Common use of Notice of Purchase Offers Clause in Contracts

Notice of Purchase Offers. Subject to the limitations of this Section 4, to the extent that the Company and the Major Investors have but do not exercise their respective Rights of First Refusal with respect to all or any part of the Offered Stock or the Remaining Shares, as applicable, pursuant to Section 3 hereof, then, each Major Investor who has not exercised its Right of First Refusal pursuant to Section 3.2 (a “Co-Sale Investor”) shall have the right (the “Co-Sale Right”) to participate in such sale of the Offered Stock which are not being purchased by the Company or the Major Investors pursuant to their respective Rights of First Refusal (“Residual Shares”) on the same terms and conditions as specified in the Transfer Notice. To the extent the Major Investors exercise such Co-Sale Right in accordance with the terms and conditions set forth below, the number of shares of Offered Stock that the Seller may sell or transfer in the transaction shall be correspondingly reduced.

Notice of Purchase Offers. Subject to the limitations of this Section 47, to the extent that the Company and the Major Investors have but do not exercise their respective Rights of First Refusal with respect to all or any part of the Offered Stock or the Remaining Shares, as applicable, pursuant to Section 3 6 hereof, then, each Major Investor who has not exercised its Right of First Refusal pursuant to Section 3.2 6.2 (a “Co-Sale Investor”) shall have the right (the “Co-Sale Right”) to participate in such sale of the Offered Stock which are not being purchased by the Company or the Major Investors pursuant to their respective Rights of First Refusal (“Residual Shares”) on the same terms and conditions as specified in the Transfer Notice. To the extent the Major Investors exercise such Co-Sale Right in accordance with the terms and conditions set forth below, the number of shares of Offered Stock that the Seller may sell or transfer in the transaction shall be correspondingly reduced.

Notice of Purchase Offers. Subject to the limitations of this Section 46, to the extent that the Company and the Major Qualified Investors have but do not exercise their respective Rights of First Refusal with respect to all or any part of the Offered Stock Shares or the Remaining Shares, as applicable, pursuant to Section 3 5 hereof, then, each Major Qualified Investor who has not exercised its Right of First Refusal pursuant to Section 3.2 5.2 (a “Co-Sale Qualified Investor”) shall have the right (the “Co-Sale Right”) to participate in such sale of the Offered Stock Shares which are not being purchased by the Company or the Major Qualified Investors pursuant to their respective Rights of First Refusal (“Residual Shares”) on the same terms and conditions as specified in the Transfer Notice. To the extent the Major Qualified Investors exercise such Co-Sale Right in accordance with the terms and conditions set forth below, the number of shares of Offered Stock that the Seller may sell or transfer in the transaction shall be correspondingly reduced.