Common use of First Negotiation Rights Clause in Contracts

First Negotiation Rights. Subject to Sections 1.4 and 1.5, following the expi- ration of the two-year period after the date of this Agreement, a Shareholder may Transfer any or all Shares (or any interest therein) owned by it free and clear of all restrictions and other obligations imposed by this Agreement provided such Shareholder first complies with Section 1.

Appears in 3 contracts

Samples: Merger Agreement (Fairchild Industries Inc /De/), Merger Agreement (Rhi Holdings Inc), Merger Agreement (Fairchild Corp)

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First Negotiation Rights. Subject to Sections 1.4 and 1.5, following the expi- ration expiration of the two-year period after the date of this Agreement, a Shareholder may Transfer any or all Shares (or any interest therein) owned by it free and clear of all restrictions and other obligations imposed by this Agreement provided such Shareholder first complies with Section 1.

Appears in 1 contract

Samples: Shareholders' Agreement (Shared Technologies Inc)

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