Common use of Transfers by a Stockholder Clause in Contracts

Transfers by a Stockholder. (a) Except for the sale of securities contemplated by Article IV and transfers permitted by Section 2.2, if any Stockholder shall desire to transfer any shares of the Company Common Stock owned by it (such Stockholder desiring to transfer shares of the Company Common Stock being referred to herein as a "Selling Stockholder"), then such Selling Stockholder shall deliver written notice of its desire to transfer shares other than to a Permitted Transferee (a "Notice of Intention"), accompanied by a copy of a proposal relating to such transfer (the "Sale Proposal"), to the Company and to each of the other Stockholders setting forth such Selling Stockholder's desire to make such transfer (which shall be for cash only), the number of shares of the Company Common Stock proposed to be transferred (the "Offered Shares"), and the cash price at which such Selling Stockholder proposes to transfer the Offered Shares (the "Offer Price").

Transfers by a Stockholder. (a) Except for the sale sales of securities contemplated by Article IV and VI hereof, transfers permitted by Sections 4.1, 4.2 and 4.3, transfers of Preferred Stock and transactions subject to Section 2.25.9, if at any time any Stockholder shall desire to transfer sell any shares of the Company Common Stock or Warrants owned by him or it (such Stockholder desiring to transfer sell shares of the Company Common such Stock or Warrants being referred to herein as a "Selling Stockholder"), then such Selling Stockholder shall deliver written notice of its desire to transfer shares other than to a Permitted Transferee sell such Stock or Warrants (a "Notice of Intention"), accompanied by a copy of a proposal relating to such transfer sale (the "Sale Proposal"), to the Company and to each of the other Stockholders and to the Company, setting forth such Selling Stockholder's desire to make such transfer sale (which shall be for cash only), the number and class of shares of the Company Common Stock or Warrants proposed to be transferred (the "Offered SharesSecurities"), ) and the cash price at which such Selling Stockholder proposes to transfer sell the Offered Shares Securities (the "First Offer Price")) and other terms applicable thereto.