Common use of Notice of Intended Disposition Clause in Contracts

Notice of Intended Disposition. In the event the Owner desires to ------------------------------ accept a bona fide third-party offer for any or all of the Purchased Shares (the shares subject to such offer to be hereinafter called, solely for the purposes of this Article VI, the "Target Shares"), Owner shall promptly (i) deliver to the Secretary of the Corporation written notice (the "Disposition Notice") of the offer and the basic terms and conditions thereof, including the proposed purchase price thereof, and (ii) provide satisfactory proof that the disposition of the Target Shares to the third party offeror would not be in contravention of the provision set forth in Articles II and III of this Agreement.

Appears in 2 contracts

Samples: Employee Stock Purchase Agreement (Viropharma Inc), Restricted Stock Purchase Agreement (Viropharma Inc)

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Notice of Intended Disposition. In the event the Owner desires to ------------------------------ accept a bona fide third-party offer for any or all of the Purchased Shares (the shares subject to such offer to be hereinafter called, solely for the purposes of this Article VI6, the "Target Shares"), the Owner shall promptly (ia) deliver to the Secretary of the Corporation Company written notice (the "Disposition Notice") of the offer and the basic terms and conditions thereof, including the proposed purchase price thereofprice, and (iib) provide satisfactory proof that the disposition of the Target Shares to the third third-party offeror would not be in contravention contravene the provisions of the provision set forth in Articles II 2 and III 3 of this Agreement.

Appears in 1 contract

Samples: Founder's Stock Purchase Agreement (Critical Path Inc)

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Notice of Intended Disposition. In the event the Owner desires to ------------------------------ accept a bona fide third-party offer for any or all of the Purchased Shares (the shares subject to such offer to be hereinafter called, solely for the purposes of this Article VIIV, the "Target Shares"), Owner shall promptly (i) deliver to the Secretary of the Corporation written notice (the "Disposition Notice") of the offer and the basic terms and conditions thereof, including the proposed purchase price thereofprice, and (ii) provide satisfactory proof that the disposition of the Target Shares to the third third-party offeror would not be in contravention of the provision set forth representations made by Optionee in Articles Article II and III of this Agreement.

Appears in 1 contract

Samples: Stock Option Agreement (HNC Software Inc/De)

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