Common use of First Refusal Exercise Notice Clause in Contracts

First Refusal Exercise Notice. Within 45 days after receipt of the ----------------------------- Transfer Notice (the "Option Period") the Company and/or its assigns shall have the right to purchase (the "Right of First Refusal") all or, as the case may be, encumber all, but not less than all of the Shares which are described in the Transfer Notice (the "Offered Shares") at the per share price or value and in accordance with the terms stated in the Transfer Notice, which Right of First Refusal shall be exercised by written notice (the "First Refusal Exercise Notice") to the Holder setting forth the number of Offered Shares the Company and/or its assigns elects to purchase or encumber, provided that the number equals all of the Offered Shares.

First Refusal Exercise Notice. Within 45 days after receipt of the ----------------------------- Transfer Notice (the "Option Period") the Company and/or its assigns shall have the right to purchase (the "Right of First Refusal") all or, as the case may be, encumber all, but not less than all all, of the Shares which are described in the Transfer Notice (the "Offered Shares") at the per share price or value and in accordance with the terms stated in the Transfer Notice, which Right of First Refusal shall be exercised by written notice (the "First Refusal Exercise Notice") to the Holder setting forth the number of Offered Shares the Company and/or its assigns elects to purchase or encumberpurchase, provided that the number equals all of the Offered Shares.

First Refusal Exercise Notice. Within 45 days after receipt of ----------------------------- the ----------------------------- Transfer Notice (the "Option Period") the Company and/or its assigns shall have the right to purchase (the "Right of First Refusal") all or, as the case may be, encumber all, but not less than all of the Shares which are described in the Transfer Notice (the "Offered Shares") at the per share price or value and in accordance with the terms stated in the Transfer Notice, which Right of First Refusal shall be exercised by written notice (the "First Refusal Exercise Notice") to the Holder setting forth the number of Offered Shares the Company and/or its assigns elects to purchase or encumber, provided that the number equals all of the Offered Shares.