Common use of Method of Electing Sale; Allocation of Sales Clause in Contracts

Method of Electing Sale; Allocation of Sales. Except for the Released Shares or as otherwise provided in Section 6.01, no sale or transfer by any Shareholder of any shares of Capital Stock will be valid unless the transferee of such Capital Stock first agrees in writing to be bound by the same terms and conditions that apply to the Shareholder under this Agreement and the Warrant Agreement. In addition, before any shares of Capital Stock held, directly or indirectly, by any Shareholder may be sold or transferred to any Person, such Shareholder (as such, the "Selling Shareholder") will comply with the following provisions:

Appears in 2 contracts

Samples: Shareholder Agreement (Valuestar Corp), Shareholder Agreement (Seacoast Capital Partners LTD Partnership)

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Method of Electing Sale; Allocation of Sales. Except for the Released Shares or as otherwise provided in Section 6.01, no No sale or transfer by -------------------------------------------- any Shareholder Holder of any shares of Capital Stock of the Company will be valid unless the transferee of such Capital Stock first agrees in writing to be bound by the same terms and conditions that apply to the Shareholder such Holder under this Agreement and the Warrant Agreement. In addition, before any shares of Capital Stock of the Company held, directly or indirectly, by any Shareholder Holder may be sold or transferred to any Person, such Shareholder Holder (as such, the "Selling Shareholder") will comply with the following provisions:: -------------------

Appears in 2 contracts

Samples: Shareholders Agreement (Fresh America Corp), Shareholders Agreement (Fresh America Corp)

Method of Electing Sale; Allocation of Sales. Except for the Released Shares or as otherwise provided in Section 6.01, no No sale or transfer by any Shareholder of any shares of Capital Stock will be valid unless the transferee of such Capital Stock first agrees in writing to be bound by the same terms and conditions that apply to the Shareholder under this Agreement and the Warrant Purchase Agreement. In addition, before any shares of Capital Stock held, directly or indirectly, by any Shareholder may be sold or transferred to any Persona Person other than a Related Party, such the Shareholder (as such, the "Selling Shareholder") will comply with the following provisions:

Appears in 2 contracts

Samples: Shareholder Agreement (F Jotan LLC), Shareholder Agreement (Jotan Inc)

Method of Electing Sale; Allocation of Sales. Except for the Released Shares or as otherwise provided in Section 6.01, no No sale or transfer by any Shareholder of any shares of Capital Stock will be valid unless the transferee of such Capital Stock first agrees in writing to be bound by the same terms and conditions that apply to the Shareholder under this Agreement and the Warrant Priority Purchase Agreement. In addition, before any shares of Capital Stock held, directly or indirectly, by any Shareholder may be sold or transferred to any Persona Person other than a Related Party, such the Shareholder (as such, the "Selling Shareholder") will comply with the following provisions:

Appears in 1 contract

Samples: Priority Shareholder Agreement (Jotan Inc)

Method of Electing Sale; Allocation of Sales. Except for the Released Shares or as otherwise provided in Section 6.01, no No sale or -------------------------------------------- transfer by any Shareholder of any shares of Capital Stock will be valid unless the transferee of such Capital Stock first agrees in writing to be bound by the same terms and conditions that apply to the Shareholder under this Agreement and the Warrant Purchase Agreement. In addition, before any shares of Capital Stock held, directly or indirectly, by any Shareholder may be sold or transferred to any Persona Person other than a Related Party, such the Shareholder (as such, the "Selling ------- Shareholder") will comply with the following provisions:: -----------

Appears in 1 contract

Samples: Shareholder Agreement (Rice Partners Ii L P)

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Method of Electing Sale; Allocation of Sales. Except for the Released Shares or as otherwise provided in Section 6.01, no No sale or transfer by any the Shareholder of any shares of Capital Stock will be valid unless the transferee of such Capital Stock will first agrees agree in writing to be bound by the same terms and conditions that apply to the Shareholder under this Agreement and the Warrant Agreement. In addition, before any shares of Capital Stock held, directly or indirectly, by any the Shareholder may be sold or transferred to any Persona Person other than a Related Party, such the Shareholder (as such, the "Selling Shareholder") will comply with Section 6.04 or the following provisions:

Appears in 1 contract

Samples: Shareholder Agreement (Massic Tool Mold & Die Inc)

Method of Electing Sale; Allocation of Sales. Except for the Released Shares or as otherwise provided in Section 6.01, no No sale or transfer by any Shareholder of any shares of Capital Stock will be valid unless the transferee of such Capital Stock first agrees in writing to be bound by the same terms and conditions that apply to the Shareholder under this Agreement and the Warrant Agreement. In addition, before any shares of Capital Stock held, directly or indirectly, by any Shareholder may be sold or transferred to any Person, such Shareholder (as such, the "Selling Shareholder") will comply with the following provisions:

Appears in 1 contract

Samples: Shareholder Agreement (RSTW Partners Iii Lp)

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