Common use of Transfer of Offered Shares to Third Parties Clause in Contracts

Transfer of Offered Shares to Third Parties. If all notices required to be given pursuant to Section 3.1 have been duly given and the Company and/or the Stockholders determine not to exercise their respective options to purchase the Offered Shares at the Offer Price or determine to exercise their respective options to purchase less than all of the Offered Shares then the Selling Stockholder shall have the right, for a period of 120 calendar days from the earlier of (i) the expiration of the last applicable option period pursuant to Section 3.1 with respect to such Sale Proposal or (ii) the date on which such Selling Stockholder receives notice from all other Stockholders that they will not exercise in whole or in part the options granted pursuant to Section 3.1, to sell to any Third Party the Offered Shares remaining unsold at a price not less favorable than the Offer Price and on terms and conditions as favorable as offered to the Company and the Stockholders.

Transfer of Offered Shares to Third Parties. If all notices required to be given pursuant to Section 3.1 4.1 have been duly given and the Company and/or the Stockholders other stockholders determine not to exercise their respective options to purchase the Offered Shares at the Offer Price or determine to exercise their respective options to purchase less than all of the Offered Shares then the Selling Stockholder shall have the right, for a period of 120 calendar days from the earlier of (i) the expiration of the last applicable option period pursuant to Section 3.1 4.1 with respect to such Sale Proposal or (iiiii) the date on which such Selling Stockholder receives notice from all other Stockholders stockholders that they will not exercise in whole or in part the options granted pursuant to Section 3.14.1, to sell to any Third Party the Offered Shares shares remaining unsold at a price not less favorable than the Offer Price and on terms and conditions as favorable as offered to the Company and the Stockholdersother stockholders.