section, each Preferred Holder's "CO-SALE PRO RATA PORTION" shall mean that number of Equity Securities held by it which is equal (on an as-converted basis) to the terms and conditions set forth belowproduct obtained by multiplying (x) the aggregate number of the Offered Shares (on an as-converted basis) subject to the co-sale right hereunder by (y) a fraction, the numerator of which is the number of Ordinary Shares that such Proposed ROFR Seller may sell in (on an as-converted basis) then owned by the transaction shall be correspondingly reduced. The coPreferred Holder and the denominator of which is the combined number of Ordinary Shares (on an as-sale right of each Co-Sale Right Holder shall be subject to converted basis) then owned by all Preferred Holders and the following terms and conditions:Selling Shareholder.

Appears in 1 contract

Samples: Shareholder Agreements (Focus Media Holding LTD)

Co-Sale Right. In To the event that any Founder extent the ROFR and Co-Sale Rights Holders have not exercised their Right of any Founder Holding Company proposes First Refusal with respect to sell any or all of the number of Shares (the “Founders’ Offered Shares”), then the Remaining Shares shall be subject to co-sale rights under this Section 8.3 and each ROFR and Co-Sale Rights Holder who that has not exercised any its Right of its First Refusal provided in Section 4.4 above shall have the right of first refusal with respect to the Founders’ Offered Shares (the “Co-Sale Right HolderRight) shall have the right), exercisable upon written notice to the Proposed ROFR SellerSelling Shareholder, the Company and each other ROFR and Co-Sale Right Rights Holder (the “Co-Sale Notice”) within ten fifteen (1015) Business Days days after receipt of the First Refusal Expiration Notice (the “Co-Sale Right Period”), to participate in such sale of the Remaining Offered Shares on at the same price and subject to the same terms and conditions as set forth in the ROFR Transfer Notice. The Co-Sale Notice shall set forth the number of Ordinary Shares Company securities (on an absolute and as converted basis) that such participating ROFR and Co-Sale Right Rights Holder wishes to include in such sale or transferTransfer, which amount shall not exceed the Co-Sale Pro Rata Portion (as defined below) of such ROFR and Co-Sale Right Rights Holder. To the extent one or more of the ROFR and Co-Sale Right Rights Holders exercise such right of participation in accordance with the terms and conditions set forth below, the number of Ordinary Offered Shares that such Proposed ROFR Seller the Selling Shareholder may sell in the transaction shall be correspondingly reduced. The co-sale right of each Co-Sale Right of each ROFR and Co-Sale Rights Holder shall be subject to the following terms and conditions:

Appears in 1 contract

Samples: Shareholder Agreement (17 Education & Technology Group Inc.)

AutoNDA by SimpleDocs

Co-Sale Right. In addition to the event that any Founder rights and obligations created by Section 2.1 hereof, if a proposed sale by a Shareholder (or group of any Founder Holding affiliated Shareholders) when considered with all other sales by such Shareholder (or its affiliates) involves the disposition of more than 2,000,000 shares of Company proposes Common Stock (and the Offered Shares are not being acquired by the Company or the other Shareholders pursuant to sell any or all of the number of Shares (the “Founders’ Offered Shares”Section 2.1 hereof), then the Remaining Shares shall be subject to co-sale rights under this Section 8.3 and each ROFR Holder Shareholder who has not exercised any of elected to exercise its right of first refusal with respect rights to purchase securities pursuant to Section 2.1 (each such non-purchasing Shareholder, a "NON-PURCHASING SHAREHOLDER" and collectively, the Founders’ Offered Shares (the “"NON-PURCHASING SHAREHOLDERS") shall have a Co-Sale Right Holder”) shall have the rightRight, exercisable upon written notice to the Proposed ROFR Seller, Company within fifteen (15) business days after the Company and each other Co-Sale expiration of the Right Holder (the “Co-Sale Notice”) within ten (10) Business Days after receipt of First Refusal Expiration Notice (the “Co-Sale Right Period”)Offer, to participate in such the ROFO Selling Shareholder's sale of the Remaining Shares Securities, on the same such terms and conditions as set forth in the ROFR NoticeROFO Selling Shareholder may agree with the purchaser. The Co-Sale Notice Right shall set forth apply to all Offered Securities (other than those sold to the Company or the other Shareholders pursuant to Section 2.1), i.e., if the proposed transfer involves a number of Ordinary Shares that shares which crosses the 2,000,000 shares threshold, the Co-Sale Right shall apply to all Offered Securities and not just those in excess of 2,000,000 shares. To the extent any Non-Purchasing Shareholders exercise such Co-Sale Right Holder wishes to include in such sale or transfer, which amount shall not exceed the Co-Sale Pro Rata Portion (as defined below) of such Co-Sale Right Holder. To the extent one or more of the Co-Sale Right Holders exercise such right of participation in accordance with the terms and conditions set forth below, the number of Ordinary Shares that such Proposed ROFR Seller Securities which the ROFO Selling Shareholder may sell in the transaction shall be correspondingly reduced. The co-sale right of each Co-Sale Right Holder of each Non-Purchasing Shareholder shall be subject to the following terms and conditions:

