Common use of Sale of Securities by Founder Clause in Contracts

Sale of Securities by Founder. Within 60 days of the expiration of the period described in the first paragraph of Section 4.2, any Founders Shares covered by the Purchase Offer which the Eligible Investors have not elected to purchase may be sold by the Seller to the Purchasers on the terms and conditions of the Purchase Offer. If the Seller does not complete the sale of all Founders Shares covered by the Purchase Offer within such period, the rights of the Eligible Investors with respect to any such unsold Founders Shares shall be deemed to be revived.

Appears in 7 contracts

Samples: Rights Agreement (Fluidigm Corp), Rights Agreement (Fluidigm Corp), Preferred Stock Purchase Agreement (Fluidigm Corp)

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Sale of Securities by Founder. Within 60 45 days of the expiration of the period described in the first paragraph of Section 4.25.2, any Founders Shares covered by the Purchase Offer which the Eligible Investors have not elected to purchase may be sold by the Seller to the Purchasers on the terms and conditions of the Purchase Offer. If the Seller does not complete the sale of all Founders Shares covered by the Purchase Offer within such period, the rights of the Eligible Investors with respect to any such unsold Founders Shares shall be deemed to be revived.

Appears in 7 contracts

Samples: Rights Agreement (Fluidigm Corp), Rights Agreement (Fluidigm Corp), Preferred Stock Purchase Agreement (Fluidigm Corp)

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