Common use of Consummation Clause in Contracts

Consummation. If the CORPORATION wishes to exercise the RIGHT OF FIRST REFUSAL, the CORPORATION shall so notify the HOLDER within 30 days of receiving the TRANSFER NOTICE and the CORPORATION shall thereupon consummate the sale of the TRANSFER SHARES to the CORPORATION for the FIRST REFUSAL PRICE and on the terms set forth in the TRANSFER NOTICE within 60 days of (i) receiving the TRANSFER NOTICE or (ii) within thirty (30) days of the determination of the FIRST REFUSAL PRICE pursuant to Section 4 below, whichever is later.