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Common use of Sale to Third Party Clause in Contracts

Sale to Third Party. In the event that the Founding Stockholders or the Company do not elect to exercise their rights to purchase all of the Offered Shares under this Section 2.3, the Transferring Stockholder may sell the remaining balance of such Offered Shares to the Buyer on the terms and conditions set forth in the Offer Notice, subject to the provisions of Section 2.4. Notwithstanding the foregoing, in the event the Buyer does not purchase the Offered Shares within ninety (90) calendar days of the Offer Note, then the relevant provisions of Sections 2.3 shall apply.

Appears in 3 contracts

Samples: Stockholders Agreement (Ohia Development Corp), Shareholder Agreement (Global Manufacturers & Contractors, S.A.), Stockholders Agreement (Phoenix Realty, Inc.)

Sale to Third Party. In the event that the Founding Stockholders Stockholder or the Company do not elect to exercise their rights to purchase all of the Offered Shares under this Section 2.3, the Transferring Stockholder may sell the remaining balance of such Offered Shares to the Buyer on the terms and conditions set forth in the Offer Notice, subject to the provisions of Section 2.4. Notwithstanding the foregoing, in the event the Buyer does not purchase the Offered Shares within ninety (90) calendar days of the Offer Note, then the relevant provisions of Sections 2.3 shall apply.

Appears in 3 contracts

Samples: Stockholders Agreement (GreenKissNY, Inc.), Stockholders Agreement (GreenKissNY, Inc.), Stockholders Agreement (GreenKissNY, Inc.)

Sale to Third Party. In the event that the Founding Company and the Offeree Stockholders or the Company do not elect to exercise their the rights to purchase under this Section 3.03 with respect to all of the Offered Shares under this Section 2.3proposed to be sold, the Transferring Stockholder may sell the remaining balance of all such Offered Shares to the Buyer on the terms and conditions set forth in the Offer Notice, subject to the provisions of Section 2.4. Notwithstanding the foregoing, in the event the Buyer does not purchase the Offered Shares within ninety (90) calendar days of the Offer Note, then the relevant provisions of Sections 2.3 shall apply3.

Appears in 1 contract

Samples: Stockholders Agreement (Stockeryale Inc)

Sale to Third Party. In the event that the Founding Stockholders or Company and the Company Investors do not elect to exercise their the rights to purchase under this Section 2.2 with respect to all of the Offered Shares under this Section 2.3proposed to be sold, the Transferring Stockholder may sell the remaining balance of all such Offered Shares to the Buyer on the terms and conditions set forth in the Offer NoticeBuyer, subject to the provisions of Section 2.4. Notwithstanding the foregoing, in the event the Buyer does not purchase the Offered Shares within ninety (90) calendar days of the Offer Note, then the relevant provisions of Sections 2.3 shall apply2.

Appears in 1 contract

Samples: Stockholders Agreement (Ipg Photonics Corp)