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

Seller's Right to Transfer. If the Company and the Investors have not elected to purchase all of the Transfer Shares, then, subject to the Investors’ right of co-sale set forth in Section 1.6, the Seller may transfer the remaining Transfer Shares to any person named as a Transferee in the Seller’s Notice, at the Offered Price or a higher price, provided that such Transfer (a) is consummated within ninety (90) days after the expiration of all applicable periods set forth above in Section 1.3(b), (b) is on terms no more favorable than the terms proposed in the Seller’s Notice, and (c) is in accordance with all the terms of this Agreement. If the Transfer Shares are not so Transferred during such period, then the Seller may not Transfer any of such Transfer Shares without complying again in full with the provisions of this Agreement.

Appears in 2 contracts

Samples: Sale Agreement (Q2 Holdings, Inc.), Sale Agreement (Q2 Holdings, Inc.)

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Seller's Right to Transfer. If the Company and the Investors have not elected to purchase all of the Transfer Shares, then, subject to the Investors’ right of co-sale set forth in Section 1.6, the Seller may transfer the remaining Transfer Shares to any person named as a Transferee in the Seller’s Notice, at no less than the Offered Price or a higher pricePrice, provided that such Transfer (a) is consummated within ninety (90) 90 days after the expiration of all applicable periods set forth above in Section 1.3(b)above, (b) is on terms no more favorable to the Transferee than the terms proposed in the Seller’s Notice, and (c) is in accordance with all the terms of this Agreement. If the Transfer Shares are not so Transferred during such period, then the Seller may not Transfer any of such Transfer Shares without complying again in full with the provisions of this Agreement.

Appears in 1 contract

Samples: Adoption Agreement (RetailMeNot, Inc.)

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Seller's Right to Transfer. If the Company and the Major Investors have not elected to purchase all of the Transfer Shares, then, subject to then the Investors’ right Major Investors and the Company may not purchase any of co-sale set forth in Section 1.6, them and the Seller may transfer all of the remaining Transfer Shares to any person named as a Transferee in the Seller’s Notice, at the Offered Price or a higher price, provided that such Transfer (ai) is consummated within ninety (90) 90 days after the expiration of all applicable periods set forth above in Section 1.3(b)above, (bii) is on terms no more favorable than the terms proposed in the Seller’s Notice, and (ciii) is in accordance with all the terms of this Agreement. If the Transfer Shares are not so Transferred during such period, then the Seller may not Transfer any of such Transfer Shares without complying again in full with the provisions of this Agreement.

Appears in 1 contract

Samples: Adoption Agreement (Lpath, Inc)

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