Common use of Right to Refuse Purchase of Shares Clause in Contracts

Right to Refuse Purchase of Shares. Notwithstanding anything to the contrary in this Agreement, Arcadia has the option, exercisable at any time, to refuse to purchase Shares of Bioceres despite the delivery by Bioceres of a Funding Option Exercise Notice. Arcadia shall provide written notice of its election to not purchase Shares of Bioceres within fifteen (15) days of its receipt of the Funding Option Exercise Notice. If Arcadia refuses to purchase Shares of Bioceres pursuant to this Section 2.1, BUS A shall have the right to dissolve Verdeca in accordance with the terms of the Operating Agreement.