Grant of Co-Sale Rights Sample Clauses

Grant of Co-Sale Rights. If the Selling Founder proposes to enter into a transaction regarding the sale of Common Stock, the Investors shall have the right, exercisable upon written notice to the Selling Founder within thirty (30) days after receipt of the Selling Founder's Disposition Notice, to participate in such sale of the Target Stock on the same terms
AutoNDA by SimpleDocs
Grant of Co-Sale Rights. Each Stockholder (other than the Selling Major Stockholder) shall have the right, exercisable upon written notice to the Selling Major Stockholder within thirty days after receipt of the Selling Major Stockholder's Sale Notice, to participate in such sale of the Sale Shares on the same terms and conditions as those set forth in the Sale Notice. To the extent any other Stockholder exercises such right of participation (a "Participating Stockholder"), the number of shares of Sale Shares that the Selling Major Stockholder may sell in the transaction shall be correspondingly reduced. The right of participation of each Stockholder shall be subject to the terms and conditions set forth in this Section 6.2.
Grant of Co-Sale Rights. In the event that the Company does not exercise its right of first offer pursuant to Section 3.2 with respect to the Target Shares, then Xxxxxxxxx, the Xxxx Shareholders, WP and any of their Permitted Transferees , as the case may be (each a "Tag Along Seller"), shall have the right, exercisable upon written notice to the Transferring Shareholder within twenty (20) days after receipt of the Disposition Notice, to sell a number of shares of Stock owned by such Tag Along Seller to any third-party transferee of the Target Shares upon the same terms and conditions as the Transferring Shareholder and the Transferring Shareholder shall not consummate such sale of Target Shares except in compliance with this Section 3.6. Such written notice delivered to the Transferring Shareholder by such Tag Along Seller shall set forth the number of shares of Stock which such Tag Along Seller desires to sell to a third-party transferee, which number shall not exceed the product obtained by multiplying (i) the aggregate number of Target Shares, by (ii) a fraction, the numerator of which is the number of shares of Stock at the time owned by such Tag Along Seller and the denominator of which is the number of shares of Stock at the time owned by the Transferring Shareholder and such Tag Along Seller, collectively.
Grant of Co-Sale Rights. Each Stockholder (other than the Selling Stockholder) shall have the right, exercisable upon written notice to the Selling Stockholder within ten days after receipt of the Selling Stockholder's Sale Notice, to participate in such sale of the Sale Shares on the same terms and conditions as those set forth in the Sale Notice. To the extent any other Stockholder exercises such right of participation (a "Participating Stockholder") and the acquirer is not willing to acquire all of the shares to be sold by the Selling Stockholder and such other Stockholders, the number of shares of Sale Shares that the Selling Stockholder may sell in the transaction shall be correspondingly reduced. The right of participation of each Stockholder shall be subject to the terms and conditions set forth in this Section 5.02.
Grant of Co-Sale Rights. Except as set forth in Section 1.6 ----------------------- below, if the Investor proposes to enter into a transaction regarding the sale of any of the Company's outstanding Stock (the "Target Shares), the Holders shall have the right, exercisable upon written notice to the Investor within thirty (30) business days after receipt of such Investor's Co-Sale Notice, to participate in such sale of the Target Shares on the same terms and conditions as those set forth in the Co-Sale Notice. To the extent the Holders exercise such right of participation, the number of Target Shares that the Investor may sell in the transaction shall be correspondingly reduced. The right of participation of the Holders shall be subject to the terms and conditions set forth in this Section.
Grant of Co-Sale Rights. Subject to the provisions of Article III hereof, if a Transferring Founder proposes to enter into a transaction regarding the sale of Common Stock beneficially owned by such Transferring Founder, to the extent that the right of first refusal set forth under Article I is not exercised by the Investors, the Investors shall have the right, exercisable upon written notice to the Transferring Founder within thirty (30) days from the Trigger Date, to participate in such sale of the Common Stock on the same terms and conditions as those set forth in the Disposition Notice, and the Transferring Founder shall not consummate such sale of Stock except upon compliance with this Article II. To the extent any Investors exercise such right of participation in accordance with Section 2.1(b) hereunder, the number of shares of Common Stock that the Transferring Founder may sell in the transaction shall be correspondingly reduced.
Grant of Co-Sale Rights. The Xxxxxx Entities shall have the right, exercisable upon written notice to the Transferring Investor within fifteen (15) business days after receipt of the Investor Co-Sale Notice by the Xxxxxx Entities, to participate in the sale of the shares on the same terms and conditions as those set forth in the Investor Co-Sale Notice. The right of participation of the Xxxxxx Entities shall be subject to the terms and conditions set forth in this Section:
AutoNDA by SimpleDocs
Grant of Co-Sale Rights. (i) The Seller shall have the right, exercisable upon written notice delivered to the Purchaser prior to the expiration of ten (10) days from receipt of the Disposition Notice (the "Exercise Period"), to participate in the transfer of the Target Shares on the same terms and conditions as those set forth in the Disposition Notice. To the extent that the Seller exercises such right of participation, and to the extent that Xxxxxxx X. Xxxxxxxxx exercises his similar right of participation pursuant to that certain Stock Purchase Agreement, by and between Purchaser and Xx. Xxxxxxxxx, of even date herewith (the "Xxxxxxxxx SPA"), the number of shares of Target Shares that the Purchaser may sell in the transaction shall be correspondingly reduced. The right of participation of the Seller shall be effective from and after the consummation of the Buyout, if any, and subject to the terms and conditions set forth in this Section 7. ---------
Grant of Co-Sale Rights. Each Stockholder shall have the right, exercisable upon written notice to the Proposed Seller within 20 days after receipt of the Proposed Sellers' Sale Notice, to participate in such sale of the Sale Shares on the same terms and conditions as those set forth in the Sale Notice. To the extent any Stockholder exercises such right of participation (a "Participating Stockholder"), the number of shares of Sale Shares that the Proposed Sellers may sell in the transaction shall be correspondingly reduced. The right of participation of each Stockholder shall be subject to the terms and conditions set forth in this Section 6.2.
Grant of Co-Sale Rights. Each Investor shall have the right, exercisable upon written notice to the prospective transferor within fifteen (15) business days after receipt of a Disposition Notice, to participate in the sale of the Target Shares on the same terms and conditions as those set forth in the Disposition Notice. To the extent one or more Investors exercise such right of participation in accordance with the terms and conditions set forth below, the number of Target Shares that the prospective transferor(s) may sell in the transaction shall be correspondingly reduced.
Time is Money Join Law Insider Premium to draft better contracts faster.