Common use of Seller's Right to Transfer Clause in Contracts

Seller's Right to Transfer. If the Stock proposed in the Seller Notice to be transferred is not purchased by the Company or its assignee as provided in this Section 4, then the Seller may sell or otherwise transfer such Stock to that Proposed Transferee at the Offered Price or at a higher price, provided that such sale or other transfer is consummated within 90 days after the date of the Seller Notice and provided further that any such sale or other transfer is effected in accordance with any applicable securities laws. If any Stock described in the Seller Notice is not transferred to the Proposed Transferee within such period, or if the Seller proposes to change the price or other terms to make them more favorable to the Proposed Transferee, a new Seller Notice shall be given to the Company and the other ROFR Investor, and the Company and/or its assignee shall again be offered the Right of First Refusal before any Stock held by the Seller may be sold or otherwise transferred.

Seller's Right to Transfer. If the Stock proposed in the Seller Notice to be transferred is not purchased by the Company or its assignee as provided in this Section 4, then the Seller may sell or otherwise transfer such Stock to that Proposed Transferee at the Offered Price or at a higher price, provided that such sale or other transfer is consummated within 90 days after the date of the Seller Notice and provided further that any such sale or other transfer is effected in accordance with any applicable securities laws. If any Stock described in the Seller Notice is not transferred to the Proposed Transferee within such period, or if the Seller proposes to change the price or other terms to make them more favorable to the Proposed Transferee, a new Seller Notice shall be given to the Company and the other ROFR Investor, and the Company and/or its assignee shall again be offered the Right of First Refusal before any Stock held by the Seller may be sold or otherwise transferred.