COMPANY'S INITIAL RIGHT Sample Clauses
The "Company's Initial Right" clause establishes the company's priority or exclusive right to take a specific action or make a decision before others are permitted to do so. In practice, this might mean the company has the first opportunity to purchase shares, enter into a contract, or exercise an option before such rights are offered to other parties. This clause ensures the company can protect its interests and maintain control over key decisions or assets, thereby preventing third parties from intervening prematurely or without the company's input.
COMPANY'S INITIAL RIGHT. The Company has the right of first refusal to purchase any or all of the Offered Stock, if the Company gives written notice of the exercise of such right to the Seller within fifteen (15) days after the date of its receipt of the Seller’s Notice to the Company (the “Company’s Refusal Period”). If the Company does not desire to purchase all of the Offered Stock, within ten (10) days after expiration of the Company’s Refusal Period, the Company will give written notice to each Investor, specifying the number of shares of Offered Stock not subscribed for by the Company through exercise of its Right of First Refusal (the “Company’s Notice”).
COMPANY'S INITIAL RIGHT. The Company shall have the right of first refusal to purchase all or any part of the Offered Stock, if the Company gives written notice of the exercise of such right to the Seller within ten days (the "COMPANY'S REFUSAL PERIOD") after the date on which the Seller's Notice is received by the Company, PROVIDED THAT if the Company is not ready and willing to consummate the purchase within 20 days after the date on which the Seller's Notice is received by the Company, the Company's refusal right shall be deemed to be waived for such sale by Seller. If the Company desires to purchase less than all of the Offered Stock, within ten days after expiration of the Company's Refusal Period, the Company will give written notice to each Preferred Holder specifying the number of shares of Offered Stock that were not subscribed by the Company exercising its Right of First Refusal (the "COMPANY'S NOTICE").