Common use of Sales to Proposed Transferee Clause in Contracts

Sales to Proposed Transferee. If the Purchasing Parties do not purchase all of the Offered Shares, the Offered Shares not so purchased may be sold by the Selling Party at any time within 90 days after the date the Offer was made, subject to the provisions of Section 2.2 and 2.3. Any such sale shall be to the Proposed Transferee, at not less than the price and upon other terms and conditions, if any, not more favorable to the Proposed Transferee than those specified in the Offer. Any Offered Shares not sold within such 90-day period shall continue to be subject to the requirements of a prior offer pursuant to this Section 2.1. If Offered Shares are sold pursuant to this Section 2.1 to any purchaser who is not a party to this Agreement, the Offered Shares so sold shall no longer be subject to this Agreement.

Appears in 2 contracts

Samples: Stockholders Agreement (Viagrafix Corp), Stockholders Agreement (Viagrafix Corp)

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Sales to Proposed Transferee. If the Purchasing Parties Purchasers do not purchase all of the Offered Shares, the Offered Shares not so purchased may be sold by the Selling Party Offeror at any time within 90 one hundred twenty (120) days after the date the Offer was made, subject to the provisions of Section 2.2 Sections 3.2 and 2.33.5 below. Any such sale shall be to the Proposed Transferee, at not less than the price Offered Price and upon other terms and conditions, if any, not more favorable to the Proposed Transferee than those specified in the Offer. Any Offered Shares not sold within such 90-one hundred twenty (120) day period shall continue to be subject to the requirements of a prior offer pursuant to this Section 2.13.1. If Offered Shares are sold pursuant to this Section 2.1 3.1 to any purchaser transferee who is not a party to this Agreement, the Offered Shares so sold shall no longer be subject to this Agreement.

Appears in 2 contracts

Samples: Investor Rights Agreement, Investor Rights Agreement (Vocera Communications, Inc.)

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Sales to Proposed Transferee. If the Purchasing Parties do not ---------------------------- purchase all of the Offered Shares, the Offered Shares not so purchased may be sold by the Selling Party Offeror at any time within 90 ninety (90) days after the date the Offer was made, subject to the provisions of Section 2.2 Sections 3.2 and 2.33.3 below. Any such sale shall be to the Proposed Transferee, at not less than the price Offered Price and upon other terms and conditions, if any, not more favorable to the Proposed Transferee than those specified in the Offer. Any Offered Shares not sold within such 90-day period shall continue to be subject to the requirements of a prior offer pursuant to this Section 2.13.1. If Offered Shares are sold pursuant to this Section 2.1 3.1 to any purchaser who is not a party to this Agreement, the Offered Shares so sold shall no longer be subject to this Agreement.

Appears in 1 contract

Samples: Rights Agreement (Autoweb Com Inc)

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