Appears in 1 contract

Samples: Shareholder Agreement (Metapath Software International Inc)

Co-Sale Right. In To the event extent that any Founder of any Founder Holding Company proposes to sell any or all of the number of Shares (the “Founders’ Offered Shares”), then the Remaining Shares shall be subject to co-sale rights under this Section 8.3 and each ROFR a Preferred Holder who has not exercised any of its right of first refusal with respect to all of its First Refusal Allocation of the Founders’ Offered Shares Shares, then the Preferred Holder who has not exercised its right of first refusal (the “Co-Sale Right Holder”) shall have the right, exercisable upon a written notice to the Proposed ROFR Seller, Selling Shareholder and the Company and each other Co-Sale Right Holder (the “Co-Sale Notice”) within ten twenty (1020) Business Days days after receipt of the First Refusal Expiration Notice (the “Co-Sale Right Period”), to participate in such sale of the Remaining Offered Shares that are the subject of the co-sale right on the same terms and conditions as set forth in the ROFR Transfer Notice. The Co-Sale Notice given by a Co-Sale Right Holder shall set forth the number of Ordinary Share Equivalents (on both an absolute and as-converted to Ordinary Shares basis) that such Co-Sale Right Holder wishes to include in such sale or transfer, which amount shall not exceed the Co-Sale Pro Rata Portion (as defined below) of such Co-Sale Right Holder. To the extent one or more of the a Co-Sale Right Holders exercise Holder exercises such co-sale right of participation in accordance with the terms and conditions set forth below, the number Selling Shareholder shall procure the prospective purchaser to acquire the Ordinary Share Equivalents that are the subject of Ordinary Shares that such Proposed ROFR Seller may sell in the transaction shall be correspondingly reducedCo-Sale Notice. The co-sale right of each a Co-Sale Right Holder shall be subject to the following terms and conditions:

Appears in 1 contract

Samples: Shareholder Agreement (AiHuiShou International Co. Ltd.)

Co-Sale Right. In To the event extent that any Founder of any Founder Holding Company proposes to sell any or all of the number of Shares (the “Founders’ Offered Shares”), then the Remaining Shares shall be subject to co-sale rights under this Section 8.3 and each ROFR Holder who has Ordinary Holders and/or Preferred Holders have not exercised any of its right of first refusal with respect to any or all the Founders’ Offered Shares or Preferred Offered Shares (in the “Co-Sale Right Holder”) event of a Preferred Offer), then each Preferred Holder shall have the right, exercisable upon written notice to the Proposed ROFR SellerSelling Shareholder of Preferred Selling Holder (in the event of a Preferred Offer), the Company and each other Co-Sale Right Preferred Holder (the “Co-Sale Notice”) within ten twenty (1020) Business Days days after receipt of the First Refusal Expiration Notice (the “Co-Sale Right Period”), to participate in such sale of the Remaining Offered Shares or Preferred Offered Shares on the same terms and conditions as set forth in the ROFR Transfer Notice. The Co-Sale Notice shall set forth the number of Company securities (on both an absolute and as-converted to Ordinary Shares basis) that such Co-Sale Right participating Preferred Holder wishes to include in such sale or transfer, which amount shall not exceed the Co-Sale Pro Rata Portion (as defined below) of such Co-Sale Right Preferred Holder. To the extent one or more of the Co-Sale Right Preferred Holders exercise such right of participation in accordance with the terms and conditions set forth below, the number of Ordinary Restricted Shares that such Proposed ROFR Seller the Selling Shareholder may sell sell, or the number of Preferred Offered Shares that the Selling Preferred Shareholder may sell, in the transaction shall be correspondingly reduced. The co-sale right of each Co-Sale Right Preferred Holder shall be subject to the following terms and conditions:

