Common use of Rejection of Co-Sale Offer Clause in Contracts

Rejection of Co-Sale Offer. If Holder has not accepted such offer in writing within a period of ten (10) days from the date of receipt of the notice, then the Selling Shareholder shall thereafter be free for a period of ninety (90) days to sell the number of shares specified in such notice, at a price no greater than the price set forth in such notice and on otherwise no more favorable terms to the Selling Shareholder than as set forth in such notice, without any further obligation to Holder in connection with such sale. In the event that the Selling Shareholder fails to consummate such sale within such ninety-day period, the shares specified in such notice shall continue to be subject to this Section.

Appears in 6 contracts

Samples: Loan Agreement (Data National Corp), Stock Purchase Warrant (Mobility Electronics Inc), Stock Purchase Warrant (Paysys International Inc)

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Rejection of Co-Sale Offer. If Holder has not accepted such offer -------------------------- in writing within a period of ten (10) days from the date of receipt of the notice, then the Selling Shareholder shall thereafter be free for a period of ninety (90) days to sell the number of shares specified in such notice, at a price no greater than the price set forth in such notice and on otherwise no more favorable terms to the Selling Shareholder than as set forth in such notice, without any further obligation to Holder in connection with such sale. In the event that the Selling Shareholder fails to consummate such sale within such ninety-day period, the shares specified in such notice shall continue to be subject to this Section.

Appears in 2 contracts

Samples: Stock Purchase Warrant (M2direct Inc), Stock Purchase Warrant (M2direct Inc)

Rejection of Co-Sale Offer. If Holder has not accepted such offer in writing within a period of ten (10) days from the date of receipt of the notice, then the Selling such Founding Shareholder shall thereafter be free for a period of ninety (90) days to sell the number of shares specified in such notice, at a price no greater than the price set forth in such notice and on otherwise no more favorable terms to the Selling such Founding Shareholder than as set forth in such notice, without any further obligation to Holder in connection with such sale. In the event that the Selling such Founding Shareholder fails to consummate such sale within such ninety-day period, the shares specified in such notice shall continue to be subject to this Section.

Appears in 2 contracts

Samples: Stock Purchase Warrant (Ild Telecommunications Inc), Stock Purchase Warrant (Ild Telecommunications Inc)

Rejection of Co-Sale Offer. If such Holder has not accepted such offer in writing within a period of ten fifteen (1015) calendar days from the date of receipt of the noticenotice specified in subsection (a) of this Section, then the Selling Shareholder Stockholder shall thereafter be free for a period of ninety (90) days to sell the number of shares specified in such notice, at a price no greater than the price set forth in such notice and on otherwise no more favorable terms to the Selling Shareholder Stockholder than as set forth in such notice, without any further obligation to such Holder in connection with such sale. In the event that the Selling Shareholder Stockholder fails to consummate such sale within such ninety-day period, the shares specified in such notice shall continue to be subject to this SectionSection 3.

Appears in 1 contract

Samples: Investors' Rights Agreement (Home Solutions of America Inc)

Rejection of Co-Sale Offer. If Holder has not accepted such offer in writing within a period of ten often (10) days from the date of receipt of the noticenotice specified in subsection (a) of this Section, then the Selling Shareholder shall thereafter be free for a period of ninety (90) days to sell the number of shares specified in such notice, at a price no greater than the price set forth in such notice and on otherwise no more favorable terms to the Selling Shareholder than as set forth in such notice, without any further obligation to Holder in connection with such sale. In the event that the Selling Shareholder fails to consummate such sale within such ninety-day period, the shares specified in such notice shall continue to be subject to this Section.

Appears in 1 contract

Samples: Stock Purchase Warrant (Healthgate Data Corp)

Rejection of Co-Sale Offer. If Holder has not accepted such offer in writing within a period of ten (10) days from the date of receipt of the notice, then the Selling such Management Shareholder shall thereafter be free for a period of ninety (90) days to sell the number of shares specified in such notice, at a price no greater than the price set forth in such notice and on otherwise no more favorable terms to the Selling such Management Shareholder than as set forth in such notice, without any further obligation to Holder in connection with such sale. In the event that the Selling such Management Shareholder fails to consummate such sale within such ninety-day period, the shares specified in such notice shall continue to be subject to this Section.

Appears in 1 contract

Samples: Stock Purchase Warrant (Towne Services Inc)

Rejection of Co-Sale Offer. If Holder has not accepted such offer in writing within a period of ten (10) days from the date of receipt of the notice, then the Selling such Majority Shareholder shall thereafter be free for a period of ninety (90) days to sell the number of shares specified in such notice, at a price no greater than the price set forth in such notice and on otherwise no more favorable terms to the Selling such Majority Shareholder than as set forth in such notice, without any further obligation to Holder in connection with such sale. In the event that the Selling such Majority Shareholder fails to consummate such sale within such ninety-day period, the shares specified in such notice shall continue to be subject to this Section.

