Common use of Company Right Clause in Contracts

Company Right. If at any time a Shareholder desires (or is required) ------------- to sell or transfer in any manner any Shares (as hereinafter defined) pursuant to the terms of a bona fide offer received from a third party (a "Buyer"), the Shareholder shall submit a written offer to sell such Shares (the "Offered Shares") to the Company on terms and conditions, including price, not less favorable to the Company than those on which the Shareholder proposes to sell such Offered Shares to Buyer (the "Offer"). The Offer shall disclose the identity of the Buyer, the number of Offered Shares, the terms of the proposed sale or transfer and any other material facts relating to the sale or transfer. Within fifteen (15) days after receipt of the Offer, the Company shall give notice to the Shareholder of its intent to purchase all or some of the Offered Shares from the Shareholder on the terms and conditions set forth in the Offer.

Company Right. If at any time a Shareholder Stockholder desires (or is required) ------------- to sell or transfer in any manner any Shares (as hereinafter defined) pursuant to the terms of a bona fide offer received from a third party (a "Buyer"), the Shareholder such Stockholder shall submit a written offer to sell such Shares (the "Offered Shares") to the Company on terms and conditions, including price, not less favorable to the Company than those on which the Shareholder such Stockholder proposes to sell such Offered Shares to Buyer such third party (the "Offer"). The Offer shall disclose the identity of the Buyerproposed purchaser or transferee, the number of Offered Shares, the terms of the proposed sale or transfer and any other material facts relating to the sale or transfer. Within fifteen ten (1510) days after receipt of the Offer, the Company shall give notice to the Shareholder such Stockholder of its intent to purchase all or some of the Offered Shares from the Shareholder Stockholder on the terms and conditions set forth in the Offer.