Treatment of Prohibited Transfers. In the event a Principal Stockholder should sell any Common Stock in contravention of the participation rights of the Investor under this Agreement (a "Prohibited Transfer"), the Investor, in addition to such other remedies as may be available at law, in equity or hereunder, shall have the put option provided in Section 2.2 below, and a Principal Stockholder shall be bound by the applicable provisions of such put option.
Appears in 3 contracts
Samples: Co Sale Agreement (Net Value Holdings Inc), Co Sale Agreement (Net Value Holdings Inc), Co Sale Agreement (Net Value Holdings Inc)
Treatment of Prohibited Transfers. In the event a Principal Stockholder Shareholder should sell any Common Stock Shares or Convertible Securities in contravention of the participation rights of the Investor Holder under this Agreement (a "Prohibited Transfer"), the InvestorHolder, in addition to such other remedies as may be available at law, in equity or hereunder, shall have the put option provided in Section 2.2 below, 3.2 and a Principal Stockholder such Shareholder shall be bound by the applicable provisions of such put option.
Appears in 2 contracts
Samples: Note, Preferred Stock and Warrant Purchase Agreement (Tanknology Nde International Inc), Co Sale Agreement (Nde Environmental Corp)
