Common use of Sale to Third Party Purchaser Clause in Contracts

Sale to Third Party Purchaser. If neither the Company nor Packaging Investors exercises its right to purchase the Offered Shares pursuant to Section 4(b), the Selling Stockholder shall have the right to sell the Offered Shares to the Third-Party Purchaser at a price equal to or greater than the price set forth in the Transfer Notice, provided, that in the event the Selling Stockholder does not sell such Offered Shares at a price equal to or greater than the price set forth in the Transfer Notice within ninety (90) days after the date of the Transfer Notice, then the Offered Shares shall continue to be subject to the terms of this Agreement as if no Transfer Notice had been given.

Appears in 3 contracts

Samples: Stockholders Agreement (Packaging Dynamics Corp), Stockholders Agreement (Keystone Inc Et Al), Stockholders Agreement (DCBS Investors LLC)

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Sale to Third Party Purchaser. If neither the Company nor ----------------------------- Packaging Investors exercises its right to purchase the Offered Shares pursuant to Section 4(b), the Selling Stockholder shall have the right to sell the Offered Shares to the Third-Party Purchaser at a price equal to or greater than the price set forth in the Transfer Notice, provided, that in the event the -------- Selling Stockholder does not sell such Offered Shares at a price equal to or greater than the price set forth in the Transfer Notice within ninety (90) days after the date of the Transfer Notice, then the Offered Shares shall continue to be subject to the terms of this Agreement as if no Transfer Notice had been given.

Appears in 1 contract

Samples: Stockholders Agreement (Packaging Dynamics Corp)

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