Appears in 1 contract

Samples: Share Subscription Agreement (Le Gaga Holdings LTD)

Co-Sale Right. In the event that any BVI Company or Founder of any Founder Holding Company (the “Co-Sale Selling Shareholder”) proposes to sell Transfer any Restricted Shares directly or all indirectly held by it to any third party (other than the existing Shareholders of the number Company) and the ROFR Holders have not exercised their right of first refusal with respect to any of the Offered Shares (the “Founders’ Offered SharesCo-Sale Holders”), then the Remaining remaining Offered Shares not subscribed for under the right of first refusal pursuant to Section 4.2 above shall be subject to co-sale rights under this Section 8.3 4.3 and each ROFR Holder who has not exercised any of its right of first refusal with respect to the Founders’ Offered Shares (the “Co-Sale Right Holder”) Holder shall have the right, exercisable upon written notice to the Proposed ROFR Seller, the Company and each other Co-Sale Right Holder Selling Shareholder and the Company (the “Co-Sale Notice”) within ten (10fifteen(15) Business Days days after receipt of First Refusal Expiration Notice (the “Co-Sale Right Period”), to participate in such sale of the Remaining Offered Shares on the same terms and conditions as set forth in the ROFR Transfer Notice. The Co-Sale Notice shall set forth the number of Ordinary Shares (on both an absolute and as-converted to Ordinary Shares basis) that such Co-Sale Right Holder wishes to include in such sale or transfer, which amount shall not exceed the Co-Sale Pro Rata Portion (as defined below) of such Co-Sale Right Holder. To the extent one or more of the Co-Sale Right Holders exercise such right of participation in accordance with the terms and conditions set forth below, the number of Ordinary Restricted Shares that such Proposed ROFR Seller Co-Sale Selling Shareholder may sell in the transaction shall be correspondingly reduced. The co-sale right of each Co-Sale Right Holder shall be subject to the following terms and conditions:

Appears in 1 contract

Samples: Shareholder Agreement (Genetron Holdings LTD)

Co-Sale Right. In (a) If the event that any Transferring Founder of any Founder Holding Company proposes to sell sell, pledge, or otherwise transfer Shares or any interest therein to any person or all entity, including another Shareholder, and the Company and the Investors have not elected to exercise their Right of the number First Refusal and Right of Shares (the “Founders’ Offered Shares”)Second Refusal under Sections 5.1 and 5.2 in full, then the Remaining Shares Company shall be subject to co-sale rights under this Section 8.3 and each ROFR Holder who has not exercised any of its right of first refusal with respect to the Founders’ Offered Shares (the “Co-Sale Right Holder”) shall have the right, exercisable upon give written notice to the Proposed ROFR Seller, the Company and each other Co-Sale Investor that did not exercise such Right Holder of Second Refusal (the “Co-Sale Notice”) within ten (10) Business Days after receipt setting forth the number of Shares as to which the Right of First Refusal Expiration Notice and Right of Second Refusal have not been exercised. Each such Investor shall have the right (the “Co-Sale Right PeriodRight”), exercisable upon written notice to the Transferring Founder within 10 days after the date the Co- Sale Notice is delivered to such Investor, to participate in such the sale of the Remaining Shares on the same terms and conditions as set forth in the ROFR Notice. The Co-Sale Notice shall set forth the number of Ordinary Shares that such Co-Sale Right Holder wishes Transferring Founder with respect to include in such sale or transfer, which amount shall not exceed the up to its Co-Sale Pro Rata Portion (as defined below) Share of such the Shares covered by the Co-Sale Notice; provided, however, that any Investor that is a Founder shall be deemed not to be an Investor for purposes of this Section 5. Notice of exercise of a Co-Sale Right Holdershall indicate the number of Shares an Investor wishes to sell under its Co-Sale Right. Any Investor that did not exercise its Right of Second Refusal may elect to sell all or some of the Shares then held by that Investor up to that Investor’s Co-Sale Pro Rata Share. To the extent one or more of the an Investor exercises its Co-Sale Right Holders exercise such right of participation in accordance with the terms and conditions set forth belowin this Section 5.3, the number of Ordinary Shares that such Proposed ROFR Seller the Transferring Founder may sell in the transaction shall be correspondingly reduced. The co-sale right of each Co-Sale Right Holder shall be subject to the following terms and conditions:.

