Common use of STOCKHOLDERS' RIGHT OF FIRST REFUSAL Clause in Contracts

STOCKHOLDERS' RIGHT OF FIRST REFUSAL. The non-Selling Stockholder will have a right of first refusal (the "RIGHT OF FIRST REFUSAL") to purchase any portion of the Offered Securities made available for purchase in the manner provided in this Section 8.2 unless (a) the Offered Securities are to be sold in a private sale to one purchaser, in which case the non-Selling Stockholder will only be permitted to exercise its Right of First Refusal if it purchases all of the Offered Securities, or (b) the Selling Stockholder is selling the Offered Securities through a registered offering and the quantity of Offered Securities that the non-Selling Stockholder