Common use of Violation of First Refusal Right Clause in Contracts

Violation of First Refusal Right. If any Key Holder becomes obligated to sell any Transfer Stock to the Company or any Participating Investor or Rights Holder under this Agreement and fails to deliver such Transfer Stock in accordance with the terms of this Agreement, the Company and/or such Participating Investor and/or Rights Holder may, at its option, in addition to all other remedies it may have, send to such Key Holder the purchase price for such Transfer Stock as is herein specified and transfer to the name of the Company, such Investor or such Rights Holder (or request that the Company effect such transfer in the name of an Investor or a Rights Holder) on the Company’s books the certificate or certificates representing the Transfer Stock to be sold.

Violation of First Refusal Right. If any Key Holder Prospective Seller becomes obligated to sell any Transfer Stock to the Company Company, any Investor, or any Participating Investor or Rights Key Holder under this Agreement and fails to deliver such Transfer Stock in accordance with the terms of this Agreement, the Company and/or such Participating Investor and/or Rights Holder or Key Holder, as the case may be, may, at its option, in addition to all other remedies it may have, send to such Key Holder Prospective Seller the purchase price for such Transfer Stock as is herein specified and transfer to the name of the Company, Company or such Investor or such Rights Holder Key Holder, as the case may be, (or request that the Company effect such transfer in the name of an Investor or a Rights Holdertransfer) on the Company’s books the certificate or certificates representing the Transfer Stock to be sold.

Violation of First Refusal Right. If any Key Holder Selling Shareholder becomes obligated to sell any Transfer Stock to the Company or any Participating Investor or Rights Holder under this Agreement and fails to deliver such Transfer Stock in accordance with the terms of this Agreement, the Company and/or such Participating Investor and/or Rights Holder may, at its option, in addition to all other remedies it may have, send to such Key Holder Selling Shareholder the purchase price for such Transfer Stock as is herein specified and transfer to the name of the Company, Company or such Investor or such Rights Holder (or request that the Company effect such transfer in the name of an Investor or a Rights HolderSelling Shareholder) on the Company’s books the certificate any certificates, instruments, or certificates book entry representing the Transfer Stock to be sold.

Violation of First Refusal Right. If any Key Common Holder or Non-Lead Investor becomes obligated to sell any Transfer Stock to the Company or any Participating Company, an Investor or Rights Holder a Common Stockholder under this Agreement Section 7 and fails to deliver such Transfer Stock in accordance with the terms of this AgreementSection 7, the Company Company, such Investor and/or such Participating Investor and/or Rights Common Holder may, at its option, in addition to all other remedies it may have, send to such Key Common Holder or Non-Lead Investor the purchase price for such Transfer Stock as is herein specified and transfer to the name of the Company, Company or such Investor or such Rights Holder (or request that the Company effect such transfer in the name of an Investor or a Rights HolderInvestor) on the Company’s books the certificate or certificates representing the Transfer Stock to be sold.