Appears in 1 contract

Samples: Stock Purchase Warrant (American Consolidated Laboratories Inc)

Rejection of Co-Sale Offer. If Holder has not accepted such offer -------------------------- in writing within a period of ten (10) days from the date of receipt of the notice, then the Selling such Management Shareholder shall thereafter be free for a period of ninety (90) days to sell the number of shares specified in such notice, at a price no greater than the price set forth in such notice and on otherwise no more favorable terms to the Selling such Management Shareholder than as set forth in such notice, notice without any further obligation to Holder in connection with such sale. In the event that the Selling such Management Shareholder fails to consummate such sale within such ninety-day period, the shares specified in such notice shall continue to be subject to this Section.

Appears in 1 contract

Samples: Stock Purchase Warrant (Master Graphics Inc)

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Rejection of Co-Sale Offer. If Holder holder has not accepted such offer in writing within a period of ten (10) days from the date of receipt of the notice, then the Selling such Management Shareholder shall thereafter be free for a period of ninety (90) days to sell the number of shares specified in such notice, at a price no greater than the price set forth in such notice and on otherwise no more favorable terms to the Selling such Management Shareholder than as set forth in such notice, without any further obligation to Holder in connection with such sale. In the event that the Selling such Management Shareholder fails to consummate such sale within such ninety-day period, the shares specified in such notice shall continue to be subject to this Section.

Appears in 1 contract

Samples: Stock Purchase Warrant (Merge Technologies Inc)

Rejection of Co-Sale Offer. If Holder Lender has not accepted such offer in writing within a period of ten (10) days from the date of receipt of the noticenotice specified in Section 7.03(a), then the Selling Shareholder shall thereafter be free for a period of ninety (90) days to sell the number of shares specified in such notice, at a price no greater than the price set forth in such notice and on otherwise no more favorable the terms to the Selling Shareholder than as set forth in such notice, without any further obligation to Holder Lender in connection with such sale. In the event that the Selling Shareholder fails to consummate such sale within such ninety90-day period, the shares specified in such notice shall continue to be subject to this SectionSection 7.03.

Appears in 1 contract

Samples: Loan Agreement (Interactive Magic Inc /Md/)

Rejection of Co-Sale Offer. If Holder a holder of Preferred Stock has not accepted such offer in writing within a period of ten (10) days from the date of receipt of the notice, then the Selling offering Shareholder shall thereafter be free for a period of ninety (90) 120 days to sell the number of shares specified in such notice, at a price no greater than the price set forth in such notice and on otherwise no more favorable terms to the Selling offering Shareholder than as set forth in such notice, notice without any further obligation to Holder the holders of Preferred stock in connection with such sale. In the event that the Selling such Shareholder fails to consummate such sale within such ninety120-day period, the shares specified in such notice shall continue to be subject to this SectionParagraph 11.

Appears in 1 contract

Samples: Voting and Shareholder Agreement (GTX Inc/Tn)

Rejection of Co-Sale Offer. If Holder has not accepted such offer -------------------------- in writing within a period of ten (10) days from the date of receipt of the notice, then the Selling such Management Shareholder shall thereafter be free for a period of ninety (90) days to sell the number of shares specified in such notice, at a price no greater than the price set forth in such notice and on otherwise no more favorable terms to the Selling such Management Shareholder than as set forth in such notice, without any further obligation to Holder in connection with such sale. In the event that the Selling such Management Shareholder fails to consummate such sale within such ninety-day period, the shares specified in such notice shall continue to be subject to this Section.

Appears in 1 contract

Samples: Stock Purchase Warrant (Webmd Inc)

Rejection of Co-Sale Offer. If Holder has not accepted such offer in writing within a period of ten (10) days from the date of receipt of the noticenotice specified in subsection (a) of this Section, then the Selling Shareholder shall thereafter be free for a period of ninety (90) days to sell the number of shares specified in such notice, at a price no greater than the price set forth in such notice and on otherwise no more favorable terms to the Selling Shareholder than as set forth in such notice, without any further obligation to Holder in connection with such sale. In the event that the Selling Shareholder fails to consummate such sale within such ninety-day period, the shares specified in such notice shall continue to be subject to this Section.

Appears in 1 contract

Samples: Stock Purchase Warrant (Interactive Magic Inc /Md/)

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