Common use of Obligation to Sell Securities Clause in Contracts

Obligation to Sell Securities. (a) If FS Equity Partners IV, L.P., a Delaware limited partnership, ("FSEP IV") finds a third-party buyer for all shares of common stock of the Company held by it (whether such sale is by way of purchase, exchange, merger or other form of transaction), upon the request of FSEP IV, the Purchaser shall sell all of Purchaser's Shares for the same per share consideration (which may be less than the Purchase Price per share paid by Purchaser), and otherwise pursuant to the terms and conditions applicable to the FSEP IV for the sale of its shares of its common stock of the Company.

Appears in 4 contracts

Samples: Senior Executive Stock Subscription Agreement (Laralev Inc), Stock Subscription Agreement (Advance Auto Parts Inc), Stock Subscription Agreement (Laralev Inc)

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Obligation to Sell Securities. (a) If FS Equity Partners IV, L.P., a Delaware limited partnership, ("FSEP IV") finds a third-party buyer for all shares of common stock of the Company held by it (whether such sale is by way of purchase, exchange, merger or other form of transaction), upon the request of FSEP IV, the Purchaser Executive shall sell all of PurchaserExecutive's Shares for the same per share consideration (which may be less than the Purchase Price $16.82 per share paid by Purchasershare), and otherwise pursuant to the terms and conditions applicable to the FSEP IV for the sale of its shares of its common stock of the Company.

Appears in 1 contract

Samples: Restricted Stock Agreement (Advance Holding Corp)

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