Common use of Rights of Co-Sale Clause in Contracts

Rights of Co-Sale. (a) None of the shareholders of the Company listed on the signature page hereof (the “Shareholders”) shall enter into any transaction that would result in the sale by it of any capital common stock of the Company now or hereafter owned by it, unless prior to such sale such Shareholder shall give written notice (the “Co-Sale Notice”) to Holder addressed and delivered as set forth in Section 16 hereof, of its intention to effect such sale in order that Holder may exercise its rights under this Section 13 as hereinafter described. Such notice shall set forth (i) the number of shares to be sold by such Shareholder, (ii) the principal terms of the sale, including the price at which the shares are intended to be sold, and (iii) an offer by such Shareholder to cause to be included with the shares to be sold by it in the sale, on a share-by- share basis and on the same terms and conditions, the Shares issuable or issued to Holder pursuant this Warrant.

Appears in 3 contracts

Samples: Employment Agreement (Accentia Biopharmaceuticals Inc), Employment Agreement (Accentia Biopharmaceuticals Inc), Employment Agreement (Accentia Biopharmaceuticals Inc)

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Rights of Co-Sale. (a) None of CO-SALE RIGHT. Neither Intellicall, Inc., Triad-ILD Partners, nor Xxxxxx Telecommunications, LLC ("Xxxxxx")(collectively, the shareholders of the Company listed on the signature page hereof (the “"Founding Shareholders") shall enter into any transaction that would result in the sale by it of any capital common stock of the Company now or hereafter owned by it, unless prior to such sale such Founding Shareholder shall give written notice (the “Co-Sale Notice”) to Holder addressed and delivered as set forth in Section 16 hereof, of its intention to effect such sale in order that Holder may exercise its rights under this Section 13 12 as hereinafter described. Such notice shall set forth (i) the number of shares to be sold by such Founding Shareholder, (ii) the principal terms of the sale, including the price at which the shares are intended to be sold, and (iii) an offer by such Founding Shareholder to use his best efforts to cause to be included with the shares to be sold by it in the sale, on a share-by- share basis and that number of Shares designated by Holder on the same terms and conditions, the Shares issuable or issued to Holder pursuant this Warrant.

Appears in 2 contracts

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

Rights of Co-Sale. (a) None of the The shareholders of the Company listed on the signature page hereof (the "Management Shareholders") shall not enter into any transaction that would result in the sale by him or it of any capital common stock of the Company now or hereafter owned by him or it, unless prior to such sale such Management Shareholder shall give written notice (the "Co-Sale Notice") to Holder addressed and delivered as set forth in Section 16 14 hereof, of his or its intention to effect such sale in order that Holder may exercise its rights under this Section 13 12 as hereinafter described. Such notice shall set forth (i) the number of shares to be sold by such Management Shareholder, (ii) the principal terms of the sale, including the price at which the shares are intended to be sold, and (iii) an offer by such Management Shareholder to use his or its best efforts to cause to be included with the shares to be sold by him or it in the sale, on a share-by- by-share basis and on the same terms and conditions, the Shares issuable or issued to Holder pursuant this Warrant.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Dreams Inc), Pledge and Security Agreement (Dreams Inc)

Rights of Co-Sale. (a) Co-Sale Right. None of the shareholders holders of Common Stock who are involved ------------- in the management of the Company listed on the signature page hereof (the “Shareholders”"Management Shareholder") shall enter into any transaction that would result in the sale by it such Management Shareholder of any capital common stock of the Company Common Stock now or hereafter owned by it, unless prior to such sale such Management Shareholder shall give written notice (the “Co-Sale Notice”) to Holder addressed and delivered as set forth in Section 16 hereof, of its intention to effect such sale in order that Holder may exercise its rights under this Section 13 12 as hereinafter described. Such notice shall set forth (i) the number of shares to be sold by such Management Shareholder, (ii) the principal terms of the sale, including the price at which the shares are intended to be sold, and (iii) an offer by such Management Shareholder to use such Management Shareholder's best efforts to cause to be included with the shares to be sold by it such Management Shareholder in the sale, on a share-by- by-share basis and on the same terms and conditions, the Shares issuable or issued to Holder pursuant this Warrant.

Appears in 1 contract

Samples: Stock Purchase (Webmd Inc)

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Rights of Co-Sale. (a) None of the shareholders of the Company listed on the signature page hereof Jxxx Xxxxx (the "Management/Venture Capital Shareholders") shall enter into any transaction that would result in the sale by it him of any capital common stock of the Company Common Stock now or hereafter owned by it, him unless prior to such sale such Management Shareholder shall give written notice (the "Co-Sale Notice") to Holder addressed and delivered as set forth in Section 16 14 hereof, of its intention to effect such sale in order that Holder may exercise its rights under this Section 13 12 as hereinafter described. Such notice shall set forth (i) the number of shares to be sold by such Management Shareholder, (ii) the principal terms of the sale, including the price at which the shares are intended to be sold, and (iii) an offer by such Management Shareholder to use his best efforts to cause to be included with the shares to be sold by it him in the sale, on a share-by- by-share basis and on the same terms and conditions, the Shares issuable or issued to Holder pursuant this Warrant.

Appears in 1 contract

Samples: Stock Purchase Warrant (Metrisa Inc)

Rights of Co-Sale. (a) None of the shareholders of the Company listed on the signature page hereof Morini Investments Limited Partnerships (the “Shareholders”) "Management Shareholder shall enter into any transaction that would result in the sale by it of any capital common stock of the Company Common Stock now or hereafter owned by it, unless prior to such sale such Management Shareholder shall give written notice (the "Co-Sale Notice") to Holder addressed and delivered as set forth in Section 16 14 hereof, of its intention to effect such sale in order that Holder may exercise its rights under this Section 13 12 as hereinafter described. Such notice shall set forth (i) the number of shares to be sold by such Management Shareholder, (ii) the principal terms of the sale, including the price at which the shares are intended to be sold, and (iii) an offer by such Management Shareholder to use its best efforts to cause to be included with the shares to be sold by it in the sale, on a share-by- by-share basis and on the same terms and conditions, the Shares issuable or issued to Holder pursuant this Warrant.

Appears in 1 contract

Samples: Stock Purchase Warrant (Galaxy Foods Co)

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