Common use of Significant Transfer Clause in Contracts

Significant Transfer. Promptly upon its receiving notice or otherwise learning of a proposed Significant Transfer by Principal Shareholders, the Company shall deliver notice thereof to the Holder (such delivery date referred to herein is the "Notice Date"), specifying the terms of the transaction, including the date on which it is expected to occur (the "Transfer Date"), the consideration per share to be paid by the prospective purchaser, and a statement as to whether the Company or such Principal Shareholders desire the inclusion of this Warrant or Restricted Stock in the transaction. If inclusion is requested, the Holder shall thereupon have the obligation, and hereby agrees, to include this Warrant or such Restricted Stock in such Significant Transfer, PROVIDED (a) the purchase price thereof shall be no less than the "Purchase Price" specified and determined in (S) 12.1; (b) such purchase price shall be paid in cash and/or in immediately available funds, and (c) the Transfer Date shall occur within 60 days of the Notice Date.