Common use of Partial Exercise of the First Refusal Right Clause in Contracts

Partial Exercise of the First Refusal Right. In the event the Company makes a timely exercise of the First Refusal Right with respect to a portion, but not all, of the Target Shares specified in the Disposition Notice, the Recipient shall have the option, exercisable by written notice to the Company delivered within five (5) business days after the Recipient's receipt of the Exercise Notice, to effect the sale of the balance of the Target Shares to the third-party offeror identified in the Disposition Notice, in full compliance with the requirements of Section 4.4, as if the Company did not exercise the First Refusal Right.