Appears in 1 contract

Samples: Shareholder Agreements (E-Commerce China Dangdang Inc.)

Co-Sale Right. In To the event that any Founder of any Founder Holding Company proposes to sell any or all of extent the number of Shares (the “Founders’ Offered Shares”), then the Remaining Shares shall be subject to co-sale rights under this Section 8.3 and each ROFR Holder who has Preferred Holders have not exercised any of its their right of first refusal with respect to all the Founders’ Offered Shares to be Transferred by a Key Holder pursuant to Section 4.3, then each Preferred Holder that has not exercised its right of first refusal provided in Section 4.3 above (the “Co-Sale Right Holder”) shall have the right, exercisable upon written notice to the Proposed ROFR SellerSelling Shareholder, the Company and each other Co-Sale Right Holder (the “Co-Sale Notice”) within ten twenty (1020) Business Days after receipt of the First Refusal Expiration Notice (the “Co-Sale Right Period”), to participate in such sale of the Remaining Offered Shares on at the same price and subject to the same terms and conditions as set forth in the ROFR Transfer Notice. The Co-Sale Notice shall set forth the number of Ordinary Shares (on an as-converted basis) that such Co-Sale Right Holder wishes to include in such sale or transferTransfer, which amount shall not exceed the Co-Sale Pro Rata Portion (as defined below) of such Co-Sale Right Holder. To the extent one or more of the Co-Sale Right Holders exercise such right of participation in accordance with the terms and conditions set forth below, the number of Ordinary Offered Shares that such Proposed ROFR Seller the Selling Shareholder may sell in the transaction shall be correspondingly reduced. The co-sale right of each Co-Sale Right Holder shall be subject to the following terms and conditions:

Appears in 1 contract

Samples: Shareholder Agreements (Yatsen Holding LTD)

Co-Sale Right. In the event that any BVI Company or Founder of any Founder Holding Company (the “Co-Sale Selling Shareholder”) proposes to sell Transfer any or all Ordinary Shares held by it to any third party (other than the existing shareholders of the number Company) and the ROFR Holders have not exercised their right of first refusal with respect to any of the Offered Shares (the “Founders’ Offered SharesCo-Sale Holder”), then the Remaining remaining Offered Shares not subscribed for under the right of first refusal pursuant to Section 3.2 above shall be subject to co-sale rights under this Section 8.3 3.3 and each ROFR Holder who has not exercised any of its right of first refusal with respect to the Founders’ Offered Shares (the “Co-Sale Right Holder”) Holder shall have the right, exercisable upon written notice to the Proposed ROFR Seller, Selling Shareholder and the Company and each other Co-Sale Right Holder (the “Co-Sale Notice”) within ten fifteen (1015) Business Days days after receipt of First Refusal Expiration Notice (the “Co-Sale Right Period”), to participate in such sale of the Remaining Offered Shares on the same terms and conditions as set forth in the ROFR Transfer Notice. The Co-Sale Notice shall set forth the number of Ordinary Shares (on both an absolute and as-converted to Ordinary Shares basis) that such Co-Sale Right Holder wishes to include in such sale or transfer, which amount shall not exceed the Co-Sale Pro Rata Portion (as defined below) of such Co-Sale Right Holder. To the extent one or more of the Co-Sale Right Holders exercise such right of participation in accordance with the terms and conditions set forth below, the number of Ordinary Shares that such Proposed ROFR Seller Co-Sale Selling Shareholder may sell in the transaction shall be correspondingly reduced. The co-sale right of each Co-Sale Right Holder shall be subject to the following terms and conditions:

Appears in 1 contract

Samples: Shareholders Agreement (Genetron Holdings LTD)

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