Common use of Selling Stockholder's Right to Transfer Clause in Contracts

Selling Stockholder's Right to Transfer. If all of the Shares proposed in the Notice to be transferred to a given Proposed Transferee are not purchased by the Company and/or its assignee(s) as provided in this Section ,then the Selling Stockholder may sell or otherwise transfer such Shares to that Proposed Transferee at the Offered Price or at a higher price and on the Offer Terms, provided that such sale or other transfer is consummated within sixty (60) days after the date of the Notice and provided further that any such sale or other transfer is effected in accordance with any applicable securities laws and the Proposed Transferee agrees in writing that the provisions of this Section shall continue to apply to the Shares in the hands of such Proposed Transferee. If the Shares described in the Notice are not transferred to the Proposed Transferee within such period, a new Notice shall be given to the Company, and the Company and/or its assignees shall again be offered the Right of First Refusal before any Shares held by the Selling Stockholder may be sold or otherwise transferred.

Appears in 2 contracts

Samples: Right of First Refusal Agreement, Right of First Refusal Agreement (Amazon Com Inc)

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Selling Stockholder's Right to Transfer. If all of the Shares proposed in the Notice to be transferred to a given Proposed Transferee are not purchased by the Company and/or its assignee(s) as provided in this Section ,Section, then the Selling Stockholder may sell or otherwise transfer such Shares to that Proposed Transferee Transferred at the Offered Price or at a higher price and on the Offer Terms, provided that such sale or other transfer is consummated within sixty (60) days after the date of the Notice and provided further that any such sale or other transfer is effected affected in accordance with any applicable securities laws and the Proposed Transferee agrees in writing that the provisions of this Section shall continue to apply to the Shares in the hands of such Proposed Transferee. If the Shares described in the Notice are not transferred to the Proposed Transferee within such period, a new Notice shall be given to the Company, and the Company and/or its assignees shall again be offered the Right of First Refusal before any Shares held by the Selling Stockholder may be sold or otherwise transferred.

Appears in 1 contract

Samples: Right of First Refusal Agreement (Amazon Com Inc)

Selling Stockholder's Right to Transfer. If all of the Seller Shares proposed in the Notice to be transferred to a given Proposed Transferee are not purchased by the Company Buyer and/or its assignee(s) as provided in this Section ,2.6, then the Selling Stockholder Shareholder may sell or otherwise transfer such Seller Shares to that Proposed Transferee Transferred at the Offered Price or at a higher price and on the Offer Terms, provided that such sale or other transfer is consummated within sixty (60) 75 days after the date of the Notice and provided further that any such sale or other transfer is effected affected in accordance with any applicable securities laws and the Proposed Transferee agrees in writing that the provisions of this Section 2.6 shall continue to apply to the Seller Shares in the hands of such Proposed TransfereeTransferee in the event such Transfer was for less than all of the issued and outstanding shares of capital stock of Seller. If the Seller Shares described in the Notice are not transferred to the Proposed Transferee within such period, a new Notice shall be given to the CompanyBuyer, and the Company Buyer and/or its assignees shall again be offered the Right of First Refusal before any Seller Shares held by the Selling Stockholder Shareholder may be sold or otherwise transferred.

Appears in 1 contract

Samples: Share Purchase Agreement (Aerosonic Corp /De/)

Selling Stockholder's Right to Transfer. If all of the Shares proposed in the Notice to be transferred to a given Proposed Transferee are not purchased by the Company Artisan and/or its assignee(s) as provided in this Section ,Section, then the Selling Stockholder may sell or otherwise transfer such Shares to that Proposed Transferee Transferred at the Offered Price or at a higher price and on the Offer Terms, provided that such sale or other transfer is consummated within sixty (60) days after the date of the Notice and provided further that any such sale or other transfer is effected affected in accordance with any applicable securities laws and the Proposed Transferee agrees in writing that the provisions of this Section shall continue to apply to the Shares in the hands of such Proposed Transferee. If the Shares described in the Notice are not transferred to the Proposed Transferee within such period, a new Notice shall be given to the CompanyArtisan, and the Company Artisan and/or its assignees shall again be offered the Right of First Refusal before any Shares held by the Selling Stockholder may be sold or otherwise transferred.

Appears in 1 contract

Samples: Right of First Refusal Agreement (Stratus Services Group Inc)

Selling Stockholder's Right to Transfer. If all of the Shares proposed in the Notice to be transferred to a given Proposed Transferee are not purchased by the Company and/or its assignee(s) as provided in this Section ,, then the Selling Stockholder may sell or otherwise transfer such Shares to that Proposed Transferee at the Offered Price or at a higher price and on the Offer Terms, provided that such sale or other transfer is consummated within sixty (60) days after the date of the Notice and provided further that any such sale or other transfer is effected in accordance with any applicable securities laws and the Proposed Transferee agrees in writing that the provisions of this Section shall continue to apply to the Shares in the hands of such Proposed Transferee. If the Shares described in the Notice are not transferred to the Proposed Transferee within such period, a new Notice shall be given to the Company, and the Company and/or its assignees shall again be offered the Right of First Refusal before any Shares held by the Selling Stockholder may be sold or otherwise transferred.

Appears in 1 contract

Samples: Right of First Refusal Agreement (Amazon Com Inc)

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Selling Stockholder's Right to Transfer. If all of the Shares proposed in the Notice to be transferred to a given Proposed Transferee are not purchased by the Company and/or its assignee(s) as provided in this Section ,Section, then the Selling Stockholder may sell or otherwise transfer such Shares to that Proposed Transferee at the Offered Price or at a higher price and on the Offer Terms, provided that such sale or other transfer is consummated within sixty (60) [NUMBER] days after the date of the Notice and provided further that any such sale or other transfer is effected in accordance with any applicable securities laws and the Proposed Transferee agrees in writing that the provisions of this Section shall continue to apply to the Shares in the hands of such Proposed Transferee. If the Shares described in the Notice are not transferred to the Proposed Transferee within such period, a new Notice shall be given to the Company, and the Company and/or its assignees shall again be offered the Right of First Refusal before any Shares held by the Selling Stockholder may be sold or otherwise transferred.

Appears in 1 contract

Samples: Right of First Refusal Agreement

Selling Stockholder's Right to Transfer. If all of the Shares Units proposed in the Notice to be transferred to a given Proposed Transferee are not purchased by the Company and/or its assignee(s) the other Investor as provided set forth in this Section ,Section, then the Selling Stockholder may sell or otherwise transfer such Shares Units to that the Proposed Transferee at the Offered Price or at a higher greater price and on the Offer Terms, provided that such sale or other transfer is be consummated within sixty (60) days after the date of the Notice and provided further that any such sale or other transfer is effected in accordance with any applicable securities laws and the Proposed Transferee agrees in writing that the provisions of this Section shall continue to apply to the Shares Units in the hands of such Proposed Transferee. If the Shares Units described in the Notice are not transferred to the Proposed Transferee within such period, a new Notice right shall be given to the CompanyCompany and the other Investor, and the Company and/or its assignees and the other Investor shall again be offered the Right of First Refusal before any Shares Units held by the Selling Stockholder may be sold or otherwise transferred.

Appears in 1 contract

Samples: Unit Purchase Agreement (Monument Resources Inc)

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