Common use of Obligation of Transferee to Purchase Clause in Contracts

Obligation of Transferee to Purchase. The Transferee of the ------------------------------------ Selling Stockholder shall purchase from the Tag-Along Stockholder the number of shares of Xxxxx Common Stock owned or controlled by the Tag-Along Stockholder that the Tag-Along Stockholder desires to require the Transferee to purchase (the "Tag-Along Shares"); provided, however, that the number of Tag-Along Shares ----------------- -------- ------- to be sold by each Tag-Along Stockholder shall not exceed the number of shares of Xxxxx Common Stock derived by multiplying (i) the aggregate number of shares of Xxxxx Common Stock covered by the Offer by (ii) a fraction the numerator of which is the number of shares of Xxxxx Common Stock owned by the Tag-Along Stockholder at the time of the Transfer and the denominator of which is the total number of shares of Xxxxx Common Stock held by the Stockholders at the time of the Transfer (the "Tag-Along Formula"). ------------------

Appears in 3 contracts

Samples: Exchange Agreement (Fargo Brian), Exchange Agreement (Titus Interactive S A), Exchange Agreement (Interplay Entertainment Corp)

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Obligation of Transferee to Purchase. The Transferee of the ------------------------------------ Selling Stockholder shall purchase from the Tag-Along Stockholder the number of shares of Xxxxx Common Company Stock owned or controlled by the Tag-Along Stockholder that the Tag-Along Stockholder desires to require the Transferee to purchase (the "Tag-Along Shares"); provided, however, that the number of Tag-Along Shares to ----------------- -------- ------- to be sold by each Tag-Along Stockholder shall not exceed the number of shares of Xxxxx Common Company Stock derived by multiplying (i) the aggregate number of shares of Xxxxx Common Company Stock covered by the Offer by (ii) a fraction the numerator of which is the number of shares of Xxxxx Common Company Stock owned by the Tag-Along Stockholder at the time of the Transfer and the denominator of which is the total number of shares of Xxxxx Common Company Stock held by the Stockholders at the time of the Transfer (the "Tag-Tag- --- Along Formula"). -------------------------------

Appears in 2 contracts

Samples: Stockholder Agreement (Titus Interactive S A), Stockholder Agreement (Interplay Entertainment Corp)

Obligation of Transferee to Purchase. The Transferee of the ------------------------------------ Selling Stockholder shall purchase from the Tag-Along Stockholder the number of shares of Xxxxx Common Company Stock owned or controlled by the Tag-Along Stockholder that the Tag-Along Stockholder desires to require the Transferee to purchase (the "Tag-Along --------- Shares"); provided, however, that the number of Tag-Along Shares ----------------- -------- ------- to be sold by ------ -------- ------- each Tag-Along Stockholder shall not exceed the number of shares of Xxxxx Common Company Stock derived by multiplying (i) the aggregate number of shares of Xxxxx Common Company Stock covered by the Offer by (ii) a fraction the numerator of which is the number of shares of Xxxxx Common Company Stock owned by the Tag-Along Stockholder at the time of the Transfer and the denominator of which is the total number of shares of Xxxxx Common Company Stock held by the Stockholders at the time of the Transfer (the "Tag-Along --------- Formula"). -------------------------

Appears in 1 contract

Samples: Stockholder Agreement (Fargo Brian)

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Obligation of Transferee to Purchase. The Transferee of the ------------------------------------ Selling Stockholder shall purchase from the Tag-Along Stockholder the number of shares of Xxxxx Common Company Stock owned or controlled by the Tag-Along Stockholder that the Tag-Along Stockholder desires to require the Transferee to purchase (the "Tag-Along Shares"); provided, however, that the number of Tag-Along Shares ----------------- to ---------------- -------- ------- to be sold by each Tag-Along Stockholder shall not exceed the number of shares of Xxxxx Common Company Stock derived by multiplying (i) the aggregate number of shares of Xxxxx Common Company Stock covered by the Offer by (ii) a fraction the numerator of which is the number of shares of Xxxxx Common Company Stock owned by the Tag-Along Stockholder at the time of the Transfer and the denominator of which is the total number of shares of Xxxxx Common Company Stock held by the Stockholders at the time of the Transfer (the "Tag-Tag- --- Along Formula"). -------------------------------

Appears in 1 contract

Samples: Stockholder Agreement (Titus Interactive S A)

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