Common use of Sales of Stock Clause in Contracts

Sales of Stock. The Eligible Parties shall give to Xxxxxx Xxxxxx, M.D. and any venture capital firm providing funds to the Management Company the right to participate on a pro rata basis (based on the number of shares, whether preferred or common, calculated on an as-converted basis, held by Xxxxxx Xxxxxx, M.D. and any such venture capital firm and by any other shareholders who hold the same rights that are conferred by this Section 9.12, including members of other physician groups) in any proposed sale of more than fifty percent (50%) of the stock in the Management Company held by the Eligible Parties to any unaffiliated third party or parties, and the Medical Group shall require the Eligible Parties to comply with the obligations set forth in this Section 9.12; provided, however, that the obligations under this Section 9.12 shall become null and void upon the consummation of an initial public offering of the Management Company's common stock.

Sales of Stock. The Eligible Parties shall give to Xxxxxx Xxxxxx, M.D. and any venture capital firm providing funds to the Management Company the right to participate on a pro rata basis (based on the number of shares, whether preferred or common, calculated on an as-converted basis, held by Xxxxxx Xxxxxx, M.D. and any such venture capital firm and by any other shareholders who hold the same rights that are conferred by this Section 9.129.10, including members of other physician groups) in any proposed sale of more than fifty percent (50%) of the stock in the Management Company held by the Eligible Parties to any unaffiliated third party or parties, and the Medical Group shall require the Eligible Parties to comply with the obligations set forth in this Section 9.129.10; provided, however, that the obligations under this Section 9.12 9.10 shall become null and void upon the consummation of an initial public offering of the Management Company's common stock.

Sales of Stock. The Eligible Parties shall give to Xxxxxx Xxxxxx, M.D. and any each venture capital firm providing funds to the Management Company and executing this Agreement the right to participate on a pro rata basis (based on the number of shares, whether preferred or common, calculated on an as-converted basis, held by Xxxxxx Xxxxxx, M.D. and any such venture capital firm and by any other shareholders stockholders who hold the same rights that are conferred by this Section 9.129.11, including members of other physician groups) in any proposed sale of more than fifty percent (50%) of the stock in the Management Company held by the Eligible Parties to any unaffiliated third party or parties, and the Medical Group shall require the Eligible Parties to comply with the obligations set forth in this Section 9.129.11; provided, however, that the obligations under this Section 9.12 9.11 shall become null and void upon the consummation of an initial public offering of the Management Company's common stock.