Common use of Failure to Exercise Right of Co Clause in Contracts

Failure to Exercise Right of Co. Sale; Additional Transfers. ---------------------------------------------------------- If no Stockholder elects to exercise its Right of Co-Sale, then the Transferor may, not later than 60 calendar days following delivery to the Remaining Stockholders of the Transfer Notice, conclude a Transfer of not less than all of the Transferor Securities covered by the Transfer Notice on terms and subject to conditions not more favorable to the Transferor than those described in the Transfer Notice. Any proposed Transfer of more securities by the Transferor shall again be subject to the Right of Co-Sale and shall require compliance by the Transferor with the procedures described in this Section 2.