Common use of Company’s Right to Sell Clause in Contracts

Company’s Right to Sell. The Company shall have 45 days after the 15-day period described in Section 3.3 hereof to sell all such New Securities respecting which the Major Investors’ rights of first refusal hereunder were not exercised, at a price equal to and upon terms no more favorable in any material respect to the purchasers thereof than those specified in the Company’s notice. In the event the Company has not sold all such New Securities within such 45 day period, the Company shall not thereafter issue or sell any New Securities without first notifying the Major Investors in the manner provided herein.

Appears in 2 contracts

Samples: Investor Rights Agreement (Aldagen Inc), Investor Rights Agreement (Aldagen Inc)

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Company’s Right to Sell. The Company shall have 45 60 days after the 1530-day period described in Section 3.3 4.3 hereof to sell all such New Securities respecting which the Major InvestorsEligible Holders’ rights of first refusal hereunder were not exercised, at a price equal to and upon terms no more favorable in any material respect to the purchasers thereof than those specified in the Company’s notice. In the event the Company has not sold all such New Securities within such 45 60-day period, the Company shall not thereafter issue or sell any New Securities without first notifying the Major Investors Eligible Holders in the manner provided herein.

Appears in 2 contracts

Samples: Investor Rights Agreement, Investor Rights Agreement (Aeglea BioTherapeutics, Inc.)

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Company’s Right to Sell. The Company shall have 45 60 days after the 15expiration of the 10-day period described in Section 3.3 2.3 hereof to sell all such New Securities respecting which the Major InvestorsHolders’ rights of first refusal hereunder were not exercised, at a price equal to and upon terms no more favorable in any material respect to the purchasers thereof than those specified in the Company’s notice. In the event the Company has not sold all such New Securities within such 45 60-day period, the Company shall not thereafter issue or sell any New Securities without first notifying the Major Investors Holders in the manner provided herein.

Appears in 1 contract

Samples: Investor Rights Agreement (Protagonist Therapeutics, Inc)

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