Common use of Company’s Exercise of Right Clause in Contracts

Company’s Exercise of Right. Upon expiration of the offering period described above, the Company will be free to sell such stock or securities which the Major D Shareholders entitled to purchase such stock or securities have not elected to purchase during the 180 days following such expiration on terms and conditions no more favorable to the purchasers thereof, in the aggregate, than those offered to such Major D Shareholders. Any stock or securities offered or sold by the Company after such 180-day period must be re-offered to the Major D Shareholders entitled to purchase such stock or securities pursuant to the terms of this Section 5.

Appears in 2 contracts

Samples: Stockholders Agreement (Advanced Communications Technologies Inc), Stockholders Agreement (Act-De LLC)

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Company’s Exercise of Right. Upon the expiration of the offering period described above, the Company will be free to sell such stock or securities which the Major D Shareholders Stockholders entitled to purchase such stock or securities have not elected to purchase during the 180 days following such expiration on terms and conditions no more favorable to the purchasers thereof, in the aggregate, than those offered to such Major D ShareholdersStockholders. Any stock or securities offered or sold by the Company after such 180-day period must be re-offered to the Major D Shareholders Stockholders entitled to purchase such stock or securities pursuant to the terms of this Section 5.

Appears in 2 contracts

Samples: Stockholder Agreement (Advanced Communications Technologies Inc), Stockholder Agreement (Act-De LLC)

Company’s Exercise of Right. Upon the expiration of the offering period described above, the Company will be free to sell such stock or securities which the Major D Shareholders Holders entitled to purchase such stock or securities have not elected to purchase during the 180 90 days following such expiration on terms and conditions no more favorable to the purchasers thereof, in the aggregate, than those offered to such Major D ShareholdersHolders. Any stock or securities offered or sold by the Company after such 18090-day period must be re-offered reoffered to the Major D Shareholders Holders entitled to purchase such stock or securities pursuant to the terms of this Section 5.

Appears in 1 contract

Samples: Stockholder Agreement (Twi Holdings Inc)

Company’s Exercise of Right. Upon the expiration of the offering period described above, the Company will be free to sell such stock or securities which the Eligible Major D Shareholders Holders entitled to purchase such stock or securities have not elected to purchase during the 180 ninety (90) days following such expiration on terms and conditions no more favorable to the purchasers thereof, in the aggregate, than those offered to such Eligible Major D ShareholdersHolders. Any stock or securities offered or sold by the Company after such 18090-day period must be re-offered reoffered to the Eligible Major D Shareholders Holders entitled to purchase such stock or securities pursuant to the terms of this Section 5.

Appears in 1 contract

Samples: Stockholder Agreement (Body Central Acquisition Corp)

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Company’s Exercise of Right. Upon the expiration of the offering period periods described above, the Company will be free to sell such stock or securities which the Major D Shareholders entitled to purchase such stock or securities Holders have not elected to purchase during the 180 60 days following such expiration on terms and conditions no more favorable to the purchasers thereof, in the aggregate, thereof than those offered to such the Major D ShareholdersHolders. Any stock or securities offered or sold by the Company after such 18060-day period must be re-offered reoffered to the Major D Shareholders entitled to purchase such stock or securities Holders pursuant to the terms of this Section 5ss.5.

Appears in 1 contract

Samples: Stockholder Agreement (Community Distributors Inc)

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